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Coin shows are events where coin collectors and coin dealers attend to buy, trade and sell coins. [1] In addition to coins, dealers also sell paper money , books and tokens. Like other hobby shows, a show hall is arranged with aisles and tables where coin sellers can display their coins.
Speculators may also buy common circulation coins for their intrinsic metal value. Coins without collectible value may be melted down or distributed as bullion for commercial purposes. Typically they purchase coins that are composed of rare or precious metals, or coins that have a high purity of a specific metal. [23]
Many history and cultural museums have large numismatic collections (coins, money, and tokens). Some museums are specifically dedicated to the history of money or coins, while others have major collections amongst other material. Many small museums often have important collections of coins from their local area or important archaeological sites.
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Together with several thousand coins donated to the University of Michigan in the 1880s, these objects formed the core of the university's archaeological collections. [5] Kelsey continued to acquire objects (by gift and purchase) for the university until he died in 1927. [5]
The GreatCollections.com website launched in late 2010, facilitating the sale and purchase of coins and paper money in online auctions. [6] It has since become well known for auctioning rare examples of American currency, [7] [8] such as the Cigarra Collection, [9] and a collection of Indian Head nickels that sold for over $500,000. [10]
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