4 Tips For Starting Your Coin Collection

13 May 2015
 Categories: , Blog


If you are thinking about starting a coin collection, there are some important things you need to know first. Remember that it isn't a race; a coin collection is not something that happens overnight. Here are some valuable tips that will help you get your coin collection started.

Start Collecting What You Like

While it is a good idea to learn as much as you can about different types of coins, such as their pricing and grades, don't worry about what you "should" be collecting. Start simple and slow, collecting coins you like. Don't worry so much about the coins the books tell you are worth the most money. You will have more success with collecting by first purchasing coins you really like, then working off the sets those are included in. When you find coins you like, you will be more willing to learn more and complete the sets.

Take Good Care of Your Coins

When you begin purchasing coins for your collection, make sure you take good care of them and store them properly. The surface of coins can be damaged fairly easily, so handle them with care. Never try to polish the coins, however, as this can take away from its natural appearance. The metal used in coins will change over time and you want them to remain in this condition since it can tell you a lot about its age and history. Store your coins in PVC plastic coin storage sheets and handle them while wearing gloves. When picking up your coins, try to only pick them up from the edge.

Find a Coin Club

There are many ways to learn about coins and find dealers of coins, such as joining a coin club. You will get to know others in your area that are also collecting coins, and members will range from beginners to advanced coin collectors. You can trade resources, such as the best online coin dealer or a local shop that has rare varieties. You will also be able to learn a lot of lessons from others with more experience. Coin clubs can also provide information about local coin shows that might not be made public.

Purchase Coins From Different Venues

If you only look at local shops for your coins, your collection is going to be small. The best method is to buy them from multiple dealers and use different venues for buying coins. For example, compile a list of local coin dealers, online coin dealers, and nearby coin shows. This will give you a good variety of places to buy your coins. When you are ready, you can start following coin shows in other cities and states as well.