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Coin Collecting as a Hobby

I was constantly curious as to what was the most popular type of collection. Subsequently in April 2011 a internet site that focuses on collecting conducted a research survey asking its members what it was which they collected. I found myself quite surprised by the result. Coins had been the most popular collection item comprising 69% of the actual total. I seriously believed trading cards or maybe even stamps might have scored higher than coins. By the way, stamps only acquired 2%. This particular survey did not enter into great detail about the collections, just what the collections contained. So what precisely is the selling point of collecting coins?

A person can start off collecting coins fairly inexpensively. All you"ll want to do is find coins and begin collecting them. Couch pillows, parking lots, auto seats, anywhere you"ll be able to discover coins is a superb starting point. You could manage your collections any way you would like. Chronologically, by denomination, by size, or any other way you would like to collect coins. You will find a few people who just desire to see how many of a particular coin they are able to collect. With the Government looking at the abolition of the penny, the collection may be worth more than you once imagined.

There are additional coins which may have particular meaning or a unique story. You will find the 1943 penny which was created from steel instead of copper and also other type of coins with an intriguing history. The history is what makes these coins so special to possess within your collection. These coins also have a fantastic possibility to raise in price more than more common coins.

Another great find in the coin collecting world is what these are known as error coins. They"re coins that are minted improperly or perhaps have additional sort of faults. The mint is normally incredibly careful to screen out this type of coins, then again on rare occasions some can slip through the screening procedure. Examples of error coins are usually when the impression is away from center or die hits the coin multiple times producing ghosting images. Pay attention to your coins. You might find one of these great finds.

Collecting coins can be a great way of introducing an individual in to the world of collecting. You can start out with little expenditure at all and who knows, maybe you can find some thing exceptional in your collection. At the very least you"ll help somebody realize just how interesting a simple collection may be. It"s really a technique to make a connection with earlier times along with other people who share the exact same love of coins and also collections.

Steps to Help Keep Your Coin Collection Value High

When you get bit by the coin collecting bug you may find yourself spending many of your waking hours on your coin collection. You have a lot of time and money invested in this hobby of yours so you need to be as careful as you can with your collection. You need to make sure you do not hurt the value of your coins by mishandling them in any way. Make sure you do not expose your coins to the elements or store them improperly. Be careful when handling your coin collection and only clean your coins if you know what you are doing. This article will look at some of the things you can do to ensure your coins value does not go down.

The place you decide to keep your coin collection will have a major effect on their condition. The temperate and humidity need to be as close to normal as possible. Storing your coin collection in a cold garage or basement or a hot attic is not going to help keep your coins in good shape. Dry conditions should always be a priority. Wet coins may oxidize. Keep your coins in the proper atmosphere and keep them in the proper holders. Your coin collection should stay in good shape for years to come under these proper conditions.
Make sure your coins are stored in proper storage containers. Although the choices for storage are many chose something that will give your coin collection safe storage for the long haul. Choose something sturdy and strong as the place you store your coins. Keeping your coins safely tucked away in your coin storage choice helps with another problem faced by the coin collector, handling your coins.
Constantly getting your coin collection out of the storage device is hard on your coins. Your hands contain oil, and it is all too easy to accidentally scratch that prized coin with your fingernail. Excessive handling of your coin collection could cause the coins to discolor or show excess wear. You have worked hard to acquire all of those great finds so try your best to keep them in the same shape they were when you got them.
Do not try to clean your coin collection if you do not have the knowledge to do so. Many a coin has been ruined by improper cleaning methods. Always seek out an expert before you do any coin cleaning.
Keep your coin collection in good shape and it will reward you when the time comes to sell off your collection. It sometimes can be hard work to find that perfect coin so do your best to keep it in great shape.

Coin Collecting Shops On The Internet

Coin collecting shops with a physical presence are few and far between. Unless they are lucky enough to live in a major town with a coin supply store or could come across a rare find in a pawnbrokers, numismatists were once confined to either waiting for their local coin club to put on a coin collecting show or traveling to the big city. The Internet has changed all this, and several coin collecting shops now have online presences. In this article, we will look at a few of the biggest.
The Coin Shop has the distinction of being the first coin collecting shop to trade online, having started its website in 1994, back when the only people with Internet access were university students, the military and a few hardcore techies. It prides itself on the accurate grading and fair pricing of its products, from the common to the rare, and also supplies wholesale.
The Coin Shop"s website has sections on state quarters, dollar coins, Euros, obsolete coins and ancient and medieval coins. It also sells books and software for coin collectors.
Lynn Coins is a Tennessee-based coin collecting shop that has been in business for over 30 years. It has two websites, lynncoins.com and LynnCoins.net. The former is the older of the two sites. It has a rather old-fashioned, cluttered design that makes it rather difficult to navigate, but contains a lot of informational content that has not yet been migrated to the new site.
LynnCoins.net is much more attractive to look at, but only contains the catalog part of the old site at the time of writing. It is probably advisable to look at both sites to make sure that the item you want is on there.
About Coin Collecting is not so much a coin collecting shop as an informational website run by the Auburn, Maine based jewelry store Republic Jewelry, that also links to their coin catalog. Their wealth of introductory articles on the history of coins and the art of coin collecting make the site the ideal first stop for the novice coin collector.
The site seems to only carry US coins, but they also sell related items such as coin folders, price guides and even state quarter teddy bears, embroidered with each state"s name and date of entry to the union, with a clear vinyl pocket to store that state"s quarter.

Coin Collecting Books - What To Look For

So you"re new to coin collecting and you"re looking for a book to help you with coin valuation. How do you choose between all the different titles? This article discusses what you should look for in a coin collecting book.
A quick search on eBay or Amazon will turn up a multitude of books dealing with coin collecting. If you"re just getting into this exciting hobby then you"ll not know what to look for when choosing your first coin collecting book.
When you"re just starting out you should be looking for a general reference book, something which is intended to appeal to collectors from every walk of life. Don"t get too specific initially. Once you"ve settled more on what you want to collect then you can begin looking for more specific sources of information.

The beginner should be looking for coin collecting books dealing with subjects such as helping you decide what to collect, how to store your collection along with the basics of repair, restoration and recoloring.
You should also make sure that the book includes sections on pricing, how to find a good coin dealer, picking up bargains at auctions and maybe an introduction to the more exciting side of this hobby with expensive, rare and unusual coins.
However, as we have already mentioned, before you get into these more specific areas your first coin collecting book should be showing you how to do things like getting your collection off the ground. It should show you where to go in order to find coins which are worthy of being included in your collection.
Coin collecting is a minefield and beginners can easily get ripped off. Your first book should warn you about what to look for when you"re making the all-important decision of whether to buy a coin or not. This is the moment when you could be wasting your hard earned cash on a red herring and believe me, there are plenty of people ready to rip you off in an instant.
The better coin collecting books will include sections on things like what separates a regular collector from a great collector, finding the coin dealer who is right for you, preserving your coins, tools of the trade and the different types of coin collecting.
So now you know what to look for before you purchase your coin collecting book. Why not also consider an audio book? Why limit yourself to reading the words from the page? An audio book allows you to absorb information while you"re going about your daily business. You can burn the book to your MP3 player and listen to it anywhere.

Coin Collecting Depending on Your Age and Budget-Level

Coin collecting is a fantastic hobby to have, but like many hobbies, it can be a little hard to get started. There are varying levels of coin collecting and you need to make sure you know which level you identify with. They are the same precautions you would take if you were learning to paint. You wouldn"t go out and spend hundreds of dollars on professional painting tools and supplies if you"re really not at that skill or interest level.
Therefore, if you are starting a coin collection for the first time, you would need different supplies than the veteran collector who has been collecting for decades. Coin collecting can be an expensive hobby depending on what level of collector you are interested in becoming, so it"s best to be realistic when you think about what supplies you need. Here is a little guide to help you decide where you stand, and what the best option is for you and your budget.
Young Collector or Low-Budget:
For young collectors or those without an exorbitant amount of money to spend on coin collecting, you don"t need to go all out to get started. All you need to have a successful collection is an interest in the hobby, a keen-eye for good coins, and a box to put your finds in. If you want to protect you coins from banging around and getting dull and scratched, put them in an envelope inside of the box. Many kids starting out don"t have the attention span or the funds to maintain dansco coin albums, so it"s best to start off small and the interest and professionalism will grow with the individual.
Teen Collector or Low/Medium Budget:
If you are in the mid-level of collecting or just want the step up from the plain-box, you may want to consider something that holds each individual coin and displays it attractively. Great coin holders are coin envelopes or sleeves with slots for each coin. Coin folders are also a viable alternative. They aren"t quite as serious and professional looking as a leather coin album which can be an attractive attribute for a mid-level collector, as it can be less intimidating. Also, at this level of coin collecting, you may want to consider buying a good coin identification book. These can be great tools for helping you get pricing information on coins. If you"re not able to purchase a book, the library could be a free substitute.
Adult Collector or Moderate Budget:
If you are at this level, your interest in coin collecting is higher than the average individual"s, but budget is still a bit of a limit for you. It is still best to start gradual and build your coin supplies as you see fit. Starting off on the simple collecting foot is always smart. By not investing a great deal of money in the beginning, you are potentially saving yourself a fortune if you loose interest in the hobby or feel that you don"t have enough time or energy to keep up with it. However, if you feel you are dedicated to the hobby and are willing to keep up with a professional type of album, you should go for it. Dansco coin albums are a really elegant choice, and preserve your collection for generations to come.

Coin Collecting

As a child I had many hobbies and collections of sorts and my collections became my hobbies. It started with rocks and seashells, including a rock polisher that I could use to polish certain rocks while others were better left natural as they were nature"s works of art and I cherished them just the way they were. My hobby of collecting rocks and shells soon progressed to coin collecting and anything else that was unusual and small enough to fit into my small secret treasure box.
The collecting hobby faded away as I got older with my interest turning to more important things like boys, sports and just hanging out with my friends. Eventually all of my rocks and shells were given back to mother nature and my coins, well I still have those. I also have a 1965 two-dollar bill.

Just recently I landed on a coin site called www.coastcoin.com [http://www.coastcoin.com] and re-discovered my treasured childhood hobby of collecting. After browsing various types of rare coins and currency, I decided that coin collecting isn"t just another hobby it"s a trade, a very unique and somewhat eccentric trade that has become very appealing to me.
I don"t know much about the value of collectible coins, so I did some research. First I joined a coin forum because there is a lot of free information to pick up in niche forums like that. They gave me great advice. I was referred to http://www.coinworld.com where I found a wealth of information. Coin World is a great source for beginners and connoisseurs a like. I found a lot of answers to my questions there and they also list upcoming coin shows. I have decided to attend the next one in my area to get an up close and personal glimpse of the coins and currency on display, meet some interesting people and hopefully gain more insight.
For me at this time coin collecting is still a hobby. I just don"t know enough about the value of old and rare coins and currency to buy and sell, but I"m working on it. I imagine the very experienced coin collectors and dealers started with childhood treasures that grew into a very lucrative and interesting career of buying and selling rare coins and currency. I can"t wait to go to my first show.

Coin Collecting and Cataloging

Coin collecting has a lot more to it than just getting a few coin sets and keeping them on display or in a drawer somewhere. The most adept coin collectors want to catalog their coins properly. A written record of your coin collection is what makes you a true collector, instead of just an accumulator of coins. And it"s also important so you can always keep track of what you have, bought, and sold over the years, as well as changes in value.
A catalog of coin sets and collections is important for a variety of reasons. One, it makes it easier for anyone whom you may pass your collection down to, to understand the value of it and liquidate it easily if they aren"t going to keep it for themselves. You also want a catalog because the IRS requires information that supports purchases and sales of coins, as well as any received as a gift.
Cataloging means you"ll be taking note of a few things. You need to write down the coins name, how much you originally paid for it, as well as its current value (which will be ever changing and is good to keep updated as often as possible). You"ll always want to note other things like any deformities, unusual traits, and general condition.
There are several ways you can start a catalog of your coin sets and you should probably use more than one. Handwriting it in a notebook is a must. There"s a ton of electronic ways to record your information, but nothing is a better backup than a hand written log.
You can also use a checklist to catalog. There are many to be found online and print out, which while not as free form as a notebook, may give you a better comprehensive list, as well as give you ideas of coin sets you may want to acquire in the future. A spreadsheet is also a good tool to use and can be fully customizable to your needs. It can match your notebook catalog a bit better, so it may be smart to have a notebook and a spreadsheet on your computer so you can have two different backups.
Software is another choice and most can be found for any budget. They range from inexpensive to a bit more pricey, depending on the features and extent of the coin information it contains. It can be helpful for those who don"t want to have to do too much work on their own, but can just input information easily. No matter what you choose, having a catalog of collectible coins is one of the most important things you"ll do as a collector.

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