Find Out How To Get Started In Coin Collecting

Posted on: 26 January 2016


Coin collecting is a hobby that many people enjoy. It can be very easy to start, all you need to do is to start looking at all the coins that you get in change every day. But, if you are going to get into coin collecting seriously, there are some steps that you can take in order to get going. 

Buy a Book

When you first start collecting coins, you might not know what you should look for. For example, did you know that the Wisconsin state quarter that you got back in a handful of change could be worth several hundred dollars? There was a mistake in minting those quarters in 2004. On some of the coins, the design is perfect. However, there are some that look like there is an extra leaf in the design. Those coins are worth far more than their face value. There are other small imperfections that you can look for on coins that will cause them to be collectible. Since some of those imperfections are very small, as small as a missing letter, those coins don't just jump out at you. The best way to find out what coins are worth collecting and which aren't is to get a coin guide. The guides may not always print the value of the coins since that can change from day to day, but you will learn what you should look for. 

Get the Right Tools

There are all kinds of fancy tools that you can get when you start collecting coins. But, you don't need a lot of tools to get started. You just need the right tools. In order to get started, all you really need is a bright lamp that you can shine right on the coins, a magnifying glass, a soft towel, and an album to store your coins in. The light is so that you can see the date and mint marks. The magnifying glass lets you see those marks much easier, especially in an older coin that may have some wear. You can place the coins on the soft towel while you are examining them, before slipping the keepers into the album. As you get into the hobby, you can add in other tools as well. For example, you may want to use something like a high-quality jeweler's loupe, or jeweler's trays, in order to check out the coins. 

If you think coin collecting is something that you might want to get into, figuring out what you really need to get started will help you. For more information, consider contacting a professional like those at Penny Pincher Coins & Jewelry.