How to Start Collecting Coins

Posted by Derek Sawchenko on

Have you ever wanted to start collecting coins? Don’t know where to start? I have some information for you! Currency has been a part of history for centuries. Coins have historical, cultural, and artistic value. A coin is comprised of its design, mint year, strike, and condition. There are two sides of a coin, the obverse and the reverse. Professional coin grading companies, such as the Numismatic Guarantee Corporation, NGC, and the Professional Coin Grading Service, PCGS, determine the quality of the coin’s condition. The scale is called the Sheldon grading scale. It uses a scale of 1 to 70 to determine the quality of a coin’s condition. A higher graded coin costs more than a lower graded coin.

            Where do you find coins? You can find coins right where you are! Look around your house and ask your relatives. If you don’t find any coins, you can stop by a coin store and ask the associates questions. While you’re there check out different coins and ask about their numismatic or bullion value. Numismatic coins are rare and collectible. Bullion coins only have precious metal value and can be melted down.

            Coin collecting is a great hobby. You can own a piece of history in your hand. Each coin tells a story of its time period. When you begin collecting coins, it is important to remember the following information: numismatic or bullion, design, mint mark, and condition. If you have any questions about coins, Certified Coin Consultants is here for you. Call (516) 218 – 2094 or visit our store at 8 S. Village Ave., Rockville Centre, NY. 

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