What Should I Know About Collecting Coins?

If you’re considering starting a coin collection, you’ll need some basic info before you dive into the world of coins. Following are the top things every coin collector in Mill Valley, CA should know.

Types of collecting

As you begin your collection, it’s important to note that you can do this in a variety of ways. Following are some of the most common ways to collect coins:

  • By date: You may collect sets of date and mintmark coins, or search for coins from each year so you create a set that represents all the years the coins were minted.
  • By type: Your collection may include only coins of a certain design or denomination, or from a specific time period.
  • By topic: You could focus on gathering coins with a certain design theme, such as state quarters. You can pick the topic that interests you and create a collection around that theme.

Methods of collecting

One of the first questions you’ll have as a coin collector in Mill Valley, CA is where to find coins for your collection. Some of the most popular sources include:

  • Pocket hunting: This is the simple method of looking for desired coins when you purchase items with cash, find coins on the ground or encounter change in other common ways.
  • Roll hunting: You can request rolls of coins from your bank and look through these for rare or valuable coins. You can get these for face value. In some situations, you may need to special order your request for coins.
  • Metal hunting: Some coin collectors use a metal detector to find stashes of coins or individual coins. Pieces found this way are often in poor condition, but it’s possible to find something valuable (or you may simply enjoy the thrill of the hunt).
  • Dealer hunting: Coin dealers are a good source of coins that you might not find in regular circulation. If you are looking for rare or old coins, working with a coin dealer is a good option.
  • Resale hunting: Flea markets and garage sales can be a good source for coin collections. However, you should watch out for counterfeit coins that are often found in these settings.

Storing your collection

Once you start assembling a collection, you’ll need to take proper precautions to preserve it. Use the following tips:

  • Cleaning: If you find an old, dirty coin, you might be tempted to shine it up to showcase it or increase its value. The truth is, you should preserve the coin in the condition in which you found it. Never clean collectible coins. Cleaning can damage the finish and make the coin look unnatural.
  • Storage: Use appropriate storage options for your collection. Good solutions include coin folders, albums, airtight capsules, decorative displays, plastic flip envelopes and cardboard 2×2 coin mounts.

Start collecting

Since 1993, Collectible Coins & Jewelry has been providing quality services to coin collectors in Mill Valley, CA. Our coin experts are ready to assist you as you pursue the rewarding art of coin collecting. Whether you want to buy or sell, we are here to provide you with superior service. Reach out to us today with any questions.

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