Not only is coin collecting a passion, but it's also a fine art. Building a successful collection takes time, dedication, and a well-thought-out approach. If you want to start growing your personal rare coin stock but don't know where to start, follow these expert tips. 

How to Start a Successful Coin Collection

1. Prioritize Education

The key to creating an impressive selection of coins is research. Learning about the diversity of materials available and their value makes it easier to traverse the market. Such knowledge provides valuable insight so that you're not overpaying for new pieces or accepting less when trading or selling coins. 

Begin your collector education by accessing books and magazines on the subject. From there, seek out online resources, like forums and chat rooms. This approach provides direct access to some of the rare coin industry's most successful and knowledgeable individuals. 

2. Set Goals

The extent of coins available is extensive, and to learn about all of them can take quite some time. For that reason, it's usually best for novices to choose a specialty area, such as Kennedy half dollars or U.S. gold coins minted prior to 1933.

Opting for a niche area makes the educational aspect of the process more digestible. Additionally, knowing exactly what you're looking for from the beginning reduces the risk of wasting money on filler pieces. 

3. Choose the Right Dealer

Developing a relationship with a local coin dealer is essential to reaching your goals as a collector. Not only should they offer incredibly valuable knowledge, but they should also have access to a useful network of professionals. As a result, you can bypass the hassle of searching on your own and avoid losing out on important opportunities. Share your goals and collection focus with them so that they can notify you as soon as they have or hear about a coin that matches. 

If you’re ready to start your collection, begin with a visit to Coins & Stuff in High Point, NC. Since 1980, the local pawn shop has been a reliable and friendly shop for rare coin hobbyists across the Piedmont Triad Region. Learn more about the dealer's buying and selling process online, and request assistance finding a rare coin today at (336) 885-5323.