Coin Collecting Becomes More Popular as Gold Tops $1,000 an Ounce

As the price of gold skyrockets and the economy falls into a recession, more people are taking up the hobby of collecting coins. And all the while, sites like CoinPeople.com and OmniCoin.com are reaping the benefits.

Springfield, MO (PRWEB) March 25, 2008 -- As the price of gold skyrockets and the economy falls into a recession, more people are taking up the hobby of collecting coins. And all the while, sites like CoinPeople.com and OmniCoin.com are reaping the benefits.

Five years ago, a gold coin weighing in at one ounce was worth $350 in gold alone. Now, thanks to skyrocketing gold prices and a falling dollar, that same gold coin is worth close to $1,000. With a return on investment like that, it's no wonder that more and more people are taking up the hobby of collecting coins. And now, thanks to sites like CoinPeople.com (http://www.coinpeople.com) and OmniCoin.com (http://www.omnicoin.com), hobbyists everywhere are realizing that having a good collection can sometimes mean early retirement.

OmniCoin.com is a coin collecting community, which allows members to submit coin images to an online database. Just recently the site reached 50,000 coin images, making it one of the largest coin databases on the Internet. Because of it's immense size, OmniCoin.com is popular with collectors wishing to display their treasures to a worldwide audience.

"OmniCoin.com has really brought together some wonderful people," said spokesman Robert Bing. "Now it's faster for collectors to find more information on a particular coin by simply uploading an image and letting the community look at it (as opposed to taking a trip to a brick and mortar shop)."

However, if it's good old fashioned conversation a collector craves, they need look no further than CoinPeople.com, one of the largest and most popular coin collectors' forums online. From banknotes, to ancient coins, to the latest gold prices, the forum sports conversations from all aspects of the collecting world.

"We're seeing an influx in the amount of people want to start collections," said Bing. "Coins are like real estate, most of the time they rise in value, as long as you hold on to them long enough. And they're not only fun to collect, they're a good investment (rare coins often outperform gold). Anyone looking for proof, just needs to look at the latest coin auction figures."

For more information on OmniCoin.com and CoinPeople.com, please visit the following sites:

http://www.omnicoin.com

http://www.coinpeople.com

Contact Information:

Robert Bing

416-707-2599

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