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What is Coin Collecting?

So you want to collect coins but you’re not sure how to get started? First, let’s answer the question, what is coin collecting?

What is Coin Collecting?

Coin collecting is a hobby that has been around for many years. It is believed to have begun as early as the fourteenth century. Coin collecting is just that - collecting or gathering coins either to trade or to keep. The hobby is fascinating enough to be a competitive sport to some, while simple enough to interest even a young child.

There are almost as many reasons to collect coins as there are coins to collect. Many people collect solely for profit. They seek out rare or error coins in the hopes of being able to see them later for a financial windfall. However, this does not make up the bulk of coin collectors. Some collect because they enjoy learning about the history of the different coins. Still others collect coins that carry some sort of sentimental value for them. Some simply collect coins because they think they hold artistic value.

Coin collecting can be a very expensive hobby, but it doesn’t have to be. One of the best things about coin collecting is that you can suit it to your own desires. If you wish to spend quite a bit of money on purchasing quality pieces, there are coin dealers and coin shows in which you can do just that. On the other hand, if you want to pursue coin collecting for other reasons, it can be a very inexpensive thing to do. You can buy coins from the bank or a mint. You can also ask your friends and family (especially those who travel) or grandparents for extra coins they may have lying around. Sometimes these can prove to be quite valuable, or at least very interesting.

1937 WALKING LIBERTY HALF DOLLAR BETTER GRADE COIN !!
US $19.50 (0 Bid)
End Date: Monday Sep-05-2011 12:53:36 PDT
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URUGUAY COIN PATTERN N$20.000 SILVER UNIFAZ OBVERSE UNC
US $135.00
End Date: Monday Sep-05-2011 12:53:42 PDT
Buy It Now for only: US $135.00
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LOT OF 2 WORLD COINS AND 7 US COINS
US $12.50 (2 Bids)
End Date: Monday Sep-05-2011 12:53:42 PDT
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1888 INDIAN HEAD PENNY, CLEAN COIN, LOTS OF DETAIL
US $6.99
End Date: Monday Sep-05-2011 12:53:43 PDT
Buy It Now for only: US $6.99
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Old coins USA Quarter Dollar 1989
US $1.60 (0 Bid)
End Date: Monday Sep-05-2011 12:53:49 PDT
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1943 WALKING LIBERTY MINT SET P ,D ,& S 3 COINS NICE
US $40.16 (3 Bids)
End Date: Monday Sep-05-2011 12:53:50 PDT
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1991 MOUNT RUSHMORE ANNIVERSARY COINS
US $52.00 (0 Bid)
End Date: Monday Sep-05-2011 12:53:52 PDT
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WOODEN BOX FOR COINS MAPLE? WITH BLACK INTER. #2223
US $35.95
End Date: Monday Sep-05-2011 12:53:53 PDT
Buy It Now for only: US $35.95
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Hong Kong - Lot of (17) Coins
US $3.00 (13 Bids)
End Date: Monday Sep-05-2011 12:53:53 PDT
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1896 Liberty Nickel - A fine looking coin - B12
US $15.00 (4 Bids)
End Date: Monday Sep-05-2011 12:53:54 PDT
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VICTORIA 1901 GOLD HALF SOVEREIGN COIN VF
US $400.00 (10 Bids)
End Date: Monday Sep-05-2011 12:54:00 PDT
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1896 S, Morgan Silver Dollar,Nice Original Coin ps1
US $53.00
End Date: Monday Sep-05-2011 12:54:04 PDT
Buy It Now for only: US $53.00
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ROLL OF 40 COINS VF/XF FULL HORN BUFFALO NICKELS
US $160.00
End Date: Monday Sep-05-2011 12:54:14 PDT
Buy It Now for only: US $160.00
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Poland coins
US $1.99 (0 Bid)
End Date: Monday Sep-05-2011 12:54:14 PDT
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1929 silver coin republic of china
US $109.99 (0 Bid)
End Date: Monday Sep-05-2011 12:54:17 PDT
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Presidential Dollar Set 2007-2011 P Mint BU 20 Coins
US $49.99
End Date: Monday Sep-05-2011 12:54:17 PDT
Buy It Now for only: US $49.99
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23 Mixed Silver Coin Lot Morgan, Eagle Dollar, Barber +
US $161.00 (21 Bids)
End Date: Monday Sep-05-2011 12:54:27 PDT
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1987 P & D 10 Coin Mint Set OMP
US $4.24 (2 Bids)
End Date: Monday Sep-05-2011 12:54:28 PDT
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Old coins USA Quarter Dollar 1983
US $1.60 (0 Bid)
End Date: Monday Sep-05-2011 12:54:37 PDT
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1886 indian pennies variety 1+2 very nice coins L@@K
US $23.35 (5 Bids)
End Date: Monday Sep-05-2011 12:54:42 PDT
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1868 U.S. SILVER TWO CENTS PIECE COIN ~ DECENT DETAILS
US $15.07 (7 Bids)
End Date: Monday Sep-05-2011 12:54:43 PDT
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NGC MS 64 1902 O MORGAN DOLLAR $1 COIN CE2115
US $115.00
End Date: Monday Sep-05-2011 12:54:45 PDT
Buy It Now for only: US $115.00
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LATVIA 1 Lats Collector Coin Latvian ABC Book Silver
US $61.99
End Date: Monday Sep-05-2011 12:54:54 PDT
Buy It Now for only: US $61.99
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Lot of Casino Chips Dollar Coins & Tokens
US $19.99
End Date: Monday Sep-05-2011 12:54:56 PDT
Buy It Now for only: US $19.99
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MIXED LOT, PROOFS, MINTS, USA COINS
US $24.99 (0 Bid)
End Date: Monday Sep-05-2011 12:55:07 PDT
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KAZAKHSTAN 1995 SILVER PROOF COIN 100 TENGE KUNABAEV
US $189.95
End Date: Monday Sep-05-2011 12:55:08 PDT
Buy It Now for only: US $189.95
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Most collectors will look for coins of a certain type. Again, there are many ways in which to do so. You can look for coins by the type of metal they are made which, such as gold or silver coins. This is generally selected by more advanced coin collectors as it is not always an easy task. Other types include searching for coins within a certain time period or coins that come from the same country.

If coin collecting is something you would like to do, the best advice would be to find something about coins that interests you and start collecting. Read books or other articles about coin collecting, join a club, or just start gathering coins.

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