Coin collecting is a passion for people of all ages. Discovering a rare find and holding a piece of history can fill a collector with a rush of excitement. Beyond the fun involved with searching for new pieces, it can also be a valuable hobby. Here’s why and how to begin your own collection.

Why Coin Collecting Is a Good Idea

The type of metal is what makes certain coins more valuable than others. For example, some older pieces are made with copper, gold, silver, and other expensive metals no longer used to make coins today. As the market value of a precious metal increases, so does the coin. This means a significant collection could be worth thousands of dollars.

The rarity and age of a coin — whether it has a limited status or historical significance — can also make it more costly than those currently in circulation. Although rare coins are always great finds, those in better condition are often sought by avid collectors. This includes pieces where subtle details haven’t worn away with time.

How to Make Wise Investments

So you’re aware when rare coins become available, develop relationships with other collectors in your area and join online communities dedicated to the hobby. You should also network with jewelers, antique shop owners, and other professionals who deal in rare coins. They’ll let you know when pieces, including those created by the United States Mint and Royal Canadian Mint, are in stock. Pay attention to market trends in precious metals to determine the best times to invest.

If you want to begin coin collecting, the professionals at Smith Jewelry & Coins are excited to help you start. Since 1964, the coin dealers have been helping St. Charles, MO, residents find and identify unique pieces to add value to their collections. They also offer great prices on estate jewelry. To inquire about specific merchandise, call (636) 441-6789. Visit the jewelry store online to learn more about buying and selling coins. Become a Facebook follower for new inventory alerts.