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Starting To Collect!

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coinkid's Avatar
United States
114 Posts
 Posted 07/02/2012  10:18 pm  Show Profile   Bookmark this reply Add coinkid to your friends list Get a Link to this Reply
@Libertad

It's mostly my brother that is taken by these fads, not my parents. they just support him whatever he does (which isn't a bad frame of mind). I mean, I went to the mall and while he and his friends were at Foot Locker I ran around asking stores for coin rolls, which got me a few for my albums I also found a brand new, seemingly uncirculated roll of 2012 pennies. Is this anything special and should I save it? It's literally 50 brand new pennies. I just peeled the roll saw them and taped it back up, not even touching them.
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wquinn's Avatar
United States
2295 Posts
 Posted 07/03/2012  08:21 am  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
One of the greatest things about coins shows, are the forums. Look at the schedule and see what you want to attend. Sometimes there are 2 great forums to go to, that are at the same time, so you have to chose. If you aren't sure, please ask. We can help. That should be a great show. The ANA has great forums in it.
Bedrock of the Community
United States
20753 Posts
 Posted 07/03/2012  08:33 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
I also found a brand new, seemingly uncirculated roll of 2012 pennies. Is this anything special and should I save it? It's literally 50 brand new pennies. I just peeled the roll saw them and taped it back up, not even touching them.


Considering they will be making Billions of those, not much chance those would ever be really worth the space they take up. However, on the other hand, sort of a neat thing to show people some day in about 50 years.
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The_Duke's Avatar
United States
1745 Posts
 Posted 07/03/2012  09:10 am  Show Profile   Bookmark this reply Add The_Duke to your friends list Get a Link to this Reply

Quote:
I also found a brand new, seemingly uncirculated roll of 2012 pennies. Is this anything special and should I save it? It's literally 50 brand new pennies


Save them. I have some uncirculated rolls from when I was 13 that I got from the bank (1975-D Lincolns to be exact). While I know they won't be worth much, they do connect me with my youthful collecting days. Years from now, you will remember that roll and exactly where/how you got it. Not bad for a 50 cent investment.
Valued Member
Billmoody1952's Avatar
United States
56 Posts
 Posted 07/03/2012  11:01 am  Show Profile   Bookmark this reply Add Billmoody1952 to your friends list Get a Link to this Reply
I might start with getting a Lincoln Cent folder,a Jefferson nickel folder,a Roosevelt dime folder , quarter folder, which you could start filling up quickly while searching rolls,spare change, etc. You would have a lot of fun searching for better examples of common dates and satisfaction of quickly filling each folder. If you can't afford a loupe get you a good magnifying glass so that you can search for errors such as die cracks,rpm's,etc. When you find something that looks different you can google images on your computer . Also on this forum and other resources you can get info on grading circulated and uncirculated coins . Once you get some coins in your folders you can start replacing as you find better examples. Look in your local library for books associated with coin collecting and then you can get an idea of which are needed for your own library . Also wheat cents and lincoln cents are very fun to search for errors. Have fun and good luck.
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KenRingold's Avatar
United States
594 Posts
 Posted 07/04/2012  4:02 pm  Show Profile   Bookmark this reply Add KenRingold to your friends list Get a Link to this Reply
First off
I collected coins as a kid and then spent them like a kid. But I came back to collecting a few years ago as an adult, and here is what I do, or have done.

I started out collecting by roll searching and putting everything into folders. When I began to find fewer and fewer upgrades from searching, I move everything to 2x2s, and put them in plastic sheets in binders. The nicer coins go into either airtites or snaptites. I then give away the folders to individuals like you.

You will want to buy yourself a loupe. Most people recommend a 10x. Personally tho, I have a 10x magnifying glass, a 30x loupe, and a USB microscope for my laptop which I also use to take photos with.

In my "Library" I have a copy of the Red Book as well as the Blue book. A copy of "Strike it Rich with pocket change". Also both volumes of " CherryPickers' Guide to rare die varities...". Next is a copy of the " ANA Grading Standards". Finally, Whitman has a series of Guide Books for each denomination and series. Of those I have the ones for "Flying Eagle and Indian Head cents", "Lincoln cents", "Buffalo and Jefferson nickels", and the "Franklin and Kennedy halves" guide books. I need the ones for " Liberty nickels" and also " Mercury dime".

Now looking at the folders you bought, keep in mind the following is just MY personal opinion or preferances.
The post 1965 Roosevelt dimes I don't collect. I have one 1964 Roosevelt dime I found in pocket change and that's it. I still haven't found a 2009 yet, but when I do, that will be kept. I don't care for the coin myself. I prefer the Mercury dime.
The State Quarters, I know won't be worth much if collected from circulation, but they were fun. I started collecting them when the Territory Quarters were coming out and found myself waiting with great anticipation until the next one came out. Most were pretty easy to get, but I did have to buy a few P mints 'cuz I live on the west coast and didn't want to wait for them to get here. I don't collect the America the Beautiful Quarters tho. Kinda too much of a good thing deal. Perhaps closer to the end of the run.
Jefferson nickels 1962-1996. My circulating collection is from 1938-1959. From 1960 to Present I am collecting Proofs only, with the exception of the "Westward Journey" nickels and any with Full Steps.
Cents. I collect the Flying Eagle and Indian Head cents, along with the Lincoln Cent. You can get most of the Lincoln Cent set from 1909 on, from roll searching and pocket change. As a matter of fact, I found my 1909 Lincoln roll searching. So If you are roll searching and collecting Lincoln cents, I suggest starting those from 1909. Then you'll have the Wheat, Memorial, Bicentennial, and Shield Lincoln cents.
The Washington quarters I don't collect. Again, the coin just doesn't appeal to me. If I were to collect these it would be pre-1965 only and that's because of the silver content. Same for the Roosevelt dime.


Quote:
Do I just go to garage sales and shows and auctions until I amass enough of these elusive coins to call myself a collector?
Yes and coin dealers too. I think you can already call yourself a collector.


Quote:
or do I go through Kennedy halves until I get a lot of silver?


If you are a collector, it's not about the silver. It's about the coin. If you even remotely think you might collect these, this is where I would focus your attention. As you have discovered, roll searching is a good way to get a collection going. About a year or so ago I decided I better get on this collection, because the silver miners were hitting them hard. I hit it kinda hard too and at one point bought 5 boxes of halves at a time, thinking that I should still be able to get a circulating set from roll searching. Nope, could not do it. I went to my coin dealer and was able to trade for the last few I needed. So I still never paid more than face value. But that's been a little while and it's going to do nothing but get harder to do, because those silver miners are still there melting our hobby. A box of these run $500, so you might want to start with just a few rolls.
Here is a link to my homepage.
http://home.wavecable.com/~kenringold/
There are a few links on it you may like.
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Windchild's Avatar
Canada
1411 Posts
 Posted 07/04/2012  4:48 pm  Show Profile   Bookmark this reply Add Windchild to your friends list Get a Link to this Reply
Coinkid: My brother also gets into a lot of fads... My parents consider coin collecting to be my 'new' fad even though I have collected coins for more than 9 years...

I'd recommend buying a loupe (just search jewelers loupe for more information) to see detail easier and a scale that goes to one to three decimal places in grams (helps to tell if a coin is counterfeit when buying)...

Maybe we should start a YN thread to show off YN coin purchases

A YN
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Libertad's Avatar
Canada
3692 Posts
 Posted 07/04/2012  8:58 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
LOL I don't think you need a scale with THREE decimal places. Even one is just fine. Reason: They cost too much and don't give you much more information than a scale with 2 decimal places. You're not weighing by carats.

Another thing: collect for yourself, not for others. Yes, take notes from other collectors but if you don't like your own collection then it's not really for you. There are many ways to collect: by type, by year, by grade, by country.... I like taking the educational route, but lately I've been trying to complete high-grade year sets of Canadian coins to put in capsule sets (the ones with a place for each coin of that year made by Aurora/Whitman). If you can inspire or educate another person with your collection I think you're a winner. There are lots of bad collections that have no rhythm or flow to them. I like organized sets that follow a simliar grade because they look better.

"I started out collecting by roll searching and putting everything into folders. When I began to find fewer and fewer upgrades from searching, I move everything to 2x2s, and put them in plastic sheets in binders. The nicer coins go into either airtites or snaptites."
^^^This right here is good advise. I've wasted lots of 2x2 flips on coins XF and lower only to open them up and spend them later. Rolls are the best, IMHO.
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Windchild's Avatar
Canada
1411 Posts
 Posted 07/04/2012  9:02 pm  Show Profile   Bookmark this reply Add Windchild to your friends list Get a Link to this Reply
Libertad you might want to reread what I wrote.


Quote:
scale that goes to one to three decimal places in grams
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Joe2007's Avatar
United States
3843 Posts
 Posted 07/05/2012  03:25 am  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Finding a reputable coin dealer in your area would be a good start. Perhaps some forum members could make a reccomendation. Until you gain more knowledge it is likely best to stay away from ebay and other internet auction sites like it.

New Member
harthag's Avatar
United States
49 Posts
 Posted 07/06/2012  5:20 pm  Show Profile   Bookmark this reply Add harthag to your friends list Get a Link to this Reply

Quote:
I started by buying some Littleton Coin Folders ( Roosevelt dimes 1965-2003, Two Commemorative State Quarter books, Jefferson nickels 1962-1996, Pennies 1930-1958 and 1959-1998, and Washington quarters 1965-1997)


So which of those would be the easiest to fill?

Which would cost the least above face value?

(the reason I ask is because I'm in roughly the same position as coinkid, but with a lower budget)
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Libertad's Avatar
Canada
3692 Posts
 Posted 07/06/2012  5:48 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Windchild: point taken...nevertheless, a 3 point decimal scale is too expensive for a hobby.
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Merc Man's Avatar
United States
561 Posts
 Posted 07/06/2012  11:19 pm  Show Profile   Bookmark this reply Add Merc Man to your friends list Get a Link to this Reply
coinkid send me a PM with your mailing address or email me at jperoli at zoominternet dot net and I will send you a couple of decent loupes to get you started. I have an extra 10x and 20x that should come in handy if you like searching for errors.
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