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What Type of Collector Are You?
Coin collecting has been a fascinating and popular hobby for many generations. Its popularity seems to be connected with the appreciation of money and the hopes of finding that coin or collection that may prove to be valuable. However, such hopes are not often realized, and yet the sheer benefit of this hobby is the pride one takes in the collection and preserving of coins.
Coin collecting enthusiasts can be categorized into three levels of coin collecting. Those three levels are the ones that take up coin collecting as a hobby, the ones who are serious, and the ones who are investors.
1. The Serious Investor
The ultimate coin collection process takes the collector to the level of investor. At this level coin collecting becomes an investment with the term investment being defined as expecting a return on the asset. This is a very serious level for the coin collector and involves meticulous research. The investor also is aware of the value of the coin and the influences that come to bear on its worth. Those influences are the coin’s condition and uniqueness.
The coins are handled with great care and often within a secure environment. Any possible return on the investment may be realized only when the coin is exchanged for something of greater value.
2. The Curious Collector
The next level of coin collecting is defined as the curious. This level of coin collecting can be best described as that individual who will purchase coins to add to their collections. These coins are not rare, and are generally not expensive. They can be found by shopping online or in antique shops.
They are simply added to the collection based on the uniqueness of their appearance. There is no particular rationale or focus in mind with their being added to the coin collection. However, this level of coin collecting is important as the collector often moves to the next level of coin collecting. This advancement continues because of the growth of their collection, their investment of time and resources, their knowledge of coin collecting, and interaction with other coin collectors.
3. The Hobbyist
The first level of coin collecting is conducted by the hobbyist who simply enjoys the entertainment value. This level of coin collecting is known as the hobby level, and both adults and children can comprise this category. These coin collections are characterized by a limited number of coins that are gathered through an arbitrary process of selection. Generally, their collection contains coins minted in years that are meaningful to them. These minted coins could reflect a special year such as an anniversary, graduation, or other significant event.
In addition, this level of enthusiast may collect commemorative pieces. Such coins could include the bicentennial quarter, the recent state quarters, or the anniversary of the Louisiana Purchase commemorated through the minting of nickels.
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