Coin Collections to Be Passed On To Succeeding Generations

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by: kaylatyler19
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Perhaps it’s not the first time you’ve come across the phrase “whatever gets you off”. For me that would be coins, from military collectible coins to medallions from the USA, I collect them all. Unlike other collections, this assortment can surely be passed on to your children, your children’s children – you know the drill. This hobby not only withstands time, it could also take you back in time. It’s not but a hobby; it’s an investment that would gain value over time.

To officially start your new hobby, do some basic research. A couple of good reads are reference books that would give much information about coins such as A Guide Book of United States Coins, The New York Times Guide to Coin Collecting and The Official Blackbook Price Guide to US Coins, 43rd Edition. You might be overwhelmed by the many kinds of coins you’d be reading about that it’s good to note that there are five basic types you’d want in your own coin display cases.

Commemorative Coins

Back in the ‘30s appeals for commemorative coins appeared before US congress. The proposals became law and distributors got much profit by adding a premium above the face value of the coins. Many a coin collector paid the said premium for a prized commemorative medallion to add to their collection. That was up until they realized they were being duped by the manipulative distributors who were flooding the markets with many a tribute medallion from the US. The US Mint put a stop to the coin deluge and collectors resumed to collecting their coins – priced right.

Gold and Silver Coins

These coins have been the systems of money for many a great civilization including Rome, Greece, Egypt, England and the U.S. at some point in time. Perhaps the most popular gold and silver foreign coins are those from Rome which are sought after by antique and coin collectors alike. Examples of the said coins are Emperor Vespasian Sestertius, Silver Denarius and Republic/Imperitorial Coin.

BU Rolls

Bank-wrapped rolls of Brilliant Uncirculated Coins were all the rage in the ‘50s and ‘60s. Prices of these rare coin issues soared with the relatively huge number of collectors trying to get hold of the said pieces.

Silver Certificates

These were once redeemable until the government changed the law in the early ‘60s. The silver dollar was worth more than a dollar and this got everyone rummaging through their stuff for the prized redeemable coin, only to be sold to coin dealers.

Art Bars

These were commemorative thin, rectangular and polished silver bars that had collectors buzzing in the ‘70s. All imaginable occasions where honored by the 1-ounce bars – a craze that died down as quickly as it started.

About the Author

Great US Coins is a company offering Commemorative medallion and Military collectible coins. For more information, visit http://www.greatuscoins.com/

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