Coin-Collecting

Copy of Coin Collecting: A Beginner’s Resource Guide

Matthew Gillman | June 24, 2022

Contents

    Coin collecting is a hobby that you can start at any age and can last for years to come. It’s an easy enough hobby to get started on because you can take a look at the coins you already have access to and see how they fit into your collection. This hobby is also a great way to jump-start interests in topics like math, geography, and history!

    History

    The first recorded instance of people using coins is around 650 B.C.E. and it wasn’t long after coins began circulating that people began to collect them. At first, it was used as a sign of wealth because it meant that a person could have extra coins that they didn’t expect to spend, but it turned into a full-fledged hobby during the 16th or 17th centuries. When it became a more popular hobby, it began to be known as numismatics, the study of coins. In the United States, the Mint was established in 1792 and since then production has evolved to give people many different kinds of coins for their collection. Today, it’s become such a big collection that people can make new friends without leaving the comfort of their home.

    • A Short History of Coin Collecting: Coin collecting has been around for as long as coins have been around, it’s a hobby that’s been mentioned in art and literature for centuries.
    • The History of Coin Collecting: Coin collecting has been a recorded hobby since 650 BC, but the hobby has evolved over the years.
    • National Numismatic Collection: The Smithsonian National Numismatic Collection is the largest collection of money currently being shown in the world.
    • History of the American Numismatic Society: The American Numismatic Society (ANS) was a group of collectors in New York City that came together in 1858 to collect and study coins together.
    • The History of Coins: Coins and the history of coins can tell a person a lot about the culture of a place.
    • Coin Collecting: This encyclopedia page from Britannica covers what coin collecting is and the history of the hobby.
    • The History of Coin Collecting: Change Checker has put together an infographic to create a visual for people interested in researching the hobby.
    • Numismatics: Numismatics is the study and collection of coins, tokens, and similar objects used as currency.

    Getting Started

    It may seem like it’s difficult to get started on coin collecting because there is so much insider jargon, but it’s a relatively simple hobby to understand. Beginners can get started by reading about different coins and looking at pictures to decide what coins they are most interested in collecting. Some people are more comfortable looking for coins from different parts of the world while others are more interested in finding rare coins. Some collectors choose to look for a theme such as a certain type of coin while others may look to collect for a certain year. A coin collection can be as unique as you are!

    Storage and Organization

    Storage and organization are some of the most important parts of coin collecting because you want to find the perfect way to keep your coins safe while also showing them off. Some collectors choose to keep them in a special binder in individual envelopes, while others prefer to keep them in boxes. Whichever method you choose, it could be beneficial to buy a pair of cotton gloves and a magnifying glass in order to better handle older coins and examine their details.

    Coin Collecting for Kids

    Kids are easily able to get into the fun of coin collecting! They may not have the means to go out and get expensive coins, but there are plenty of activities and resources available for getting kids interested. When kids are planning to start coin collecting, it’s best to go for coins that are already in circulation like a collection of 50 state quarters. You can simply purchase a coin folder for quarters with relative ease to keep things organized. Coins are great for teaching kids about history, culture, math, and geography. This makes it a fun hobby, while also being a great teaching method.

    • Coin Collecting for Kids (PDF): This document is filled with activities and information dedicated to helping kids get interested in coin collecting.
    • Busy Bee Coin Collecting for Kids: There are plenty of activities and games to get kids invested in coin collecting.
    • Introducing Your Child to Coin Collecting: This guide has information that’s helpful for getting kids started in the hobby!
    • Collecting a World of Coins: For kids starting a hobby, it can help to have a starting point. A world of coins binder is a great way to help kids find coins from all around the world.
    • Mint Your Own Coin: This activity is great for teaching kids about the different parts of a coin while giving them a chance to make their own coins.
    • Coin Collecting for Kids: The state quarters map is one of the easiest ways for kids to get started coin collecting. This page also includes helpful tips for getting kids invested in the hobby.
    • Kids and Coin Collecting: There are plenty of reasons why it can be beneficial for getting kids invested in a hobby, it comes with educational opportunities and advantages.
    • Getting Your Kids Involved in Coin Collecting: Coin collecting is a hobby that can last a lifetime; it doesn’t have an expiration date and gets better over time.

    Organizations

    If you’re interested in coin collecting and getting started in this hobby, then maybe it could be beneficial to join an organization with like-minded individuals. Some clubs and organizations have meetups in person, but you could also choose to just talk to people over the Internet. Meeting people with the same hobby can help you learn more about how other people are managing their hobby, swap tips, and find new coins you’re interested in adding to your collection.

    About the Author

    Matthew Gillman is the founder and CEO of SMB Compass, a bespoke business financing company focused on providing financing and education to small businesses across the U.S. The company has provided over $250 million to more than 1,250 businesses. Coming from a family of small business owners sparked Matthew’s passion to not only become an entrepreneur, but also to work with his fellow entrepreneurs to build long-lasting relationships.