Collecting British Coins
Collecting British Coins can be quite a fun hobby, but it can also be a pretty expensive Hobby. Although you can pick up some bronze roman coins for about $2 a piece. But at the other end of the scale you have something like the 1933 penny which is worth about $50,000.
Firstly you need to decide where to start your collection. You can choose to collect a particular denomination from a particular date, or you could choose to collect a type set from a particular sovereign. There are quite a number of avid British coin collectors in Britain and United States. A good way to get information and learn more about collecting British coins is to join forums where you can talk to like-minded people who share your interest. There are also many weblogs on coin collecting full of useful and interesting information on this subject.
The most important thing is to remember to choose which coins you want to begin collecting, as it is worth remembering that Britain has had currency for over 2000 years now, so as you can imagine there have been a lot of different coins in circulation in this time, so it is important to have a focus.
Currently, the biggest selling British Coin was sold for a huge $920,000. This was the extremely rare Edward III double leopard dating back to 1344. Fortunately this coin had been left soiled which preserved the coin almost perfectly. Had this coin had been clean and exposed to the air, it would almost certainly have not been in the fabulous condition it was in.
Collecting British coins is unlikely to make you rich and wealthy, however it is a hobby that is enjoyed by many and can bring you on a fascinating journey through the British monetary system, with many treasured relics of the British past. Coins will generally be in the form of pounds, pennies and pence, or as they used to be known, shillings, guinea, halfpenny and farthings.
It is important to take into consideration when buying coins that you are getting what you paid for. It is important to be wary of sellers in flea markets, car boot sales, and general antique shops as there is always the chance the seller may be selling at high prices or selling problem coins to unwitting buyers. It is always advised to get the opinion of a knowledgeable professional.
The value of a coin can be based on many factors, for example the condition of the coin, the age of the coin and the rarity. However, often a coin is valued on the price that another collector would be willing to pay for the coin.
Written by Justin, Copyright 2008 CoinCollectorGuide.com all rights reserved and may not be republished in any form.
British Coins Market Values 2010
The Standard Guide to Grading British Coins: Modern Milled British Pre-decimal Issues (1797 to 1970)