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Where To Start Collecting?

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Pillar of the Community
United Kingdom
945 Posts
 Posted 05/13/2024  03:08 am  Show Profile   Bookmark this reply Add PaddyB to your friends list


Yes - we need more of an idea of what interests you in coins before any sensible advice can be made. It seems there are several generic types of coin collectors:
> Investors - in which case focus on bullion content initially and possibly stick to graded coins. It takes a great deal of knowledge to work out which of the older and ungraded coins are a good investment. Stick to Royal Mint issues and don't get drawn into the numerous commemorative mints.
> History - in which case focus on the areas of history you find interesting and read up on the British monarch. Maybe aim for one coin from each monarch as far back as you can afford.
> Beauty - for this you really just need to explore coin listings online and identify the designs you like. One person's artistic merit may be another's wallpaper.
> Completist - the desire to have one of everything and make date runs. Start by picking particular denominations and make lists from the reference books so you know which dates you need. Farthings are the cheapest, Sovereigns and Crowns the most expensive, so a lot depends on budget.

Most collectors probably have some combination of those traits. History probably got me started, but then Completist cut in as I don't like gaps in the collection. I am a sucker for a really Beautiful coin, even if it is not British, and the whole collection has become an Investment, even though that was not the original intention.
Pillar of the Community
Germany
1064 Posts
 Posted 05/13/2024  04:23 am  Show Profile   Bookmark this reply Add augsburger to your friends list
Probably the best place to start is with understanding what exists.

Numista.com is a great site, it'll show you all of the coins that there are, and you can see what gets you interested and what does.
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United States
189120 Posts
New Member
United States
5 Posts
 Posted 05/13/2024  10:29 am  Show Profile   Bookmark this reply Add Andrew Borrs to your friends list
Rather small budget, No more then 100 dollars a month
Pillar of the Community
United Kingdom
709 Posts
 Posted 05/13/2024  6:07 pm  Show Profile   Bookmark this reply Add Anaximander to your friends list
Welcome.

A good start might be to get the "Coin Yearbook 2024". Amazon do it in the UK for about £10, so I assume that Amazon US will do it also.

This book will give you a good overview of British coins. It includes valuations. These can only be a rough guide but could help you fit something around your budget.

Prices for individual pieces are hugely affected by their grade and how common or scarce they are. One decision you will need to make is whether you intend to have just a few high quality items, or want a wider range of lesser quality.

What about trade tokens ( known as Conder tokens in the US)? There are some wonderful designs with very interesting histories.

Depending on how deep you want to get into this subject, it might be worth getting a few standard reference books early on. The coin yearbook is only a pocket guide. It does that job very well, but you will soon outgrow it once you start looking at things in more detail.
Edited by Anaximander
05/13/2024 6:14 pm
New Member
United States
5 Posts
 Posted 05/17/2024  3:26 pm  Show Profile   Bookmark this reply Add Andrew Borrs to your friends list
Think might start with the Olympic coins, from there not too sure. What about vatican coins? Are they too expensive or hard to get since I heard they are not produced nearly as much.
Bedrock of the Community
United States
19189 Posts
 Posted 05/17/2024  3:45 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list
Thinking Olympic-related issues, Germany, Canada, and Japan have some good looking pieces. You may want to distinguish between coinage vs one-off medals, tokens, and low quality 'swag'.

It's all fun.
Valued Member
United States
157 Posts
 Posted 05/17/2024  4:02 pm  Show Profile   Bookmark this reply Add classic_coin to your friends list
I see that OP has gone from Great Britain to general Olympic issues to Vatican, which tells me that the question OP needs to ask himself isn't What coins should I collect?t, but rather To what coins do I feel a connection?
So, I'd suggest thinking about things to which you have an affinity. A kind of food. Favorite era in history. A vacation you enjoyed more than any other. An event in which a favorite relative was involved. A book or author or movie you love. Answer these for yourself, and you'll be well on the way to finding the right collecting area for you.
Pillar of the Community
United Kingdom
856 Posts
 Posted 05/18/2024  1:09 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list
I agree with the connection idea. I inherited a few coins. Got some books from the library. One of the was called The Splendid Shilling. Although this was in the late 90s, I remembered spending shillings when I was a kid and decided that would be a fun theme.

Eventually I realised I didn't have enough money for a big collection, so I narrowed it down to the shillings of one king (Charles I) from one mint (the Tower of London).

When it became difficult to add nice coins in the grades I wanted I started to look at medals. We had a civil war back in the 1600s during king Charles' reign and people liked to carry small medallions with the king's image on it to show their allegiance. They are historically interesting and fit the reign the rest of my collection is focussed on. But it takes time to find a theme like that.

Maybe read some books on world coins? There are plenty about. See what appeals.

My only other comment would be the commemorative issues of medallions are rather different from coins that circulated as currency. No reason you can't collect both. Just don't confuse the former with the latter, even if they do have 'values' stamped on them .. Just remember, it's your collection. Have fun!
Pillar of the Community
United States
2860 Posts
 Posted 05/18/2024  2:04 pm  Show Profile   Bookmark this reply Add coin rejector to your friends list
A few days ago, I was in my LCS & they had a bin full (1000's) of foreign coins for cheap.
New Member
United States
5 Posts
 Posted 05/18/2024  5:46 pm  Show Profile   Bookmark this reply Add Andrew Borrs to your friends list
I know I seem to be bouncing around for what I am interested in. I found the Olympic coins from watching some youtube videos on UK coins and then also considered coins from the Vatican after that. Never even thought about Olympic coins from other countries but I should have guessed there should be.

Where is a good place to find coins? No local coin store near me, Unless there is one that I just do not know about. Also want to make sure I find a place that will rip me off and or sell me fake coins.

Andrew

Near Fredricksburg Virginia
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United States
4593 Posts
 Posted 05/18/2024  6:16 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
If you are looking for cheap world coins, you don't have to worry about fakes.

But honestly, figure something you find interesting and just do it for a few weeks or months, with some moderation (don't run out and buy $100k worth of coins).

If you want a cheap modern challenge, OFEC. One From Every Country. You can define "every" - maybe countries issuing coins dated 2000 or later. Maybe every country in Europe that uses the Euro.

You can buy "poundage lots" on ebay, which will mostly be near-current aluminum and bi-metallic coins.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
Bedrock of the Community
United States
19189 Posts
 Posted 05/18/2024  6:38 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list
Many, many bulk lots of foreign coins on ebay. Pick up anywhere between 8 to 12 pounds of mixed pieces. Only purchase form sellers who show photos of the actual lot--not stock photos. Avoid lots with an over abundance of corroded coins and tokens. Won't cost an arm and a leg, and should keep you busy for a while.
Valued Member
United Kingdom
387 Posts
 Posted 05/19/2024  03:17 am  Show Profile   Bookmark this reply Add Spyro to your friends list
The Olympic series of British fifty pence pieces might be a good place to start. There's plenty of them,one or two rarities, and lots of information about their designers, some of whom have done other coins. There are also a couple of British £2 coins that mark the handover to and from London. British decimal commemoratives have gone a bit silly lately cos the Mint is running short of work. The thing is, as you're looking things up you'll see other avenues opening, like the 50p is seven sided, so is the 20p but with a thick rim, and coins with thick rims were minted by a chap in Birmingham back in the 1790's, who also made blanks for certain American coins... Above all, have fun!
Valued Member
United Kingdom
387 Posts
 Posted 05/22/2024  03:11 am  Show Profile   Bookmark this reply Add Spyro to your friends list
If you're into Olympic issues The Royal Mint brought out a series of 50p coins in 2011 (so they could be in circulation by 2012) celebrating all the different sporting events. Maybe start there...
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