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  A numismatist collects coins out of interest, not out of a desire to profit. However, if you are spending large sums on buying coins, it is worth considering whether these may be worth something in time of need. The value of a coin (precious metal) can be divided into two parts – the value of the underlying metal and the numismatic value of the coin. The numismatic value of a coin will also depend on factors such as rarity, antiquity and condition, which are subjective. The first question – the value of the underlying metal, is relatively easy to...

Most people start collecting coins when they find an interesting coin in their pocket change or have some coins left over from an overseas trip. In some cases, the numismatic journey starts with a few old copper coins found with a grandparent. A few lucky ones get to inherit collections – either from an older sibling/cousin or a relative. Regardless of where you start, as in any journey, the direction is more important than speed. So you want to collect coins. What are the dos and don’ts? Collect what interests you You will be spending a lot of time and...