Here are some pointers on starting your collection.
Never assume that all old coins will be in very poor condition.
If you are buying coins, you can expect such coins to be in respectable condition, even if it is over 500 years old. Of course, as the age of the coin increases, the condition, if very good, will add more value.
Find a suitable place to store your coins.
This does not mean that you have to buy fancy coin holders (although this would keep them in better condition). Coin holders can be fairly cheap or you can use an old shoe box or peanut butter jar.
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| Thai coin book. |
Store your coin collection in a safe place.
If you are buying expensive coins, invest in a safe-deposit box and containers that will not destroy the numismatic value of your coins.
Check with your local bank or financial institution.
Many will sell you rolls or bags of coins at face value
Decide what you want to collect.
- You might like to collect foreign coins or your home country's currency.
- You might like to collect smaller denominations or larger denominations
- You might like to collect circulated coins in coin folders to try to complete a series such as your own life span.
- You might like to collect uncirculated coins which have been available in the United States since the 1950s.
- You might like to collect proof sets which are uncirculated coins prepared especially for collectors.
- You might like to collect silver proof sets which are very beautiful (more affordable than gold) and their value will increase (or decrease) as the value of silver increases (or decreases).
Lastly do research on your coins.
Part of the fun of collecting coins is to know all details about them. Hop on to the internet and start looking for your coins. Find out their value, minting numbers and dates of minting.
World Paper Currency Blog
A personal collection of banknotes, coins and stamps.
Collecting Coins
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