The first recorded coin collection belong to Roman Emperor Augustus Caesar over 2000 years ago.
Coins are a lot easier to collect today because there are far more coins available. In fact, there are over 1 trillion coins in circulation worldwide!
There’s never been a better time to become a coin collector, so to help you get started, we’ve put together this helpful coin collecting guide to make sure you get your money’s worth.
Types of Coins
Before you learn how to begin collecting coins, you need to learn what types of coins are available. Coins are sorted into different categories based on their history.
Some coins, like business strike coins, are easy to find but are not very valuable. Other coins, like error coins and ancient coins, are a lot more difficult to come by, adding to their value.
Proof coins are high-quality, rare coins specially minted for the purpose of being collected. They never enter public circulation so they are usually in excellent condition.
Browse through this guide on the different types of collectible coins to learn more.
Pick a Theme
Once you are aware of the different categories of coins, you’ll need to pick a theme for your personal coin collection.
You could choose to focus on coins with historical significance, like coins that were produced in World War II. You could collect coins that are no longer in circulation, like the Greek drachma or Italian lira. You may choose to focus on commemorative coins that feature specific designs like landmarks or automobiles.
If you want to leave your mark on the world, try designing your own challenge coin! Check out these tips to help you get started.
Do Your Research
There’s an old saying among coin collectors. “Buy the book before you buy the coin”.
Valuable and rare coins can sell for vast amounts of money. As a coin collector, it’s important to do your research before buying or trading coins. You should be informed about the history of the coins, what condition they should be in, and which markers to look for on the coins to verify their authenticity.
This will prevent you from spending your hard-earned money on forgeries and cheap duplicates.
Storing Coins
As you collect more valuable coins, you’ll want to protect your coins from damage and show them off to your friends and family.
You can show off your coins in a coin tray or album. For the best protection, store your coins in a coin envelope. Coin envelopes are made from non-reactive materials and are air-tight to prevent oxidization.
Cleaning Your Coins
Coins are pretty hard-wearing, but if you want to keep a coin in peak condition, you’ll need to be very careful about how you clean it.
Abrasive sponges, chemicals, or even a soft cloth ca all scratch the surface of the coin. In fact, many experts advise not to clean your coins unless absolutely necessary.
If you do need to clean it, soak it in slightly soapy water, or olive oil for a few days, rinse it with tap water, and then air dry it.
Coin Collecting Is the Hobby You’ve Been Waiting For
Coin collecting is an educational and exciting activity that anyone can participate in. Now that you know the basics, get out there and start coin collecting today!
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