Collecting coins is a lot of fun, and it can be profitable, too. Learn how to get started with your own coin collection, whether it is for yourself or for a youngster. There are many different ways to begin collecting coins. You can start your collection right from your pocket change, or you can build a collection of classic coins or bullion by buying from dealers.
One of the easiest and least expensive ways to protect and organize your coin collection is to use cardboard coin folders. There are several manufacturers, but basically all of them provide the same level of protection for your coin collection. They are constructed by cutting circular holes into the cardboard that fit the coin exactly and holds it in place. Underneath each hole is a date or description of the coin that belongs there. This helps you plan your collecting journey as you assemble a complete set of coins in that folder. Unfortunately, the construction of these folders only allows one side of the coin to be viewed. Additionally, the coin is exposed to the elements and possible fingerprint damage from people touching.
Grading coins is an essential skill to have if you want to make the best use of your limited coin collecting funds. Grading systems are based on simple concepts that are easy to learn, especially for circulated coins. Although grading services do some of the work for you, having a basic understanding of the criteria used by these services will empower you to make better coin buying decisions.
The primary purpose of grading a coin is to determine what the coin’s market value is based on how well the coin was originally struck, how well the coin metal itself has been preserved, and how much wear and damage the coin has suffered since it was minted. For most practical purposes, especially for beginners, we’re going to be concerned with how to tell how much wear the coin has had, and where it fits on the 70-point scale.
Now that you know the basics head out there and start collecting! A great place with a huge collection is Augies Collectables in North Central Wisconsin, they have friendly dealers and people who will help you get the coins you want!