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Author Previous TopicReplies: 10 / Views: 1,797Next Topic  
New Member
theo22's Avatar
United States
10 Posts
 Posted 12/05/2009  10:00 pm Show Profile   Bookmark this topic Add theo22 to your friends list Get a Link to this Message Number of Subscribers
hello I am new to coin collecting. I am wondering what to supplies and equipment to obtain what coins to collect? I also would like to know how to store the coins.

thanks Conrad
Edited by theo22
12/05/2009 10:11 pm
Pillar of the Community
collect4fun's Avatar
United States
1151 Posts
 Posted 12/05/2009  10:23 pm  Show Profile   Bookmark this reply Add collect4fun to your friends list Get a Link to this Reply
Conrad, first off

What to collect all depends on you and your interests. Any coin is collectable, some are just worth more than others and increase in value. Remember, it will always be worth face value. You can collect by denomination, year, mint mark, composition, country, variety, just so many ways.

You will want to read reference books, this website, magazines, anything you can get your hands on for information about coins. Knowledge is your best piece of equipment.

Some basic supplies are a good reference book, 2x2 cardboard flips, and a magnifier. Other supplies might include folders / albums, cotton / vinyl gloves, a gram scale, and coin tubes.

Storage options are endless. They include everything from a jar that you toss coins into up to archival albums that are kept in safety deposit boxes. It all depends on how much protection you want to give your coins.
New Member
theo22's Avatar
United States
10 Posts
 Posted 12/05/2009  10:36 pm  Show Profile   Bookmark this reply Add theo22 to your friends list Get a Link to this Reply
thank you I am also wondering how you can buy coins from a coin star machine.
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collect4fun's Avatar
United States
1151 Posts
 Posted 12/05/2009  10:46 pm  Show Profile   Bookmark this reply Add collect4fun to your friends list Get a Link to this Reply
Can't buy coins form a Coinstar machine, only dump them. You may find an occasional reject in the bottom tray.

Coinstar takes 3-4 cents of every dollar you dump.
New Member
theo22's Avatar
United States
10 Posts
 Posted 12/05/2009  11:03 pm  Show Profile   Bookmark this reply Add theo22 to your friends list Get a Link to this Reply
thank you are circulated coins worth saving?
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collect4fun's Avatar
United States
1151 Posts
 Posted 12/05/2009  11:13 pm  Show Profile   Bookmark this reply Add collect4fun to your friends list Get a Link to this Reply
Depending on the coin, yes circulated coins are worth saving. A coins value is dependant on it's "grade" or condition. The same coin in a "good" grade could be worth a couple bucks and in a high grade like "MS 65" ( MS meaning mint state) could be worth hundreds or thousands.
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augsburger's Avatar
Germany
1063 Posts
 Posted 12/06/2009  04:47 am  Show Profile   Bookmark this reply Add augsburger to your friends list Get a Link to this Reply
From a what to collect point of view. In the US it seems that collecting is based mainly around getting sets of coins that fit into albums that are designed to hold one of every type of coin, one from each year and variety.

This may be the way you want to go forward. It is quite expensive I have found.

I personally collect one coin of a type, I forget about individual dates. With US coins it can get a little complicated because the way the coin looks has changed even though it is technically the same coin.
But then as I have a big German collection, if I collected every date and mintmark, this would be impossible, I find it hard just to collect one of each type. I am not rich, in fact I might even be considered to be in poverty, (well maybe not), but I like having one of each coin from every country I can get.
I live in Europe and travel quite a lot, so I pick up the circulating coins from these countries. Circulating coins are much, much, MUCH cheaper than the older coins.

But then some people collect on coin from each "country" which gets tricky as you have to define country. Like German pre 1871 had hundreds of separate states, and countries come and countries go, then you have places that issue revolution coins that are used for only a few months and so on.

Then there are people who collect coins that look nice.

Each has its own merit. You do what makes you feel good, based on your budget, your reasons.

I started collecting because I lived in the US, and got a bag of coins, from State Quarters (the first few) and then moved to the eurozone 5 months before the euro came out, and those two things got me going, and I just collected what I wanted to collect. And at the beginning I would say, go after the coins you want to go after. Do you want to collect circulating coins, or shiny uncirculated, proof etc etc.
Just follow your instinct.

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Irishraider's Avatar
United States
1454 Posts
 Posted 12/06/2009  09:13 am  Show Profile   Bookmark this reply Add Irishraider to your friends list Get a Link to this Reply
Just collect what you like. Storage and storing coins will take a little time at first to learn. I can tell you what I started with and that was Mercury dimes. I started 5 years ago and am now 48 yrs old. I wished I had started when I was a lot younger. Welcome to the forum and everybody here is very helpful.

Here's a good place to start:

http://www.coincommunity.com/coin_histories/

Edited by Irishraider
12/06/2009 09:15 am
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nolawyer's Avatar
United States
763 Posts
 Posted 12/06/2009  09:55 am  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
If you are going to collect US coins I think the best thing to do is pick up a current copy of A Guide Book of United States coins by R.S. Yeoman which is also called The Red Book. You should be able to find the 2010 edition at any decent book store.

As to storage, I like the 2X2 cardboard flips. Make sure anything you decide to store your coins in is PVC free.

Valued Member
FreezerBurn's Avatar
United States
135 Posts
 Posted 12/06/2009  11:30 am  Show Profile   Bookmark this reply Add FreezerBurn to your friends list Get a Link to this Reply
May I suggest Roosevelt dimes 1965 to date from circulation? It gets results fast and gets you looking at lots of coins for no value over face. 45 years of P and D mint marks (87 coins through 2009) and no keys make it an easy and affordable series. Storage is as simple as a folder or 2x2's but an album brings a finished look to your collection and allows viewing of both obverse and reverse unlike folders.
Second and third choices would be Memorial Lincoln Cents 1959 to date and Jefferson nickels 1938 to date. Both are do-able from circulation with sufficient numbers of coins to make collecting a challenge.

Good luck with whatever you choose and enjoy!
Edited by FreezerBurn
12/06/2009 11:32 am
Valued Member
OldGold's Avatar
United States
272 Posts
 Posted 12/06/2009  12:34 pm  Show Profile   Bookmark this reply Add OldGold to your friends list Get a Link to this Reply
I would agree that Memorial Lincoln Cents 1959 to date would be a good start. That's what my kids are working on right now. I picked up 2 Whitman folders, one was for 1959 to 1998 and the other is 1999 to present (with lots of empty spots for years to come). The folders were cheap, like $3.99 each, and helped them understand dates / mint marks. Plus they were able to fill about 2/3 of the books out of their banks.
Edited by OldGold
12/06/2009 12:35 pm
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