Sunday, October 11, 2009

Introducing the world of Numismatics

Numismatics - it's just a big word for the study of coins.
First coins were dated 600 B.C. They were just pieces of silver, gold and other metals stamped by the King. Thereafter, dies were invented to create designs and faces of Kings on these pieces. It was mostly the weight and nature of the material that makes the coins valuable. Soon, coins were use as a trade and official object for commerce. Designs and the faces of rulers on the coins tells a story. You can see how old these coins were by looking at them. People starts to collect coins like building a story. Coins that have milestones in them has great value. The value also depends on how many of them were made. 500 of these coins in the world fetch a higher value that 1 million of these coins.

Coins have been collected by Roman Emperors like Julius Caesar and Trajan and U.S. presidents Franklin Roosevelt, Harry Truman, and Bill Clinton. Now, millions of people are collecting coins. Why? Because they see the value of them.

Before you spend on collecting coins, you need to establish you interest area. You need to know how to research the coins you’re interested in, and how factors like condition, rarity, supply, and other aspects affect the value of the coin. Value is important, but another important factor is discovering which coins
you enjoy building.
When you’ve decided to collect coins, you’ll have to be sure how to correctly hold a coin (or you might
damage it) and how to store your collection (to keep them as mint and natural as possible).

I will mention these in my next blogs.

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