Coin Collecting and Trading Wichita KS

Legal tender determines how things are governed in many parts of the world. It is almost like a language of its own and can bring both happiness and sorrow. For a coin collector and a numismatic, it is an art and a discipline respectively.


1. Local Companies

Christian Surlock, Associate Financial Advisor with Ameriprise Financial
316-630-8118
8301 E. 21st St. N.
Wichita, KS
St George Stamp Exchange
(316) 687-3763
213 N Hillside St
Wichita, KS
Coins & Stamps Shoppe
(316) 687-3763
213 N Hillside St
Wichita, KS
Equity Standard Numismatics of Kansas
(316) 689-8773
1855 S Rock Rd Ste 105
Wichita, KS
Touch Tone Communicatoins
(316) 729-6622
10307 W Westport St
Wichita, KS
Phil's Coins & Stamps
(316) 773-0905
9344 W Central Ave
Wichita, KS
Joe Flynn Limited
(913) 383-2525
10707 W 87th St
Shawnee Mission, KS
T & R Coins
(785) 232-5585
2815 SW Fairlawn Rd
Topeka, KS
Trading Post the
(620) 873-5253
314 E Carthage
Meade, KS
S & P Coin Stamp & Jewelry
(785) 827-9766
123 S Santa Fe Ave
Salina, KS

2. Definition

Coin collecting is the trading or collecting of coins or other minted forms of legal tender. This usually involves coins that circulated in the public domain for only a short time, coins with errors made during minting and mostly aesthetic or historically significant pieces. Coin collecting is closely related to numismatics, but different in that the former is leisurely while the latter is scholarly in nature. Numismatics is the study of currency.

3. Brief History

Hoarding or storing of money has its roots from the beginning of the making of coins. The artistic aspect of it began much later and it was christened as the ‘Hobby of Kings’. Today’s form of coin collecting is believed to have been started in the 14th century by Petrarch, an Italian poet and scholar. Numismatics rose to its top in the late middle ages and early Renaissance because of great demand. During this period, many noble men the likes of European Princes and Kings collected ancient coins. Among the most notable collectors were Ferdinand I, France’s Louis XIV, Pope Boniface VIII, Holy Roman’s Emperor Maximilian, France’s Henry IV and Brandenburg’s Elector Joachim II, who started Berlin’s coin cabinet.

4. Coin Value and Condition

Coin collection values are largely determined by condition of the coin. A high-quality coin is often worth several times over a low-quality coin in any coin auction. This is often the case in many variable types of collectibles the likes of stamps and trading cards. This generalization however has some exceptions. Coin collectors have come up with several systems for describing a coin’s overall condition. Older systems described coins within the ranges of ‘poor’ and ‘uncirculated’.

The American Numismatic Association adopted that system. They still use it even today. The system uses a one to seventy numbering scale, with 70 representing the perfect coin specimen and 1 representing a barely recognizable coin. 60 to 70 is a coin in mint state (MS). 58, 55, 53 and 50 is about or almost uncirculated (AU). 45 and 40 is extremely fine (EF or XF), 35, 30, 25 and 20 is Fine (F). 8 and 10 is Very Good (VG). 4 and 6 is Good (G). 3 is About Good (AG). 2 is Fair (FR, FA) and 1 is Poor (PO, PR). These guide the coin price guide.

5. Featured Local Company

Christian Surlock, Associate Financial Advisor with Ameriprise Financial

316-630-8118
8301 E. 21st St. N.
Wichita, KS

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