Definition of numismatics
: the study or collection of coins, tokens, and paper money and sometimes related objects (such as medals) An area of numismatics that has increased in popularity and value is paper money. — Quoc Nguyen
numismatistplay \nü-ˈmiz-mə-tist, nyü-\ noun
First Known Use of numismatics
Financial Definition of NUMISMATICS
What It Is
Numismatics is the hobby of collecting money, such as rare coins or bills.
How It Works
Sometimes called "the hobby of kings," numismatics is not the act of hoarding cash. It is about appreciating the history and craftsmanship involved in the creation of coins and bills. Numismatics might collect copper pennies, for example (pennies are no longer 100% copper), or money printed during the Civil War when the South had its own currency. The hobby requires knowledge of rare metals, minting processes, and, of course, history.
Rare $5 bill from the Civil War:
Why It Matters
People who enjoy numismatics often have rare coins that can be quite valuable. But not all numismatics fans have to have money to keep collections. Using a fun site such as wheresgeorge.com, which lets people track the paths of dollar bills (using the bills' unique serial numbers), is free and can help people develop an appreciation for the more creative aspects of money.
NUMISMATICS Defined for English Language Learners
Definition of numismatics for English Language Learners
: the study or act of collecting of coins, paper money, and medals
Seen and Heard
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