29 Jul 2019

Maybe I'm in the minority...

Collecting Tips | user_80832

After reading exhaustive amounts of articles and book chapters on coin collecting basics, what to look for, and how to be a "successful" collector, I have reached probably the most unpopular opinion in all of numismatics. According to most everything I've read, you're only a successful collector if you turn your collection over for profit. And to me, that makes you a dealer, not a collector.Now don't get me wrong, I don't have any problem with collectors that buy and turn to make money to buy the next thing, but why does that have to be the benchmark for what makes you 'successful'? Can't buying what you like, regardless of potential financial gains, be considered successful?If you've been hunting for a particular coin for a long time and you finally find one, that's a positive result. Positive results to me equal success. Starting at your new purchase and then poring over sales records for the next several years to track margins over your purchase price sounds like a job, not a hobby. Like I said from the start, unpopular opinion.Think back to when you first started collecting things as a kid. Not necessarily coins, but if you started young, good for you. I mean collecting things because you thought they looked cool. I knew kids that collected bottle caps, buttons - the sew-on-your-clothes kind, rocks, bugs, the list goes on and on. Was that for profit, or because you enjoyed it? Just because we're all grown up doesn't automatically mean we have to be motivated by money. My grandfather was a lifelong mechanic, and he collected Studebaker cars/parts to build a completed car off his own. He didn't do it to try and sell it, he was motivated by his love of the car.I collect coins because I enjoy looking at them, learning about them, and sharing them on social media platforms. I collect for the artwork struck on the surfaces and because I enjoy history. I like to learn about the person(s) on the coin, what was happening in the country at the time it was struck. If there are animals or designs present, what, if anything, do they represent? Obviously from those descriptions, I collect coins from all over the world, and I do it for the variety. I collect for the love of the coins, not for any profit I could raise from selling them. Believe me, there isn't a lot of profit to be made unless there is some precious metal content and they can be sold for melt. (Just as an aside, I also am slowly building a "no gold" US type set, and I love Peace Dollars.)I consider myself a successful collector because I collect what I like, and I learn about what I collect. Each purchase still feels like an accomplishment. I see a coin that looks attractive in design and I purchase it. I don't worry what they've sold for in the past, and I don't worry what I might be able to sell it for in the future. I enjoy my collection in the now - now is when I'm collecting, now is when I'm learning, now is when I'm sharing knowledge and images with others. That to me is success.Anyone that my end up reading this will probably think, 'you're a novice collector', 'you're naive to what the hobby is about', or 'you're just a world coin collector'. And that's part of the problem with adding new collectors to the hobby; the, for lack of a better term, snobbishness of "serious" collectors that have been doing this for years. I personally don't belong to a coin club because I feel like I would be ridiculed for what I enjoy collecting. I was bullied enough growing up, I would hope at 40 years old, I could get beyond that. Maybe I could end up being the group's world coin guy, but maybe the derision of not focusing solely on US coins for profit because I live in the US would drive me out first.I went to my first ever coin show a couple weeks ago in Austin, Texas. It was a small show, but I enjoyed the experience. Unfortunately for me, I had one dealer that treated me as if I had spent to much time in his chair because I was looking at world silver, and as I sat back to check my phone for values on a coin I was considering, he said "thanks for coming by" as a way of chasing me off. I was looking at coins (not bullion) that he had listed at higher prices that some of his US items. The show was saved for me though, by another dealer from San Antonio, ANA Life member 6463 Patrick O'Connor. We had a nice conversation about pieces I was looking at on his table, and I made a couple purchases from him and his wife. All-in-all I guess it was a successful trip for my first show, but I was still left with a sour taste from that one interaction.Am I a successful collector? I believe I am. I am able to find what I like, buy it, learn about it, and enjoy the time I've spent. I post photos for others to see and I share some of the knowledge I've learned along the way. I encourage other people to collect what they like, not just what will make them money. Am I a dealer? No. I haven't ever sold any of my collection. To me that's the big difference. The popular opinion is that to be considered a successful collector, you have to be able to transition into being a dealer and sell your collection. I didn't get into this hobby to be a dealer, to worry about making a profit. I got into it to collect information, and the coins are vessels for learning that information. I collect because I love coins. I collect because I love the art they contain and the information they unlock. I collect because I love to. It may be the unpopular reason, I may be labeled unsuccessful or naive or even 'just' a world collector, but the knowledge and enjoyment I gain make me successful in my own right.

11 May 2019

Happy Mothers Day!

Coins-World | coinsbygary

Happy Mothers Day to all the ANA Mothers. Some years ago I may have posted this coin but I don't remember. That said the message of this coin is always appropriate and I dedicate it to mothers everywhere. Therefore, I am posting this coin and its story now.

16 Apr 2019

Let it Grow

Coins | skywolf

One day while sifting through my grandparent's coin jar I came across a penny that did not look like the rest. Pulling it from the pile, I turned it over and over in my hand fascinated by the image minted onto its surface. While all of the other coins in the jar had the heads of United States presidents on them (my favorite being Abraham Lincoln), this coin had two maple leaves. I immediately went and asked my mother why it was different and discovered that it was from another country. From that day forward I was hooked. What started out as one Canadian penny turned into over four hundred coins and my collection is still growing.I have grown my collection in many ways from a little coin shop down the way to traveling to other countries. My absolute favorite way to learn about and acquire new currency is by traveling. A country's currency is a window into their past history and current culture. I have traveled to and acquired coins from the Republic of Ireland, Northern Ireland, Wales, Scotland, England, and Canada, as well as various locations within the United States of America including Washington, D.C. where I acquired several commemorative coins and tokens. My mother brought me back money from Italy and my cousin gave me coins from Malawi that he saved during a missions trip. My great-great-grandfather had a coin collection from where he had traveled to Japan and NASA, which was passed down to me. Other friends and family have contributed to my collection through their travels as well. I love learning about the countries of each coin's origin and the images upon their surface.Another way that I have grown my collection is through attending local coin shows. It is through such a show that I was able to acquire five ancient Roman coins from Hadrian's Wall. Though they are greatly degraded in quality, I could not resist the opportunity to include such historic pieces. As my mother has several degrees in history, anthropology, and archaeology, we spent many fun hours learning about the coins and life along the Wall. When we were in England we went to see Hadrian's Wall at Walltown near Haltwhistle and I got to see many more Roman coins in the museum there. It was great! I highly recommend growing one's collection through travel as you get to experience the culture that created the currency first hand. It is amazing! What is your favorite way to acquire new pieces? Tell me how you grow your collection in the comments below!

15 Apr 2019

From Penny Pirate to Coin Collector

Coins - World | skywolf

Ever since I was a baby my grandparents have kept a coin jar. Many times they would let me fill a bag with pennies so I could take them and spend them. Sometimes there would be a special coin with different pictures on it so I would keep it. Now I have over four hundred pieces of currency from around the world. In the future, I hope to have a lot more coins with even more interesting stories to tell.

07 Apr 2019

Yemen Riyal AH1382 /1963

| TimB

This is a large world silver crown from Yemen. It is 40 mm and 72 percent silver. There were 4.6 million minted, but not widely seen in this grade.

30 Mar 2019

1937 Irish Penny Error Coin

Coins | Mr_Norris_LKNS

I found this one in a pile of large pennies. If you look carefully you will see that the harp motif is both forwards and backwards on the obverse. On the reverse, you can see what looks like some backwards imprinting of the date above the chicken's head. What type of error is this?

18 Jan 2019

Choose Your Realm

Coins | iccoins

There are countless different coins any collector can collect. Therearetons of options for US coins, world coins, ancient coins, and even currency and tokens. You need to choose what you want to collect to allow you to be the happiest collector you can be. I already did an article about this for the types of sets you can collect, but you don’t even have to go into a set, but rather, collect something that fits you that may not even be a traditional route. The following are some important things to consider before starting a collection. Even if you’ve been collecting for years, you can always change it up and collect something different.

28 Sep 2018

What Got Me Into Collecting? Part I

Coins | iccoins

Everyone has their own unique story about how he or she got interested in coins and here’s mine. Many years ago, when I was probably around five, my dad bought two state quarter books, one for him and one for me. During this time, whenever he got quarter change, we would look through it to find State Quarters to fill the books. This was before the National Park Quarters, so we would find either generic Washington Quarters or State Quarters. We slowly filled up both books. I was about seven years old when the series concluded. By the time we finished our books, I was probably around eight years old. After that, my collecting run essentially ended.

16 Jul 2018

Coinage of the German Empire-Part 1

Coins-World | Big Nub Numismatics

Germany has a history no other country can compare with. For good, and bad. World War one and two, the treaty of Versailles, and during the cold war, East and West Germany. Along with Germany's history to dominate on the world scale, it's coinage is far from dominating, or is it?

09 Jul 2018

Coinage of the French Empire

Coins - World | Big Nub Numismatics

France is one of the oldest, still surviving countryies in the world, along with others in Europe. Because of its long, arduous history, its coinage tells a lot of great history. I recently purchased an 1865 Dix Centimes from the French empire, and you can tell it has been through a lot. From German invasion and occupation, to the Hundred years war, the events of the years influenced the coinage. Here are some facts about the French Franc.


Money.org Blog and Forum Terms & Conditions of Use / Disclaimer

This is a community-sourced blog. Any views or opinions represented in this blog are personal and belong solely to the blog post’s author, and do not represent the views or opinions of the American Numismatic Association, and may not represent the views or opinions of people, institutions or organizations that the author may or may not be associated with in professional or personal capacity.

All content provided on this blog is for informational purposes only. The American Numismatic Association (ANA) makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The ANA does not monitor the blog on a constant basis.

The ANA will not be liable for any errors or omissions in this information, nor for the availability of this information. The ANA will not be liable for any losses, injuries, or damages from the display or use of this information.

Downloadable Files and Images

Any downloadable file, including but not limited to pdfs, docs, jpegs, pngs, is provided at the user’s own risk. The ANA will not be liable for any losses, injuries, or damages resulting from a corrupted or damaged file.

Blog/Forum Posts and Comments

In these terms and conditions, “user content” means material including without limitation text, images, audio material, video material, and audio-visual material that you submit to this website, for whatever purpose.

Blog/forum posts and comments are encouraged. However, the ANA reserves the right to edit or delete any blog/forum posts or comments without notice. User content deemed to fall under the following categories will be removed and may prompt disciplinary actions, including, but not limited to, review and suspension/revocation of blog and forum privileges:

  • User content deemed to be spam or questionable spam.
  • User content intended for commercial purposes or to buy, sell or trade items.
  • User content containing profanity.
  • User content containing language or concepts that could be deemed offensive.
  • User content containing hate speech, credible threats, or direct attacks on an individual or group.

In addition, user content shall not be illegal or unlawful, shall not infringe any third party’s legal rights, and shall not be capable of giving rise to legal action whether against you, the ANA, or a third party under any applicable law.

The ANA may terminate your access to all or any part of the website at any time, with or without cause, with or without notice, effective immediately. If you wish to terminate this Agreement or your Money.org account (if you have one), you may simply discontinue using the website. All provisions of this Agreement which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity and limitations of liability.

The ANA reserves the right to display advertisements on your account and blog pages.

This blog’s terms & conditions of use / disclaimer is subject to change at anytime.

We use cookies to provide users the best experience on our website. If you continue without changing your cookie settings, we'll assume that you agree to receive all cookies on money.org. You may disable cookies at any time using your internet browser configuration. By continuing to use this website, you agree to our privacy policy and terms of use. To learn more about how we use cookies and to review our privacy policy, click here.