Wanna Start on Collecting Coins? a Worthwhile and Educational Hobby

There are many reasons why one collects coins. There are collectors who collect on the basis of the coin’s prospect perceived value, some collect coins coming from just one particular period, some on metal type and some for a coins historical value.

There are also those who delight in collecting everyday run of the mill coins, gaining pleasure from inspecting mint inscription and dates on their everyday change. Others have a collection of coins coming 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.

The leisure activity of coin collecting can give pleasure and fun to an individual of any age. Many coin collectors started their collection when they were young children, collecting dimes or pennies and many of them have made coin collection a lifetime leisure activity.

The leisure activity of collecting coins involves spending cash from the very start so it is excellent to join a coin collectors group to get thoughts and help from knowledgeable and veteran collectors.

You need somebody to buy your coins from, and it may be hard to find a coin dealer of excellent repute when your are new to the leisure activity, so having a name that has been in this leisure activity for years can be of fantastic help to guide you on choosing an honest and knowledgeable coin dealer.

Start by acquiring a huge magnifying glass and examine coins in a bright area so you can spot mintmarks, errors and to clearly read dates on worn or hurt coins.

Choose on what coins to collect and buy a “bookshelf folder” for that series.

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

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 a name or some references that will show you how to evaluate the right value of a certain coin based on mint mark, age, color, surface and condition.

“A Guide Book of United States Coins” or universally known as “the red book”, which is published yearly, provides a excellent outline of the U. S. coins 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 from “Coinage” (coin collecting magazine) contain many useful facts and information as well articles about your new found leisure activity plus a lot of fantastic photos.

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

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

You will be spending so much interest and concentration on the coin’s general state that eventually you can walk away from certain coins that show evidence of cut, and will then be experiencing the fun side of coin collecting.

Spend ample time reading, looking at photos, learning from veteran collectors and asking as many questions as needed from not only other collectors, but dealers as well. The leisure activity of coin collecting is a continuing process that will last for as long as you are continuing the leisure activity.

Your information and training will save you a lot of cash as well as make you cash when the time comes, but more importantly, have fun while learning. Take pleasure in what they call the “Leisure activity of kings” that has turned to be the “King”of leisure activities.

Keep on studying and learning, because the better you know, the more that you will delight in your new found leisure activity.

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