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 didnít 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 thereís 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.
Articles compliments of skaDoogle
Other Interesting Articles
Most people engage in different activities that they consider hobbies. When people consider a particular activity as a hobby, it means that people find that activity pleasurable in that they enjoy collecting different kinds of c... [Read more]Starting Your Collection
Collecting coins as a hobby is fun and easy. You just look through your change everyday and pick out the ones that interest you. Or the ones that are different or un... [Read more]The Pros And Cons Of Auction Sales
In a coin collection, the most difficult part is how to find the coins for the collection. A collectorís main method of acquiring coins is by buying them. The most common alternative in acquiring a coin is through purchase in auction s... [Read more]Coin Collections For All Ages
People of all ages are getting hooked with their coin collections. As a matter of fact, even the children are participating actively in colleting every dime and nickel they can get their hands on. There are a lot of reasons why people collect coins. Among the many reasons... [Read more]Coin Collections: Is This Hobby The Right One For You?
Today, you will see people having different kinds of hobbies. Some loves to collect doll houses, others love stamp collecting, there are also some who likes collecting different species of butterflies and preserve them, and some people likes to collect toys. However, if you really want a valuable collection, and a collection that will be worth a lot in the near future as well as a hobby that will truly provide you with great satisfaction, then you might want to start a coin collections h... [Read more]
|Error: It's not possible to reach 'http://news.google.com/news?hl=en&ned=us&q=Coins&ie=UTF-8&output=rss' RSS file...|