It’s time to talk about some cold, hard cash.
Why do people collect coins? We add in our two cents worth…
Collecting coins is often seen as an old-fashioned hobby that isn’t the done thing these days. But we are here to say that is completely wrong!
Our Coins, Notes and Collectable auctions are some of our most popular and we are constantly seeing people buying hundreds of dollars’ worth at a time!
Some people like to travel, some like to play sports and others like to collect coins.
Soon we will have a new face on the back of Australian coins, whether it be Prince Charles or Prince William. This will cause great interest in our physical dollars again!
Cash use has plummeted in Australia over the last few years which only increases the popularity of coin collecting as people are wanting to collect something that appears to be more scarce.
We are here to help you make cents of it all…. 😉
Where to start…
There are different kinds of coins to collect, and we aren’t just talking shillings versus pennies.
Circulating coins are the everyday coins you currently use to pay for things at the store.
But when you look at the coins you receive in your change, you should keep an eye out for coins with an interesting picture that you haven’t seen before. These are called Commemorative Coins.
The Royal Australian Mint releases circulating coins that honour our history and important events, like Remembrance Day, or the Commonwealth Games.
These are a good place to start if you want to take on coin collecting as a hobby. They are limited edition coins that are still easy enough to come across in your daily life. Put them aside and see how many different ones you can get!
Collector Coins and Proof Coins
Collector coins are non-circulating coins that you can only buy from the Mint. They are polished and struck harder than everyday coins, which makes them clearer and shinier.
They often have designs you wouldn’t normally see on circulating coins. Collector Coins come in special packaging so that they stay in good condition and stand apart from other coins.
Proof coins are very special coins, often made of precious metals like silver and gold. They come in a range of different shapes and sizes and are specially made by expert coin-makers.
Each coin is struck at least four times and are released in the highest quality only. These are usually worth more money as they are so desirable.
Most people who collect coins are interested in the history these coins carry. By collecting old coins, you can own a small piece of history.
By holding an old coin in your hand, it is possible to imagine where this coin has been and who has used it to buy an array of goods and services!
Coins are also like miniature works of art, displaying unique styles and beauty. Although they hold monetary value, many collectors find their beautiful favourites priceless!
Another big drawcard of coin collecting is the social aspect it brings to your life! You can join coin collectors’ clubs and share your passion with other likeminded and enthusiastic collectors.
Most often, collecting starts with a particular series of coins, and the pride of building that collection ignites the passion!
Collecting coins from significant eras and places can also mean a lot to the collector and can be passed down to younger generations for them to enjoy too.
The feeling of finding the perfect missing piece of a collection is an undeniable joy and satisfaction. Growing the collection can naturally become an obsession, so the more people in on it, the better!
The final, and perhaps most obvious, reason for collecting is to invest and make a profit one day! Coin collections can be started on an extremely low budget, especially if you start by finding collectable circulating coins!
And because so many people have different kinds of collections, there are always people looking to buy more coins to fill the gaps in their albums or simply to expand their collection as wide as possible.
All you need is two people needing your coin for their collection and you could have a crazy bidding war on your hands!
So, has the penny dropped? Some people really love the artwork on coins. Others are interested in the history behind the coins.
Then there are those who would simply like to have an investment which may be worth a lot of money in the future.
Whatever your reason might be, it’s very easy to start a coin collection with our auctions.
If you had a dollar for every collectable coin auction we have, then you’d be a rich! Hear all about them by signing up to our email alerts!