Coin Collecting | Coin Collectors Dream



Do's And Doníts Of Coin Collecting


Coin collecting is something that takes time to learn. The most important thing to remember is that you are doing it for the right reason - if it is a passion, then it is something worth pursuing.

Collecting just for profit may work but it usually is not enough in the long run. A person really has to think about this since many people who have tried it for that reason have lost focus and failed.

Successful coin collectors take a lot of time to learn everything there is to know about numismatics. Good sources of information are magazines, newsletters and brokers who can pass on information and news, when it happens. By using the resources a person can act fast before other collectors who want the same thing get the information first.

If a person tries to collect without knowing the basics, he will never succeed in this hobby.

Knowing how to grade coins can also help the collector know the true value of the collection. This knowledge will be valuable if the owner decides to trade for something of greater value or it can prevent scamming and wasting money for something of little value. Be vigilant!

One of the virtues that coin collecting can teach a person is patience since the collection may take years to complete. Some of the well-renowned collectors in the world have spent many years before reaping the benefits.

Learning to think like a collector is very important. Being too eager is not good because the collector could be tempted to purchase or trade the wrong coin which could prove to be costly. Think twice about using the information given even if that came from a reliable source.

Coin collecting can be difficult especially if the person is just starting. A person, more than likely, canít afford to buy items worth more than $10,000, so it is best to start small and study the market for three to six months so that he can be comfortable before going after bigger prizes.

Coin collecting is similar to sports - it takes time to excel at it and goals, both short and long term, have to be established. By following the rules and using common sense, the person can become one of many other successful coin collectors.




Articles compliments of skaDoogle


Coins For Sale
Browse Our Information Mall

Other Interesting Articles

On Mints And Mint Marks

Mint Marks are tiny letters referring to the locality where the minting of coins took place. The position of mint mark can be found typically on the back side of coins that were minted before the year 1965 and on the front after the year ... [Read more]

How To Detect Counterfeit Coins

A special machine does the stamping of coins to make them genuine. People who counterfeit coins are well trained and have the capacity to manipulate their duplication - especially those rare coins which have high value among collectors. The most common procedure used in counterfeiting is that they pour a liquid metal into molds that will leave die marks with cracking on the counterfeit ... [Read more]

The Coin-price Is Right

There are many resources that can help coin collectors, old or new, in determining the value and worth of the coins they ... [Read more]

Finding Rare And Collectible Coins

Coin collecting was started only as a hobby for most people, however you can hear what other people say (or you probably have heard yourself) about news of people cashing in on their old coin; and that encouraged more people to go on a coin-collecting streak. If you are one of those people who want to invest in coins, here are several places to start your collec... [Read more]

Hoarding Or Collecting

To some people thereís little distinction between hoarding and collecting coins. Both have been going on for centuries and both result in the owner having an abundance of c... [Read more]

 Watch Videos on "Hobby"

Coins - Google News


CoinNews.net

Stack's Bowers Realize $12.4M in 2017 ANA US Coins Auctions
CoinNews.net
The sale of over $12.4 million of U.S. coins, including the $2.8 million Lord St. Oswald-Norweb 1794 dollar, in their August 2017 sale marks another successful event for Stack's Bowers Galleries as an official auctioneer of the ANA World's Fair of Money.



The Sun

British dad facing three years in Turkish prison after finding a few old coins while snorkelling
The Sun
Airport staff in Bodrum said the coins were historical artefacts. A friend of ambulance driver Toby, of Southwick, West Sussex, said: ‚ÄúHis family are distraught‚ÄĚ. The father of five has been held on suspicion of ‚Äúfinding Turkish artefacts without ...



Quad-Cities Online

Orion's coins for rainforest add up
Quad-Cities Online
The C.R. Hanna Grade School in Orion has been honored by the non-profit Nature and Culture International for donating to the South American rainforests each year since 1999. From left are students, Bryson Foster, Mat Clarke, Savannah Streeter and Reece ...



Seized bullion source of 'VIGO' coins
NumisMaster.com
The late 1600s and early 1700s saw the London Mint occasionally marking its gold or silver coins with the source of the bullion. In a previous article, for example, the Lima coinage of 1745-1747 was covered. The Lima bullion had been taken in the North ...