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.
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.
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.
The second minted tender on the list has a fascinating history. The Double Eagle, a twenty dollar gold United States tender was minted in 1933. Close to a half a million were minted but none was ever distributed. The entire stock was melted down and only two survives to this day. One is in the hands of a private collector and the other in the collection of the US National Numismatic society.
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.
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 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.
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.
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.
The second minted tender on the list has a fascinating history. The Double Eagle, a twenty dollar gold United States tender was minted in 1933. Close to a half a million were minted but none was ever distributed. The entire stock was melted down and only two survives to this day. One is in the hands of a private collector and the other in the collection of the US National Numismatic society.
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.
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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