Many people become interested in coin collecting for a variety of reasons. Some stumble onto the hobby through finding a rare coin in their change or while cleaning up metal debris with a metal detector. Others may inherit a collection from a relative or attend a Boy Scouts of America Coin Collecting Merit Badge Workshop. For others, coin collecting is an exciting and rewarding activity.
Whatever your reason for getting involved, learning about the hobby and its many facets is a fun and educational experience. To help you get started, here is a basic introduction to coin collecting and some of the more common terms used in numismatics.
Numismatics – The study of coins, medals and other forms of money, including their history and production methods. Caesar Augustus is credited with being one of the first coin collectors, and Guillaume Bude’s 1514 book, De Asse et Partibus Eius Libri Quingia, is considered the first work on coins and numismatics.
AGW – Actual Gold Weight, the actual amount of pure gold in a coin or bar, as opposed to its gross weight, which includes alloys. Album Friction – Horizontal lines on a coin caused by repeatedly removing and inserting the plastic “slides” into an album, causing the slides to rub against high points of the coin’s surface.
Branch Mint – A United States mint other than the Philadelphia mint where coins are, or were formerly, struck. Coin Assayer – A person who tests and certifies the purity of precious metals such as silver and gold for use in coinage.
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