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How to Start a Coin Collection

Many people take interest in coinage and stamps. However, starting your own coin collection may seem like a pretty difficult task, especially when you consider the sheer number of different types of coins that have been released over the years. However, you have to start somewhere. In this article, you will learn some of the important things that you should know before you delve into the world of coin collecting. Coin collecting is an incredibly fruitful hobby, and you can even sell off your collection for a very high sum of money. You would be surprised to know just how much money people are willing to pay for fully-stocked coin collections. Here are just a few things that you should know before you start collecting coins.


You Have to Start Somewhere

Many people follow the “forwards” approach, which means that they start looking for the oldest coins first and then move forward to the present day. Finding the rarest coins is incredibly hard work, and it is certainly not cheap, either. Therefore, it is best to start looking for coins that are currently in circulation and then start working your way back. Finding coins that are already in circulation is quite easy, as you can just go to the bank and ask them to change notes into coins for you.

Buy an Album

Keeping the coins in a box is not a wise move, as there is a chance that you might miss something or drop it. Moreover, showing your coin collection to others will be a problem as well. Instead, it is best to buy an inexpensive album where you can neatly organize all of your coins in one place.

Look for Reference Books

The rarity of a coin depends on various factors, such as its intrinsic value, the design, the workmanship, and most importantly, its age. Older vintage coins that were released for limited runs will obviously cost more to purchase, and are also incredibly hard to find. For more information about which coins you may be missing, you can out check reference books online.