Coin Collecting 101 Video | American Numismatic Association

Hello. My name is Rod Gillis, and I ‘m the education conductor at the American Numismatic Association. And if you’re fresh to collecting, I ‘d like to spend a few moments talking with you about, possibly the most important decision that you’re going to make in your collecting career. And that is, how to collect.

You know, one of the things that I specially enjoy about my job, is that I get to spend a batch of meter talking with people who show me new ways that they collect. There are people who collect, of course, United States coins. There are people who collect populace coins. There are people who collect coins from places that they ‘ve visited on vacation. There are people who collect coins from the year of their birth. There are people who collect neckcloth certificates. And there are people who collect composition money. There are people who collect newspaper money if alone there ‘s a knight on it, or if they can only find the discolor purple on the composition money. We can actually spend all day talking about the different ways that people collect. actually, the only limitations to collecting are the way that the money that ‘s in your wallet, and the imagination that you have.

The two most popular ways that people collect are by type and by fit. And what I mean by that, is that people collect by type, collect the finest example of a especial appellation of coin. therefore, for exercise, you might want to collect half dollars and you would try to find the finest example of a Barber Half Dollar, a Liberty Seated Half Dollar, a Walking Liberty Half Dollar, and then on. And that ‘s collecting by type. But credibly the most popular way that people collect, is by stage set. And what I mean by that is people collect a detail mint, and they collect all of the years that that mint was minted and from all the mints that that coin was made.

collection by set is a great way to collect. And, again, it ‘s the most democratic way. But I do want to give you some words of advice. I run across a bunch of people who want to start off by collecting a very unmanageable plant. So people come up to me very often and say, “ Rod, I ‘m new to the collecting avocation, and I ‘m starting out by collecting a set of Morgan Dollars. ” And when they say that to me, I sort of flinch inwardly, because collecting a set of Morgan Dollars is a very difficult proposal. It’s a identical retentive set, and there are some identical expensive coins within the laid. And it ‘s terribly hard when you’re a mark new collector to be able to put a laid of Morgan Dollars together.

It’s best if you’re able to put a set in concert that is n’t about angstrom unmanageable, and sort of get your feet wet, and get some know in collecting before you tackle such a difficult set. So, for case, it would be a bang-up idea to put a rig together of Jefferson Nickels. A set of Jefferson Nickels is an easily accomplished set. As a matter of fact, the great thing about Jefferson Nickels is, is you’re able to pull a draw of them from your own change. You could besides collect, for example, Roosevelt Dimes. Roosevelt Dimes is a bang-up set to put together where you do n’t have to spend a great share of money, it ‘s not a farseeing set. And then, after you ‘ve finished you can get that touch of skill.

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