What is a Numismatist? | What is a Rare Coin Collector Called?

What Is a Numismatist?

We deal with forms of currency every day as we buy and sell coins. Suppose you ’ re fascinated by the history of coins and currency, including the menstruation of its production, and you ’ rhenium tidal bore to delve into the details. In this case, you can consider yourself a budding numismatist. Learn more about the work of a numismatist, how numismatists differ from mint collectors, and what you can do if you ’ rhenium concerned in becoming one .

What Is Numismatics?

Close on silver dollar and other coins on wooden tableImage via Unsplash by aurazon
Numismatics refers to the study of the physical bearing of versatile payment forms, such as currencies. For case, when applied to coins, numismatics considers the research that goes into mint production, usage, and curio .
Numismatics comprises respective forte subcategories such as the follow :

  • Exonumia, the study of coin-like items, such as medals, used in place of currency.
  • Notaphily, the study of paper currency, such as banknotes.
  • Scripophily, the study of securities, such as stocks and bonds.

Are Numismatists and Coin Collectors the Same?

You may be confused about the difference between numismatists and individuals who are mint collectors. While the two deal with currency, not all mint collectors are numismatists.

Coin Collectors

Coin collectors aim to assemble a collection of coins, normally to create sets of coins or own certain types of coins. Coin collectors tend to be motivated by ownership of the coins themselves without delving besides far into the details of the area of origin or date. Hobbyist coin collectors are those who enjoy collecting coins as a leisure pastime .


Numismatists can be motivated to collect and meet mint sets like mint collectors. however, numismatists take a more historic approach to the coins they collect. They are matter to in knowing the coins ’ production period, the history behind the coins, and the mints where the coins originated. In this sense, numismatists are like currency historians who seek to study and preserve the cognition behind the history of coins and currentness .

What Is the History of Numismatics?

Stacks of coins in descending heightImage via Unsplash by angiejj
According to Investopedia, the field of numismatics began during the european Renaissance. The first english use of the parole numismatics occurred in 1829. The word derives from the adjective imprint numismatic, which means “ of coins. ” This condition traces its origins to the french bible “ numismatiques, ” which derives from the Latin word “ numismatis. ”

What Numismatic Societies Exist Today?

today, numismatic societies exist throughout the world. Examples include the Royal Canadian Numismatic Association, the Royal Numismatic Society of New Zealand, and the International Numismatic Commission .
The United States is base to three long-standing numismatic organizations : the American Numismatic Association, the American Numismatic Society, and the Professional Numismatists Guild .

American Numismatic Association

The American Numismatic Association traces its origins to Dr. George F. Heath of Monroe, Michigan. Heath desired to contribution his sake in studying his coin collection with boyfriend mint enthusiasts. In 1888, he published a four-page tract, “ The Numismatist, ” that listed his coin needs and described topics related to the study of coins .
In 1891, Heath, William G. Jerrems, David Harlowe, J.A. Heckelman, and John Brydon met in Chicago, Illinois, and founded the American Numismatic Association. Since 1891, the American Numismatic Association has expanded to become one of the largest nonprofit numismatic organizations of its type in the world. The association holds two conventions each year with exhibits, educational programs, and affiliated forte organization meetings .
The association maintains its headquarters in Colorado Springs, Colorado.

American Numismatic Society

Founded in 1858, the American Numismatic Society exists to promote the study of and public appreciation for coins, currencies, medals, and relate objects. The society ’ sulfur permanent collection contains more than 800,000 items dating from 650 B.C. to the present. Its numismatic library houses approximately 100,000 artifacts, books, and documents .
The american Numismatic Society grew in influence and recognition, thanks to the contributions of individuals such as Archer M. Huntington, who graciously underwrote the contribution of the land and the build that functioned as the society ’ s headquarters at the turn of the twentieth century. Edward T. Newell, a greek coins learner, besides directed the society ’ randomness work and left his solid personal coin collection to the administration .
During the latter half of the twentieth century, the company progressed to become the foremost numismatic research mental hospital existing in the United States. In addition to serving as a forcible repository for its huge numismatic collection, the American Numismatic Society has committed itself to offer scholarly resources and programs. It provides these programs to promote research in numismatics and encourages the use of its collections .
The society maintains its headquarter in lower Manhattan in New York City .

Professional Numismatists Guild 

Close on pile of American coinsImage via Unsplash by shotbycerqueira
Founded in 1955, the Professional Numismatists Guild is a nonprofit organization maintaining a diverse membership composed of the country ’ s lead rare coin and paper money experts. These individuals consent to personal background checks and a rigorous code of ethics in the buy and sell of numismatic items. They must besides guarantee the authenticity of the numismatic items they sell .
The Professional Numismatists Guild besides commits itself to uphold the highest standards of numismatic education and cognition. To that end, the club offers an internship program and a Young Numismatists Summer Seminar Scholarship Program .
The internship program connects interns with three-month placements at outstanding PNG member-owned organizations. Throughout their internship, interns gain hands-on experience and cognition of the elements necessity to pursue a career in numismatics .
The Young Numismatists Summer Seminar Scholarship Program awards a eruditeness to an aspiring young numismatist to attend the American Numismatic Association ’ s Summer Seminar held in Colorado Springs, Colorado. The seminar consists of six-day sessions that offer teaching on specific numismatic-related topics and business and technical aspects of numismatics.

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Where Can I Have My Coins and Currency Examined to Determine Their Value?

Americash Jewelry & Coin Buyers, Inc. has been purchasing coins and currency for more than 20 years. Our team specializes in rare coins and currentness such as aureate coins, proof sets, investment holdings, silver medal dollars, and U.S. currentness from 1934 and earlier .
Americash Jewelry & Coin Buyers purchases and sells coins and currencies graded by respect professional numismatic organizations such as the American Numismatic Association Certification Service, Numismatic Guaranty Corporation, Professional Coin Grading Service, and the Paper Money Guaranty .

Contact Americash Jewelry & Coin Exchange

If you have rare coins and currency that you ’ d like to have our professional appraisers examine, bring them to our Westmont, Illinois, location at 16 W. Ogden Ave. Please schedule an date online or by calling us at 630-969-9600 .

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