Becoming a coin collector can be an immensely satisfying and exciting hobby. However, with a long history of coin minting in the United States and an extensive range of coin prices, it might seem intimidating to start your coin collection. Below are some helpful tips for starting small.

4 Tips for Beginning Your Coin Collection

1. Start Simply

Sometimes, the best way to start a coin collection is to begin with what you already have. Do you have some older coins that intrigue you or a silver dollar that has been passed down? Look up information on these coins and start your collection with pieces that already have meaning for you.

Once you are ready to start purchasing coins, look for ones that had a large mint run, as this means they will likely be less expensive than starting with ultra-rare pieces.

2. Learn the Language

When browsing coin sites, you may come upon unfamiliar terminology, which may be common words used by coin collectors. Understanding some of these terms will help you find the information you are looking for better, so here are some standard terms. Face value refers to the original value of the coin itself, meaning that a penny would be one cent face value. Intrinsic value represents the actual value of the currency, which factors in its historical value, what you paid for it, its rarity, and its collectability. 

3. Find Coin Sets

Coin sets are great ways to start a collection. They are sets of uncirculated coins, or proofs, produced by a mint. Most mints have this type of set, and they are usually a more budget-friendly way to build a collection.

4. Handle Coins With Care

To keep your coins in good condition, ensure that you are handling them properly. Handle your coins while wearing soft cotton or latex gloves and try to pick them up and mostly hold them around their edge. One of the most important rules is never to clean your coins. Many cleaning agents will cause damage to a coin. 

Becoming a coin collector is a great way to engage with history while enjoying a wonderful hobby. For your coin collecting needs, turn to the experts at Coins Plus in Cincinnati, OH. Since 1972, they've offered professional appraisals and the fairest prices in the industry. To speak with a coin expert, call them at (513) 621-1996. You can also visit them online to learn more.