Coins are a fascinating piece of history that can offer us clues to the past. They can also teach us about the different periods in time when they were minted and even about famous historical figures that are featured on them. If you have an interest in coins, it can be a fun hobby to pursue and you can learn lots of interesting facts about them as you build your collection.
The origins of coin collecting are debated by scholars, but evidence shows that people have been collecting coins for thousands of years. For example, Suetonius mentions that the Roman emperor Augustus collected old and foreign coins. Also, the famed humanist Petrarch (1304-1374) made a formal collection of ancient coins in Padua, Italy. The earliest formal collections of modern coinage, however, didn’t form until the mid-19th century when coin auction catalogs began to emerge and collector organizations were formed.
Some people collect coins for their historical value while others are interested in the rare and valuable specimens that can be found on the market. Modern coins continue to catch the attention of many collectors thanks to the popularity of programs like the 50 State Quarters and new bullion coin releases.
Whatever your motivation, it’s important to know some of the most basic coin collecting facts before you start buying and selling. These basics will help you make informed decisions and avoid making costly mistakes. This article will cover the definition of a coin, how to grade coins and what factors influence their value.