It is the simple fact that old coins were often made from precious metals, such as gold or silver. Old coins can often be worth more melted down than they would if they were spent like regular change. However, the fact that they are still stamped coins makes them even more valuable. And their value is only enhanced even more by the fact that they have been around for a while.
If the old coin is rare its value is much higher. The fact that coins are old tends to make them rarer. The older a coin is, the more likely that people have exchanged it for more modern currency and the more likely that the government has gotten a hold of it and melted it down. In fact, most governments have specific legal requirements to destroy old coins in order to keep the money supply modern, making it more difficult for coin collectors to find old coins.
Precious Metals and Coin Values Some coins are made out of precious materials like gold bullion or platinum. These coin values are less volatile because the worth is guaranteed in part by the material. A gold bullion coin, for example, is usually worth more than its melted weight, but it is never going to be worth less.
However, coin collectors don’t just look for old coins because or their value. The old coins are also unusual and provide a connection to people who lived long ago. Having an old coin in your hands, you are holding the same coin that was passed from hand to hand one hundred, one thousand, even two thousand years ago. They are pieces of history. What you see and feel in your hands is exactly what your forebears saw and felt.
|Lynden Sears shows some of his coin collection|
|An old coin of India|
While old coins can be good investments, they are much more than that for a coin collector. They are windows to long gone pasts and forgotten times. They are connections to people who have lived all manner of lives and done things both great and small.
|Old coin market on Indian street|
So when you see old coins, remember that many people have worked to earn that coin and they have all, at some level, appreciated its presence in their lives. So enjoy those old coins that you collect and appreciate them for the fact that they could fill entire books with the stories that they have to tell.
|The coin collection album|