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How To Collect World Modern Circulating Coins
October 03, 2008



Collecting Modern World Circulating Coinage

In Wayne Homren's recent Esylum reviewed of our Standard Catalog of World Coins 2001-Date 3rd edition, he wondered if any dealers supply modern circulating coinage:

"What a challenge it would be to assemble a collection of 21st century coinage using this catalog as a guide! I think one would have to be quite the world traveler or know several people who are. These modern coins are largely the pocket change of today, with little value to incent dealers to stock them.

Am I wrong? Is there a dealer or specialty organization that seeks out and distributes these coins to collectors?"

Here's my answer to Wayne question:

Well, there are a few dealers around who offer wide selections of many modern type coins. In the U.S. we have Lauren Benson, Inc., that offers individual minors and small to mid-sized sets of circulating coins. The company is run by Lauren's son, Richard Benson and they produce a monthly printed price list. Email them at bensoncoins@netins.net

Many modern circulating coins of the world host animal designs. A good source of these types can be found at The Coin Lode, run by Al Beck. Check out his website at http://www.coinlode.com/index.html

Many European dealers offer modern issues and a few offer a broad selection well beyond the typical Euro coinage. A. Jorg Numismatik is one that produces a price list and hosts a website at www.ajoerg.de Another would be Munzen-Schoenawa who produces price lists and can be reached by email at Hartmut.Schoenawa@t-online.de

Most coin dealers also offer circulating coins from their areas of specialty, so if you are looking for modern Islamic coins you might contact Steve Album or Joe Lang through their website at www.stevealbum.com

Some major wholesale dealers who trade in modern issues include Coin Invest Trust at www.coin-invest.li and Mietens & Partner GmbH at www.mietens.de Plus there are several smaller wholesalers that travel to larger shows like the ANA Convention, FUN show, CICF, NYINC, Baltimore and Long Beach shows. Some of these fellows are willing to sell direct to collectors or to connect you with a retailer they supply.

And of course, there are some very good trading networks for modern issues which have developed in the internet era. If you would like to connect with circulating coin collectors in other countries with an eye towards trading, try World Coin Traders at http://www.terra.es/personal4/jo7lan/listadocol/index.html



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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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