user_4023's Blog

17 Jun 2015

Beginning collector

Coins | user_4023

Hi I am a beginning collector. I have a small collection. My best coin is a 1909 V.D.B in the AU. I am working on a type set and a lincoln memorial album. if anyone had any advice for me please do not be shy. I love collecting and I got the "bug" from my grandfather who has a nice size collection. It amazes me that someone in 1909 held the same penny i'm holding in my hand as I write this post. Well thanks for reading.



Level 5

Welcome to the hobby. Learn to prepare for going to coin shows. Set a goal like "looking at as many half-cents in Very Fine as possible." Read the Redbook and other information about half-cents before going to the show. Then stick to the goal at the show. Don't get distracted by all the cool stuff the dealer want to show you (and sell to you). When I was working on a type set it took me for years to complete. I know about ever coin I have in the set. And it was one of the best experiences I have had in 55 years of collectiong. Good Luck.


Level 5

Get yourself some good literature. The more you learn the better. A Guide Book of United States Coins (The Red Book) is a must. ANA has a grading guide for US coins that has very good photos. Read as much as you can. If you have a good coin shop near you try to build a relationship. Good luck.


Level 5

Welcome to the hobby of kings, and the king of hobbies! If you are going to build sets, start with the tougher, key dates. Most people do it all wrong, and start with buying all the common date, stuff that doesn't much fluctuate in price. Meanwhile, key dates often perform well over time, and so many set builders get stuck having to spend crazy money just to get those last 2 or 3 coins, that likely would have been much cheaper when they first started collecting. Also, learn to grade coins as well as you can. It isn't easy at first, but the more coins you see over the years, the better you'll get. Just don't get discouraged too easily - there are so many resources available to help you; just need to reach out to local coin clubs in your area, as well as ANA members. Once again, welcome and enjoy the hobby the best way that YOU see fit to your desires!

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