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How to Start a Coin Collection



Thinking of starting your own coin collection? Many people has come to realise that coin collecting is not only entertaining but educational as well. Besides it’s really fun and real easy to start! And soon enough you may become a numismatist! Well, that’s not completely accurate because a numismatist is actually a scientist who studies coins in detail, their material and their history etc. But you can wow your friends that you are really quite smart by telling them you’ve taken up numismatics! :)

Here are some quick pointers to get you going :

Research On Coin Collection

This first point is common sense. When you start anything new, the first step is to gather information and research research research! Learn everything you can about starting a coin collection. Since there are lots of resources both online and offline, you can find information on starting a coin collection in books (go to the library and look through some before you buy your own), magazines, websites, and from other coin collectors. Go to a coin shop, and just talk to the people there. They love to share information, and they’ll tell you about coin shows and other events where you can learn more about starting a coin collection. You can also visit popular online forums about coin collecting as well as informative coin collecting website like this one ;)

Decide What Kind of Coin Collection

A word of caution here, you may start out small by collecting US State quarters here and there, but soon enough and before you know it, coin collecting can take over your life. Don't say that you aren't warned! Usually this "disease" starts small and seems subtle at first, then soon you’ll start looking for silver quarters. Then it will take over your life! And before you know it your coin collection will need its own room. But you do have to begin somewhere, even if it’s just collecting your change in a jar for a while until you figure out which coins you want to collect.




Spend a Little Coin

Sorry about the pun! But truth be told, once you go through the above 2 steps, the next point at which you actually start your coin collection is that point when you start spending money by buying books about Lincoln head pennies, or folders to put buffalo head nickels in. You’ve invested actual money in your coin collection, and now it’s an official hobby.

Invest a Little Time

What's next? Well then, here another word of caution: invest a little time only. This will be stage where things start bubbling... but control yourself, don’t let your coin collection consume all of your time. You need time for entertainment, time to spend with friends and family, time to eat and sleep… So try to spend only a little time going through your coins and finding new ones for your collection. I know it is hard but please try! Spend a little time talking to other coin collectors (and make new friends so that you can spend time with friends while working on your coin collection). Spend a little time going to coin shows, or searching for that one specific coin you need, or trading with other coin collectors…

Most Importantly : Don’t forget to go to work.

Leslie Lee

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