A Beginner`s Guide to Coin Collecting


Coin collecting, numismatics, is a fascinating hobby. It requires very little physical exertion and only as much mental effort as one wishes or is able to put into it at any time. There is the vast scope and boundless ramifications and byways encompassing not only things historical and geographical but also touching on economics, metallurgy, heraldry, literature, the fine arts, politics, military history and many other disciplines. This catalogue is solely concerned with British coinage from its earliest times right up to date. From the start the beginner should appreciate that the coinage of our own nation may be seen as a small but very important part of the whole story of world currency.

The first coins, made of electrum, a natural alloy of gold and silver, were issued in western Asia Minor (Lydia) in the later seventh century B.C. Over the next century or so coinage of gold and silver spread across the Aegean to mainland Greece, southwards to the eastern Mediterranean lands and eventually westward to the Greek colonies in southern Italy, Sicily (Magna Graecia) and beyond.

The coins of the Greeks are noted for their beautiful, sometimes exquisite craftsmanship, with many of the coin types depicting the patron deities of their cities. Coins of Philip II of Macedon (359-336 B.C.), father of Alexander the Great, circulated among the Celtic peoples of the Danubian Basin and were widely copied through central Europe and by the Gauls in France. Gold Gaulish staters were reaching Britain around the beginning of the first century B.C. and the earliest gold to be struck in the island must have been produced shortly afterwards. Although their types and designs copy the Apollo head and racing charioteer of Philip IPs gold coins, they are stylistically much removed from the original representation and very individually Celtic in concept.

Kingdom of Macedon, Philip II, 359-336 BC, AR Tetradrachm,

The coins of the Romans cover some seven centuries and include an enormous number of different types that were current throughout a major part of the civilized world from Spain to Syria and from the Rhine in the north to Sudan in the south. The Roman province of Britain was part of this vast empire for four hundred years from AD 43 until the early fifth century. Innumerable Roman coins have been recovered from sites in this country, most being made of brass or bronze. Many of these are quite inexpensive and very collectable.

In recent years many hoards of gold and silver coins have been found, usually by use of metal detectors.
Following the revival of commerce after the Dark Ages, coinage in Western Europe was virtually restricted to silver until the thirteenth century, though gold was still being minted in Byzantium and in the Islamic world. In the Middle Ages, many European cities had their own distinctive coinage and money was issued not only by the kings but also by nobles, bishops and abbots. From the time of the later Crusades gold returned to the West, and the artistic developments of the Renaissance in the fifteenth century brought improved portraiture and new minting techniques.

Large silver crown size thalers were first minted at Joachimsthal in Bohemia early in the sixteenth century. The substantial shipments of silver coming to Europe from the mines of Spanish America over the next couple of centuries led to a fine series of larger coins being issued by the European states and cities. The larger size allowed greater artistic freedom in the designs and the portraits on the coins.

Both Germany and Italy became unified nation-states during the later nineteenth century, thereby substantially reducing the number of mints and coin types. Balancing the reduction in European minting authorities were the new coins that were issued by the independent states of South and Central America. Since the 1950s many new nations have established their independence and their coinage provides a large field for the collector of modern coins.

It can be seen that the scope for the collector is truly vast, but besides the general run of official coinage, there is also the large series of token coins small change unofficially produced to supplement the inadequate supply of authorized currency. These tokens were issued by merchants, innkeepers and manufacturers in many towns and villages in the seventeenth, eighteenth and nineteenth centuries and many collectors specialize in their local issues.

Some coins have designs of a commemorative nature; an example being the Royal Wedding crown of 1981. but there are also large numbers of commemorative medals which, though never intended for use as coinage, are sometimes confused with coins because they are metal objects of a similar shape and sometimes a similar size to coins.

his is another interesting field for collectors as these medals often have excellent portraits of famous men or women, or they may commemorate important events or scientific discoveries. Other metallic objects of coin-like appearance that can be confusing for the beginner are reckoning counters, advertising tickets, various other tickets and passes, and items such as brass coin weights.

The Minting processes

From the time of the earliest Greek coins in the late seventh century BC to about the middle of the sixteenth century AD, coins were made by hand. The method of manufacture was simple. The obverse and reverse designs were engraved or punched into the prepared ends of two bars of bronze or iron, shaped or tapered to the diameter of the required coin. The obverse die, known as the pile, was usually spiked so that it could be anchored firmly into a block of wood or metal. The reverse die, the trussel, was held by hand or grasped by tongs.

The coin was struck by placing a metal blank between the two dies and striking the trussel with a hammer. Thus, all coinage struck by this method is known as ‘hammered”. Some dies are known to have been hinged so there would be an exact register between the upper and lower die. Usually, a ‘pair of dies’ consisted of one obverse die (normally the more difficult to make because it had the finer detail, such as the ruler’s portrait) and two reverse dies.

This was because the shaft of iron bearing the reverse design eventually split under the constant hammering; two reverse dies were usually needed to last out the life of the obverse die. Some time toward the middle of the sixteenth century, experiments, first in Germany and later in France, resulted in the manufacture of coins by machinery.

The term ‘milled’, which is applied to all machine-made coins, comes from the type of machinery used – the mill and screw press. With this machinery, the obverse die was fixed as the lower die and the reverse die brought down into contact with the blank by heavy vertical pressure applied by a screw or worm-drive connected to a crossbar with heavy weights at each end.

These weights usually had long leather thongs attached which allowed a more powerful force to be applied by the operators who revolved the arms of the press. New blanks were placed on the lower die and the struck coins were removed by hand. The screw press brought more pressure to bear on the blanks and this pressure was evenly applied, producing a far better and sharper coin.


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