Numismatics is a fancy word for what is basically the study and collecting of coins and currency. There is a large community of people truly fascinated in collecting rare coins as well as studying all forms of currency past and present.
A Numismatist would usually be a self-proclaimed coin nerd who would have full appreciation and research all aspects of coins, paper money and even medals.
Coin collecting would be slightly different in the fact that this type of collector would have more focus or enjoyment in gathering full sets of coins such as an Olympic celebration set.
Either way Numismatics is a huge and fascinating subject. If researched and done properly you could turn a hobby into a good investment. From limited edition collectors coins to minting error coins to royal mint coins, starting your own collection could become a great way to preserve your wealth over time.
If you are looking to make some quick cash or are simply looking to buy gold coins and have no real interest in the history of money, coins and currency then the world of Numismatics is probably not for you.
The premiums on rare coins can be much higher than a standard gold coin.
There is also potentially more fake rare coins around so you have to really know your stuff and be careful who you deal with when buying rare coins.
Make sure you buy gold and rare coins from a reputable dealer and check things like weight, discolouration, price and size.
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