Coin collection - Deciding What to Collect ?
Because money is a limiting factor, no matter how much of it you have, figure out how much you want to budget for your collection, and then decide where to spend it. Here are some suggestions for interesting and challenging ways to collect coins:
- Denomination: Try putting together a complete set of all the different denominations issued by the United States. Start with the coins in circulation and then include obsolete coins like a half cent, a three-cent piece, a 20-cent piece — coins that most people have never heard of.
- Type: You'll find a number of different types within each denomination. For example, half dollars include the Flowing Hair, Draped Bust, Capped Bust, Seated Liberty, Barber, Walking Liberty, Franklin head, and Kennedy types. You can collect by type within a denomination, or you can expand into other denominations.
- Date: Collecting by date is a fun and affordable way to obtain every date for a particular series. For example, you could easily collect a half dollar from every year they were minted since 1900. There's no reason to pay extra for a rare mintmark — just pick the least expensive coin for the year and add it to your collection. Not only will you have one coin from every year, but you'll have added several different types along the way.
- Date and mintmark combination: Collecting every date and mintmark combination becomes a bit more challenging and expensive. Most series have what Ron calls a stopper — a rare mintmark that can sometimes be prohibitively expensive. Believe us, you don't want to attempt to collect a set of Barber dimes unless you have a lot of money. You may find and be able to afford every date in the series except for the extremely rare 1894-S — you'll need $1,000,000, or more for a nice one! On the other hand, there are several series that you can complete without breaking the bank. If you can't afford the Barber dime set, try the Barber half dollars instead. The coins are bigger and every date and mintmark in the set is affordable.
Keep in mind that until recently, coins minted in Philadelphia had no mintmark. - Year: Many people try to buy every coin issued in the year of their birth. If you're under 50 years old, all you have to do is buy the mint sets and proof sets issued by the government in the year of your birth, plus any commemorative coins issued that year. If you're older than 50, you may have to search a little harder — but that's half the fun of collecting coins, isn't it? If you really want to go all out, try collecting coins issued in your birth year by other countries!
Questions and Answers
Collecting is a very enjoyable hobby. Every once in a while collecting can be very profitable say in the case of a rare stamp collection, paintings, baseball cards.
Have you ever bought coins online or over the phone after watching a commercial on TV? These rare coins are often sold along with coin collecting folders. These coin collecting folders allow you to display the coins in your collection all in one often tri-fold folder. The folders also act as a coin collecting holder because they encase your coins in a plastic sheathe.
Coin collecting is becoming increasingly popular as a hobby and a part time business. People collect and trade Roman coins for many different reasons. Some admire the beauty, others like the history surrounding them, and some use it as an investment vehicle.
There are many basic supplies necessary for coin collectors. Manufacturers have managed to tap into the business of producing products useful to enhance the activity of coin collecting for the collector. Many of these products are necessary as without them it would be impossible to maintain the condition of the coin. In this article we will explore this in more detail...
Coin collecting is a fun hobby to start and the thrill of hunting for old coins is enough for many people to continue doing it. Other people consider coin collecting an investment, something they can receive a profit from.
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