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CheerioCoins's Blog

01 Jan 2022

A Guide for New Collectors!

Young Numismatists Exchange | CheerioCoins

Happy New Year everyone! I hope 2022 will be a great year for collecting! Looking forward to the new 2022 American Women Quarters which will feature Maya Angelou, Dr. Sally Ride, Wilma Mankiller, Nina Otero-Warren, and Anna May Wong. I will put a picture in case you want to see the design. Anyway today's informational blog will be about tips for new collectors! I have have noticed lots of new collectors wondering where to start and what are some tips for beginning the coin collecting journey! Today a will tell a few tips about how to start from scratch and create a great coin collection.


The first tip I have is to start small and then go big. What I mean by this is that let's say you want to start a Morgan Silver Dollar folder. That is one bit expensive set to complete. You probably want to start with something small you can complete from circulation. Like the first wheat cent folder. A lot of these you can find by roll searching. Roll searching or roll hunting is when you get coin rolls from the bank and sort them for valuable dates, errors or coin you need for your sets or folders. Then when you've gotten more experience you can do bigger folders and sets like the Morgan Dollars.


The next tip I have is to join a coin club. My coin club gives me information they have to get a better collection. They have raffles and an auction so I can grow my collection. If you are having trouble finding a coin club near you scroll to the top of this page and you should se a FIND A CLUB button. When you click on that button you type in where you live and it will tell you a near by coin club. It has a lot to choose from.


Another tip is to get a price guide like Red Book. Red book will tell prices and give lots of good information. Another price guide is Greysheet which use for pricing coins. Greysheet doesn't really give as much information as red book but has more coins prices. Plus lots of prices for a wide variety of grades.


Another tip is to read lots of books and magazines on coins. I like to read The Numismatist a magazine you should get if you have a membership to the ANA. Also there plenty of good books you can find at a local library or coin show. Some books I like are Strike It Rich With Pocket Change, Coin Collecting for Dummies and A Guide to Coin Collecting.


My final tip to new collectors here on ANA is to read others informational blogs. When I first started here on ANA I was new to collecting and have learned so much from all my friends blogs. If you want to be friends with people just click the follow button and send them a message. They will probably write a reply and help you on your coin collecting journey.


If you have any tips for new collectors do type them in the comments! Thank you for reading my blog and I hope all the new collectors reading this learned something! Happy New Year and have a great rest of your day!


CheerioCoins

Comments

$tarCollector

Level 4

I had been collecting for about 1 1/4 year when I first got membership to it. I learned valuable things from others' informative blogs even at that level of experience. What I am trying to say is that everybody can learn on this site no matter what experience level you are, but this is also a great learning spot for beginners.

user_94933

Level 3

I will be collecting these and thank you for the great tip

CheerioCoins

Level 5

Yup! Thank you!

TheHobbyist

Level 4

I have one tip: Get good Grades. Because if you do, you get coins from the ANA. I also think at one point, if you got good grades, you would get a free annual membership. I don't know if it's there anymore, but it's how I got mine. Happy New Year!

CheerioCoins

Level 5

Yeah I think you can still get a free member ship if you get four or more A’s. The ANA is great about giving coins to their members! Thanks and Happy New Year!

Kepi

Level 6

All good ideas! Thanks! ; )

CheerioCoins

Level 5

Thank you!

Longstrider

Level 6

Well done. Thanks

CheerioCoins

Level 5

Thank you!

Mike

Level 7

My mentor always good me collect what you like. I added and in your budget!!

CheerioCoins

Level 5

Yup all great tips! Thanks!

AC coin$

Level 6

Good information . Thanks

CheerioCoins

Level 5

Thank you!

"SUN"

Level 6

Good advice for new collectors, "old" collectors can follow the advice, too

CheerioCoins

Level 5

Yeah. Thank you!

I. R. Bama

Level 5

Greyheet is the wholesale dealer pricing guide. Redbook lists retail prices, generally 20 to 40% higher in price. Another important difference is that Redbook only comes out once a year. Grey sheet comes out monthly. I buy Redbook for the knowledge. I buy grey sheet to get an idea of how to get the best price for a coin I want Good blog, thanks!

CheerioCoins

Level 5

Yeah. Thanks!

Golfer

Level 5

Happy new year! Everyone can learn a lot from reading the blogs. I have seen so many numismatic items in blogs, I had never heard of before. Seen a lot of topics. Collect what you like is a great tip. Read numismatic books.

CheerioCoins

Level 5

Yup! Thanks!

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