Does Coin Collecting Ever Actually Pay Off?

People collect coins for different reasons, but there are typically two goals in mind for those who do. Some do it for the love of coins and collecting them, and it is a hobby for them. Many of the coins they purchase are never worth much more than the face value of the coins and/or the amount paid for them.

Others collect coins as a means of investing into something that will bring a return on the investment. They might also enjoy coin collecting as a hobby, but their primary focus is to make money in the venture. Investment coin collectors purchase most coins with the intent to sell them at a future time.


These are both legitimate reasons for coin collecting, and both can have positive results. There is a story of a collector who kept his coins in a bank vault, and they remained there until he died. None of his family members had an interest in coin collecting, so they were unaware of his coin collection.

As it turned out, the collection was a rare and valuable one and it brought a great return when auctioned off, even though the family was not in dire need of the money it brought. This particular collector simply loved old coins and it was a hobby that also turned out to be a profitable one for this particular collector’s family.

The history of coin collecting over the past 25 years shows that a high return of investment is not typical as with other types of investments. Coins do increase in value, however, which means most wise coin purchases usually increase in worth as time goes by.

Rare coins held for a long time most always bring a premium price when sold. Some coinage might be traded more often to keep a collection more interesting for the hobby collector. A collection with no new coin additions can become a bit boring. If the collection was started without coins of much value, then coin additions are essential if you want the collection to increase in worth.

A knowledgeable coin trader will locate coins at places like estate sales, where the seller may have minor if any knowledge of what the coins may be worth. Many families put coins aside as collectibles and pass them down from generation to generation. Knowing which ones will bring a profitable return in the future increases the value of such a coin collection.

Some people who were not even coin collectors have lucked into rare and unusual coins that were worth a lot of money. It is a good idea to learn a little bit about coin trading so you can sort through the change you receive when you buy something with cash.

So, does coin collecting ever pay off? In some instances yes, and in others no. It depends on many different things. A person who starts a collection may never see it pay off, but as it is sold or handed down to another generation it might someday return a nice sized profit as has been evidenced in many coin collections. For any individual who loves collecting old coins, the hobby can be fun and also bring some return on investment at the same time.

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