Why is Coin Collecting Called Numismatics?

A coin, medal or other piece of metal money issued by a government for use as currency. The study of coins and other forms of money is called numismatics. Some of the earliest collections of coins were hoarded; others may have been gifts from friends, family or visitors. The hobby of collecting coins was popular with Roman emperors, including Caesar Augustus. The word numismatics comes from the Greek for “money”. Guillaume Bude’s De Asse et Partibus Eius Libri Quing, written in the 16th century, was the first book to mention a collection of coins. The Italian antiquarian Bartolomeo Borghesi (1781-1860) was a leading figure in the development of numismatics as a scholarly science.

For many children, collecting coins is more than just a fun pastime; it teaches valuable skills and provides a lifelong passion and interest that can continue throughout adulthood. Building a coin collection requires patience and attention to detail. It also helps children develop their critical thinking skills as they examine various aspects of each coin, such as its age, condition, rarity and historical significance. This can translate to better decision-making in other areas of their lives, like academics and personal finance.

Encourage your child to research the different types of coins they collect and learn about the history of a country, state or region. Help them find resources online, at libraries and in books. Encourage them to attend coin shows, where they can meet fellow collectors and expand their knowledge of the hobby.