There’s a lot of enjoyment and satisfaction to be gained from the hobby of collecting coins. However, coin collectors have various reasons for taking it up. All of these reasons are completely valid, but your motivation for collecting may affect your approach, e.g., whether you buy coin rolls or look for individual pieces.
Perhaps you have collected coins for years without really thinking about why you do it or what makes it enjoyable for you. It can be interesting to examine the different types of collectors to find out which category you fit in and what that says about you.
If you are an admirer, you collect coins because of their beauty and unique designs. The coin’s monetary worth and investment potential is of secondary importance to you, if you consider it at all. You value the coin as a work of art.
You probably take care to display your coins in a way that will protect them from damage, not because you are worried about hurting their value but because you want them to maintain their attractive appearance. Even if you have coins that are valuable, you would probably never sell them because they mean more to you than money. Conversely, you would never purchase a coin unless it appealed to you with an interesting design or emotional appeal. You don’t buy coins you don’t want merely for the sake of completing a set.
2. Capital Connoisseur
If you collect coins primarily for their investment value, you are a capital connoisseur. In a sense, you are the complete opposite of an admirer. You may appreciate a nice design, but your primary concern is the intrinsic value of the coins that you purchase. You are focused on investment for the long-term, perhaps even creating a legacy that you can pass down to your children.
You are probably less interested in displaying your coins than you are in protecting them from any elements that may hurt your value. Instead of hunting around for rare and special coins or looking to complete a set, you are more likely to purchase bullion, which gives you peace of mind that its value will remain fairly constant.
If you’re a curator, coins are not your primary interest. Rather, you have some other hobby that you’re really passionate about, such as history, sports, comic books, etc. You are therefore only interested in coins that relate in some way to your primary interest. In other words, if you’re a sports enthusiast, you may be interested in a coin that celebrates the life of a noted athlete, or if you enjoy comic books, you probably want to purchase a set that features your favourite superhero.
As a curator, you’ll probably go to great lengths to acquire all the coins in a set that interests you so that it can join your larger collection of memorabilia. However, the value of the set to you is dependent upon your continued interest in the larger hobby. If you ever lose interest, you might not think twice about selling your coin set to someone else, as long as you know that he or she will appreciate it.
4. Treasure Hunter
As a treasure hunter, you derive the most pleasure from obtaining rare coins. If it is valuable or has a pretty design, so much the better, but what you really enjoy is the thrill of the chase, winning out over others and taking the prize home. Because you like being one of the elite few to own a coin, you look specifically for those with low mintages, and you get really excited if they sell out.
Coin Rolls, Collectible Sets, and More
Colonial Acres Coins caters to every type of collector. View Canadian coin rolls, Royal Canadian Mint collector’s sets, bullion, and unique pieces from around the world. Once you find what you’re looking for, place your order right from our website.