Building A Collection Of Precious Metal Coins

One of the most satisfying niches in coin collecting is precious metal currency. The use of gold and silver currency is an ancient practice based on the inherent value of the metals. For thousands of years, nations have minted their currencies in these precious metals. Small denomination currency was frequently minted in bronze or copper, but the more valuable coinage was created using gold and silver.

Building a valuable collection of precious metal coins not only represents an investment, it also serves as a window to history and art. Whether collecting ancient Greek silver tetradrachms, from the times of the mighty Greek Empire when these impressive coins were used as currency throughout the known world, or rare Indian gold coins first minted in 100 AD, the coin enthusiast has almost unlimited options for choosing an area to specialize in.

Before beginning any collection, extensive study is required. There are numerous guide and pricing books devoted to specialized areas of collecting. Building a solid library of research materials is imperative for the serious collector. Coin collecting resources abound that feature many important aspects of the hobby. Illustrated databases of rare coins and tips for the savvy collector on how to avoid replicas and counterfeits are widely available online and in book stores. Experienced collectors share their knowledge and expertise with others to encourage the enjoyment of this pastime and to ensure the hobby remains as free from fraud as possible. The more knowledge a collector has, the less likely he is to fall victim to unscrupulous or unknowing sellers offering questionable wares.

A wonderful way to meet other collectors and specialists is to attend coin shows. The advice and information the reputable dealers at these shows possess is invaluable to the new collector. Many coin dealers delight in sharing their expertise, guiding a novice collector on the right path. Not only are the dealers fascinating to talk to, the collections they display and offer for sale are extensive, covering many areas of this interesting hobby. A show is a place to start building a collection. Confidence in the integrity of the dealer is almost always assured at a large show. Shows are also excellent places to purchase books, especially those devoted to specialized areas of collecting.

Armed with newly acquired knowledge, the novice collector is ready to begin purchasing coins. Although there are bargains to be found in unusual places, sticking with a reliable dealer is always the safest choice. With experience, investigating online auctions and other sources for rare coins provides opportunities for finding great bargains and rare coins.