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Who Collects Coins?
There are basically 4 groups of coin collectors. While maybe not every coin collector fits into one or more of these categories, most do. The categories are inheritor, hobbyist, investor and hoarder.
The majority of coin collectors start out in the inheritor category. Some coins are passed on to them from a relative. Or maybe they were given to them by a friend or the coins were just found in their change.
However the coins came into their possession, the new collector didnt purchase them and usually has no knowledge of coin collecting. Once in their possession, if these coins spark an interest, the inheritor becomes a collector.
The hobbyist collects coins for their artistic or historic appeal. They enjoy the challenge of trying to obtain all the coins in their chosen categories. The hobbyist can easily move into the investor category.
The investor sees the opportunity to increase their original investment in coins. They can appreciate the artist appeal of the coins, and may get a lot of personal pleasure in the process of completing their collection, but their main reason for collecting is the potential return on their investment.
Then theres the hoarder. They collect coins just for the value of the coins. Their collections usually include everything they can get. They have no interest in the artistic or historic appeal of the coins. For them the value of the coin is the face value or the value of the material the coin is made from.
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Coin Collecting News from Yahoo:
Coin and Bullion Company Launches Interactive Coin Collections
Coin and Bullion Company Launches Interactive Coin Collections The American Eagle Reserve, a trusted leader and innovator in the coin and bullion industry, caters directly to the needs and wants of coin collectors with the launch of their interactive AERLOOMS Virtual Collection system. The American Eagle Reserve launched its highly anticipated interactive AERLOOMS Virtual Collection system that ...
The Happy Coin Launches Online Store, Offering Rare & Coveted Collectible Coins
The Happy Coin is now live online as a premier Rare Coin Dealership. They offer everything from common date Morgan Dollars, Indian Head Cents and Buffalo Nickels to high end rarities such as the 1907 High Relief in PCGS MS 65, the 1937 D 3 Legged Buffalo Nickel in NGC MS 66, the 1898 Morgan Dollar in PCGS MS 66 Deep Cameo or a stunning 1903 Barber Quarter in NGC Proof 68 Cameo. For whatever type ...
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