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The History of Ancient Coins - An Introduction It is hard to pinpoint the beginning of the coin collecting hobby. However, some people claim that it began sometime after 650 B.C. when the first coins were minted. Gold, silver, and other precious metals were once carefully weighed and then used in exchange for other goods. There were some dishonest dealers who tried to pass out a lower quality of metals. Because of this that system of trade was eventually replace by coins that were made of gold using a standard weight. Coins soon became the Grading Coins - a Brief Introduction for Beginners The ability to grade coins accurately and consistently takes a lot of experience. However, even beginners can assign a reasonable grade to a coin if they follow a few guidelines. The American Numismatic Association's 0-70 point numeric system is often used to assign the grade of a coin.

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