The coins and bills are evidence of specific historical times. The pieces acquire numismatic value for their beauty, rarity and elaboration.
When we talk about a specific era, they contribute invaluable data to the study of history, which makes numismatic in an auxiliary science of great importance in an auxiliary science of great importance.
For collectors a certain denomination and date acquire interest to the extent of their scarcity which does not necessarily is directly related to the age of the piece.
If you’ve just arrived in the world of coin collection and would like to know where to start, you’re in the right place.
In the case of numismatics, while collecting coins you learn from history, politics or important events and people. Expanding your collection takes you interested in historical or social issues that are relevant to the currency in question that you are buying or selling.
Learn the vocabulary of the collectors
The following terms are very important:
Currencies in circulation / circulating: they are those that have been used in the field of commerce and have circulated normally.
Commemorative or commemorative coins: coins that have been minted to honor an event, a person, an institution or a certain specific issue. These types of coins are called collector coins and are not intended to be coins in circulation.
Face value: refers to the value that appears minted in the coin. Nothing to do with the value of the coin within collecting.
Intrinsic value: in this case we are talking about the real value of the currency. Usually this price is based on some factors considered key. Must include:
- What you paid for it.
- Historical value.
- Its state of conservation and beauty.
- The year and mint of minting.
- Its rarity.
Mint: a mint or company that mints coins (for example, the Spanish FNMT).
Coinage: is the manufacturing process of the different coins.
Minted coin: coins issued in a given mintage.
Numismatics: discipline of historical science that encompasses both ancient and modern coins, bills, and medals.
Numismatist: scholar or coin collector.
Minting proof: each of the first proofs made of a minting, in order to control the quality of the mintage. They are high quality coins that are made very frequently today, due to the great demand they have among collectors.
Uncirculated Coins: Circulating coins that never have.