Coin collecting is one of the most rewarding hobbies that connects us with history. It also allows people of all ages and budgets to create a personal keepsake that can last generations. But it’s important for beginners to know what they are doing and to be aware of the risks in this enthralling hobby.
Many collectors fall into this hobby by finding a curious coin in their pocket change or while metal detecting. Then they begin researching it and deciding to pursue it as a hobby or an investment. Some new collectors make costly mistakes based on their lack of knowledge. These mistakes can be easy to avoid by following a few simple rules of thumb.
The first rule of thumb is to learn the difference between price and value. You must understand the difference between these two terms in order to buy and sell coins. It’s recommended that you start by purchasing a reputable coin collectors guidebook like The Red Book. This way, you can get educated on the terminology and understanding the grading system before investing any money.
Another important tip for new collectors is to avoid going on a buying binge. This can make you more likely to purchase a coin that’s overpriced or has little or no value. Take your time and wait to see if you can find a rare coin at a good price. There’s nothing quite like the feeling of getting a great deal on a rare piece of currency.
EISENHOWER (IKE) DOLLARS SET OF 4 DIFFERENT DATES BETWEEN 1971-1978
$15.95 (as of September 17, 2024 14:28 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
1938 - to Present - Whitman Jefferson Nickel 3 Book Set with 2004 and 2005 P, D Nickels 8 Coin Set Nickel Seller Uncirculated
$29.99 (as of September 17, 2024 14:28 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Whitman US Lincoln Cent Coin Folder Volume 3 1975 - 2013 #9033
$5.84 (as of September 17, 2024 14:28 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
2024 P American Women, Washington Celia Cruz Quarter Uncirculated
$1.99 (as of September 17, 2024 14:28 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
TEN One Gram .999 pure Silver Bars with random designs in a jewelry pouch (Original Version)
$27.95 (as of September 17, 2024 14:28 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Unsearched Wheat Penny Roll w/Silver Mercury Dime End Old Us Coin Shotgun Lot Mixed Years Circulated Vintage Collector
$18.95 (as of September 17, 2024 14:28 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Motanar 100 Pieces 1 Inch Chinese Fortune Coins Feng Shui I-Ching Coins Chinese Good Luck Coins Ancient Chinese Dynasty Time Coin
$6.99 (as of September 17, 2024 14:28 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
2024 American Silver Eagle .999 Fine Silver in Direct Fit Air Tite with our Certificate of Authenticity Dollar Uncirculated US Mint
$47.49 (as of September 17, 2024 14:28 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
The Task Ahead Challenge Coin Collector's Medallion
$12.99 (as of September 17, 2024 14:28 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)