Start a Coin Collection – The Beginning

Before you start a coin collection, you should be able to answer one question very clearly, askanadviser why do you want to start a coin collection (or numismatics as it is technically called)? Does your interest lie in commercial concerns or in the sheer joy of coin collecting? If it is the former, then you need to delve deeper into the science and the history of coin collection, probe into the market dynamics of antique coins, refer to a professional advisor, and be prepared to wait long for that plum “hole-in-one” coin to drop into your kitty. However, if the manna you are looking for is sheer joy, then there are a few basic tips that you should take care of vis-à-vis coin collection:

o Dig Coins History. Coin collecting is a hobby that is enriched by the knowledge of history. Read up on coins and their past. Find out the various tenders that have been used in past and their sources. For example, the fact that most stamped antique coins from Roman Empire are still floating around in obscure antique shops, might just give you the shot you need. Alternatively, perhaps the interesting bit of local history that might add value to your coin collection will be fine. You may come across the list of coin vendors from whom you can buy coins. You would however get a list only if you look around various knowledge sources.

o Coin Collection Theme. While you can be very random in your coin collection, collecting every coin that comes to your notice is time consuming and is more like sowing wild oats. It is a lot better if you have a theme such as country, year, mint, or even metal, for collecting coins. The theme channelizes your energies into something that has a structure.

o Coins Collection Cupboard. Build a “coin cupboard.” Invest in a wooden or metal closet with flat drawers or sliders (half inch in thickness and lined internally with some kind of felt, or velvet cloth). Preferably, put in some silica to absorb moisture. Place the coins in slots cut out in the felt, and cover them with a transparent sheet. A storage place not only minimizes damage but also lends an aesthetically pleasing look to your collection. For more info please visit these sites:-

o Coin Diary. Keep a “Coin Diary.” It simply means keeping a notebook where you can jot down the place and circumstances and even the details of the coin you may have purchased. This will help you in tracking it down when you go over your collection. Therefore, “Coin Diary” can also be used to index your coin collection, which is a very good idea.


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