History Of Coins & Fun Facts About Coin Collecting As A Hobby
The history of coins goes back a very long way.
It is believed that the very first coins were made of bronze and were used by the Chinese around the year 800-1,000BC.
Asians used coins around 600-700BC.
Early Americans didn't use any type of coin for money. Instead they made their money from beaver skins, tobacco, and wampum.
Coins began to circulate when foreign traders started coming regularly to trade.
But it wasn't long before Americans wanted their own coin money. Americans started making our own coins out of copper in the 18th century.
Later, national coinage was produced in America and the first U.S. Mint building started their coining operations in Philadelphia in 1793.
History Of Coin Collecting
So how long have people been collecting coins?
Well, most likely since the first coins were ever made. However, the earliest person that we know of is The Roman Emperor Augustus who was Emperor from 63BC-14AD.
In the middle ages and even in the early American history, only wealthy families could afford to collect coins. Everyone else had to spend them on necessities such as food and clothing.
These days, coin collecting is a fast-growing hobby. You no longer need to be wealthy to start a collection. Even a lot of children collect coins.
Check out these Fun Facts About U.S. Money!
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