Collecting custom coins is a popular hobby among the young and old. Not least because of the potential thrill of happening upon rare collector items, like the 1933 Double Eagle that sold for a whopping $18.9 million in 2021!
For those of you thinking of starting your own coin collection, patience and knowledge are both necessary for your collection to thrive. But often, there are other more important things to keep in mind when growing your collection.
Let’s take a look at some top coin collector tips to help you get started!
1. Remember Your Motivation
You’ve chosen to collect coins for a reason. It might be because you like the designs of Metal Promo challenge coins. Or maybe you want to continue your late grandad’s collection of foreign coins. Whatever has inspired you, keeping it in mind will ensure that your collection remains a true reflection of your original motivation.
2. Avoid Overspending
Staying true to your original motivation also means collecting coins you like rather than for their potential monetary value. Often, beginners can make the mistake of laying down a bundle of cash for a coin that’s not worth as much as they’d hoped.
Instead, take your time, keep to a budget, and research as much as you can. This way, you’ll be more likely to make informed decisions when you do buy a new coin.
3. Take Care of Your Coins
Metal coins are a lot more low-maintenance than many other collectibles. That said, you’ll still need to take care of your coins to avoid them getting tarnished. This means regular cleaning with specific coin-cleaning products, storing them in a cool, dry environment, and only ever handling them on the edges.
4. Talk to Other Coin Collectors
Collecting coins is a passion that many people share, making this hobby great for connecting to others. These coin collecting networks are often happy to share tips and leads, making it easier to expand your collection as well as learn more about the coins you have. Plus, these fellow collectors will be an invaluable resource for contacts and buyers if you ever want to sell any coins.
5. Prepare to Sell Eventually
It might seem strange to think of selling any coins in your collection when you’re just starting out. But as your collection becomes bigger, you’ll start to refine your tastes and develop a more discerning eye. You may even end up with duplicate coins. And of course, selling coins means that you’ll be able to invest this money in coins that hold more interest for you.
Your Quick Guide to Collecting Custom Coins
Collecting custom coins is an accessible hobby to get into. Plus, the rewards can be huge if you know what you’re looking for!
And now, with these tips to guide you, it’ll be a lot easier for you to build a collection you can be proud of!
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