Tuesday, September 29, 2009

What is Coin Collecting?

Coin collecting and the study of money is called numismatics. Coins often reflect the social, artistic, economical, and political trends of the time period in which they are designed and made. Numismatics looks at coins from an economic, historical, political, artistic, cultural and metrological point of view in order to place both intrinsic and monetary value on a coin.

Throughout the centuries, different cultures have preferred coins over paper money and some have used both. By their very nature, coins are highly durable, convenient, mobile, and accurate modes of payment and investments.

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