I suppose to write about the BNM Online shop petition today but a comment by my fellow blogger, get my attention; "coin collecting a very expensive hobby?" In my opinion, it depends on what you collect. Sometime, you don't need to waste a single cent from your pocket, just keep that 1 sen in a safe place and wait for 40 years. As you can see in this picture, you can easily sell this coin for RM50 now. In 1968, this coin maybe worth RM1 for collector. At that time, you maybe think all this collectors are crazy buying this 1 sen denomination coin at a very high price. You will not think like that today, would you?
You can also start teaching your kids to collect coins for a very small budget, let say RM50 a month. Collecting coins doesn't means you need to buy what other collectors are buying. Try looking at the world circulation coins that you can get with that RM50. Maybe you can start with a one cent/penny coins. You can still get those coins for RM1-RM5 a piece. You can bring your kids hunting for coins in the weekends. If you don't know where you can find a coins in Malaysia, you can read this; where to find coins in Malaysia. Make sure you already bought coin holder and coin album for your kids. For other kids project, you can read my old posts about them here:
United States 50 states quarter dollarsUK One Pound coin
Different shape coins
Bi-Metallic coins
Faces on coins
Coin collecting will be expensive if you start to collect rare and error coins but you still can collect them if you get a proper knowledge about error and rare Malaysia coins. For more knowledge about Malaysia error and rare coins, you can go to sifu Dickson blog; Niewmismatic error coins. He is one of Malaysia error coins expert and already wrote over 100 articles about Malaysia error coins. Study what he wrote in his blog and start looking at any Malaysia coins that you can find. Some rare error coins can go up to hundreds ringgit and it don't cost you anything. You maybe have error and rare Malaysia coins right now without realizing it.
You can also collecting coins according to their years, it will only cost you face value of the coins. Just make sure, they're some years Bank Negara Malaysia (BNM) don't produce or mint coins. You can find out more about Malaysia coins issue at; No issue Malaysia coins. Just look for the best looking coins you can find and put it in coin album. You maybe need to buy coin holder and coin album to make sure your coins keep on shining in the future.
They're many way you can start collecting but most non collector will not realize that. Whatever coins you want to collect, it will be a rewarding hobby. You just need to be patient and take care your coins. You don't need to clean them to make it shiny and beautiful. For my non collector friends out there, will you still consider coin collecting as an expensive hobby?
12 comments:
Nice blog what :)
collect within your means... and coins that you like. These will keep your passion going.
expensive hobby,,,
If you are collecting rare notes and coins of course is expensive. You can start by collecting the malaysia 1st series coins by check your pocket each time you go shopping. You will be surprise to find some valuable coins in there. The dealer job is never easy. Some collecter you offer 1 million also they don't want to release. stock it up and wait for the right season to sell if you are doing it for money.This is how you start .
yap. very expensive. But i'm fine with that hobby. hehe
cantik..emas tu ibarat irg ada wang tu mmg orang kaya nampaknya he..klu tak der emas tak der wang emas syilng gold tu yer hee
Coin collecting isn't expensive at all!In fact it is a most rewarding hobby! You can always start from your pocket change.It is expensive because you have set your goals high.Like Kg said,collect within your means and budget. Nobody can force you what to do in this hobby,you can be yourself always.
But you must always follow the rule of thumb:"BUY BOOKS FIRST BEFORE YOUR HOBBY",this rule apply to all hobbies you like,you MUST READ and UNDERSTAND FIRST before start to do anything so that you know what you suppose to do!Blame no one if you make a mistake!
Happy collecting!
nak kumpul duit rm20 tu plakk..
Collecting Coin well known as an expensive hobby, but its can became profit for long term income as well.
ingatkan blog org putih ker apa, hehe
Coin collecting can be cheap or expensive. Really depends on what a person collects.
Like any hobby, example cycling. I can ride around the neighborhood with RM500 MTB or hammer trails @PCP on RM5000 MTB :p
Same goes for coin collecting. I'm compiling entire set of 50cents Parliament series coins using change from my tabung.
Cost for each coin is exactly 50cents :D cheap right? Found a 1979 extra dot variety while sorting through all that spare change :p
I also collect gold coins when opportunity presents them for a decent price. Recently acquired full set 1992 20th Anni. World Wildlife Fund(WWF)coins.
Anyway that's my take on this beautiful hobby.
Collecting coins is a great hobby. You can preserve some of them that are no longer in circulation. This is a part of our history that should be given an importance because it could be a big help when you have financial crisis.
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