Coin collecting also known as Numismatics is a venture that has been around for quite a long period of time. So long has been the time that it came to be known as the Hobby of Kings and in recent times it has become The King of Hobbies.
So wide is coin collecting that for one to properly understand it, we have to break it down into smaller topics. Feel free to click on any of the links below to view more information on a topic of your choice.
Coin collecting is the art of sourcing for high grade coins that have a more greater importance than their face value. These activity has been witnessed from times that date back into time immemorial.
You can define your collection in whichever way you wish. A coin collection is only limited by the imagination of the collector. That’s the beauty of Coin Collecting.
There are thousands of different types of coins worldwide that have been in existence for thousands of years back.
There are also very many categories of coins that offer a wide range of topics from low priced coins for beginners to certified high grade rarities for advanced collecters and scholars.
Coins originate from diverse backgrounds and regions and due to these fact, they can open up a diverse array of possibilities and opportunities that if properly harnessed can be a vital source of satisfaction and financial gains.
Different aspirations and intentions guide various interests of owning a particular coin.
A beginner in coin collecting may not be privy to a lot of information though with more practice one realizes that there are a lot of people out there in dire need of different types of coins.
With these realization an individual can be spurred to specialize in collecting coins that are on highest demand. With thousands of different types of coins worldwide, the reasons for collecting coins can be in their hundreds.
A wise coin collector is at a very great advantage of business if he or she specializes in one type or category of coins rather than having a mixed speciality approach.
Why Collect Coins :-
Since coins originate from many different backgrounds, reasons for engaging in collecting them can be varied depending on individual likes, tastes and preferences.
- As A Hobby :- By having exciting features and inscriptions, coins can be a big source of satisfaction and a collector may go through great costs so to get a particular coin.
- For Information :- By having well calculated features and inscriptions, coins can be a vital source of information depending on various individual likes and preferences.
- For Content :- By having a mostly metallic composition, coins can be made from expensive, rare and potentially precious materials which can be tapped for other uses.
- For Business :- By having the other mentioned reasons of interest, a coin collector can fill the gap and source for coins to satisfy the needs of people who have the other reasons of interest and desire.
With all these channels of business, a coin collector is always guaranteed of having an ever flowing life long business engagement.
Many are the times that a first time coin collector may wonder what type or category of coins to collect or venture into.
These is not surprising since also seasoned collectors may not know which coins are fetching the best market prices. Infact apart from the price, also where and who needs a particular coin of interest can be extremely confusing.
These basic facts and points mostly result into a big jig saw puzzle that is very hard to understand unless you partner with accomplished and trusted coin dealers.
As an established and accomplished regional leader in coin collecting, Antique Marketers is a regional hub and business entity that specializes in linking both coin sellers and coin buyers to genuine, direct and legitimate markets.
We have an extremely wide and extensive network of committed coin collectors who are always ready and available to source for all types and genres of East African coins at the shortest notice.
We also have a strong backbone of very many partners and coin enthusiasts who have an intense interest for East African coins and they always connect with us so as to acquire and link up with their choice coins of tastes and preferences.
Even though coin collecting is a very wide venture, as professional marketers we major on the below categories of coins. Feel free to click on any of the links to view finer details of the individual categories of coins.
Once you have an idea of why you may need to collect coins, then rest assured we are always ready and available to help you all through your journey to success.
If you have the need and passion to collect coins for business, we will always be there for you to help you find the best markets and highest prices for your coins at all times.
Whenever you need to acquire any coin, either to add it into your collection, or you admire a particular coin for its prestige, content or information, we will be there for you to ensure you get the best coin that matches your tastes and preferences.
How To Collect Coins :-
Many people start their coin collecting journey by simply finding an interesting coin in their pocket change. Others inherit a coin or are given some nice looking coins by a friend or an acquaintance yet others get some coins through other means available to them.
There are many approaches to collecting coins with the most common themes being collecting coins by country of origin or usage, coin finish or denomination, ruler or monarch of that era or even shape and images on the coin. Content of a coin is also another theme of interest.
Regardless of where you start from, there are some very important factors that you have to keep in mind so to have a life long, successful and profitable coin collecting journey.
- Start Small And Simple :- Gradually start learning the ropes by making small steps either in purchasing or trading coins that are easy to assemble and acquire.
- Collect What You Like :- Select a theme of the coins you wish to collect i.e a certain subject that interests you though with time you will find the need to specialize.
- Learn Handling And Storage :- Always ensure you are privy to safe coin handling and storage techniques so as to maintain high quality coins.
- It Is Not A Race :- Patience is a very vital key point. Never hurry to make a move so to avoid frustration or loosing out. Take your time to study and learn before engaging in any step of business.
- Education :- Read widely and research extensively. Make sure you learn about your subject coin either through books or the internet or through your trusted coin dealer.
- Join A Coin Club :- Partnering with like minded people is a great plus since you will mingle and learn more from individuals with a similar interest as yours.
- Have A Plan :- Set up a spreadsheet to list your goals. List the expected costs and grades of coins you intend to engage with. Check off the goals from the list once you achieve them.
- Keep Up The Passion :- Always have the will, determination and passion to grow, learn and achieve the best collections there ever was.
Coin collecting is a fun, safe and rewarding way to interact with the exciting history of the world and if properly harnessed can be a life long source of satisfaction and financial stability.
Some personal attributes, character and mindset may also chip in and better your prospects of being successful in the business. These may require you to be teachable, observant, inquisitive, a good listener, a wide reader and also a quick learner.
These attributes and mindset will build up and boost your overall character and eventually give you a head start advantage in your coin collecting journey.
If you don’t possess these attributes then you might mingle with people who have no time to teach them to you and eventually you will be sidelined and pushed out of business.
To get deeper knowledge and insights, we have highlighted here below the most important aspects of the industry.
For a better and incisive view into these topics, click on any of the links below of your interest so to learn more and spur your passion to newer heights of success.
With these basic tactics in your arsenal, you are assured to be heading in the right direction of having an exciting, satisfying and successful life long journey in coin collecting.
How To Market Coins :-
Once you have acquired your coins of interest and you have properly followed the steps of ensuring you have a sellable coin, now you are ready to start finding market for your coin.
Finding genuine and legitimate market for coins is always a daunting task especially if someone is not focused and lacking proper knowledge and information regarding the dynamics of coin collecting.
Here below we have highlighted several steps you can follow so to ensure you get good value for your coins at all times.
- Don’t Get Into A Forced Sale :- Since you have done a prior research of your coins, you might be privy to their expected approximate value. If you are in a desperate financial situation you may end up in a forced sale thus getting less returns for your valuable coin.
- Group Your Coins :- Aspire to sell your coins as a collection rather than as single coins. Always make sure you document your coins in a list format to ensure easy assessment.
- Pick The Right Time To Sell :- Always target your timings of selling so you sell when demand is high to ensure a great likelihood of getting best prices for your coins.
- Deal With Reputable Coin Dealers :- Always link up with trusted partners who have good public reviews, are accredited and also have all the required government business operating licenses. Choose dealers who give a fair and honest assessment of your coins.
- Attend Coin Shows & Exhibitions :- During coin shows you may get low prices for your coins but most importantly you will get to link up and mingle with trustworthy coin dealers and people who can guide you to great markets.
- Submit To Coin Auctions :- When you engage coin auctions, make sure you take a clear, visible and bright photo of your coins and make sure you include a brief description of the coins. Take the photo in bright artificial light rather than natural light to ensure coins features are clearly visible and discernible.
- Choose A Shipping Method :- Make prior assessments of how you can transfer your coins to the market. Choose reputable courier services that offer insurance for your coins and check delivery fees and contract details in advance.
- Exercise Due Diligence :- Always trust your heart and don’t follow or do things that don’t seem and sound natural or logical.
With all these facts and points at the back of your mind, you are assured of having a head start advantage and you will be better positioned to engage in a meaningful, successful and exciting life long business.