Coin Collecting, a Beginner's Tutorial

If you are just getting started on coin collecting, you are probably amazed at how many different kinds of coins are available and how many different sources there are for purchase.In order to get started in your new hobby, you will first need to educate yourself on how coins are valued.Grading coins is simply a common ground for collectors and dealers to best describe the condition of a coin.

First, I would suggest that you do an internet search on coin grading; this will give you a general idea of how coins are graded.Coins can be graded from the highest rating of MS-70 to the lowest of G-4.Coins are then further divided into two sub categories of "Circulated" and "Proof Sets".Proof sets are coins that are minted specifically for the collector and can receive the highest rating of Prf-70 and the lowest of Prf-60.Proof sets are made with specially polished dies and coin blanks; they are made specifically for the collector.Circulated coins are made for the consumer.They are minted and shipped out in bags for circulation.Most of these coins will have surface marks where they have contacted other coins.The less contact marks the better.These coins can be rated all the way up to MS (mint state)-70, but this would be the rarest of coins.

    

There are many websites and books available for you to get started on your education.Although you can do as much book learning as you want, nothing compares to on hand experience.Go to a coin shop and browse around, go to a coin collector show, ask your friends if they collect coins.Remember, knowledge is power.

Probably the easiest way to get started would be to do a modern coin collection of circulated coins according to date and mint mark.In other words, collect a coin from each mint and each year that it was produced.Every day go through the coins that you receive as change and expand your collection.Begin to grade your coins and trade out to improve your collection.Become more and more familiar with how to grade your coins and soon you will be ready to expand your collection into your niche field of interest.

There are many fine and reputable dealers and collectors, but it will do you good to gain this knowledge to protect yourself.Coin grading is simply a medium by which collectors and dealers communicate the condition of their coin.Normally when a coin is of higher value it will have some sort of certification from a professional grading service.The coin will be looked at under a microscope, all contact marks and discoloration will be noted and the coin will be graded accordingly.Some coins will be encapsulated with a certificate and others will not.

Good luck in your coin collecting ventures.You should now probably look for articles on where to find coins and how to clean and store them.Remember to never clean a coin that you intend to sell as it will destroy its value.Coin colleting is a fun and rewarding hobby that anyone can enjoy with just a little education.



Article Source: Coin Collecting Guide
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