Coin Collecting: Collector Types (Part 3 of 6)

(Don’t have time to read this article right now? Jump to the bottom and add to Pocket an Iphone/Android app that reads articles to you. Click here to jump to the bottom.)

I’m also kind of cheating and reblogging a post from Crazee Coins on Facebook. Do feel free to read them all on their Facebook wall or on their blog: COIN COLLECTING PART 3/5. They currently don’t have these posts on their blog but if they decide to do so I will link directly to it. Crazee Coins is located in 92 Denis Hurley Street, 4001 Durban, KwaZulu-Natal.

In 2010 , Crazee Coins was established to bring you high-quality collector’s coins in a range of designs. We have been building our reserves from past to present and beyond. (Krugerrands, ZAR Coins, Mandela Coins, Union Coins, Republic of South Africa Coins, with a wide variety of mint coins) Our coins are only graded by world renowned grading company NGC & PCGS based in America which is the preferred choice by coin collectors across the globe. Crazee Coins is run by two enthusiastic coin collectors Cuzz & Smiley who will endeavour to find the coin that best suits you.

Casual coin collectors often begin the hobby by saving notable coins found by chance. These coins may be pocket change left from an international trip or an old coin found in circulation.

Usually, if the enthusiasm of the novice increases over time, random coins found in circulation are not enough to satisfy their interest. The hobbyist may then trade coins in a coin club or buy coins from dealers or mints. Their collection takes on a more specific focus.

Some enthusiasts become generalists and accumulate a few examples from a broad variety of historical or geographically significant coins. Given enough resources, this can result in a vast collection. King of Egypt was a generalist with a collection famous for its scope and variety.

Most collectors decide to focus their financial resources on a narrower, specialist interest. Some collectors focus on coins of a certain nation or historic period. Others will seek error coins. Still others might focus on exonumia such as tokens or challenge coins.Some collectors are completists and seek an example of every type of coin within a certain category.

Coin collecting can become a competitive activity as prompted by the recent emergence of PCGS (Professional Coin Grading Service) and NGC (Numismatic Guarantee Corporation) Registry Sets. Registry Sets are private collections of coins verified for ownership and quality by numismatic grading services. The grading services assess collections, seal the coins in clear plastic holders, then register and publish the results. This can lead to very high prices as dedicated collectors compete for the very best specimens of, for example, each date and mint mark combination.

You can also follow Crazee Coins on Twitter.
The Mysterious World of Coin Collecting
Coin Collecting: History (Part 1 of 6)
Coin Collecting: Motivations for Coin Collecting (Part 2 of 6)

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One comment

  1. […] You can also follow Crazee Coins on Twitter. The Mysterious World of Coin Collecting Coin Collecting: History (Part 1 of 6) Coin Collecting: Motivations For Coin Collecting (Part 2 of 6) Coin Collecting: Collector Types (Part 3 of 6) […]

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