Coin collectors and dealers collect metallic money that is rare, old, unique and which has historical significance. The rare ones are collected by historians and artisans because they can find more information like geography, artistry, philosophy and the culture to which the buck belonged. Historians can analyze them by looking at them. Artisans are interested in finding out about their uniqueness, design and beauty.

The value of the rare ones is always higher, especially if the demand is high. If they are scarce in circulation, the demand is high which in turns raises the value, but abundance of the same in the market, means a lower value. In ancient times, kings and Aristocrats produced coins with their faces printed on them to leave a legacy in history. The collectors weren’t able to judge the face value of the same.

Read (more…)