Are you looking to start your very own coin collection this year? We can help.

Coin collecting might seem like a fairly passive hobby, but you can really dive deep and turn your collection into a worthwhile investment. Whether you’re looking for a rewarding hobby or something to turn into a nest egg one day, you’ve got to learn how to do it the right way first.

In this post, we’re going to give you 3 coin collecting tips that’ll help you build a collection that you’ll be proud of. Keep reading and learn how to collect coins with the best of them.

1. Collect the Coins You Want

New coin collectors have a tendency to chase rare coins instead of buying the coins that they’re legitimately interested in and attracted to. This is a huge mistake because first and foremost, your coin collection should be a reflection of the type of collector you are. Whether you’re into early-American coins or ChicksGold New World coins, just build a collection that you’ll love.

Remember, rarity is relative, and the trendy coins that the big collectors are after will just set you back financially and keep you from achieving your actual goals. It’s important to set goals for yourself at the outset and slowly try to achieve them by seeking out the coins you actually want.

2. Find Dealers You Trust

There are loads of coin dealers out there, both online and off. As a new collector, you need to separate the wheat from the chaff and make those dealers earn your trust. Once you’ve got a coin in mind that you want to buy, find the dealer that has it, but don’t just buy it right then and there.

Start a dialogue with the dealer to figure out what they mean when they display terms like “sold as-is” or “scuffed”. If you do your research, you’ll know about common marks and blemishes associated with that particular coin. If the dealer can’t back up what they’re telling you about a coin, don’t chance it.

Look into the reputation of each dealer you work with by checking customer reviews. You can also look to see if they’re certified by a professional organization like the American Numismatic Association, which is one of the big coin dealer organizations.

3. Care for Your Collection

Caring for your collection is even more important than building a respectable one. If you fail to keep an organized and protected coin collection, then its value will plummet should you decide to sell it one day. Even if you never plan on selling them, you should always take pride in your collection by using professional-grade folders, albums, and presentation cases.

Look into the proper way to clean each individual coin as well. There’s a fine line between keeping your collection well-looked after and ruining it with the wrong cleaning products.

Enjoying Coin Collecting

Now that you understand a few of the basics of coin collecting, you can start building your collection ASAP. Remember, coin collecting can be addictive, so make sure you set yourself a monthly budget and stick to it, or your house will be full of collectible coins and your bank account will be empty.

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