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 Replies: 19 / Views: 2,722 |
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Valued Member
Canada
90 Posts |
I have an ongoing goal to collect at least one coin from all active currencies, I have dead currency as well, but I don't pursue them as aggressively. Most of the coins in this collection as & could come from junk boxes. I consider this a hobbyist collection.
I am thinking about collecting something more along the line of a collector, would have to spend $ to get or make some serious trades. I don't know where to begin. I'm from the Rock(Newfoundland), & Newfie coins are of Great interest to me.
I would like to start with something with some challenge but not something that's impossible to come by or not reasonably priced for a new collector on a budget, with a family & two young kids
Maybe my question is too broad, but I hope I can get some good options.
Thanks for the help
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Valued Member
United States
424 Posts |
Check for web sites of official government mints. Maybe consider NCLT coins or special anniversary issues. The US mint has several coins each year that are special issue and are reasonably priced (proof issue coins would be another thing to consider). Whatever way you go with this collection I think it is a worthwhile endeavor and I would like to see regular updates as you progress.
Another thought, how about selecting a single denomination and collecting an example of that from each country i.e. 'Nickles of the World'.
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Valued Member
 Canada
90 Posts |
Thanks Oldephriam, I have been collecting Canada & USA quarters, dime, nickel, penny. The oldest I have is a 1916 Canada penny, all of it being circulated coinage. I've collected all State Quarters but am missing some territories, I don't pursue this aggressively. I'm hoping the Toronto coin expo will help give some focus to what I want to collect. I'm trying to have a couple options before going to the show, and then pick one and focus on it |
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Valued Member
Canada
90 Posts |
I have a follow-Up question, which grade should I try and keep, or does personal preference playa role in that decision. I don't want it to be a junk collection
Edited by Crjenkins
04/04/2016 11:42 pm
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Pillar of the Community
Canada
785 Posts |
For a new collector, I believe type sets can be a very rewarding start. From a type set you can narrow down a specific coin you like from the set and collect all date/mint mark/varieties for that certain coin. Or if you deside you really enjoy that set, you can continue to upgrade it as well. Canada and Newfoundland's type sets can be compleated relitively cheaply but the US one will probably set you back a bit though. Whatever you deside to do I believe at least trying to assemble a countries type set is the best way to get a lot of general knowledge about a countries coinage before specifying in any certain type(s). Also on a side note, I suggest you try picking up a few ancient coins as well, maybe that's where your focus will fall. They certainly are a lot more difficult to understand then moderns, but holding a 2000 year old coin is something every collecter should try. Just my opinion. Whatever you decide to do, have fun!  Edited by Nathancrh1
04/05/2016 12:07 am
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Valued Member
Australia
95 Posts |
I suggest continuing with your collection of normal Canadian coins, I find that buying a cheap, second hand folder of coins is a good way to go sometimes. I usually buy a $20 folder, and with it, fill in a couple blanks in my aus penny collection, get a couple more countries, get a folder to use, and trade or sell the doubles.
Edited by UberDan
04/05/2016 12:51 am
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Pillar of the Community
United States
711 Posts |
Seconding the Type Set motion. Best way for a beginner. Maybe not even finish it if you don't like it and find you do like a particular coin series in the type set. The variety of the type set will let you figure out what you want to collect. The coins will find their rightful owner. I mainly collect US coins, but I have never turned down a small Canada 5 cent silver when I find them in my coin dealers junk tray. Look into them, they are neat little coins. |
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Pillar of the Community
United Kingdom
2624 Posts |
Another vote for a type collection here for the same reasons as stated above...
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Valued Member
Canada
90 Posts |
I was researching last night after posting, I'm gonna do something with Newfoundland currency, trying to narrow it down to which coin set
Thank for the great posts
Edited by Crjenkins
04/05/2016 06:59 am
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Valued Member
Canada
90 Posts |
From your experience, when collecting a type set, should I try to focus on the same mint mark for all years. Or do I get the highest mark for most coins that are affordable, and a coin like a 1873 5 cent obverse #2 - H, which is listed at over $10k, grab it a lower mark until someday I can upgrade.
Edited by Crjenkins
04/05/2016 07:28 am
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Pillar of the Community
United Kingdom
2624 Posts |
My personal approach would be to find the best coin possible for each type. You are looking for a nice exemplar of each kind of coin... to me matching the years or mintmarks is not the point of the exercise it is to get a coin with great eye appeal consistent across the coins.
Of course if you happen to get a rare mint mark or year that is a bonus, but not the primary goal.
Constructing such a set will lead to a familiarity and general knowledge about the coins...you may discover that some interest you more than others and this can lead on to specialising on a particular type to make a date/mint mark collection.
To me collecting is not a linear process whereby you start with one year or coin and work your way through... I go in different directions, exploring and adding in different area's... one minute trying to fill gaps in one area and then returning to some other area. It is an organic process exploring and feeling out anything of interest and constantly shifting in order to build a well rounded and diverse collection.
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Pillar of the Community
United States
6130 Posts |
You might want to look into a OFEC (one from each country) set. Most are by definition, "junk" but you can go for either a themed set (e.g. all 1 cent denominations, all of a specific color or composition) or you can just assemble a fun set of ~200 BU coins. If you want to be adventurous, you can get a 10lb lot on ebay to dig through--should set you back less than $100 and you are almost guaranteed to find some nicer coins in there. |
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Valued Member
Canada
90 Posts |
Thanks DavidUK, that helps.
Thanks Finn235, I'm currently doing a OFEC(mine is not themed), I'm been thinking about buying a bulk bag of coins, hope to pick up some new countries at the Toronto coin expo
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Bedrock of the Community
United States
20753 Posts |
I personally don't like type sets. I'd rather try to fill an Album. If I were you I'd just get some Albums and try filling those.
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Moderator
 United States
188747 Posts |
Quote:
I personally don't like type sets. I'd rather try to fill an Album. If I were you I'd just get some Albums and try filling those. There are albums for type sets. Just saying.  |
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Valued Member
Canada
90 Posts |
I'm gonna collect Newfie, where do I look for an album and are some better than others.
Thank for the help folks
Edited by Crjenkins
04/05/2016 12:04 pm
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Replies: 19 / Views: 2,722 |
Posted 04/04/2016 11:26 pm
