Beginners Guide to Coin Collecting

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Numismatics


The study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.


How should I begin?

The best feature about coin collecting is that you can start by just going through the change in your pocket and you will soon realise that there are a variety of coins that you can single out to add to your collection. Also, once you are a coin collector you will start looking at coins in a whole new light and that will only fuel your coin hunting skills.

What should I collect?

The most important thing to do is first decide what type of coin you would like to collect; it can be current circulating coins, commemorative coins or memorabilia coinage, which are minted for special occasions and events. By deciding on the type of coins you will collect will mean that you will specialising and therefore will build up a collection much quicker, and one that could become more valuable.

Examples of coins that are currently in circulation and that are popular among collectors include; £2 coins, commemorative 50p's and more specifically Olympic 50p's. 

Is it worth it?

One of the best features of coin collecting is that you never have to spend a penny (no pun intended) because if you collect 50p's and only hunt them through the change you receive, you will never 'pay' more than 50p. Also if you are struggling to find a particular coin you can always swap with other coin collecters, and if you are really wanting to complete a collection and cant find a coin then you can always find it on eBay. 

Where can I find more information?

There are many resources available online with specialist coin collecting websites and forums, as well as the royal mint and the london mint website, where you can find out more information and purchase current coins and commemorative pieces.

Note: I have completed this guide as a task for bzzagent (as user botoxjunkie)
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