The Central Bank of Nigeria began issuing currency in 1958. Over the following few decades, it transitioned from using pence, shillings, and pounds to Kobo and Naira. Given the country’s rich history and changes in currency over the years, many old coins, particularly the discontinued ones, became sought-after by coin collectors.

The country has a rich and diverse history when it comes to coins, with even native wildlife, such as echidnas and lizards, appearing on some of them. Now, certain rare coins not only hold historical value, but they can also fetch a lot of money, making them worthwhile investments. Whether it’s rare pre-decimal pieces or coins with unique minting errors or initials, the country’s valuable coins are worth adding to the collection.

Coin collection, or numismatics as it is known, is one of the oldest hobbies in the world. This fascinating hobby of collecting coin requires a lot of patience and a good eye for detail. You have to be quick to identify the value of a seemingly innocuous coin and be obstinate enough to know the history of the coin.

Whether you are an enthusiastic numismatic or a novice, or whether you are into American numismatics, world coins, bullion or ancients, there are probably certain coins that are you covet than all coins. There are some coins that are the crème de la crème in the world of numismatics. Not only are they significant in terms of their value, but these coins are quite rare.

We all know coin collection is a hobby among many and started back in the fourteenth century by the members of elite groups and royal families. However, gradually this hobby started getting popular even among the middle class with the rising availability and interest in history, symbolism and art. There are a lot of reasons for starting this hobby.

Each individual might have a hobby they developed growing up and enjoy indulging in. One such popular hobby is collecting old coins. Most individuals may collect or know someone who collects coins as a hobby. Others enjoy learning more about older coins and their origin. Coins are more than just legal tender or currency for most people.