The Meaning of Wealth to the Numismatist

In order to understand what wealth can mean to a numismatist, it’s a good idea to start by defining numismatics for those of us, who have not come across this term before. The definition of numismatics is the study or collection of coins, money, and often medals. Therefore, a numismatist is the person who studies or collects coins, money, or medals. Numismatics did not start as a unique field of study until during the European Renaissance, when archaeologists would utilize coins as consistently datable evidence. This meant that numismatics could work as a parallel science to history, because the coins would often demonstrate the political, social, economic and cultural elements of a country, as depicted by the inscriptions, images and features of the coins. Numismatics can provide its followers with unique opportunities to invest in rare coins, which are a safe and highly investable market, a discussion point worthy of note later in this article, together with an invitation to join a Numismatic network. Therefore, as fascinating as it is to study this science from its different aspects, it is even more interesting to first review the following story of ancient Bactria (now known as Afghanistan and the former Soviet republics of Central Asia), which highlights the immeasurable wealth of numismatics and provides a colorful background to this science.

Ancient Bactria from a Numismatic Perspective:

Back in 330 BC, Alexander the Great and his Macedonian army sought to conquer ancient Bactria. It was arguably his most arduous campaign and the 13,000 Greek soldiers, who were left behind by Alexander to colonize the lands found their task very difficult. For those soldiers who did actually remain, they faced the amazing prospect of connecting the existing, disparate cultures of India, Iran, China and Greece. Unfortunately, this extraordinary story of transition in Bactria after Alexander the Great left has sadly disappeared. Enter the numismatists! Thanks to the conscientious efforts of numismatic experts and amateurs from all over the world, starting predominantly in 1738 onwards, ancient Bactria has been resurrected through the discovery of its ancient coins. These many thousands of unearthed coins depict the names and images of nearly 40 monarchs who ruled Bactria and India, following Alexander’s departure. It is worth remembering that Alexander the Great spread the use of coins amidst his various kingdoms. In this instance, one can safely say that “Money talks”, because these precious coins have brought to life ancient monarchs including Antimachus (“The God”) and Agathocles (“The Just”), who would have remained unknown had these coins not been found. Even today, numismatists are still discovering new coin types, sometimes displaying images of known kings and sometimes with images of unknown kings. The coins provide an expressive testimonial to the political, social, military and religious life of the people, who made these coins, which enables historians to piece together life in Bactria. Undoubtedly, a numismatist would argue that each coin represents a text. Even so, this socio-cultural complexity presents our historians with an ever-challenging task of collating the history of Bactria into some semblance of order. Assuredly, the numismatist will state that through the silver and gold of these ancient coins, the Bactrian history during the period of the Greek colonization can be told from start to finish. Such a statement illustrates that numismatics provides wealth from another perspective, namely, a wealth of knowledge about an ancient civilization.

Numismatics and Wealth from the Modern-Day Perspective:

In modern-day society, another meaning of wealth to the numismatist is the investment in rare coins, simply because it can be very profitable. In America, as soon as coins were produced domestically, coin collecting took place. Certainly, the investment in rare coins is considered a sound investment and such investments are even featured in the Wall Street Journal and Money Magazine. For capital appreciation purposes, financial planners recommend that a portion of a person’s wealth should be invested in rare coins and precious metals. Having a portfolio of rare coins and/or medals is not only aesthetically pleasing, but also, on a long-term basis, guaranteed to represent a very safe investment, as there is always an inherent demand for rare coins. The definition of “rare” from a numismatic point of view can mean a relatively low mintage, a relatively low survival rate or simply a demand for a particular coin. As coin collecting has been around since ancient times, it was inevitable that the growth of numismatists would lead to the establishment of the American Numismatic Society in 1858.

Most people who are interested in numismatics are keen to know how much it costs to invest in a rare coin. In America, the cost of a rare coin can start from $ 300 to $ 7,000,000. As scary as this may appear, it has to be added that the general price for high quality rare coins is from $ 1,000 – $ 25,000. After all, there are few people who can afford to invest hundreds of thousands of dollars in a rare coin, but there are many of us who can manage to acquire an affordable portfolio of rare coins. Once we understand the cost, many people would like to know where rare coins can be purchased.

Rare coins are often for sale through private dealers, auctions, coin shows or expositions. Certainly, attending such auctions or coin shows can help the novice numismatist to find out more about the value of coins and can increase one’s knowledge of numismatics. Once an individual has bought a rare coin, it is satisfying to know that rare coins are more liquid than other collectibles, such as, art or stamps. If a motivated seller wishes to sell a rare coin, then he can expect to sell it within hours or within a few days at the most. In America, the IRS does not need to be informed of purchases or sales by rare coin dealers and rare coins and bullion perform better when inflation is on the rise. All of this information serves to demonstrate that rare coins are an excellent investment, which can assist the numismatist in wealth acquisition. In brief, a single, small rare coin can have a concentrated wealth of thousands of dollars, tens of thousands, or even millions of dollars! There are few collectibles that can boast this type of value. It has been said that over the past 40 years, rare coins and bullion have reliably and consistently out-performed almost every major equity index, even amidst worrying economic conditions.

Conclusion:

Numismatics has an appeal on many levels, but especially because it has helped to piece together the background of ancient civilisations including Bactria. Additionally, the numismatist can acquire a very pleasing collection or portfolio of rare coins, which is rarely dented by adverse economic conditions.

For all of the above reasons, now is the time for the discerning individual to take a look at numismatics from a wealth-creating perspective. The opportunity to join a numismatic network online marketing system is now available. The starting point is at http://www.numispartners.com/, where you can review a simple, automated system, which is guaranteed to help you build a world-class, home-based business, centred on numismatics. As we have already discovered, there are many unique and amazing reasons to get involved in numismatics, with possibly the act of wealth-creation being the number one reason. Therefore, the Numis Network gives the interested individual all of the tools and support necessary to succeed in this unique and rewarding business, so you are invited to join at http://www.numispartners.com/.