Coin collecting can be an exciting hobby reminiscent of treasure hunting. Whether you search for old coins or focus on ones from a specific location, taking the right steps before starting will ensure you have the best tools to start a valuable collection. 

Do:

Start small.

Choose a small, affordable starter kit that you can use to learn the ropes. Smaller sets are easy to assemble and will give you the chance to discover their history without becoming overwhelmed. You can also practice grading techniques to learn what to look for when you expand.

Purchase the right supplies.

Make sure you have cotton or latex gloves for handling your collection, especially delicate, old coins. Find storage books specifically designed to protect coins from degradation. Invest in a quality magnifier so you can inspect details, which will help you appraise potential coins for purchase.

Visit a coin shop.

Even though old coins can be purchased online, going to a shop is your best bet. With the chance to see the coin in person, you can view any problems up close. You can also ask the coin dealer and appraiser questions about the piece, including history and grading.

Don’t:

Neglect research.

Jumping in without researching first will only cost you in the end. Before investing in anything, do your research. Read books and articles on the hobby, and learn from expert advice in guides. Find out what sets are out there and what to look for in quality. Also, learn how to spot damage that will lower your collection’s value.

Focus on age.

While many old coins would make amazing additions to any collection, newer coins will also bring incredible value to your inventory. Coins from a decade ago with printing errors and limited circulation can be just as valuable as an old coin from 100 years ago.

Rush.

Rushing will only lead to frustration and losing money while buying and selling coins. Avoid purchasing anything without researching it first, and take your time to seek out high-quality pieces with top appraisals.

For help with your new coin collection, trust the experts at Hawaiian Islands Stamp & Coin in Honolulu. Since 1973, the shop has been the leading authority in old coins, stamps, gold coins, and paper money. Their inventory includes Hawaiian coins and other rare collectibles, and their reliable appraisals make them the top choice when you need the value of a new piece. Visit them online or call (808) 531-6251 to find out more about their stock.