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 different reasons why people like to collect minted tender. Some collectors have inherited collections and they simply continue to build the collection. They could almost be called accidental collectors. Others do it to make a profit. There can be no doubt that there are numerous coins worth money. Yet others simply collect them for aesthetic reasons. Many hobbyists spend large amounts on their collections.
Many collectors subscribe to a specific theme. Some will only collect coins made from a very specific metal. Others will focus on a specific country or period. Yet others will only want tender that has been issued by a specific mint and there are even collectors that will not want a tender that does not feature a very special theme, such as animals, plants or the faces of heads of state.
Supply and demand play a big role in determining the value of coins but this is by no means the only factor involved. Some collectors will pay much more for a specific piece missing from their collections. The condition of the tender is also important. Organizations such as the American Numismatic Association also provide grading services to collectors and dealers.
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.
Many collectors of minted tender build their collections over many years and then pass it on to a loved one. Some collections are extremely valuable and it is imperative to make sure that the collection is insured and properly safeguarded. Others simply collect tender because they enjoy it and they like to learn more about the various pieces that they possess.
There are different reasons why people like to collect minted tender. Some collectors have inherited collections and they simply continue to build the collection. They could almost be called accidental collectors. Others do it to make a profit. There can be no doubt that there are numerous coins worth money. Yet others simply collect them for aesthetic reasons. Many hobbyists spend large amounts on their collections.
Many collectors subscribe to a specific theme. Some will only collect coins made from a very specific metal. Others will focus on a specific country or period. Yet others will only want tender that has been issued by a specific mint and there are even collectors that will not want a tender that does not feature a very special theme, such as animals, plants or the faces of heads of state.
Supply and demand play a big role in determining the value of coins but this is by no means the only factor involved. Some collectors will pay much more for a specific piece missing from their collections. The condition of the tender is also important. Organizations such as the American Numismatic Association also provide grading services to collectors and dealers.
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.
Many collectors of minted tender build their collections over many years and then pass it on to a loved one. Some collections are extremely valuable and it is imperative to make sure that the collection is insured and properly safeguarded. Others simply collect tender because they enjoy it and they like to learn more about the various pieces that they possess.
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