How to Collect Coins
December is the month whereby I take an inventory of accomplishments, activities, relationships, health, finances, and whatever else needs to be inventoried in order to set my plans and goals for next year and a five-year future. It is a good month to review, reevaluate, and analyze in readiness to start refreshed and full of energy to execute new plans starting in January.
One hobby which may be of interest to many of you is coin collecting or numismatics. Anyone can start as this hobby is as simple as being mindful of your pocket change. One necessary investment will be books which help you to identify collectible coins and their value.
This hobby can start for as little as a penny or you may choose to purchase a collectible coin which is affordable for your budget.
Research Before Collecting Coins
Before you spend any amount of monies on this hobby, read any available free materials that you can muster from the Internet and your local library. Another good source of information would be to join a local coin collecting club. Its members are very helpful.
Beginners need to learn how to store and clean their coins as well as learning about certification and grading of coins. Much of this can be confusing in the beginning and numismatic members can be helpful sorting out details.
Do not spend any monies on any coin until you acquire knowledge or beneficial purposes for buying it. After you purchase that coin; do not spend it. It is to be kept as a collectible. As the years pass that coin may be worth ten or a hundred times more than its face value. At its worse a coin is always its face value.
Knowledge is Key
Knowledge is the key to your collection decisions. Coin collecting requires constant learning. The downfall with this hobby is that it can become addictive. Decide on a budget and do not let it consume the majority of your time.
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