Coins are a fascinating way to connect with other places, cultures, and time periods. They are small in size, have artistic designs, and are minted at certain dates, which makes them a top-notch collectible.
Starting an old coin collection can be a great way to not only connect with the past but also to earn money! If you’re looking to start coin collecting, it can seem a bit intimidating at first.
Luckily for you, we’ve written a handy guide to getting started on an old coin collection. Read on to learn more!
Decide What Types of Coins You Like
Having a focus for your coin collection will make getting into the hobby much easier. You’ll spend less time and money on coins that don’t interest you, and you will find coins you like much faster.
Some coin collectors prefer coins from foreign countries in the 19th century, while others collect American post-World War II coins exclusively. Every coin collection is different and reflects the tastes of the owner.
Besides the origin, date range, and types of coins, some collectors also highly value error coins. These are coins that rarely make it into circulation due to them being recycled at the mint. However, an error coin find is very exciting!
Don’t fall into the temptation of spending a lot of money on your coin collection at first. You’ll be much better off in the long run if you learn the ropes of finding and grading coins to curate your collection.
Starting small also helps you focus on acquiring some very exciting and special pieces. This is a great way to get into the coin collecting hobby, as you’ll always look fondly on your first coins.
Have a Plan For Your Old Coin Collection
It can be very easy for an old coin collection to balloon into a hoard. But bags and boxes full of unsorted old coins of varying quality really won’t serve you well in the long run.
Not to mention, not taking care of your coins can degrade their quality. Coins can scratch and lose their luster easily. Make sure that you have plans for storing and displaying them, such as coin cases and folders.
Where to Look For Coins
Coins are everywhere! The most obvious place to look is actually right at home. Many old coins are still in circulation, so things such as wheat pennies, Roosevelt dimes, and error coins might be lurking in your pockets or drawers.
If you are interested in getting mint condition coins, what better place to look than a mint? For more info, contact the mint directly to see what is available for direct purchase.
The coin collecting community is vibrant and very helpful as well, so don’t be afraid to reach out and ask for guidance. Who knows, you might make new friends and trading buddies!
Have Fun Coin Collecting
Ultimately, building an old coin collection is a fun and enriching hobby. You can get a glimpse into the past while building a gift for future generations in your family.
For more articles about managing money, be sure to browse the “Finance” section of our blog. Please feel free to reach out to us at any time with any questions or comments!