How To Begin Coin Collecting

First things first; you need to decide exactly the type of coins you want to collect.  There are numerous types of coins you can collect, for instance, just dimes or quarters, or coins with starts or wheat pennies.  Or perhaps you just want to start with what may be in your pocket and pick all the quarters from a specific state or even a specific year of coin.

Once you decide which coins you wish to collect, the next step in the process is learn everything you can about the coin.  There are a ton of books and specific websites denoting various types of coins.  They will teach you everything from where the coin came from, to the specific grades and how much the coin is exactly worth.  Once you start collecting a certain type of coin do not stop and move onto another set.  Always complete one set first, set aside your mint set and then move on to the next desired coins.

The majority of silver coins, such as the half dollars, dimes and quarters that were minted prior to 1965 were made of pure silver.  This would be a great place to start as most half dollars before 1970 were at least half silver, these coins are quite the moneymaker for any serious coin collector.

Once you have the desired set finished, go to a local coin collector shop. Here you will find professionals who can help you identify if your coin is just a typical one or perhaps it is a rare and prized coin.  Make sure you have a display album or even a safe to keep your coins in so that they are not lost or mistaken for loose change.  You’d really hate to lose your coins because someone wanted a soda pop from the vending machine!

The biggest downfall for people who are new to collecting is that they think they have to buy the most expensive coins first.  This is just a myth; you should start out small and then work your way up.  This way if you decide that coin collecting just isn’t for you, you haven’t lost too much money in your journey.  The last downfall is that most people think it’s better to have a shiny coin rather than a dirty one.  Popular to contrary belief you should never clean a coin; it will greatly reduce the value as a collectible.  Leave the coin as it is and let a more serious collector let you know what to do with it.  Trust them but don’t leave your coins with them.


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