Don't spend money collect them


What Coins Should I Collect?

What  Coins  Should  I  Collect?First  Rule  of  Serious  Coin  Collecting.
By  Robert  L  Taylor,  JDObviously, one will be very limited in the
years, mints, and varieties available from
You should collect what you like and enjoy.pocket change and bank rolls - both being
This is Your Dream. Design it any way youlocal in nature. Even if starting with
want.these means of collecting, always keep an
open mind about other resources. So, a
Never-the-less, . . . decide on Foreign coinslittle future insight helps to decide that
or US Coins; and Proof or Mint State. Ifbetter resources will yield better coin
US, then decide upon a Denomination: penny,collections. Most collections will span a
nickel, dime, quarter, half dollar, dollar orgreater range of years, than either pocket
other.change or bank rolls can possibly produce.
It is therefore imperative to investigate
Or, decide upon a particular Period inother  resources.
History, e.g.: Morgan Dollars (Lady Liberty,
Following Civil War), Peace DollarsYour Budget will usually determine the Grade
(Following WWI), War Time Cents (Steel andof coin that you can afford to collect.
Shell Casing - WWII), War Time NickelsMS63-MS65 is an Ideal range for collecting,
(Silver - WWII), Silver quarters and dimesnot only because of the excellent condition
pre 1965; Statehood Quarters; 20th Century;and detail of the coins, greater
19th  Century.availability, lower costs, and because coins
in this range tend to Appreciate faster than
Or decide upon an Historical Figure; Kennedyother Grades. There item is very simple,
Half Dollars (Following his death), Lincolnand it has to do with the quality of the coin
Cents; Washington Quarters; Franklin Halfor how much you want to Spend per Coin - for
Dollars; Eisenhower Dollars, Susan B Anthonyan average coin, for an exceptional coin, or
Dollars, Roosevelt Dimes; Sacagawea Dollars.a perfect coin. Your budget will usually
You can also choose Type Sets, Year Sets,determine this factor, or, how much per month
Mint  Sets,  Proof  Sets  and  Decades.you can spend (per month?) for your new
Investment. Never doubt that Coin
The Next Step is to decide upon the QualityCollecting is an Investment. Although it is
of coin you want to collect. Your choiceseasy to overlook the amount of time spent on
are: a) pocket change; b) bank rolls; c)this Endeavor because two of the main
US mint and proof rolls and sets (new andingredients are Pleasure and Enjoyment.
used); d) Buy from Coin Shows and Clubs;Confucius  Say:
e) Buy on the Internet; f) Buy from coin
dealer; g) Buy from coin magazine or ad."If you enjoy what you are doing, you will
Each has their benefits and advantages.never  work  another  day  in  your  life."
Pocket Change and Bank Rolls provide
Circulated coins. The US Mint providesThink of it as a Fund. You are trading Money
Uncirculated  "Mint State" and "Proof" coins.for . . . Money that Grows and Gives
Pleasure! Properly attended, this Fund can
The Internet provides the Greatest Selectionquite  possibly  put someone through college.
from private Web Sites, e.g.: to the big
Auctions like eBay, Yahoo, Heritage andLastly, decide whether to collect all of the
TeleTrade. And With the advent of (free) itcoins in your Group including varieties and
becomes very quick and easy to pay forerrors or just the Regular Issue Coins.
purchases  over  the  Internet  and by Phone.Errors and Varieties can become extremely
expensive and difficult to find. Most people
The one thing that is important in all of thewill  avoid  them.
above choices is the Grade of the Coin, which
is closely related to Value (a topic forThis Concept of "Trading Money for Money" is
another article). But which leads to thecritically important because most people shy
next choice: Buy Slabbed or Raw? Raw coinsaway from spending a little more, just to get
are what you find in pocket change. Slabbedthe best. And I am talking about the best
coins are those that are Professionallyin quality of coin, no matter what the Grade
Certified and Graded by an Independent Thirdor Price. In other words, get a Coin with
Party. The coin is then placed in a "slab",the Grade it is Supposed to Have. This is
made of plastic, identified, labeled andthe Only way to be sure of the Value of the
sealed. It actually takes 3 Professionals toCoin. Spend your Money Wisely. Get what
decide upon the Grade of a Coin. If Buyingyou pay for. Until you become a Professional
Raw Coins, You need to Know How to Grade aat Grading, rely on the Professional Graders.
Coin. Even then, there will be DisputesWhether you choose to collect Kennedy Proof
about the Grade. When Buying a Slabbed coin,Half Dollars, or Jefferson Nickels from
You Know the Grade. The Grade Becomespocket change, thanks to the Internet, you
Virtually Undisputable! All references towill find a huge selection available, on many
Price in any resource are Based on Grading,different web sites, to give your Coin
which follows the Guidelines set by the ANACollecting efforts a boost. Internet Web
American Numismatic Association. Currently,Sites will Forever Change Coin Collecting!
there are only Four Companies that areWhy? Because Top Quality Coins can be easily
Recognized for Strictly following theseBought and Sold by any body - since they are
Guidelines: PCGS, NGC, ICG and ANACS. It isSlabbed!
from these Professionals that one should buy
slabbed coins. Buying Slabbed Coins is theAlways Know Your Grade!



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