The hobby of coin collecting often starts at a very young age. Children are fascinated by the different sizes, colors and feel of coins. If they show an interest in collecting coins, parents should encourage them to pursue the hobby. A child might start out by collecting coins from their parents pocket change and trying to get one coin from every year. Maybe they will want to group together all the different denominations for the year they were born. As they get a little older and want to focus more on their hobby, there are many ways they can add to their collection.
Grandparents who know that their grandson or granddaughter has an interest in coin collecting have a wonderful chance to give them a gift that is both educational and can possibly turn out to be a great investment. A commemorative coin set or perhaps a shiny new American Eagle silver dollar would be welcomed by the young collector. You’ll never have trouble deciding what to get your grandchild when they love collecting coins.
Adults, who may have started out collecting coins as a childhood hobby, may have stopped collecting coins after they hit their teens and started getting interested in the opposite sex or the many other activities that suddenly filled their lives. After they’ve aged a little and settled down a bit, they might want to get back into coin collecting. The reason may not be so much as a hobby to pass the time, but rather, as an investment, where they hope to someday turn a coin collection into big money.
Say for example: After your interest is sparked by finding a shoebox full of coins that had been stored away in the attic, and unseen by human eyes for nearly ten years, you decide to resume collecting coins. Now that you are serious, the first thing you’ll want to do is take stock of your old collection. You may need to get a bunch of coin holders to protect those coins, or you may find they are basically just worth the face value and not worth keeping as part of your new collection.
This brings up the need to educate yourself on coin collecting. You can pick up a book or two and learn all about coin collecting. Everything from knowing the condition of a coin to its value, should be studied. Next decide what area of coin collecting you want to pursue. Perhaps you want to collect quarters. Depending on your budget, you might start with collecting all of the 50 state quarters that were an immense hit with the coin collecting crowd. Buy the best you can afford in terms of condition. It will cost a bit more, but, in the long run, it will be worth more. It is better to buy one very good coin than to spend your money on ten very average coins.
Take a trip down to your local coin shop and talk to the owner or salesperson. Pick their brain for awhile. They are usually very knowledgeable and more than happy to set you on the right path. While there may be a few coin dealers that are unscrupulous and just looking to make a sale, as a group, most coin shop owners and coin dealers are very honest and price their inventory at fair market value. Finally, build a good relationship with the coin store owner and you will have a friend in the business that will make you a good deal the next time you come back to add to your collection.
Photo Credits: kevindooley
Originally posted 2010-08-03 09:13:47. Republished by Blog Post Promoter
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