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Coin collecting is a popular hobby that necessitates an acquired set of skills and knowledge to properly maintain the condition of each piece. After more than 20 years of working with rare coins, R & S Rare Coins of Cabool, MO, understands the interest in starting your own coin collection and offers the following do’s and don’ts to help make this endeavor a success.

Do:

Start with a small coin collection.

It’s essential to learn the basics of coin collecting before making any major purchases. Otherwise, you could make a mistake that will cost you hundreds of dollars. Start by working on collections that are easy to create, whether it be a set of Lincoln pennies or the state quarters, and find out as much as you can about their history and how to grade them.

Obtain the Red Book.

It can be difficult to know where to look for information when you’re first starting out as a coin collector. Instead of trying to find a reliable resource on the internet, pick up a copy of “The Guide Book of United States Coins.” Known as the “Red Book” among avid coin collectors, this publication contains a wealth of information on collecting coins and provides beginners with the qualifications that designate the price of particular pieces.

Don’t:

Forget to seek out professional guidance.

coin collectionWhile you might be able to learn a substantial amount on yourself, one of the most valuable resources for coin collecting is through the local pawn shop. Many of these professionals specialize in rare coins and have a selection of quality equipment to estimate their worth, which means you could glean a variety of tips for starting a coin collection just by stopping by to talk with an expert.

Confuse age with value.

Not every old coin is valuable. Some may have been mass produced to a point where they’re too common to be of any worth, while others might not be in great condition. Several factors have to be considered when pricing a coin, so you have to be careful not to jump to conclusions during the evaluation process.

Start your coin collection the right way by setting up an appointment with the experts at R & S Rare Coins. They’re recognized throughout Cabool, MO, for their superior knowledge and offer a selection of rare coins and collectibles at fair prices. They excel at customer service and will be happy to answer any questions you may have about collecting coins. Call (417) 962-5213 to speak with a representative or visit their website for additional information about selling or buying coins.

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