May 14, 2007

Collect Coins for Fun-A Guide to Coin Collecting for Beginners

Tip! This is a very interesting and unfortunately, a very difficult question to answer.

Work, work, and more work is the global mantra these days. As you get caught up in the rat race for power and pelf stop awhile to think whether too much work is making you a dull boy! If you are constantly jittery or anxious, its time you had some time just for your self. A hobby like coin collecting could become an exciting and a competitive sport and do you a lot of good by diverting attention from mundane tasks. So hoard interesting coins instead of dollars for a change!

A coin collection usually starts from modest beginnings. For example, you may have coins in your wallet from a trip to another country or you may come across old coins while rummaging about in an antique shop. You can base your collection on country, year, period, or subject. If you or a friend or family member travels a great deal globally, you would find it easy to collect coins of different countries. You may also choose a particular foreign country that interests you, say France or India, and collect coins of that country. In contrast, collect your nation’s coins if you want to know more about it!

Tip! Numismatics - the very name sounds mysterious and evocative. In simple terms, numismatics covers the science and study of coins, cash, and other legal tender, as well as medals, tokens, and medallions.

Collecting by year involves collecting a particular coin every year of its manufacture. For example, if a certain coin was produced first in 1900 you collect from that year to the present. If a certain monarch’s reign interests you, collect coins from that period. Alternatively, you could collect ancient or medieval period Roman, Indian, or Greek coins. Subject collection would include coins on a particular subject, for example, maps, flowers, or ships.

Some coin collectors collect by error! I mean they collect faulty coins. These include clipped coins, off center coins, and coins with over dates. These coins are very rare as automation has reduced the possibility of errors. This makes them even more interesting and desirable. You can also collect by material, say gold or silver.

Tip! Nowadays, coins can be found anywhere monetary transaction occurs. Coins are a part of our everyday lives and to be without them is unimaginable.

Apart from picking up interesting coins during international travel, you can get them at local antique shops, flea markets, coin shows, and auctions. Some coin collectors say that rummaging through charity boxes kept at local stores also leads to interesting discoveries. But, don’t forget to inform the shop owner before embarking on such activities.

It’s great to collect coins, but where are you going to store them? Many people keep their coin collection in a box, but keeping coins all together can lead to scratches on their surface. It’s also difficult to locate a particular coin when required. To begin with, you can consider storing coins in separate paper envelopes, label the envelopes and, then, keep them inside a box. You can also opt for small plastic bags to store your coin collection. This way, in contrast to paper envelopes, you will be able to see your coins without touching them directly. However, ensure that the plastic bag is not made of PVC, which could harm the coins inside. When you develop a large collection you can choose a cardboard or plastic coin album. All these storage devices can be purchased from hobby shops, coin shops, or online stores.

Tip! Collecting world coins is a fun hobby that gives you the feeling of travelling the globe vicariously through your coins. A collection of world coins offers a unique insight into the culture and history of other countries,

Before you start buying expensive coins for your collection invest in a price guide, magnifying glass, and desk lamp. You can also join local coin collection clubs and read up books on this hobby.

Tania Penwell is a regular contributor to The Coin Collector - http://www.thecoincollector.org - a guide to coins and coin collecting.

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I couldn’t understand some parts of this article, but it sounds interesting

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