Collectible coins are typically categorized into several types, including historical coins, commemorative coins, and bullion coins. Tokens, on the other hand, are often used as substitutes for currency and can represent various themes or organizations. In the context of the United States, collectible coins include both legal tender issued by the U.S. Mint and private tokens that have significance in specific locales or for particular events. Collectors may focus on factors such as rarity, condition, historical significance, and demand when assessing the value of these items.