3 Tip To Think About When Starting Your Coin Collection

When you want to be sure that you are able to start a great coin collection, you will need the tools and advice to do so. There is a bit of a learning curve to get started with your new hobby, especially if you are looking to collect rare and valuable coins. With this in mind, take advantage of some of the following tips, as they will get you started with your new collection in a way that makes the most sense. 

#1: Get Your Hands On The Tools Of The Trade

If you are truly going to have an appreciation and understanding of coin collecting, you will need to collect the items that will help you to store and appraise your coins. You'll want to purchase a high-quality magnifying glass so that you can zoom in on your coins and appreciate each and every detail. Next, you'll need a Red Book, Black Book or some form of price guide so that you are able to easily find out what your coins are worth on the collector's market. Since you generally are not supposed to clean collected coins, you will want to also purchase the right storage tools, such as folders, flips, and tubes. These storage mechanisms will help you keep your coins safe and sound while also putting them on display. 

#2: Begin Small And Simple, By Using Current Coins

Since you are a beginner, the last thing you want to do is be intimidated by your collection. That can easily happen when you start out by acquiring coins that are incredibly valuable and you aren't quite used to handling and appraising them. To get a feel for being a coin collector, you should start out with coins that are in circulation right now. This takes a lot of the risk out of the equation and lets you get used to collecting, with no pressure. Some great places to start are limited edition commemorative coins or state based coins. 

#3: Scope Out Quality Coin Dealers 

Finding reputable coin dealers is your bread and butter if you're trying to start a quality collection. In order to make sure that you are finding the best online coin dealers, check their accreditations and seek references from your numismatic organization or publication. The right dealer will help you to not only get some of the best pieces, but fair and trustworthy trades and appraisals. 

Follow these tips, and you will get off to the best start with your coin collection.