Coin collecting is said to be the "Hobby of the Kings." Coin collecting is different from money collecting. Collecting coins as an art form can be traced back to the 14th century. Today, people all over the world are collecting coins. Some collect it for their value, some just for the fun that they get from getting their hands on coins.

Most coin collectors, start out as informal coin collectors. They are leisurely collectors which do not have a specific goal in collecting coins. They collect coins from different countries or from different time periods as opposed to
an advanced coin collector who will collect coins with a specific target in mind. He may want to collect coins from a certain nation, or a certain time period. Many coin collectors would want to collect coins from a certain country during a certain period of time. This kind of coin collection lets the collector travel around the globe through the coins. People may want to collect coins from countries they had visited.
Another way of collecting coins is by taking history in mind. Many coin collectors engage in collecting coins during a certain period in history such as wars or Declarations of Independence.

Error coins

There are people who find coins with errors because these kinds of coins are rare now.

There are many ways to collect coins. One must feel the urge to obtain a hobby first before he decides whether to stick with it or not. Coin collecting can require certain amounts of money and the collector must be wise in engaging in such a hobby.

Numismatics today is a hobby that many people enjoy. One of the most cherished and most valuable collections that anyone can ever have are those of gold coins. The most expensive gold coin ever bought was worth around eight million dollars. This was the American 1933 Gold Eagle. This is why the collecting of gold coins deserves to be called the hobby of kings.

Since gold coins are no longer in circulation, the price for one of this rare commodity is quite high. Gold is now used for other things such as jewelry or plates that people retain as an investment.

Since gold coins can no longer be used to purchase merchandise, most coin collectors just keep them to remember that people had once used them.

A lot of people keep gold today as an investment because they assume that the demand will cause its market value to increase. Others hold it as a form of insurance should the financial situation become worse. Even billionaire Soros recommends investing in gold, including buying gold coins this days. Soros is so good at understanding the economy, he was even able to drug down 12% British pounds and make more than 1 billion in one day! This is why when he speaks about economy, the whole world is listening.