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Bedrock of the Community
BadThad's Avatar
United States
19949 Posts
 Posted 06/16/2010  3:57 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Welcome to CC!

* Another vote about picking a series that is of interest to you. Study that series and become an expert. Know the key and semi-key dates/mints. If you try too many series to start, you'll be confused and make mistakes with your money.
* Stay away from ebay! Until you know EXACTLY what you're doing, chances are you'll end up getting ripped-off.
* Learn to spot cleaned, damaged and altered coins in your series. This is VERY important because there's a ton of junk out there just waiting for the novice collector.
* Ask a lot of questions on this forum. You'll get a lot of help.
* Find a Guru! Visit local coin shops and make friends with the owner(s). Use them to learn! Buy a few coins from the ones you'd like to cement a relationship with. Any good owner enjoys making customers their friends so they come back. I've learned most of what I know from Guru owners! It's not uncommon for me to hang out for an hour or more shooting the breeze and learning. The best shops have comfortable seats just for that purpose. Sit down, look at some coins and talk. My favorite shop owner tosses me coins worth thousands so I can see them. He trusts me 100%, which is very important....build trust so he understands your not a thief! Any dealer HATES thieves more than anything because coins are pretty easy to steal. Make sure you keep any coins on the counter in plain sight, don't reach in your pockets while looking or do anything suspicious....this builds trust. My guys trusts me so much now he sometimes leaves me watch things for a minute while he goes to the bathroom or whatever.
Lincoln Cent Lover!
VERDI-CARE™ INVENTOR
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Pillar of the Community
United States
1547 Posts
 Posted 06/16/2010  8:58 pm  Show Profile   Bookmark this reply Add eddiespin to your friends list Get a Link to this Reply

Quote:
I am new to the world of coin collecting, but I need guidance. I have been reading and learning as much as I can and am really excited about this new hobby. Any tips about getting started would be greatly appreciated! As a child I acquired a fair amount of coins from my mom who worked as a bank teller, but I am just now picking up the hobby twenty years later. I am trying to keep from just going out and buying stuff. Any suggestions? Thanks!

Hi perhunt29. I just caught your thread and I only got a minute. My advice is, I'd start with roll-searching. Besides it being a blast, it's the best way one can learn to appreciate coins, as it's your hands right there on that steering wheel (OK, in a manner of speaking). That's my opinion, anyway. Get in that driver's seat and take her out for a spin (OK, ditto). And, get this, you can't lose money, you can only win! And that makes it the best game in town.

Look, good luck to you, and ask questions, we'll find the answers!
Pillar of the Community
upstate's Avatar
United States
3283 Posts
 Posted 06/21/2010  12:36 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
Great advice from BADTHAD
New Member
United States
6 Posts
 Posted 06/21/2010  03:24 am  Show Profile   Bookmark this reply Add rickp to your friends list Get a Link to this Reply
Red Book prices are what we all wish we could sell our coins for!!
A more real price that we can sell our coins for is The Blue Book.
My self I don't collect coins for profit.However my wife just might
be looking a big payout for the coins.She keeps telling me she is
going to bury me in the the backyard.
I'm not full of wisdom in the coin collecting field,but one thing
you should look into is coins from US Mint.They do sell coins at
the best price when they are released.Later in the secondary market,
you might find them less costly.Good luck in your collecting.
rickP
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