Commems Collection Questions: Answer #06 - Starting To Collect US Commemorative Coins

In a previous discussion about getting started collecting US commemorative coins, it was asked:




If you don't already have one, pick up a copy of A Guide Book of United States Coins (aka the " Red Book") as it includes a concise description of the entire run of US commemorative coins.

I think a good next step is to closely review the book's commemorative coin sections and decide whether you'd like to collect the classic/traditional series of US commemorative coins (1892-1954) or the modern series (1976 to date). [FYI: I include the Bicentennial coins as part of the modern series.] Each series has its merits and the decision to collect one vs. the other can be based on many factors.

Within the modern series, each coin is available in Proof and Uncirculated. I'd have a look at several coins in each finish before deciding which to collect (if you don't plan to collect both). Many collectors go with the Proof coins due to their attractive appearance -- the frosty finish of the main design elements set against the mirror-like fields is certainly attractive! Personally, I prefer the Uncirculated coins. I like their satin finish and generally don't have to worry about the dreaded "milky haze" that can often appear on proof coins over time. One nice thing about collecting the modern series is the fact that the coins are easy to find in great condition; their special handling during minting and delivery in protective capsules helps ensure that you can assemble a very attractive set. In my own experience talking with collectors at shows and the local coin club, the modern series of commemorative coins is typically the choice of collectors new to the hobby.

Assembling a set of nicely preserved commemorative coins from the traditional series is a bit more of a challenge. Over the years, many of the coins have been abused by collectors/dealers in an attempt to "improve" them (for example, cleaning the coins to remove dirt or tarnish/toning without knowing proper techniques) or simply by poor storage methods. As such, nice, original mint state examples can be tougher to find for many issues and strong cost premiums are attached to the nicer coins. A collector needs to learn much more about each of the traditional commemorative coins in terms of strike characteristics, luster, etc. in order to recognize the better quality pieces (even if they are in graded holders). Also, coins in the traditional series are generally more expensive on a per coin basis when collected in mint state grades. The traditional series does have the allure of "coins from days gone by," however, and so is attractive to many experienced collectors.

I collect the classic/traditional series as well as the modern series and enjoy each of them tremendously. If you collect what you enjoy, I don't think you can make a mistake picking either series.

In terms of which coin(s) to collect first, I would recommend that you pick one or two coins that are fairly low cost to start. Within the modern series, maybe a 1982 George Washington half dollar or a 1986 Statue of Liberty silver dollar. Within the classic series, the 1892 (or 1893) World's Columbian Exposition half dollar and the 1925 Stone Mountain Memorial half dollar are fairly inexpensive entry points.

IMO, buying a few inexpensive coins as you are learning is a great way to get excited about your collection!