Who Collects Coins?

There are basically 4 groups of coin collectors. Even as 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 supporter or the coins were just found in their change.

But the coins came into their possession, the new collector didn’t hold 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 delight in the challenge of trying to obtain all the coins in their select categories. The hobbyist can easily go into the investor category.

The investor sees the chance to increase their original investment in coins. They can appreciate the actor appeal of the coins, and may get a lot of personal pleasure in the process of carrying out their collection, but their main wits for collecting is the potential restore on their investment.

Then there’s 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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