Coin Collecting 101 – How to Start Your Collection

Coin collecting (numismatics) is one of the most rewarding hobbies you can start today. In February 2026, with precious metals near all-time highs and digital tools making research and buying easier, there’s never been a better time to begin.

Why people collect coins:

  • History in your hands – hold a 100-year-old Morgan Dollar or a Roman denarius
  • Potential investment – certain rare coins appreciate over time
  • Art & craftsmanship – coins are miniature sculptures
  • Community & discovery – coin shows, online forums, auctions, and the thrill of the hunt

How to start in 2026 – step by step

  1. Choose a focus (don’t try to collect everything)
    • U.S. coins (Lincoln cents, Jefferson nickels, Roosevelt dimes, Washington quarters, Kennedy half-dollars)
    • World coins by country or theme
    • Ancient coins (Greek, Roman, Byzantine)
    • Modern bullion (Silver Eagles, Gold Maple Leafs)
    • Error/variety coins
  2. Start small & affordable
    • Whitman folders or Dansco albums for circulated coins ($10–$30)
    • Buy circulated sets (Lincoln cents 1909–present, Jefferson nickels 1938–present) for $50–$150
    • Add one or two key dates or silver coins for fun
  3. Learn grading basics
    • MS (Mint State) = uncirculated
    • AU (About Uncirculated) = light wear
    • XF (Extra Fine), VF (Very Fine), F (Fine), VG (Very Good), G (Good)
    • Start with raw coins; later consider PCGS or NGC slabs for protection and value
  4. Where to buy safely
    • Reputable dealers (APMEX, JM Bullion, GreatCollections, Heritage Auctions)
    • Coin shows (local or national)
    • eBay (buy from sellers with 99%+ feedback and return policies)
    • Avoid random Facebook Marketplace or Craigslist unless you know grading
  5. Essential starter supplies
    • 2×2 cardboard flips or capsules
    • Loupe (10x magnification)
    • Coin scale (for bullion weight)
    • Storage box or album

Pro tip for 2026: Focus on quality over quantity. One beautiful MS-63 Morgan Dollar is more rewarding than 100 common circulated coins.

Ready to start? Pick one series and grab a Whitman folder today.