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Valued Member

United States
58 Posts
 Posted 07/23/2008  4:02 pm Show Profile   Bookmark this topic Add kdkenn to your friends list Get a Link to this Message Number of Subscribers
Okay I posted yesterday about wanting to start collecting coins and since I work as a bank teller think this is a great opportunity to start. I've already started with some foreign coin caught in the rejects of the coin machine.
I have one from Kuwait, 2 1968 one cent from the Bahanma Islands, one 100 Forint from Hungary I believe, couple of canadian pennies, Twenty Cents from Hong Kong, 25 cent coin 1955 british caribbean territories eastern group, another one not sure what it is but says D G REG F D 1980 elizabeth II new penny.

Also after going through my penny jar found 2 wheat pennies years 1923 and another that I'm not sure if it is 1950 or 1956, also just a couple of weeks ago was at the gas station and the guy in front of me paid using a 1942 dime. The teller looked at me and asked what it was and I told her I wasn't sure (really wasn't sure because I am just starting this but traded her another dime for it so I have that one also.

Going through my pennies what an I looking for? I really want to pick out the ones I should be saving before I cash the rest in and start looking for some more.

Also on Half dollars which ones should I be looking for? Or any other coin for that matter.

I am going to buy the 2009 Red Book and also thinking about Looking through penny cents. Are these good choices or anything better?

Rest in Peace
pls's Avatar
United States
1729 Posts
 Posted 07/23/2008  4:28 pm  Show Profile   Bookmark this reply Add pls to your friends list Get a Link to this Reply
kdkenn, I'd say you're on the right track. Eventually you'll want to focus on what aspect of coin collecting you enjoy the most, which right now seems to be penny collecting. I always enjoyed trying to fill my old Whitman albums, which in case you're not familiar with them, have one hole for each cent struck each year at each mint. There are also more varieties than I can explain which collectors are looking for - try a search on the forums for "cents varieties" and see what turns up. I'm sure other penny watchers will have specific suggestions. But don't be afraid to ask questions, and don't be afraid to bang around the hobby a bit until you find your passion. (btw your "D G Reg F D 1980" new penny is from Great Britain).
Valued Member
United States
429 Posts
 Posted 07/23/2008  4:29 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
I think this is a great start because it will be easy to see what you have at work first and then hopefully others at work may be able to help as well. The RedBook is one of the better investments you can make at this point because you can then see what coins are more valuable and why. Part of it is because of the date, others the total number made and others because of material. The other posts have said when to look for silver pieces and this is a great thing to start looking for as well. For information about these I would recommend http://www.lincolncentresource.com/index.html because it is devoted just to Lincoln's. I have gone there and made a list of coins that I set aside and examine closely for these varieties.

The halves are another great choice for almost the same exact reasons, but with these there are coins with 40-90% silver still in circulation. With these you are looking for everything before 1970 and especially ones that are Franklin's. In fact, any older coin that comes through that we do not currently use in circulation you should set aside.

One of the other things people will start writing about is how to store them. Do a quick search on the sight and you will find a ton of threads on the subject and give you an idea of where to start. Also, you may want to look at local coin shops just to see what else is out there and available, but get everything you can from circulation before you start paying premium prices for things.

The Lincoln's are a very easy coin to collect because of how cheap they are (to start collecting, not including your key dates and varieties) and so many people over look them because they do not even like the idea of a penny coin.
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