Gold Coin Collecting: Determining What Kind Of Coins To Collect

Are you one of those people who are just getting into the gold coin collecting hobby

? If are new gold coin collecting, the first thing that you need to do is to learn how to choose the kind of gold coin to collect. No, you cannot just go out there and pick up any coins that caught your fancy. You need to have a system if you want to come up with an impressive gold coin collection. To help you get starting in gold coin collecting, here are some tips for you.

Getting Started

Before you start collecting old coins, you need to know a good deal about history. Why? Coins are part of history and the more you know about history, the more you will be able to choose the right kind of coins to collect. Read a few good history books and take note of the coins that are minted and circulated on certain period of time. Aside from reading books, you may want to join seminars on gold coin collecting and learn a few things about how to collect historical coins. Attending gold coin collecting seminars can also provide you with a venue to meet other coin collectors and learn something from them.

Working on Your Collection

Although there are no hard and fast rules when it comes to old coin collecting, it is always better to work systematically when collecting gold coins. First, you need to start collecting gold coins based on their country of origin. For instance, if you want to come up with an impressive gold coin collection, you can collect gold coins coming from England at a certain period of time. Second, you can collect gold coins by types or series.

For instance, you can collect U.S. gold eagle coins. Third, you need to coins by time and period. You must understand that coin collecting is just like collecting bits and pieces of history so if you want to come up with a good collection of coins, you need to start by collecting coins from different times and periods.

Yes, collecting historical coins can be a lot of work and it could be quite expensive too but the good news is that if you are able to complete a set of coins minted on a certain period of time, that collection can fetch a handsome price in the market if you choose to sell it. Many coin collectors have made quite a fortune out of their collection after a few years of working on it.

by: Hugh J. Lara

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