Why Collect Foreign Currencies

Why Collect Foreign Currencies?

If you know much about investing it is not very wise to have all your money tied up in one investment. Of course in investing there are thousands of different assets you can buy or invest in. Foreign or UK currency is just another example of one of those assets.

As a young child, I was always interested in wealth creation and had a fascination with currencies so I started coin collecting when I was about 5 years old.

The thing is not many people know exactly what is going to happen with currencies or investments in the future.  Some paper money could become worth what the paper it is printed on.   The thing about collecting older coins or even paper currency is that many collectors will value them over time as they become rarer and will pay accordingly to get their hands on them.

Quite often with some old coins especially real silver or Gold coins, the value of the materials will grow many times more than the actual value of the coin.

The thing I often loved about collecting coins was the history behind many of them, I remember the day my great aunt Mary introduced me to her Queen Victoria 4Penny Bit which dated back to the mid-1800s.

Although that particular coin disappeared I managed to get my hands on one from eBay.

 

There was also a King William 1866 2 And a half Guilder coin and an Eisenhower Silver Dollar which I lost but managed to get another one on eBay.

If you are looking to protect your money against inflation Buying Pure Silver Or Gold Bullion coins is a good way to do that, especially with the craziness going on in the world with soaring energy prices and inflation. 

 

Why Collect Foreign Currencies?

By admin

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