Coin collection

What Type Of Collection To Start?

Many collectors have a particular theme for their
collection. The very real possibility of completing
the collection makes collecting exciting for many
collectors.

Some themes are of course, easier complete than
others. As well as less costly.

Country

- Collecting coins from a particular country, or a
collection of coins from every country that issues
them.

Year

- One of the most popular methods of collecting.
Collecting a particular coin from every year it was
issued. The Lincoln penny is a good example. You can
purchase books that are designed especially to catalog
this type of collection.

Period

- This group includes coins from a particular period
in history. It also includes coins from a particular
century. Or those issued during a particular
civilization or monarch’s reign.

Subject

- Coins usually depict something. A collection can be
of coins depicting the same or similar subjects.

Composition

- Collecting coins based on what type of metal their
made of is a popular category.

Variety

- When thousands or even millions of one particular
coin is issued there’s usually more than one die.
These dies often have slight differences. More
differences are found in older coins since the dies
were hand carved. An interesting collection could
consist of a coin from each die.

Mintmarks

- The mint mark tells where the coin was made. With
several different locations minting coins and in
different quantities thereby making some mint marks
rarer than others, collecting the different mint marks
makes for an interesting collection.

Coin Collection Tips: Finding a Coin Dealer

Coin dealers can be considered as best friends of coin
collectors. It is quite easy to find one. Although,
with qualities like being ethical and honest playing
an important role, it may take you quite some time to
search for one. As a coin dealer, you would want to
negotiate or entrust your coin collections to someone
who is qualified to play the part. What are the
characteristics that you would like your coin dealer
to have? He should be:

• knowledgeable and must have even the slightest idea
on the details of his topic

• respected by his friends and by other coin
collectors as well

• financially stable

• demonstrates careful ethics

Now that’s all said, there are still a couple of
things that you need to assess in order to evaluate a
particular coin dealer.

Experience

A coin dealer must have at least several years of
experience in the coin dealing industry and have
certain accreditations from people. His credentials
must be impeccable especially if your purpose for coin
collection is for investment. You have to remember
that not every coin dealer is good at what they do.
Some would just pretend to know everything but in the
end, nothing. You need to find a reliable and
knowledgeable coin dealer who can give you tons of
accurate advice.

Assets

A coin dealer must be financially stable in order to
recompense and for you to be sure that he will stay
longer in the industry. There is a vast majority of
genuine coins in the market and sometimes fake ones
show up. A coin dealer’s certification can help with
these things and when all else fails and it turned out
that what you have is a fake, you can take it all back
on your coin dealer.

Friends

It is wiser and safer to choose a coin dealer out of
his friends’ decision to let him join a certain group
or guild. Otherwise, if the community or even his band
of friends don’t like the way he makes business, they
wouldn’t let him join the club. It only means that
doing business with him is not actually safer as it
seems.

Ethics

Nothing is more disheartening than to see how a
scumbag would deal with his customers in a way that
he’s trying to get more out of what is being offered.
In this case, you have to be pretty keen on how a coin
dealer makes business with other people. He must treat
everyone with manners and not differently just because
you’re wearing designer clothes when you came in. A
coin dealer must always be fair in the way he deals
with every customer.

Take note that coin dealers who are ethical would have
enough consideration and respect to their customers no
matter how young or old they are. A good coin dealer
must represent fairly, treat customers fairly and
grade honestly. Nowadays, this is not always the
scenario. Most of the coin dealers think that they
could get away with everything.

Recourse

PNG coin dealer are the ones who agree to submit
arbitration in cases of disputes. You have to consider
this especially if you are buying really expensive
coins. You don’t want to go through all the complaints
and lawsuits that’s why you have to be stern and avoid
the slightest possibility.

It is advisable that you rely your coin collections on
dealers that are affiliated with PNG just to be sure
that your investment is safe.

Starting Your Collection

Collecting coins as a hobby is fun and easy. You just
look through your change everyday and pick out the
ones that interest you. Or the ones that are different
or unique.

Everyone knows wheat pennies are old and so are
buffalo head nickels. And if you look closely, you can
still find them being spent everyday.

But, if you’re interested in coin collecting for
profit or as an investment, there’s more to it than
just looking through your pocket change.

Coin collecting is a very serious business for a lot
of people. People all over the world make their living
with it. Coin collecting has been a business for
generations. And there’s the very real chance of
losing a good chunk of money if you just jump in with
both feet without knowing what you’re doing.

When you’re first starting out, take it slow. Do your
homework. There’re many different areas of coin
collecting to get into.

Look around and find a specific niche that interests
you. If you just jump in and start buying everything
that catches your interest, your collection will have
no order or consistency.

Then later on when you do began to concentrate on one
particular area, you’ll just have to sell the other
coins to make room for what you’re really interested
in. And this could result in financial losses.

You could start by visiting a local coin shop or
attending a coin show. That’ll give you an idea of
what’s out there.

Starting Coin Collections

People have different hobbies and there are
individuals who love to collect certain things like
coins. Coin collections are gaining popularity over
the years. Arduous collectors are not very much
interested in selling their collections; rather they
want to store them for family keepsakes which they can
pass on to their kids and grandchildren.

Did you know that at present, some coin collections
are worth hundreds or even thousands of dollars?
That’s true and if you want to start your own
collection of coins, it’s never too late to begin.
Collecting coins is an engaging activity and hobby at
the same time. You will not only appreciate the coins
because of their appearance but also in terms of
price. These are the rewards that you can expect by
engaging in such hobby.

Some individuals are not even aware that they already
have a small collection of coins. However, you should
decide which coins to collect. Some people love to
collect foreign coins while others simply collect
local state coins. The collections will depend on your
interests and once you’ve decided which particular
coins to collect, everything will be a lot easier. For
starters, you can start collecting local coins and
tokens. Just keep on collecting as many different
coins as you like. You can get the coins from your own
home or perhaps from your relatives and friends.

The marks on the coins are fascinating and somehow it
tells a story about its past. The coin can also tell
you where it originated or its place of issuance. Who
knows, the coins may have been used by great leaders
and royalty. Another good thing about these coins is
that the famous figures are often depicted in it and
so you will be more familiar with them.

Coin collections will largely depend on you as the
collector. There is no particular rule to follow in
collecting coins. As a collector, you should know the
various methods that you can use to help you find more
coins to collect. One way is to collect a coin series
issued at a certain date. Some collectors make use of
the so called ‘shotgun method’. This is a way to
collect any coins that catch your interests. There are
also coin collectors who prefer to collect odd-shaped
coins; however, you can find most of these unusual
coins in other countries. You can collect such unusual
coins if you travel a lot, from one country to
another.

Starting out is not a great problem because you can
just start from your own home. If you want, you can
visit local coin shops and see if there is an
interesting coin there that you can purchase. If you
think that a coin collection will not involve any
expenses, you’re quite wrong. You see, if you really
want to collect beautiful and interesting coins, you
have to spend money especially if you want to go for
coin series. You can even visit coin shows so that you
will find out about the coin dealers in your area.
These dealers can help you in searching for the coins
to collect.

Start coin collections now and see how fascinating
this hobby can be. You can have the coins framed so
that you can decorate it in your house for all your
guests to see. If you want to have a hobby that’s
worth money, coin collections is just for you.

Starting a Coin Collection for Your Children

Starting a coin collection especially for your
children can be fun and exciting. More than that, it
can be profitable too. A lot of parents start a
gallery of their coin collection for the sake of their
children and the generation after. It is quite a
thrill to fancy old coins and show your kids how the
mode of currency looks like, way back.

Collecting coins can also be a sort of investment
because sometimes, coins that were inherited or passed
on from generation to generation are more valuable
than a hundred dollar bill. Now, collecting coins can
be cool but there are a couple of pointers that you
have to take note of like:

• Determine the amount of money that you are willing
to spend for the sake of buying old coins. Remember, a
coin collection is not just a collection of old
pennies but an array of very, very, very old currency
used even during ancient times which means, they are
quite expensive and relatively centuries old.

• What is your goal in collecting coins? For gifts?
Investment? Hobby? You have to decide whether or not
this collection will go on for years or it will stop
at some point in your child’s life.

Collection Budget

For the sake of discussion, we’ll tackle about
starting on a very tiny budget, much like 50-100
dollars a year. With this kind of budget, you could
buy several kinds of coins namely the Mint sets which
would not be more than $100. Fancy Silver Proof costs
about $40 same as with Uncirculated set which would
just amount at $25. You can go through the Internet
and search for probable coin prices which are not that
expensive and would definitely reach your budget.

Child Motivation

Encouraging your child to see coin collecting as a
hobby is thin, but very much possible. All you have to
do is motivate them to like coin collecting by making
them realize the importance and benefit they can get
from it. There are several coin types that your child
can appreciate namely Buffalo and Jefferson Nickels,
Mercury Dimes, Wheat Cents, Roosevelt Dimes and Indian
Head Pennies. Start with these and then show it your
child. Sit down with him and tell short stories about
the coins. This will somehow build a certain kind of
interest in him.

Safe Coin Collection

However you decide your coin collection may be –
heirloom or investment reasons, or just for fun, make
sure that it is safe, both for you and your child. If
you’re planning to stash your heirloom and investment
coins at home, bad idea. You just gave yourself a
pretty good reason to be robbed. Best thing to do is
get a safety deposit box and keep them safe in a place
where you only know or if you really treasure your
coins, put it in the bank. If your kids are actively
collecting coins, make sure that it is kept in a safe
place where visitors or strangers will see. If your
child shows no more interest in his collection, just
deposit his coin album in your bank. Never leave it
hanging on a drawer because burglars will definitely
take it for they are very easy to sell. Always teach
your child the importance of his coin collections and
tell him to keep the folders out of sight especially
when people are around.

Kids and Coin Collections

If you think that only adults can collect certain
items like coins, you’re very wrong. Attention to all
kids out there – you too can collect the coins that
you like. Kids always want to have fun and oftentimes,
they find coins anywhere. If you have any coins, try
to store them somewhere safe. It’s easier for kids to
collect coins because they can just ask from their
parents, their aunt and uncles, grandparents, and
other relatives.

Parents should also encourage their kids if they see
that they are interested in coin collections. If your
parents don’t know your interest in coin collecting,
this is the perfect time to tell them. Being involved
in a good hobby is something that most parents
encourage and they will be more wiling to help out.
So, what coins can you find in your pocket? If you
don’t plan to spend those coins, you can keep them
already. When your grandparents and other relatives
give you money, check them out instantly. Try to give
attention to the coin’s design. Perhaps you already
have a twenty five cent coin from the Canadian Mint or
even a fifty cents commemorating Queen Elizabeth’s
Golden Jubilee.

If you parents give you an allowance, don’t spend the
money in unnecessary things. Try to save some for your
coin collection. If you already have a considerable
amount of savings, you can ask your parents to take
you to the local bank and buy some coins that you can
include in your collection. You can also check out
online resources and know the coolest coins in the
market today that is worth collecting.

You don’t need a huge collection of coins because
you’re still a kid. You can ask your parents to
provide you with a lid jar where you can keep your
coin collections. You will notice that as you grow
older, you will have more collections to show your
family and friends. You see, the best collectors of
coins started from a few coins.

From the very start, you should already list all the
coins that you put inside the jar. That way, it will
be easier to monitor which you coins you have. You can
use graphing paper so that you can keep track of your
collections in an organized manner. If you don’t know
how to do this, let your parents help. Don’t forget to
indicate the year the coin was issued.

Once the coins are compiled, it will be easier to
classify them and later on, conserve the coins. You
can take all the coins issued on the same year and
keep it in a separate jar. You have to keep the coins
somewhere safe so that they are in good condition.

You will know a lot of famous people as you collect
coins. Aside from that, you can also discover other
places where the coins came from. You see, all the
coins are rich in history and stories. You will also
discover unique symbols and strange geographies.

Kids can start coin collections even at a very early
age. With the support of parents and family members,
your collection can grow to be a worthy collection;
one that you can cherish even when you’re already old.
Don’t stop collecting coins even if you’re already a
grown up and try to find a more appropriate storage
for them.

Coin Collections: Is This Hobby the Right One for You?

Today, you will see people having different kinds of
hobbies. Some loves to collect doll houses, others
love stamp collecting, there are also some who likes
collecting different species of butterflies and
preserve them, and some people likes to collect toys.
However, if you really want a valuable collection, and
a collection that will be worth a lot in the near
future as well as a hobby that will truly provide you
with great satisfaction, then you might want to start
a coin collections hobby.

Coin collection is a hobby that has existed for
centuries. Here, you will not only get a piece of
history from different countries, but you will also
have a chance to invest in a really valuable hobby.

Coin collecting is a multi billion dollar industry. In
fact, a single rare coin can amount to as much as a
million dollars. If you love history, then coin
collecting is definitely a must.

The great thing about coin collecting is that it’s not
just a hobby, but also an investment. You have to
consider that coin collectors such as yourself travel
all over the world in order to participate in forums
or events that involves this one of a kind hobby. In
fact, some people bid thousands of dollars in auctions
for a coin that was worth a single cent during its
first release.

As you can see, a coin collection can definitely be a
very lucrative investment especially if you have a
rare coin in your hands. You have to remember that
although coins are currencies, it does appreciate in
value especially if the coin is very rare and is not
being produced anymore.

For example, try imagining getting a hold of a rare
coin that dates back to the Ming Dynasty in ancient
China? You can definitely imagine how much this kind
of coin is worth nowadays. Even if the coin was worth
5 cents during the time it was first used, you have to
consider that this coin will definitely appreciate in
value because of its historic significance, its rarity
and its age.

There are many ways to start your collection.

First, you have to decide what kind of coins you want
to collect. If you want to collect World War II coins,
then you can do so. Or, maybe you want to try
collecting rare ancient Roman coins? This may be very
expensive but is also an investment that will be worth
a lot in the future.

If you are just starting out, you may want to try
collecting different kinds of coins from different
countries. Ask your friends who have traveled abroad
before to hand you some coins they have from the
countries they traveled to before.

This is relatively a cheap way to start your
collection.

Once you get the hang of it, then you will opt for
rarer coins that can be worth a lot of money. In time,
you will be able to see that your coin collection will
grow from collection of coins from different counties,
to a collection of rare coins that is worth thousands
of dollars a piece.

As you can see, coin collections are not just a fun
hobby to have, but it is also an investment. With a
coin collection, you will be able to have something to
do in your spare time as well as invest in something
that will be worth a lot in the future.

How to Spot an Error in Coin Collections

Spotting errors in your coin collections or maybe in
everyday pocket change is easier than you imagine.
It’s rather profitable and fun too. You just have to
follow the different steps carefully a couple of times
so that the impulse of checking out every coin you
receive will become a habit. These simple instructions
are productive and proven methods of locating the
different coin errors and varieties of die circulating
inside your pockets and other people’s pockets.

There are three important tools though – a magnifier
that can be seven times stronger or more, at least
three to five dollars worth of usual or old coins and
a very keen and watchful eye. Follow the sequence
below.

1. Sort the denomination. If investigating for errors,
always group your coins in batches. Example, gather
your pennies on one side, then your dimes at the
other, then your nickels, and so on. Eyes are very
keen observers and so seeing one type joined together
will let the brain memorize its features and angles so
that you can scan faster. When you go to the next set
of the same type of coins, your eyes and mind will
collaborate and do the same scanning, determining and
saving. It will be easier on your part to point out
even the slightest difference with this kind of
grouping.

2. Examine inscriptions. Look at the obverse lettering
of every coin. Do you see anything unusual or odd
about it? There are several instances wherein doubled
varieties of die show doubling effects in just one
part of a word. Polishing, greasy dirt collection or
die abrasion can cause the failure of letters to be
inscribed perfectly on the surface of a coin. Upon
turning the coin on its other side, look at it
carefully from every angle. Inspect for special
oddities like doubling, missing letters, etc. that can
be found in its inscriptions.

3. Look at the mintmark and date. Focusing on these
mintmarks and dates should give you a better idea on
what to look out for. These marks belong to the most
valuable mistakes that you can most likely find in
circulation. Several issues can be concluded in this
part of the coin because of repunched dates and
mintmarks, various kinds of doubling, overpunches and
a lot more.

4. Examine the portrait. Portraits are the major
aspects that are most likely to acquire some
strangeness in its proportion. When examining it,
consider every angle as a whole. Can you see doubling
that is quite obvious? Observe for important missing
elements, cuds and die cracks. Focus your attention on
the portrait’s ears, chin, eyes, and mouth and look
for any signs of doubling.

5. Feel the edge. That would be difficult. But then
again, what you can do is to roll the coin on the
surface of your palm to examine if the edges are the
same. By this method, you’ll see the edges clearly and
you’ll be able to point out any lines, seams and
reeded edges that are missing.

6. Separate odd ones. By doing these simple things,
you can become an expert in coin inspection and
printing out certain errors in only a matter of
seconds. Once you have determined which among them are
odd, examine them thoroughly under a magnifier
supported by very good lighting.

By being adept to these, you can easily spot errors in
your collections in just a matter of minutes.

Hoarding Or Collecting

To some people there’s little distinction between
hoarding and collecting coins. Both have been going on
for centuries and both result in the owner having an
abundance of coins.

But hoarding is generally done for either the face
value of the coin itself or the value of the materials
the coin is made from. And collecting is done for the
artistic value of the coin.

Hoarding coins has been around longer than coin
collecting. For as long as coins have been minted,
people have been hoarding them.

Coin collecting as we know it today, is thought to
have originated around the 14th century. It was once
referred to as the hobby of kings. Probably because
only kings could afford to keep coins for their
artistic appeal and not worry about their monetary
value.

At that time in history, most people were too busy
trying to feed and cloth themselves and their families
to worry about a coins artistic value.

Today, coin collecting is something everyone can
participate in. Although cost is a factor, small or
specialized collections can be easily affordable.

The government has even made coin collecting easy for
the average person. The state quarters are collectable
coins that can be acquired for no more than 25 cents a
piece.

They can be found everyday in anyone’s pocket change.
The more recent issuance of the presidential coins is
another easily collectable coin. The U.S. government
began issuing these coins in 2007 and they’re easy to
find.

Handling Your Collection.

When it comes to collectable coins, the less they get
handled, the better. They’re best kept in a coin
holder, with as little contact as possible. The better
the quality of the coins, the more important it is to
handle them properly.

If you have to handle them, it’s best to hold the
coins on their edges. The less contact with your skin,
the better. Fingerprints will quickly lower the value
of uncirculated coins.

You also need to keep the coins away from your mouth.
The moisture from your breath can eventually cause
spots on the coin. Some collectors and dealers wear
gloves and masks when handling coins.

If you need to place your coins on a surface, a clean,
soft velvet cloth or pad is best. Don’t drag the coins
across any surface. Scratches will greatly reduce the
value.

Cleaning is another easy way to reduce the value of a
coin, sometimes by as much as half. A shinny coin is
only good when it’s the original shine. If a cleaning
is absolutely necessary, the services of a
professionally is strongly recommended.

Tarnishing’s a natural process called toning. When it
looks good, tarnishing can increase the value of the
coin.

If there’s dirt on your coins, you may be able to
remove it by soaking them for a few days in soapy
water or olive oil, then thoroughly rinsing with
water. Don’t dry them by rubbing them. Rubbing the
coin, even with a soft cloth will cause scratches.