Like any memorable achievement, your coin collection will have to start from scratch. However, with a bit of research and shopping around, you can build a collection you will be proud to show off to family and friends. To ensure you get off on the right foot as a rookie numismatist, use the following three tips.
3 Tips for Starting a Coin Collection
1. Do Some Research
If you are new to the world of coin collecting, start off by learning the basics of what makes certain coins more valuable than others. From minting location and date to unique production errors, you might be surprised at what will make your collection unique. Learn crucial terminology that might help you pinpoint what you are looking for, such as mint marks, uncirculated vs. circulated, and commemorative coins.
2. Find Your Niche
Once you have fallen down the rabbit hole of coin collecting, it will be easy to determine which aspects of the hobby speak to you most. For example, are you most drawn to coins tied to a specific historical event or era? Or are you hoping to pursue coins with elaborate designs or a specific metallic content? Perhaps you want to focus on coins from a certain country or those that were never passed around as currency. Whatever stands out to you as interesting, use this as a jumping-off point for your first collection items.
3. Organize & Protect Your Coin Collection
Once you have started to visit dealers and invest in coins that are special to you, you will need to establish a safe home for them. Many coin collectors use books or binders filled with individual slots to prevent the coins from scratching one another. It also makes it easy to flip through and view your collection.
Wherever you keep your coins, remember that you should never try to clean them. In addition to erasing the evidence of their history, this will leave small scratches and devalue your investments.
If you are interested in becoming a coin collector yourself, head to Coins Plus of Cincinnati, OH. They have been buying and selling rare coins since 1972, and they will be happy to show you the ropes. In addition to being a respected coin dealer, they also appraise other objects, such as jewelry and antiques. To learn more about their shop, visit the website or call (513) 621-1996 today.