Interested in collecting coins? These five facts will get you started!
- Who was the first person to collect coins?
- What are coin collectors called?
- What makes a coin valuable to collectors?
- What was the first animal to appear on a circulating coin?
- How long does a penny remain in circulation?
The earliest recorded coin collection belonged to the first emperor of Rome, Augustus Caesar. He lived from 63 B.C. to A.D. 14. That is over 2,000 years ago!
A person who collects coins is called a numismatist (“noo-miz-ma-tist”). Numismatics (“noo-miz-ma-ticks”) is the study and collecting of things that are used as money, including coins, tokens, paper bills, and medals.
A coin’s value depends on its age, rarity, condition, and the metal it’s made of. The harder a coin is to find and the more people who want it, the more it is worth. Cha-ching!
An eagle appeared on a circulating coin in 1794. The second animal featured on a circulating coin was the bison, also called a buffalo. It was on the nickel from 1913 to 1938.
On average, a penny remains in circulation for 40 years. Talk about getting your money’s worth!