As different coins have come and gone from popular usage, coin collecting has remained both popular and lucrative. But what you may not know is that there is a fascinating history behind the hobby that all coin collectors should know about. This tale demonstrates not only the integral role coins have played in various civilizations, but also how they continue to fascinate new generations.

Coin Collecting: A Hobby for the Rich

Scholars have dated the first coins back to Greek, Chinese, and Anatolia civilizations. It is unclear which culture minted their coins first but, as modern history shows, this type of currency has remained a key piece of commerce.

Early coins were made of precious metals, meaning the first coin collectors were wealthy and hoarded them purely for their material worth. The first noted coin collector was Caesar Augustus of Rome, who gifted rare coins to his friends. Collecting, however, stayed relatively obscure until the 14th Century when it emerged again as a hobby for the wealthy. Italian poet Petrarch, Emperor Maximilian, Pope Boniface VIII, and Louis XIV were all notable coin collectors. The elite equated rare coin collecting to collecting famous works of art, so they proudly displayed their pieces and sought to preserve their rarity.

Modern Coin Collecting

The study of coins—known as numismatics—officially appeared in the 17th and 18th centuries. Rather than simply collecting, scholars also studied and documented the coins.

Additionally, rare coins became more accessible during this time, and collecting became a mainstream hobby. Scholars and other numismatists began hosting conventions, forming societies, and publishing books to create an organized community of coin collectors. They also created global valuations that coin dealers follow to this day. With these provisions in place, coin collecting became a hobby for individuals from all walks of life to enjoy.

Whether you are a seasoned coin collector or just getting started, the professionals at Coins Plus in Cincinnati, OH have all the resources you need. Since 1972, they have bought, sold, and traded rare coins, gold bullion, and more, and are proud to offer comprehensive appraisal services. They remain the city’s only National Award Winning and PNG Dealer, so call (513) 621-1996 today to speak with their experienced staff. To learn more about their services, visit them online, and connect on Facebook for frequent news and updates.