Types of Coins to Collect

By: Simon Wright

People have been using coins for centuries, so it's easy to understand the historical fascination in collecting them. Coins provide an interesting cultural insight, plus they are shiny, pretty and small enough to be easy to collect and display. There is an amazing variety of coins that are available to collect, so one of the main tasks that a budding coin collector must face is: what types of coins to collect?

Collecting coins by country

A common strategy for coin collectors is to attempt to obtain coins from as many countries as possible. Coin collecting often starts in childhood, and kids love being able to add to their collection when they return from an overseas holiday. Friends and family members can be easily encouraged to contribute to the child's expanding collection. Later in life, the coin collector can use online auction websites, such as eBay, to further expand their collection of international coins. Obtaining coins from countries that no longer exist -- such as Czechoslovakia or Yugoslavia -- can be particularly appealing!

Specialist interest collections

Some coin collectors like to narrow down their focus, and one way to do this is to choose a particular theme on which to base a collection. A common example of this is to collect sports-related coins. As an example, soccer-related coins are often issued by nations who are hosting the soccer World Cup. Alternately, you might decide that you particularly like coins that feature depictions of animals, flowers or celebrities from particular walks of life.

Rare coins

All coin collectors salivate at the thought of picking up a truly rare coin and, for some collectors, this becomes the holy grail of their coin collecting hobby. This may mean focusing on very old coins, or coins that had a very limited circulation. The fact that the coins are rare means that the quest to find them can often require a lot of research and tenacity, and the prices that need to be paid may sometimes be quite substantial. The reward of owning a rare coin, however, is priceless.

Collecting local coins

For many beginner collectors, the coin collecting passion starts with a money box and the pocket money they are given by their parents. Perhaps some of the coins look particularly appealing, or the child sees that the coin is quite old and keeps it aside rather than spending it. This can lead to an interest in collecting coins of different denominations and then going back to see if older coins can be collected. Creating a coin collection that is focused on coins from your country or locality can be extremely rewarding, and avoids the need to have access to international coins.

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