How To Collect Coins

There are many reasons why one collects coins just as there are many ways to learn how to collect coins. There are collectors who collect on the basis of the coin’s future perceived value, some collect coins coming from just one particular time period, some on metal type and some for a coins historical value.

There are also those who enjoy collecting everyday common coins, gaining pleasure from inspecting mint marks and dates on their everyday change. Others have a collection of coins from different countries. Some coin collectors spend thousands on rare gold and silver coins from the period of the 1800’s until the early 1900’s.

Learning how to collect coins can give pleasure and fun to an individual of any age. Many coin collectors began their collection when they were young children, collecting dimes or pennies many of them have made coin collecting a lifelong hobby.

The hobby of collecting coins usually involves spending money from the very start so it is good to join a coin collectors club to get ideas and help from knowledgeable and experienced collectors.

You need somebody to buy your coins from, and it may be hard to find a reputable coin dealer when you are new to the hobby, so having someone that has been in this collecting for years can be of great help to guide you on choosing an honest and knowledgeable coin dealer.

How To Collect Coins – Start You New Hobby Today

Begin by acquiring a big magnifying glass and examine coins so you can spot mintmarks, errors and to clearly read dates on worn or damaged coins.

Decide on what coins to collect and buy a coin collecting folder for that series.

You must also have coin storage essentials such as clear tubes made of plastic or coin tubes having top screws to keep your coins safe until you are ready to put them in a coin album; storage can also be good for keeping duplicate coins or coins of lesser value.

You must learn about different coin values. Follow what types of coins are sold, and how they are priced, based on dealer pricing. You also will need someone or some references that will show you how to evaluate the accurate value of a certain coin based on mint mark, age, color, surface and condition.

Coin Collection Books And Magazines

“A Guide Book of United States Coins” also known as “the red book”, which is published yearly, provides a good outline of U.S. coinage history, information on basic coin grading, coin descriptions from past to present including a list of errors to watch for, average U.S. coins retail cost, and an explanation of errors which occurred in the minting process.

Monthly publications like Coinage or Coin World magazine contain useful facts and information as well articles and photos about you new found hobby.

The newspaper, particularly in the numismatic section, will be of great interest to you especially when you become more and more involved and interested in your hobby and want to remain up to date with the current happenings in the world of numismatics.

As you grow more experienced in coin collecting, your “eye for coins” will improve and develop naturally so that you will now be scrutinizing more carefully the features and details on a coin such as lettering, making certain that the letters are not blemished or blurred, but are still distinguishable.

Spend ample time reading, looking at photos, learning from experienced collectors and asking as many questions as needed from not only other collectors, but dealers as well. The hobby of coin collecting is a continuing process that will last for as long as you are continue to build your collection.

Your knowledge and training will save you a lot of money as well as make you money when and if the time comes to sell some of your collection, but more importantly, you will have fun while learning. Take pleasure in what they call the “Hobby of kings” that has turned to be the “King of hobbies”.

Keep on learning how to collect coins as as time passes you will have a collection that you can be proud of.