No, you counter, coin collecting is for old fuddy-duddies. What’s the point? Aren’t the only coins we have these days digital cryptocurrencies, like Bitcoin?
Of course, that’s all the better reason to take up collecting old coins. Everything these days is fake, unreal, digital. But whether you take to silver coin collecting or gold coin collecting, there ain’t nothing like the real thing, baby.
So let’s take a look at some of the benefits of coin collecting—and collecting silver coins in particular.
1. Own a Piece of History
First of all, collecting silver coins means you get to own a piece of history.
Silver coinage is among the most common types of currency. Gold coinage, on the other hand, is rather rare—while spectacular, not much of it was crossing palms in everyday trade exchanges.
But from the denarii of the sprawling Roman Empire to the Morgan silver dollars of the Old West, you can bet silver coins participated in just about every era of human history.
2. Make Some Money
Are silver coins valuable?
The short answer is yes. And that means you can actually make some money from your hobby of silver coin collecting. This is one of the most obvious coin collecting benefits.
Most coins increase in value over time. Plus, silver is one of those precious metals that’s always increasing in value. That’s why your silver coin collection is likely to steadily increase its price.
And if you need to make some extra money, you can always trade them to buyers like American Precious Metals.
3. A Worthy Challenge
Collecting silver coins is a fascinating and exciting challenge.
The pursuit of rare and unusual coins, or finding a valuable coin at a decent price, is often worth the effort alone. In fact, that’s why many people take up coin collecting in the first place—a worthwhile challenge to pique their interest.
4. Learn About History
This is related to our first reason.
While you’re busy buying a piece of history, you’re also learning about history. The educational aspect of coin collecting is one of the most overlooked parts of the whole hobby.
Once you start chasing Greek tetradrachms and Ptolemaic staters, Persian sigloi and Spanish dollars, you’re learning about the most fascinating periods in human history without even knowing it.
5. Pass on Something of Value
Finally, coin collecting possesses an intergenerational value.
Inflation is a growing menace, and as cryptocurrencies and credit cards have taught us, actual money—whether paper or metal coins—is in danger of becoming extinct.
But collecting silver coins means accumulating something that can be passed down through the generations. It’s an important investment in real objects that are only likely to accrue value over time.
Why You Should Begin Silver Coin Collecting
The benefits of coin collecting are numerous, and silver coin collecting is a great way to begin.
As a hobby, it can be lucrative, educational, and just plain fun. So stop thinking about starting a silver coin collection—get out there and start collecting today.
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