Like any hobby, becoming a coin collector requires a bit of learning and patience in exchange for a lifetime of fun and discovery. But if you have never built a collection, it can be hard to know where to start. With the following guide, you will be well on your way to creating a unique series and the first of many outstanding collections!
How to Start Coin Collecting
1. Learn the Basics
Numismatists have been collecting coins for centuries, so if you are just joining in the fun, you will have some catching up to do. Dive into the common terminology by reading books about coin collecting or studying online glossaries. You will want to know the anatomy of a coin—details like obverse sides, mint marks, and decorative edge types. You might also want to learn about what makes certain coins rare, such as the difference between circulated and uncirculated or lucky accidents like double-die errors.
2. Choose a Theme
While learning the basics of coins, you might come across niche topics that interest you more than others. If you cannot stop researching coins made at the Philadelphia mint or during the World Wars, let your curiosity take hold. This is the first step to choosing a theme for your first series as a coin collector. For example, your collection might feature coins only made in France, commemorative U.S. coins minted after 1950, or proof sets from a specific mint.
3. Start Building Your Collection
Once you have found an area of interest to focus on, it is time to select the first pieces of your collection. Some coin collectors like to take matters into their own hands, such as sifting through rolls from their local bank or hunting for rare coins at a flea market.
Or you can go straight to the source—a coin dealer who appraises and authenticates rare coins. When browsing, you will have to consider both your budget and your personal opinion. For example, just because a coin is rare or valuable does not mean it necessarily speaks to you. Look for coins that catch your eye, are in good condition, and would make an exciting addition to your collection.
If you are interested in becoming a coin collector, head to Coins Plus of Cincinnati, OH. In business since 1972, they are eager to spread the joy of numismatics to people of all ages, and they are the city’s only "National Award Winning and PNG Dealer.” To learn more about their services, visit the website, or call (513) 621-1996 to schedule an appraisal.