Coins Paper Money Or Stamps

Coins Paper Money Or Stamps



What should you collect as​ a​ hobby; coins,​ paper money,​ or​ stamps?

Which is​ the​ best investment?

It’s strange that some people who collect coins,​ paper money,​ or​ stamps,​ always want some kind of​ return on​ their investment. These are the​ same people who think nothing of​ buying a​ new car and then selling it​ a​ few years later for a​ fraction of​ what they paid for it. a​ new car loses value as​ soon as​ you drive it​ on​ the​ road!

As for investing in​ paper money,​ if​ someone is​ buying notes and thinking how much will they be able to​ get when they sell them again,​ this person has the​ wrong hobby. Enjoy collecting for the​ pleasure and for the​ fun of​ it.

Coins and stamps are tangible reminders of​ years gone by. Yet,​ while coin collecting is​ flourishing as​ a​ hobby,​ stamp collecting is​ decreasing in​ popularity. Many families who inherit stamp collections are more interested in​ getting the​ collection appraised than continuing the​ collection. You can’t collect something if​ you don’t know what it​ is.

Stamp collecting dates back to​ 1840,​ when the​ first stamp was issued in​ England. One of​ the​ earliest indications of​ stamp collecting is​ an​ advertisement from an​ English newspaper in​ which a​ young woman wanted used stamps to​ wallpaper her room. Soon,​ post offices discovered stamp collectors as​ a​ good source of​ revenue. From there,​ stamp collecting took off.

There are no rules about stamp collecting. Some people collect stamps from a​ certain country while others focus on​ a​ particular theme,​ such as​ flowers,​ or​ ships,​ or​ buildings.

Unfortunately,​ stamp collecting has simply lost its appeal to​ younger people.

Coin collecting,​ on​ the​ other hand,​ is​ at​ its peak in​ popularity. Rare or​ modern coins offer history that collectors can hold in​ their hand,​ and every period from the​ past 2,​500 years is​ reflected in​ coinage.

Stamps disappear and become part of​ the​ ground. a​ coin can be dug up and,​ while new varieties of​ stamps are not really being discovered,​ new types of​ coins from all over the​ world are still being found. How many stamps or​ bank notes do you think you’ll find while out exploring with a​ metal detector?

Whilst improperly stored coins can degrade and lessen in​ value,​ paper money can be damaged by handling,​ sunlight,​ or​ water. All are subject to​ flood,​ fire,​ or​ other natural catastrophes.

A stock certificate with half of​ it​ burned away is​ just as​ good as​ a​ mint one in​ terms of​ its value on​ the​ exchange. in​ fact,​ as​ long as​ ownership can be proven,​ it​ often doesn't even matter if​ the​ physical certificate exists. the​ same can’t be said for paper money.

You can insure against these problems,​ and go to​ great lengths to​ maintain proper storage conditions,​ but all of​ this costs money and adds to​ the​ cost of​ the​ investment,​ often for many years before there is​ any return at​ all.

Today,​ coin collecting is​ one of​ the​ world’s most popular hobbies. Amateur collectors enjoy coins for their beauty and rarity. Added to​ this is​ the​ excitement of​ searching for and finding specific coins and the​ challenge of​ identifying new ones.

Why is​ coin collecting thriving and stamp collecting dying? Coins are still being used and are still fascinating. it​ is​ an​ investment as​ well as​ a​ hobby. Coins continue to​ go up in​ value while many stamps are at​ the​ peak value they will ever receive. Furthermore,​ many are going down in​ value.

Enjoy your hobby,​ and consider whatever you invest in​ it​ to​ be pleasure money,​ the​ same way you would count money you spent going to​ ball games,​ or​ dining out,​ or​ buying new clothes. Then,​ whatever you or​ your family get out of​ your collection is​ pure profit,​ whether it​ is​ more or​ less than what you originally paid.

After all,​ if​ you spend $20 a​ week going to​ the​ movies,​ you don't expect to​ get anything back for your $1,​000 a​ year collection of​ ticket stubs,​ do you?

I believe there is​ room in​ both the​ collecting of​ coins and paper money for both collectors and investors.

The important thing to​ remember in​ investing in​ coins or​ banknotes is​ rarity and desirability.




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