Building collections has been a favorite hobby for millions of people over the ages. Collectors enjoy the thrill of finding a new addition and they often spend a lot of time organizing and documenting their collections. It would be difficult to think of something that is not and has not been a collectable. Minted tender is still one of the favorites with some of the most valuable coins selling for millions of dollars.
There are many different factors that influence the motivation of collectors. Some simply build collections because they enjoy the look and feel of the tender. Others are classified as accidental collectors. These are people that inherited collections and that somehow become entranced themselves. There are also many collectors that see their collections as investments and a way to earn a profit by concentrating on collection coins worth money.
Most collectors concentrate upon a specific theme. Some only collect tender originating from a specific period, country or even a very specific mint. Others want only tender that originate from a very specific period. Then there are those purists that will only purchase tender that are made from a certain type of metal. There are also collectors that specialize in tender that feature a certain theme, such as plants, animals or heads of state.
The value of coins is determined, to a large degree, by supply and demand. However, tender that is in mint condition is often many times as valuable as samples that are in poor condition. The American Numismatic Association uses a scale ranging from one to seventy to rate the condition of a specific sample, with a rating of seventy describing a sample in perfect condition.
The very first tender that was minted by the newly established United States mint was the Flowing Hair Dollar, designed by Robert Scot. This tender was minted for just 2 years, during 1794 and 1795. After that the Draped Bust Dollar followed. The Flowing Hair Dollar, however, remains the most expensive coin in modern times. One was sold in 2013 for a price in excess of ten million US dollars.
In 1933 the US minted half a million specimens of the Double Eagle. This tender was never distributed and all but two of them were melted again. This makes it the rarest tender in the world. One specimen is part of the US National Numismatic collection and the other belongs to a private collector who paid more than seven and a half million US dollars for it on open auction.
Anybody inheriting a collection or contemplating such a collection as a hobby should do thorough research. The internet is a valuable source of information. It is necessary to decide upon a theme and it is generally advisable to join a registered club that can provide newcomers with valuable advice. Minted tender should always be purchased from registered and acknowledged experts in the field.
Building collections has always been a popular hobby and millions of people enjoy looking after their collections, finding new additions and learning more about the objects that they collect. Some collections of minted tender are extremely valuable but many other collectors simply enjoy the act of collecting.
There are many different factors that influence the motivation of collectors. Some simply build collections because they enjoy the look and feel of the tender. Others are classified as accidental collectors. These are people that inherited collections and that somehow become entranced themselves. There are also many collectors that see their collections as investments and a way to earn a profit by concentrating on collection coins worth money.
Most collectors concentrate upon a specific theme. Some only collect tender originating from a specific period, country or even a very specific mint. Others want only tender that originate from a very specific period. Then there are those purists that will only purchase tender that are made from a certain type of metal. There are also collectors that specialize in tender that feature a certain theme, such as plants, animals or heads of state.
The value of coins is determined, to a large degree, by supply and demand. However, tender that is in mint condition is often many times as valuable as samples that are in poor condition. The American Numismatic Association uses a scale ranging from one to seventy to rate the condition of a specific sample, with a rating of seventy describing a sample in perfect condition.
The very first tender that was minted by the newly established United States mint was the Flowing Hair Dollar, designed by Robert Scot. This tender was minted for just 2 years, during 1794 and 1795. After that the Draped Bust Dollar followed. The Flowing Hair Dollar, however, remains the most expensive coin in modern times. One was sold in 2013 for a price in excess of ten million US dollars.
In 1933 the US minted half a million specimens of the Double Eagle. This tender was never distributed and all but two of them were melted again. This makes it the rarest tender in the world. One specimen is part of the US National Numismatic collection and the other belongs to a private collector who paid more than seven and a half million US dollars for it on open auction.
Anybody inheriting a collection or contemplating such a collection as a hobby should do thorough research. The internet is a valuable source of information. It is necessary to decide upon a theme and it is generally advisable to join a registered club that can provide newcomers with valuable advice. Minted tender should always be purchased from registered and acknowledged experts in the field.
Building collections has always been a popular hobby and millions of people enjoy looking after their collections, finding new additions and learning more about the objects that they collect. Some collections of minted tender are extremely valuable but many other collectors simply enjoy the act of collecting.
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