Wednesday, 20 June 2018

Hobby of Kings – Silver Coin Collecting

One man's junk is another man's treasure. It is in human nature to accumulate things but only collectors make it their hobby.

Silver coin collection is a serious hobby for many people worldwide. Coin collectors can start in childhood but only in older age they understand how profitably they invested their money. There are different reasons for people to start their collections and we call them differently: investors, who common reason for coins purchase is an investment; hoarders, who gather whatever silver coins they can get hold of, and inheritors, who acquire or inherit coins from another person.

Known as the Hobby of Kings, modern silver coin collecting is generally believed to have begun in the fourteenth century in Italy. European kings, princes and nobility used to collect ancient silver coins. They were attracted by the mystery and history of ancient Rome and Greece. The first denarius of Rome was made of silver Why silver? Throughout the history, silver bullion has served as a primary monetary metal, because it is durable, divisible, convenient, has utility value.

In Russia the collecting of silver coins began in Peter the Great's reign. Silver money in Old Russia was coined in four counties: Moscow, Novgorod, Tver and Pskov. Nowadays of all this money only 340 Old Russian silver coins are known to collectors.

Coin collectors sometimes begin by saving coins they receive in circulation but find interesting. Over time their interest may increase; started as a simple hobby, their silver coins can turn out to be an astounding collection.

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