
The term numismatist applies to collectors and coin dealers as well as scholars using coins as source or studying coins.

Modern numismatics is the study of the coins of the mid 17th to the 21st century, the period of machine struck coins. Their study serves more the need of collectors than historians and it is more often successfully pursued by amateur aficionados than by professional scholars. The focus of modern numismatics lies frequently in the research of production and use of money in historical contexts using mint or other records in order to determine the relative rarity of the coins they study. Varieties, mint-made errors, the results of progressive die wear, mintage figures and even the socio-political context of coin mintings are also matters of interest.

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