An excellent coin collection can be started with just the change in your pocket, piggy bank or cookie jar. A coin does not have to be old to be collectible. There are many that are misprinted or were hit off center when they were minted. Once you start your collection you'll pay attention to every coin you come across. This article will help you get started with your coin collection and keep it organized.
Go through the coins and separate them into groups.Then separate all the coins you have by denomination, making a pile of pennies, nickels, dimes and quarters. Go through each pile and take out any coins that were minted before 1970. Then divide them further by the 1940's, 50's, and 60's. You can also start your collection from the present day back.
You'll need a way to store your coins. This can be by using the Whitman folders or use a regular notebook. Purchase plastic or Mylar pages that have separate pockets for each coin. You can also purchase individual coin cases or coin boxes from most coin dealer shops.
If you are using folders, place each coin in its designated space in the folder. To use the notebook, separate out three or four pages for each denomination. Insert the coins into the pockets, starting with oldest date first. Do the same thing with the other denominations. As you are inserting the coins make a written list of the coins you have. Save the best looking coin from each year. You may find several coins that were minted in the same year but have different mint marks. Be sure to check your value guides for the mint marks of each coin. A "D" indicates it was minted in Denver, a "P" indicates Philadelphia and an "S" indicates San Francisco. Save one coin for each year and each mint mark.
Coin collecting magazines and value guides will be very important tools in identifying and valuing your coins. Value and identification guides are also available at your local library. As you research each coin, make a written note in your value guide and on your written list. Also put a list of your coins on an index card, place it in your briefcase, purse or wallet. When you run across coins at shows, yard sales or flea markets, you will know what coins you need to complete your collection.
As your collection grows simply add more pages to your notebook or purchase additional collector folders.