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It is said that it was the kings who actually could afford to collect coins as a pastime. But, then that was in the ancient world. It is believed that coin collections became a hobby for even the common man somewhere in the 14th century. The Italian poet and scholar, Petrarch, is said to have initiated the modern world coin collecting hobby amongst people.
However, the first ever international convention that was organized for those into collecting coins was held between 15th and 18th August 1962, in Detroit (Michigan). This event was sponsored by the American Numismatic Association in collaboration with the Canadian Numismatic Association. It is said that there were approximately 40,000 visitors at this convention.
There are various themes according to which people collect coins. These include :
- Country-based collections
- Year-wise collection
- Collections as per mintmark
- Variety-based collections
- Collections based on types
- Collections based on various subjects
- Composition based collections
- Period-wise collections
While coin collecting is a hobby for many, there are various types of collectors, as listed below, who make the most from their collections :
- Those who invest in coins to make profits later
- Those who hoard up and accumulate coins and prefer to concentrate on one or two type of collections, only
- Those who inherit coins
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