If you need a new hobby, consider coin collecting. It is fun, educational, and sometimes even profitable. Plus, according to Brad Karoleff of Coins Plus in Cincinnati, OH, anyone can be a coin collector. All you need is a willingness to learn.  

Insider Tips for Novice Coin Collectors

1. Buy the Right Tools

Before you start collecting, there are a few tools you should purchase. A coin album, for example, allows you to store your collection protecting them from damage. We also recommend getting a pair of cotton gloves to wear whenever you handle your coins. These will protect the pieces from any dirt or natural oils. Finally, a good magnifying glass will help you enjoy your collection.

2. Start Small

Take it from this experienced coin dealer: it is best to ease into numismatics rather than diving in head first. Start with small coin purchases and easy-to-assemble sets. These items will allow you to learn the ropes without the significant financial investment. Then, when you’re ready, you can venture into more advanced territories.  Remember to ask questions to better understand your new hobby.

3. Find Your Niche

There are no rules regarding which coins you should collect. Try researching different types until you find which ones most appeal to you. You may be fascinated by a set’s design or unique history. For those with other coin collectors in the family, you might instead enjoy pieces with familial significance. The possibilities are endless.

4. Use Proper Handling Techniques

Mishandling your collection can result in irreparable damage. So, when you pick up a coin, always wear gloves or hold it by the edge. Most importantly, NEVER clean a coin. While cleaning increases shine, it also damages the surface of the coin making the piece less valuable. Instead, dealers recommend that coin collectors leave their coins in original condition.

5. Visit a Coin Shop

The best way to learn more about this hobby is to talk to other coin collectors. A coin dealer knows the ins and outs of coin buying and can provide valuable tips. They can also recommend helpful literature or refer you to local numismatic clubs and organizations.

With these tips on hand, you are well on your way to becoming a knowledgeable coin collector. For more guidance, call Coins Plus at (513) 621-1996. Their team has over 100 years of combined dealing experience and will help you learn the ropes. You can also learn more about Brad Karoleff and his coin buying services online.