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Best Piece Of Advice Gets Roll Of Wheat Cents

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benjaminfailor01's Avatar
United States
123 Posts
 Posted 04/12/2016  10:26 am  Show Profile   Bookmark this reply Add benjaminfailor01 to your friends list Get a Link to this Reply
I mean coin collecting advice.
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CoinCollector2000's Avatar
United States
2563 Posts
 Posted 04/12/2016  1:08 pm  Show Profile   Bookmark this reply Add CoinCollector2000 to your friends list Get a Link to this Reply
1) NEVER clean coins!
2) Find a denomination that interests you (1c, for example, is mine)
3) Research that denomination, find out key dates, varieties, and other errors.
4) Study up on counterfeits! You will be happy that you did your research in the future!
5) Buy a loupe, if you like errors. I use a Carson 10x loupe. I have found many GREAT errors with it!
6) Collect what you enjoy most! You will hear this a TON! But, it is one of the most important things you can do! I started off by collecting errors, then strayed to Morgan dollars, which were cool for a while, but then the errors ultimately won me back.
7) Collect what best suits your budget. Back to the errors and Morgan dollars, Morgans are WAYY too expensive for me at 15 years of age! I LOVE getting an attractive error for maybe $5! Collect what you can afford.
8) You aren't forced to love collecting coins. If, after a few months or years, the fire or passion for collecting has gone out, you don't have to stay. That's what happened with me and baseball cards. I loved them for a little bit, but then I got bored of them.
9) If you ever have questions, ask us! We have many "experts" here on the forum that can lead you in the right direction. They are human, however, and subject to errors!
10) If coop tells you something about a cent, you best believe he's right. He's wrong very rarely. And, if he doesn't know what's going on with your coin, he gets Mike Diamond on here (one of the Big Guys).


I hope that this is just the beginning of your coin collecting experience!
Edited by CoinCollector2000
04/12/2016 1:12 pm
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CoinCollector2000's Avatar
United States
2563 Posts
 Posted 04/12/2016  1:09 pm  Show Profile   Bookmark this reply Add CoinCollector2000 to your friends list Get a Link to this Reply
Also! Buy the coin, not a story or holder! Many rookies make this mistake and get snubbed. DON'T DO IT!
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RCook's Avatar
United States
449 Posts
 Posted 04/12/2016  1:29 pm  Show Profile   Bookmark this reply Add RCook to your friends list Get a Link to this Reply
Buy cheap, sell high.
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UberDan's Avatar
Australia
95 Posts
 Posted 04/12/2016  4:50 pm  Show Profile   Bookmark this reply Add UberDan to your friends list Get a Link to this Reply
Make money when you buy the coin, not when you sell it
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Mayflower2020's Avatar
United States
624 Posts
 Posted 04/13/2016  12:46 am  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list Get a Link to this Reply
Don't try to earn money with your collection. Collect what you like and what interests you.
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Mayflower2020's Avatar
United States
624 Posts
 Posted 04/13/2016  12:48 am  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list Get a Link to this Reply
Keep your collection well hidden. The more people who know where you keep your coins the more they are at risk of theft. And the more out in the open they are, the more likely you will be to want to touch them.
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Mayflower2020's Avatar
United States
624 Posts
 Posted 04/13/2016  12:53 am  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list Get a Link to this Reply
I still think my earlier advice of 'Study Investment Banking' still applies to coin advice. You will earn a whole lot more money which will give you a larger budget for coins. You will have more access to coins and currency and you will better understand the system on which coins, and currency are based giving you inside knowledge of the markets that our money is based on. :)
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nss-52's Avatar
United States
54282 Posts
 Posted 04/13/2016  09:34 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply

Quote:
Don't fry bacon or sausage in the nude.


Quote:
I mean coin collecting advice.


Don't clean your coins by frying them with bacon or sausage in the nude.

Show your financial support of the Coin Community Family (click here)
See my topic on Mexican Numismatic Medals (click here)
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hozer's Avatar
United States
422 Posts
 Posted 04/15/2016  7:12 pm  Show Profile   Bookmark this reply Add hozer to your friends list Get a Link to this Reply
Always share your knowledge and accept knowledge of others.
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South Africa
331 Posts
 Posted 04/15/2016  7:42 pm  Show Profile   Bookmark this reply Add teslacoil to your friends list Get a Link to this Reply
Remember nothing is ever yours so if you have something share it, use it, spend time with it!
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GoldenChest's Avatar
United States
814 Posts
 Posted 04/16/2016  01:19 am  Show Profile   Bookmark this reply Add GoldenChest to your friends list Get a Link to this Reply
Alwaya check your change!
Valued Member
United States
122 Posts
 Posted 04/16/2016  04:18 am  Show Profile   Bookmark this reply Add 91o_collector to your friends list Get a Link to this Reply
The only surefire way to double your money in coin collecting is to fold it over and put it in your pocket..... Or how to end up with a million dollars in coin collecting, start with 2 million dollars.
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Misterpostman's Avatar
Australia
208 Posts
 Posted 04/16/2016  09:59 am  Show Profile   Bookmark this reply Add Misterpostman to your friends list Get a Link to this Reply
Never clean a rare coin, and
Think long and hard about cleaning any coins
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 04/16/2016  10:30 am  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
Page 2

Anyways... I agree with everyone else, especially CoinCollecter2000's list.
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