Every family has a coin collector, or had a coin collector. And every coin collector has undoubtedly clogged closet and garage space with their vast numismatic treasures, leaving the family to have to deal with the coins of the coin collector when the coin collector loses interest, or, in unfortunate cases, the coin collector moves on from this world. A coin collector is a different breed from your every day average collector of things. This is true because the coin collector has always found an appreciation in money and things that will generally have some kind of value. For example, the coin collector who collects American coins and currency has held on to things that will never lose value below that of their face value.
Unlike other items collected, that move in and out of fancy with the times, a coin collector can have real faith in knowing that, in being a coin collector, his or her coin collection will likely be worth more than just the time and money put into it. A coin collector who became a coin collector in the 1960’s or earlier likely picked up every day, circulated coins that had silver in them for at or close to face value. Based on the silver content, the coin collector did very well considering that nowadays even the worst or most common examples of those coins would be worth considerably more than just their face value. A coin collector who became a coin collector in the 1950’s likely was able to pick up American silver dollars for just their face value as well. And if the coin collector passed these coins down to his relatives, they could find some serious value as these silver dollar coins, provided by that relentless coin collector, commonly trade for more than ten dollars each, and some cases much more than just that.
Sometimes, that coin collector member of the family can go misunderstood and often times other family members find themselves confused as to why the coin collector is so ardent in his approach to being a coin collector and holding on to old coins and currency. What most people don’t realize is that the coin collector is doing a big favor for the rest of the family just by being themselves, a true coin collector.
Even the coin collector who saved thousands of Lincoln Wheat pennies from back in the day has doubled their overall investment, as those coins commonly trade for two cents each on the open market today, making being an old fashioned coin collector a very profitable hobby to have undertook. And that is, of course, if the coin collector didn’t manage to come across one of the key dates of the Lincoln Wheat penny series. If they did, you might just be owing a huge thanks to that coin collector as they might have put some serious money into your pocket.
