The Coin Shop

Free postage for orders over $300

4%
January 3, 2022

6%

The Coin Shop is your source of numismatic collectibles providing an accessible resource to add to your collection. The shop is owned and operated by Queensland, which adds to the charm and character of the Coin Shop. Our dealers consist of avid coin collectors who appreciate the timelessness and beauty of coin collections and rare coins. We are also a Member of the Australian Numismatic Dealers Association (ANDA), with our supply including rare and difficult-to-find coins.

We provide collectors with a variety of numismatic collectibles. Whether you are a new or seasoned collector, you are sure to find something that will strike your fancy. This is a unique place full of character, history, and abundant coins.

History Of Coins and Collectors

The coin collection started more than 2000 years ago, soon after the invention of coinage. Historians believe that people began using coins around 650 B.C. some of the earliest coins are believed to be hoards. Without banks, people usually kept the coins of greater value to themselves, such as those with higher gold or silver content. Based on their artistic beauty, some coins were retained the longest.

Collecting coins as a hobby began in the 16th or 17th century. The fact that at this time, only the wealthy people would afford the coin collecting pursuit was known as the ‘hobby of kings.’ Nearing the end of the 18th century, a more systematic approach to collecting and studying coins was adapted. At this time, coin collecting was starting to be a leisure and hobby pursuit of the emerging middle class, eager to prove their sophistication and wealth.

In the 19th and 20th centuries, the coin market expanded to include antique coins as well as exotic and foreign currency. It was during these two decades that trade associations and coin shows emerged. In 1962, the coin collectors held the first international convention.

Today, coins attract millions of people of every standing and age. This shows that in contrast to the initial upper-class origin, coin collecting is one of the most open hobbies with entry-level price points that even teenagers can afford.

Hobby Collectors

For the long time that coins have existed, individuals have been collecting them. Today, coin collection is a satisfying hobby for many people and can be enjoyed relatively cheaply and easily.

Creating your personal coin collection based on region, denominations, type, or era can be a lot of fun. Whether it’s the pursuit to find the next coin to add to your collection or you require the final coin to complete your collection, this will be an excellent experience.

Coin collecting is a fun hobby that everyone can enjoy. There are countless individuals, families, and collection communities who all share a passion for coin collecting.

Investments Collectors

Coin collection provides a great investment opportunity because they can be traded at your leisure. Investors have a significant interest in the profit-making potential hobbies of their coin collection hobby. Just like some people invest money in the stock market, others make investments in high-value rare coins hoping that the rising coin market will offer great returns. Investors buy coins depending on their condition and scarcity regarding uncirculated coins collection.

Whereas some coins generate much higher yields in short periods, Bank interest for coins is often very low, about 1%. Today, the age of accessing superannuation funds continues to rise. Therefore, investors with an extensive coin collection might help the collector retire sooner.

Advice For Beginners

Beginners getting into coin collecting should consider these tips before getting into a hobby or investment. First, you should ensure you conduct extensive research before you purchase coins. Secondly, while coin catalogs offer a baseline for the coin values, the market always finds its own level. Before investing, check out the past auction sales and the current buying trends to find out what’s hot and what’s not.

If you’re an investor expecting to sell your collection later to make a profit, it is essential to think about what the future generations collectors would like to purchase from you. Additionally, it’s imperative to gear your coin collection to generate that significant tangible link and make your coin collection more desirable. For instance, millennials may not relate to pre-decimal currency as it is well before their time. However, colored or themed coinage may be more desirable and easier to sell when the time comes. This will give the investor a higher probability of making profits in the future.

As a beginner, you should always invest responsibly and within your financial means. Not all coins will increase in value, so be prepared to take a loss if the coin you invest in does not perform as expected. It is hence advisable for beginner collectors; it is advisable to collect products they enjoy without high expectations of making profits because investing does not need capital and knowledge.

Tips

Generally, you should follow tips as a coin collector, whether as a beginner or an expert.

The first tip to consider is conducting your research before you purchase anything. Additionally, keep up to date with the current market trends, upcoming releases, and the Royal Australia Mint mintage figures.

Proper coin storage is vital in maintaining its value. You should hence invest in a quality archival storage container for your coins. This is essential in ensuring your storage sleeves, pages, and others are PVC-free to prevent damaging your coins. We all want the coins in the best and original condition possible.

Last but not least, you should never clean your coins. Washing your coins will cause instant devaluation to the coins and make it extremely hard to sell them. The coins are of the highest value in their original and untarnished form. However, if your coin is tarnished and of significant worth, you could consider submitting them to PCGS for professional coin restoration.

At the Coin Shop, we are always looking for rare and new coins to offer our customers. With our collection constantly expanding, browse our store to find the most fantastic and latest Numismatics collectibles. We are looking forward to meeting you!

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