This article is from the archives of the UB Reporter.
Electronic Highways

Heavy metal

  • The ultimate showman, P.T. Barnum,
proved to be the inspiration for Cynthia Wu’s current book
project. Photo: DOUGLAS LEVERE

Published: December 9, 2009

Coin collecting has long been a popular hobby. Considering the beauty and artistry on coins, the value of coins, the precious metals used in coin-making and the worldwide availability and history of minted money, it is easy to see the many attractive aspects of the hobby.

The United States Mint produces the circulating coinage used in this country to conduct trade and commerce, as well as producing commemorative coins and medals. Worldwide, coins have been produced for commerce and in tribute for centuries. The figures, imagery and typeset on coins from around the globe usually are very meaningful and the intricacy of the images is an art form itself.

Coins are graded and valued based on many factors, including rarity, condition and metal content. Many have value well above the legal tender of their country of origin. Official price guides provide a good place for the novice collector to start his research. Professional coin graders offer authentication services for world coins and many specialize in rare and antique coins.

Accidents do happen when coins are minted, and collectors eagerly search for imperfect coins because they sometimes hold a greater value. These errors are found on coins around the world. Mishaps can result in strike errors, die errors, rotation errors and even mistakes in metal content, all changing the value of a coin.

Numismatic societies and associations exist nationally and worldwide to support interest in the world of coin collecting. Web sites, print and online publications abound.

The next time you receive change or go through the coin jar at home, take a close look at the coins. Toss them around in your hand to hear the different metal compositions. You just might find a rare and valuable coin!

Jennifer Brand, University Libraries