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.
Some collectors choose this hobby as a way in which to earn large profits. These collectors are normally extremely knowledgeable about coins worth money and it is indeed possible to make handsome profits. Others simply enjoy the act of collecting a specific item, in this case minted tender. There are also accidental collectors that inherited collections and then became enamored with the hobby themselves.
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 first national mint in the United States was established in 1792, but it was only in 1794 that the first tender was produced. This was the Flowing Hair Dollar which is the most expensive coin in the world. A copy was recently sold for more than ten million dollars. This tender was minted for only two years and was replaced by the Draped Bust Dollar in 1795.
The rarest specimen in the world, and second most expensive, is the Double Eagle, a golden US 20 dollar minted tender. Half a millions was minted in 1933, but all of them, except two were melted down again. One remains in the possession of a private collector, who paid seven and a half million dollar for it in 2002. The other is part of the US National Numismatic collection.
When contemplating this hobby, it is important to get expert advice. There are many websites offering valuable information but it may also be wise to join a reputable club and learn as much as possible before making any purchases. When purchasing specimens it is vital to make sure that the dealer is reputable and an acknowledged expert in the field of numismatics.
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.
Some collectors choose this hobby as a way in which to earn large profits. These collectors are normally extremely knowledgeable about coins worth money and it is indeed possible to make handsome profits. Others simply enjoy the act of collecting a specific item, in this case minted tender. There are also accidental collectors that inherited collections and then became enamored with the hobby themselves.
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 first national mint in the United States was established in 1792, but it was only in 1794 that the first tender was produced. This was the Flowing Hair Dollar which is the most expensive coin in the world. A copy was recently sold for more than ten million dollars. This tender was minted for only two years and was replaced by the Draped Bust Dollar in 1795.
The rarest specimen in the world, and second most expensive, is the Double Eagle, a golden US 20 dollar minted tender. Half a millions was minted in 1933, but all of them, except two were melted down again. One remains in the possession of a private collector, who paid seven and a half million dollar for it in 2002. The other is part of the US National Numismatic collection.
When contemplating this hobby, it is important to get expert advice. There are many websites offering valuable information but it may also be wise to join a reputable club and learn as much as possible before making any purchases. When purchasing specimens it is vital to make sure that the dealer is reputable and an acknowledged expert in the field of numismatics.
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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