Coin Collecting 101 – How to Start Collecting Old Pennies

As a hobby that dates back centuries, coin collecting is enjoyed by novices and advanced collectors alike. Whether it’s for the history or the value, it can be an interesting way to spend time. Before diving into the hobby, you should understand what type of coins interest you. You might be drawn to particular inscriptions, images or the material the coin is made from. Some people choose to collect coins by year, while others may seek out specific mint marks.

As you build your collection, keep in mind that the condition of a coin is important. The more pristine, or uncirculated, a penny is, the more it will be worth. A coin that shows signs of wear and tear is referred to as circulated. In some cases, however, even a worn penny can be valuable.

If you’re interested in starting a penny collection, it’s important to know what to look for. First, you should consider the date and mint mark. Certain combinations, such as the 1909-S VDB penny, are considered rare and highly sought after by collectors.

Another key thing to remember is that the silver content of a coin will affect its value. A coin minted before 1965, for example, will be more valuable than one that was produced after 1970 because of the difference in silver prices at those times. Once you have a good understanding of the basics, you’ll be ready to start looking for pennies in your pocket, couch cushions and old piggy banks.