If you’ve started a coin collection, then your accumulation of coinage has probably developed a specific focus. You might not even know it, but you most likely fall into one of the particular collector type categories. Below is a quick breakdown of why people collect coins and their different acquisitions.

Why Do People Collect Coins?

There are a variety of coin collections out there. Their depth usually depends on how involved the individual is in finding new coins. A casual collector is someone who discovers new change simply by chance, but on the other end of the spectrum, there are specialists, who focus on finding a specific type of currency from a particular part of the world or that has a unique theme. In between, there are the hobby collectors, who regularly buy coins from mints or dealers, and generalists, who accumulate different types of change from all countries and time periods.

What Are Specialty Collections?

Type

This collection is one that contains an example of every coin from all denominations, metals, and designs. Collectors that focus on type will often purchase samples from a series, century, or mint mark.

Error

Although the value of a coin can decrease when its quality or condition is negatively affected, minting errors can increase its price. A coin error collection focuses on finding these rarities. They could have problems including double dies, being partially struck or not struck at all, or a clip from the minting process.

Novelty

Sometimes coins are altered after the minting process to give them a “novel” quality and make them stand apart from other change in their series. While these collections could hold some incredibly valuable pieces, many people start novelty collections for sentimental reasons or sheer appreciation for the artwork involved.

Whether you are ready to update your coin collection or part with a few, visit R & S Rare Coins, in Cabool, MO. They have a trusted reputation for providing fair prices for rare coins and will offer you cash on the spot. For any questions about a specific currency, call them today at (417) 962-5213. You can also go to their website to learn more about their gold and silver buying services.