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Many people have gotten into collecting coins lately. This is a hobby which has been strong in the United States for over 200 years now. The only other country which rivals the love of numismatics is Canada. Australia is catching up, but still has a ways to go. This is why there are not many collections which include old foreign coins outside of the United States. This also leads many people to wonder whether they should even bother collecting foreign coins or not.
The thing to remember when collecting any kinds of coins is the less value that they have to the general public, the more value they will have to a collection. Even if this value is not currently anything you can enjoy, if preserved well, these coins will become highly valuable down the road. It is also important to remember that collecting old foreign coins is no different than collecting American coins. They have value which is based on the rarity of the coin, its beauty and its grade. As long as you can identify these things about the coin, you will have a very good chance of making a lot of money by collecting foreign coins.
Rarity of Coins
One of the single most important factors to whether a coin will be valuable is the number of the coins which are available to the public. Old foreign coins have not been collected by very many people. The older the coin, the rarer it will be. Since there are some coins which are centuries old, it is possible to find coins which will be extremely rare. Even better is that you will be able to find rare coins which are from civilizations which do not even exist today.
Beauty of Coins
The reason why some people started collecting coins in the first place is because they enjoyed looking at them. This is why leaders have commissioned artists and sculptors to create coins for the nation. The more attractive the old foreign coins are, the more valuable they will be to your collection. Look for coins which have an obverse which pays tribute to a certain leader or a certain ideal for the country. These will often have an extreme eye for detail. Usually the coins which highlight a female figure are created to be more beautiful than others.
Grading Coins
The grade of the coin will play a huge factor in how much the coin is worth. Even coins a decade old can be worth thousands of dollars if they are kept in good Mint State condition. Other old foreign coins simply cannot be expected to have these kinds of grades. Still, the value of the coin will shoot up dramatically every grade you go up on the Sheldon Scale. It is important that you get the coins properly graded if you lack the understanding of how to do it yourself. This will allow you to know exactly what the coins are worth.
Photo Credits: woody1778a
Originally posted 2010-08-25 03:54:32. Republished by Blog Post Promoter
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