Monday, June 14, 2010

The Best Ways To Start Coin Collecting

By Lexa Allendrisa

Today, you can find thousands and thousands of people who are taking pleasure in coin collecting and these numbers are continually growing, which is a welcome change from the condition which existed before the year 1999. Actually ever since the mid sixties, coin collecting as an activity and hobby had been showing signs of decline because of the change in material that US coins were being made.

Base Metals Replace Silver

If silver was replaced with base metals, it became much more difficult to find right old coins and thus the interest in coin collecting is declined. However, the year 1999 saw the advent of the 50 State Quarters Program when the first State Quarters were issued which honored the US state of Delaware.

This 50 State Quarters Program reignited interest in coin collecting and it led more people to take up coin collections as a serious interest. Individuals may want to collect coins on account of the fact that those coins were minted in the year that their kids were born or they might begin collecting coins with a view to sell them off later when their value appreciates.

The best example of how coin collecting can prove to be a profitable activity is exemplified in the matter of one Louis E. Eliasberg Sr. whose collection of coins, after his death, fetched his heirs a huge forty-four million dollars.

The best way to begin the coin collecting activity is by making a beginning with date-and-mint coin collections. The Lincoln cent which is issued each year is a good example of tips on how to go about adding coins to the collection. Or you should collect coins according to specific coin types and rather than collecting coins from each year and according to mink-marks it may be a better idea to collect coins from a particular series as well as from a special mint.

Mint error coins too make ideal coins that every one which is interested in coin collecting has to consider including in their coin collections. To make coin collecting less difficult why not also make use of coin collecting software of which you will come across different types though each will help you with various aspects of coin collecting.

With a little bit of luck, you might even succeed in adding some very important and perhaps even rare coins to your collection and then you can reap a tidy profit by selling them off later when they are much in demand and when their value appreciates adequately to warrant selling them off.

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