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Can You Really Make Money Collecting Rare Coins? — One Recently Sold for $59,000!
If you’re like many people, you might have found yourself browsing through the collectibles section at your local antique store, wondering if there are any hidden treasures that could be waiting to make you rich overnight. One such potential treasure could be rare coins — so can you really make money collecting rare coins? Today, we’ll find out! Rare coins are one of the most popular collectibles out there, but there’s a bit of a disconnect between what they cost and how much money people make by collecting them. The reality is that many coin collectors don’t actually make money by collecting coins — but some people do! If you’re considering getting into the rare coin market yourself, it’s important to understand what the different routes to success look like, from buying rare coins at auction to making long-term investments in certain types of coins to building your own coin collection and hoping it increases in value over time.
The study or collecting of cash, including coins, tokens, paper money, and related artifacts, is known as numismatics. While numismatics might refer to amateurs or hobbyists, it also refers to experts in the field. Numismatics can be studied for profit as well as for historical, artistic, and cultural purposes. Numismatists study the physical characteristics, manufacturing…
