The History of Coin Collecting in the UK
The History of Coin Collecting in the UK
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Home Page > Hobbies > Collecting > The History of Coin Collecting in the UK
The History of Coin Collecting in the UK
Posted: May 14, 2010 |Comments: 0
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When it comes down to it there are really two types of coin that exist in this country. There is the coin that is legal tender (the ones we use every day) and the coin that is worthy of being collected.
Many people throughout the UK look out for a coin or two to add to their collection, and there are plenty that fit the bill. From the most recent example of the newly designed coinage that has found its way into the pockets of the nation, to the historic type of coin that dates from many years ago, there is a lot for the avid coin collector to consider.
As far as UK coin collecting is concerned, there has always been a strong association with royalty on every coin that has been released over the years. This is one of the main reasons why collectors enjoy what they do – it provides a distinct link with history in more than one way in the UK.
Even today there is the occasional find that dates from many years ago. A good example is the silver coin from 211 BC that surfaced in Leicestershire in the year 2000. Alongside these rare finds the history of coin collecting covers a lot of other ground as well.
For example a notable period in British history was the abolition of pre-decimal currency in 1971. As soon as the new currency came in, every previous coin ceased to be legal tender. For some people this provided them with an opportunity to save some for posterity. One notable feature of the new coinage was the words ‘new pence’ that appeared on them. After ten years this was deemed to be no longer necessary to distinguish old from new, and so the message disappeared.
If we bring things right up to date we can find a whole range of coinage that is produced specifically for collecting purposes. This is in direct contrast to the way things used to be. For instance when decimalisation came in there was no push to make the old coinage into sets that could be preserved.
Now though you can purchase a specific commemorative coin or a complete presentation set of many different kinds. One example is the sovereign, which is available as a quarter, half or full sovereign coin. These are indicative of the fact that many of today’s collectable sets are issued in limited numbers.
So if you want to start a coin collection you have two choices. You can either look for individual coins yourself to try and find rare ones, or you can buy complete sets from dealers or other venues. But either way you will be able to continue the chapter of coin collecting in the UK that looks set to continue for a long time to come yet.
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Paul Buchanan writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.
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