Coin collection, or numismatics as it is known, is one of the oldest hobbies in the world. This fascinating hobby of collecting coin requires a lot of patience and a good eye for detail.

Whether you are an enthusiastic numismatic or a novice, or whether you are into American numismatics, world coins, bullion or ancients, there are probably certain coins that are you covet than all coins.

We all know coin collection is a hobby among many and started back in the fourteenth century by the members of elite groups and royal families. However, gradually this hobby started getting popular even among the middle class with the rising availability and interest in history, symbolism and art.

Each individual might have a hobby they developed growing up and enjoy indulging in. One such popular hobby is collecting old coins. Most individuals may collect or know someone who collects coins as a hobby.

The country has a rich and diverse history when it comes to coins, with even native wildlife, such as echidnas and lizards, appearing on some of them. Now, certain rare coins not only hold historical value, but they can also fetch a lot of money, making them worthwhile investments.

Currency has always played an important role in tracing history. From political changes to social and cultural celebrations, coins and notes convey many stories about the major landmarks of the nation’s past.

Coin collecting, also known as numismatics, can be a rewarding hobby. It not only helps one learn about the history of coins but also acquire objects that hold significant value.

Certain coins become valuable over time due to their rarity, which, in turn, is a result of their age, some error, or just overall condition. The coins with a minting or design mistake, called mules or error coins, can fetch high prices when resold by private collectors or put up for sale at an auction.

Collecting precious coins is a cherished hobby by many, not just because of their aesthetic appeal but also due to their cultural and historical significance. Also, if traded right, these coins are highly valuable and can help one earn huge profits.

Various monetary systems have been used during different periods of history across the world. All of these have undergone considerable changes over the years. Despite these changes, some of the older systems’ remains exist in the form of old coins.

The Central Bank of Nigeria began issuing currency in 1958. Over the following few decades, it transitioned from using pence, shillings, and pounds to Kobo and Naira. Given the country’s rich history and changes in currency over the years, many old coins, particularly the discontinued ones, became sought-after by coin collectors.