Coin collecting for beginners (An in-depth guide for all ages)

An introduction to coin collecting for beginners

Coin collecting dates back to the twelfth century, and it remains a democratic hobby for people of all ages around the earth .
normally known as ‘ numismatics ’ by enthusiasts, there are many unlike reasons for starting a coin collection .
One of the cheapest ways to begin collecting is by saving specific £1, £2 or 50p coins which are found in pocket change. After all, they ’ ll never lose value and can be spent if you grow tired of the hobby.

For some collectors, the bang comes from holding a beautiful piece of craftwork in the palm of their hired hand, where they can amply appreciate its historic period, weight and history .
For others, coin collection is far more than a hobby, it ’ s a manner of life. rare artefacts are sought, sometimes by using metallic element detectors, and cherished for their beauty and scarcity .
It doesn ’ t topic why you ’ ra interested in numismatics, this introduction to coin collect will help you learn a few basic rules so you can create a collection you ’ ll be proud of .

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The basic parts of a coin

Before starting a collection, it ’ south important to familiarise yourself with the basics – such as the unlike areas of a mint .
The head: besides known as the ‘ obverse ’, this slope normally has an picture of a bust or portrait and the year when it was minted .
The tail: besides known as the ‘ change by reversal ’, this side features the coins face value .
The rim: The raised-up area which encircles the diameter of the obverse and rearward sides .
The relief: The character of a mint ’ sulfur purpose which is raised above the come on .
The edge: sometimes known as the ‘ third side ’, this is frequently grooved but can be ornamental or plain .
The legend: The letter or dedication which identifies the state of issue and its expression value. It may feature the initials of the graphic designer .
The field: Any apartment surfaces of areas with no inscriptions, which provides the background for the coin .

The different types of coins

When you ’ re good starting out in numismatics, you credibly won ’ t know all the different types of coins available to collect .
here are some the most common types you ’ ll come across :
Error coins: Any coin with a flaw which distinguishes it from early similar examples. These are frequently highly rare, difficult to acquire and carry a high price tag.
Proof coins: particularly minted for collectors and prized for their distinguished ocular attract. They have immaculate design and finish made to the highest quality. The pinnacle of coin gather .
Brilliant Uncirculated coins: Coins with a fine mint appearance and shininess because they ’ ve never been in circulation. slightly lower in definition to a proof mint .
Commemorative coins: Issued to mark a especial event or protection to an important person, commemorative Coins can often prove to be valuable in their own right .
Bullion coins: Coins crafted from precious metals such as gold, platinum and argent .
Ancient coins: Exceptional pieces of history, much handmade, which can date second to Roman or Greek times .
Circulating coins or business strikes: The coins in general circulation for day by day use .
Worldwide coins: Any mint which is from a state which is outside the UK .

How to start a coin collection

With such a wide rate of coins available, starting a collection can initially feel a little overpowering .
Before spending money on coins, learn everything you can about them. Start with the easy change in your pocket and familiarise yourself with their parts, inscriptions, images, the material it ’ s made from and what type of mint it is .
Having mastered the basics, you ’ ll soon be able to weigh up the best overture for compiling your solicitation .
Collectors normally choose to specialise in one of four principal categories :

Collecting by theme is credibly the most common way to get started with numismatics – the possibilities are endless. Simply choose a subject which has been depicted on a coin and away you go. It could be an complex number character, celebrated person, animals, cars, railways, flowers, buildings, landmarks, sport or sporting event. possibly unsurprisingly, the most popular coin collecting root in the world is the Olympic Games, closely followed by football and military history .

prototype credit rating : royal batch
Historical significance
historical enthusiasts love to collect coins which relate to a specific period. You may be interested in a time period ( e.g. WW2 from 1939 to 1945 ) or a year which has significance for you, such England ’ randomness World Cup win in 1966. possibly you could acquire each coin issued from one particular year, like the Crown through to the Farthing, before doing the like for another year. Collecting coins with different mint marks is besides another interest way to collect by class .
Type or denomination
If you choose to collect based on a coin ’ south measure, it opens the possibility of acquiring every major design always featured, such as those on a Penny or Farthing. Or you may want to collect all the year types or different batch marks .
Country of origin
If you want to learn about the acculturation and history of a country, collecting coins is a great manner to do it. british coins are obviously identical popular, but those issued in Canada and America besides offer big insight into their Presidents and historic periods like the Gold Rush, Civil War or Wild West earned run average .

What’s your motivation for collecting?

When starting out on this antic journey, it ’ sulfur authoritative to understand why you ’ ve been motivated to do sol .
here are some of the most common reasons we ’ ve come across :

  • Interest passed from one generation to another
  • Interested in certain themes (queens, wars, sport, films etc)
  • Enjoy the visual reference coins offer
  • Found an interesting coin by chance
  • Save foreign coins from trips abroad
  • Admire coins for their artistic value
  • Like following work of the Royal Mint
  • Collect for their bullion value
  • See it as a long-term investment

Although there ’ s no right or wrong answer for starting a coin collection, unlocking the mysterious may help to shape your thoughts and collecting habits in the long condition .
In our experience, the golden rule of collecting is to lone acquire coins that you like or find interesting. Stick to this rationale and you ’ ll never grow tired of your new-found avocation .
If you’re exquisite to learn more about old coins, see our Coin Grading guide for more information !

How to store coins

Coins may be made from alloy, but they can well get damaged so it ’ s significant to handle and store them well .
When starting out your coins are probable to be of lesser prize, and the easiest direction to store them is by putting them in a mint tray ( pictured below ) or cabinet .

image recognition : Amazon sell coin trays
If you begin to acquire coins which are more valuable, they ’ ll require a better storage solution .
Coin envelopes, made from acid-free paper, are ideal for storing single coins. extra airtight envelopes or albums can be used to store or display a collection of individual coins, preventing oxidation or scratches .

How to clean coins

There is a proper way to clean coins and using the wrong method can frequently reduce its value .
At Warwick & Warwick, we do not advise cleaning a coin unless it is absolutely necessary .
If you truly do want to clean a coin, consult a numismatic adept to do it on your behalf. But never use chemicals or abrasive clean products on coins .

Collect, learn and enjoy – a summary

It doesn ’ thyroxine topic whether you want to collect for pleasure or gem, this enthralling avocation can very cursorily get a bobby pin of you .
When starting out, very few collectors actually know what types of coins they want to collect. Most begin by buying a wide crop of denominations or types until they find a specific area of interest .
As with any hobby or specialism, novices are more inclined to make mistakes compared to collectors with more feel. But this is not something beginners should worry about .
however, you should think long and hard before buying any coin. Is it the type you like and within a price range you can afford ? If you answer ‘ no ’ to either of these, it ’ s probably not the right one for you .
Depending on your budget, it ’ randomness always wise to try and buy the best choice coin you can afford at the time. In the long tend, adopting this attitude will reap its rewards. After all, it ’ mho normally better to own a few valuable coins which are of interest to you preferably than a larger collection which fails to capture the resource.

Remember, mint collect should be an enjoyable experience. Take your time, do your research and learn about all the different coins which are available. It may take months or years to amass a collection – and coin cognition – that you ’ rhenium proud to display .

Get a free professional coin valuation

If you own or have inherited a mint collection and you ’ d like a professional valuation, please call 01926 499031 or get in touch to make an appointment. We ’ ll happily provide this overhaul for complimentary with no obligation to sell .
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Category : Coin collecting

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