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Coin collecting is described as the collecting or trading of coins and other forms of legally minted currency. Collectable coins, include rare coins that were in circulation for only a brief time, coins that were minted with errors and foreign coins. Numismatics, a related field, is the study of currency.
In addition to a hobby, precious metal coins can play an important role in the well diversified portfolio, as a hedge against inflation.
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Exonumia focuses on the study of coin-like objects such as medals, commemorative coins, token coins, and related items used in place of legal currency. This category includes, souvenir medallions, counterstamped coins, elongated coins, wooden nickels, encased coins, tags, badges, and other similar items.
Russian Coins Phenomenon
Author: Alex Kotov
Reading latest news you could see titles like “Sale of Russian Ruble Paves the Way in Goldberg Coins Pre Long Beach Auction”, “Russian Ruble (1714/3 PCGS EF-45) fetching $46,800” and going through Russian Coin forums, you will see topics, such as “Russian Coins Prices are MAD” and “This hobby is becoming too expensive”.
Russian Coin market has exploded this year! The prices for most quality Imperial Russian Coins (pre 1917) has grown 100% and keep going up. Coin Dealers are confused and if you call most of them you will hear the same answer: “We don’t have any Russian Coins in the inventory right now. Russian Coin Market is hot.” ...read more
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