Numismatics is the collection and study of currency, including coins, paper money, tokens and other related objects. Coin collectors are referred to as numismatists.
If you’re new to coin collecting, you may be surprised to know that your hobby carries such an interesting name!
Below are some other fun facts that every new coin collector should become familiar with as they delve into this exciting hobby. Knowing some of this history can help you develop a greater love and appreciation for coin collecting.
Fun Coin Collecting Fact:
- Coin collecting can be traced back thousands of years to ancient kings and queens. Because of its roots, coin collecting is sometimes referred to as “the hobby of kings.” This is not because of the amount of money it costs to collect coins, but because this amazing hobby began in the days of kings and queens.
- The first international convention for coin collectors was held in August 1962 in Detroit, Michigan. Over 40,000 coin collectors were present.
- The world’s largest circulating library of numismatic material was founded in 1891 and is called the American Numismatic Association.
- You don’t have to be wealthy to become a coin collector. Most coin dealers will allow you to purchase collectible coins for a little over face value. Some coins in the U.S. can be purchased for as low as $10.
- You can buy coins from the United States Mint. The Mint has large catalogues filled with commemorative items, coins, sets and other items of interest to coin collectors.
For more interesting facts, read this article from CoinWeek.