Currency collecting guide for newbies

Do you have plans of involving yourself to a coin or bar collecting activity? In my opinion, there is nothing wrong with collecting currencies. Indeed, it is fun. A lot of individuals today have already started their collection. Some of them are gathering currencies from different countries, while others are into old and new currencies. So, what do you think will be very interesting for you? This will be one of your basis in thinking about what to collect. Don’t just jump to a conclusion and later on leave the activity unaccomplished.

Once you have decided to collect old US gold and silver bars or coins, then I suggest you to push through. This activity may require you to spend money because every bar or coin you would collect will have a particular value. Now, if you are not financially ready for this, then you may gather the less expensive ones. Anyway, you are just about to start this activity. So, you will still have a long way to go. And when you have experienced enough and would like to deal with the ones that have more value, you should get yourself ready.

Do you know that the very first collectors of coins started with Roman royal families? This is the reason why they often refer collecting coins as a King’s hobby. But, later on, it became popular in the United States in the middle of the 18th century. So, do not wonder why it exists in the society’s circulation today. You might belong to the future generation of currency collectors and as a newbie in this field, you have a lot to consider.

Type of Collection

The type of collection would always be at your own preference or choice. There are individuals, who is gathering coins according to the date it was issued or released for public interest. For example, you would like to get specimens of Lincoln cents since it was minted in 1909.

It’s also possible to collect currencies with different designs, which is often referred to as a topical type of collection. Let’s say that you would like to have specimens of currencies designed with Liberty, sun rays or even boats.

And then, you might also want to collect currencies of different or a particular denomination. May be you would like to have a set of nickel. Therefore, you may try to look for the Shield, Liberty Head, Buffalo and Jefferson nickel.

Collection for Newbies

As beginners, you may start collecting one US cents, which is called, the Lincoln cents. This is a very popular coin, which is often seen in the circulation because there are hundreds of specimens. This even includes the date as well as combinations of mint marks. You may also start with the quarter Washington series. The struck of this currency started in 1932. And it has been very popular in 1999.

Aside from that, you may also go for the Kennedy half dollars, which was first minted in 1964. This was made to honor John F. Kennedy, who was the 35th president of America. Lastly, do not forget to also start collecting the Morgan silver dollars with the Head of Liberty and an eagle on the other side. This is a favorite and a popular collection that was minted in 1878 and was designed by George T. Morgan. It would be ideal for collectors learn more about Morgan because of his contributions.

Where to find it

You actually have several ways of finding the coins that you would like to collect or invest in. but, you must also keep in mind that this activity will take years of completion. So, you may start keeping any currency that you can receive when traveling, gift from friends and even what you can just pick on the ground.

You may ask from the government banks, auctions and currency exchange shops. They may have something that you may find interesting to keep. Sometimes, you may not go after the highest value as long as the coin or bar is not fake. It would be fine, if you can also get the ones with lower grades, containing damages on the currency.

Be very cautious when you are buying these silver or gold coins and bars from the dealers. You have to make sure that they are authorized and certified to avoid scams.