Building collections has been a favorite hobby for millions of people over the ages. Collectors enjoy the thrill of finding a new addition and they often spend a lot of time organizing and documenting their collections. It would be difficult to think of something that is not and has not been a collectable. Minted tender is still one of the favorites with some of the most valuable coins selling for millions of dollars.
Some collectors choose this hobby as a way in which to earn large profits. These collectors are normally extremely knowledgeable about coins worth money and it is indeed possible to make handsome profits. Others simply enjoy the act of collecting a specific item, in this case minted tender. There are also accidental collectors that inherited collections and then became enamored with the hobby themselves.
Most collectors concentrate upon a specific theme. Some only collect tender originating from a specific period, country or even a very specific mint. Others want only tender that originate from a very specific period. Then there are those purists that will only purchase tender that are made from a certain type of metal. There are also collectors that specialize in tender that feature a certain theme, such as plants, animals or heads of state.
Supply and demand play a big role in determining the value of coins but this is by no means the only factor involved. Some collectors will pay much more for a specific piece missing from their collections. The condition of the tender is also important. Organizations such as the American Numismatic Association also provide grading services to collectors and dealers.
The very first tender that was minted by the newly established United States mint was the Flowing Hair Dollar, designed by Robert Scot. This tender was minted for just 2 years, during 1794 and 1795. After that the Draped Bust Dollar followed. The Flowing Hair Dollar, however, remains the most expensive coin in modern times. One was sold in 2013 for a price in excess of ten million US dollars.
The second minted tender on the list has a fascinating history. The Double Eagle, a twenty dollar gold United States tender was minted in 1933. Close to a half a million were minted but none was ever distributed. The entire stock was melted down and only two survives to this day. One is in the hands of a private collector and the other in the collection of the US National Numismatic society.
When contemplating this hobby, it is important to get expert advice. There are many websites offering valuable information but it may also be wise to join a reputable club and learn as much as possible before making any purchases. When purchasing specimens it is vital to make sure that the dealer is reputable and an acknowledged expert in the field of numismatics.
Many collectors of minted tender build their collections over many years and then pass it on to a loved one. Some collections are extremely valuable and it is imperative to make sure that the collection is insured and properly safeguarded. Others simply collect tender because they enjoy it and they like to learn more about the various pieces that they possess.
Some collectors choose this hobby as a way in which to earn large profits. These collectors are normally extremely knowledgeable about coins worth money and it is indeed possible to make handsome profits. Others simply enjoy the act of collecting a specific item, in this case minted tender. There are also accidental collectors that inherited collections and then became enamored with the hobby themselves.
Most collectors concentrate upon a specific theme. Some only collect tender originating from a specific period, country or even a very specific mint. Others want only tender that originate from a very specific period. Then there are those purists that will only purchase tender that are made from a certain type of metal. There are also collectors that specialize in tender that feature a certain theme, such as plants, animals or heads of state.
Supply and demand play a big role in determining the value of coins but this is by no means the only factor involved. Some collectors will pay much more for a specific piece missing from their collections. The condition of the tender is also important. Organizations such as the American Numismatic Association also provide grading services to collectors and dealers.
The very first tender that was minted by the newly established United States mint was the Flowing Hair Dollar, designed by Robert Scot. This tender was minted for just 2 years, during 1794 and 1795. After that the Draped Bust Dollar followed. The Flowing Hair Dollar, however, remains the most expensive coin in modern times. One was sold in 2013 for a price in excess of ten million US dollars.
The second minted tender on the list has a fascinating history. The Double Eagle, a twenty dollar gold United States tender was minted in 1933. Close to a half a million were minted but none was ever distributed. The entire stock was melted down and only two survives to this day. One is in the hands of a private collector and the other in the collection of the US National Numismatic society.
When contemplating this hobby, it is important to get expert advice. There are many websites offering valuable information but it may also be wise to join a reputable club and learn as much as possible before making any purchases. When purchasing specimens it is vital to make sure that the dealer is reputable and an acknowledged expert in the field of numismatics.
Many collectors of minted tender build their collections over many years and then pass it on to a loved one. Some collections are extremely valuable and it is imperative to make sure that the collection is insured and properly safeguarded. Others simply collect tender because they enjoy it and they like to learn more about the various pieces that they possess.
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This article collected, selected and written by: Author Van Hoc
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