What’s a good way to start coin collecting?
Wednesday, September 8th, 2010 at
7:38 am
Question by Spearfish: What's a good way to start coin collecting?
Can anyone offer tips or a helpful site to help me get started? Thanks.
Best answer:
Answer by jacksfullhouse
The next time you get a coin, save it.
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US $86.00
I would recommend starting with the U.S. Mint website. Their catalog page is http://catalog.usmint.gov . Also, the state quarter collections or the new nickel series might be an easy way to get into collecting coins. They are still readily available. Also, personally, when I was a kid, I tried to get a penny from every year going back as far as possible.
Collect what interests YOU!
You like animals?
Collect foreign coins with lions, tigers & bears (Oh my!) on them. Collect the Zoo series of the Roman Emperor Gallienus – many are cheaper than a lot of slabbed US coins.
Want to collect square coins?
Collect coins from ancient India.
Want to collect bright, shiny coins sealed in plastic?
Buy proof sets.
Want to play Indiana Jones?
Buy uncleaned Greek and Late Roman Bronzes and clean them like a real archaeologist, they are surprisingly cheap.
Want to collect coins from all over the world cheap?
Buy world coins by weight (usually by the pound will get 100+/-)
Whatever you do, don’t be overly concerned about what the coins are worth, collect for the enjoyment. If all you care about is money, collect some nice, sterile slabbed coins that you will never touch.
Have fun,
Jim
Jim there has the right idea, collect what you like. Most people collect by their wallet. World coins are the least expensive and you learn a lot about the world. A lot of historic coins are not that expensive. U.S. coins at least the older ones have gone up in value and the key coin of a series is usually out of reach to most collectors. A Jefferson nickel set fro 1938-2007 can be put together with out breaking the bank. If you like history, most modern commemorates are within most peoples price range. Go out and get a couple of the coin magazines like Coins or Coinage. Go to a coin dealer and see if he has a Coin World or Numismatic news. Another coin magazine is World Coin News.
Best way to start is to save coins from your change — see if you enjoy the hobby that way first. Later on you can visit coin dealers and learn how to grade coins and purchase coins at fair prices.
Two US coins that have appealed to beginning collectors over the years are pennies and nickels. I have a web site that has information about both, plus treasure coins, etc. Go to http://www.valuable-coin-stories.com for some interesting reading.