Many people want to start a coin collection, but don’t know where to start. This blog is a guide for prospective collectors looking to get their first coins.
Collecting coins is a hobby that has many different avenues. Coin collecting for one person can be completely different than it is for another. In general, people collect coins based on the design, country of origin, year, finish, mint mark, artist, denomination, etc.
If you are looking to start collecting but do not want to spend a lot of money, you can start with coins you might already have. Popular beginner collections include getting a coin from every state or every year of mintage. Lincoln pennies are a good starting point, as they are still in circulation or can be purchased for a low cost at many online retailers, or at coin shows and dealerships. Another common collection set is Indian Head pennies.
Coin collecting is all about what you like. There is no right or wrong answer to what you should collect. If a set interests you, then start collecting that set. Once you start building your collection, make sure you handle your coins correctly. Coins can easily be scratched or start showing blemishes, so they should always be kept in a safe dry place.
Research is one of the most important aspects of collecting. If you want to learn about all the United States coinage, buy The Guide Book of United States Coins, more commonly called the Red Book. Knowing about the coins you have, or want to buy, is very important to understand the value of the coins. This book will also teach you the history of each coin, and all the necessary information to become an advanced numismatist.
Another way to gain more experience in coin collecting is by joining a coin club. Coin clubs allow you to share information and speak with other enthusiasts about collecting. There are local and national coin clubs, depending on your preference. The American Numismatic Association has a directory available of coin clubs across the nation.
With the right plan, coin collecting can be a hobby that lasts a lifetime. Coin collecting should be an enjoyable adventure filled with passion and interest.
All Updates and Market info are provided as a third party analysis and do not necessarily reflect the explicit views of GoldClub Direct LLC.. and should not be construed as financial advice.
