Five Facts Every Coin Kid Should Know

Interested in collecting coins? These five facts will get you started!

  1. Who was the first person to collect coins?
  2. What are coin collectors called?
  3. What makes a coin valuable to collectors?
  4. What was the first animal to appear on a circulating coin?
  5. How long does a penny remain in circulation?

Who was the first person to collect coins?

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!

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What are coin collectors called?

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.

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What makes a coin valuable to collectors?

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!

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What was the first animal to appear on a circulating coin?

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.

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How long does a penny remain in circulation?

On average, a penny remains in circulation for 40 years. Talk about getting your money’s worth!

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