Ever since I was young I collected coins and such. However I would like to turn this into a hobby any ideas on how to get started? Also I have a Buffalo nickel with no date is this of any value?
2006-12-16 08:36:51 · 4 answers · asked by isladelmar7 2 in Games & Recreation ➔ Hobbies & Crafts
Besides beginning this hobby and besides regular circulation what is another way to come across valuable coins?
2006-12-16 08:44:23 · update #1
First of all the nickel is not worth a premium, due to not having a date. As one person here put it, you need a few books. One is a Red Book, a guide to U.S. coins. It is a wealth of information on mintage's, where the mint marks are and a beginners grading guide for each series. Forget the prices, all they are good for is a guide to value. If it says a coin is worth 15 cents you know it is not worth much, if it says $500 then you know your coin is valuable. The book comes out once a year and the prices are retail. It cost about $14.95 in wire bound. Most series of coins these days have one or more key coins that make it impossible to complete the set, unless you have or can save up a few hundred dollars. The Lincoln cents from 1959 and up, is not to bad to try. It is called the Lincoln memorial set. You can find most in circulation. Also the Jefferson nickel set from 1938-2006 can also be put together almost from change. There are all kinds of ways to collect. Check around with the dealers in your area and see which one you get along with and is the most helpful. I would keep away from auctions, until you know more about coins. Getting them from change costs you no extra.
2006-12-16 11:34:10 · answer #1 · answered by Taiping 7 · 1⤊ 0⤋
Been collecting coins for 40 years.Go to a coin shop and buy some books to keep your coins in. The nickel is worth about a nickel.
2006-12-16 08:40:35 · answer #2 · answered by danp 3 · 0⤊ 0⤋
Firstly, please do not clean any coin unless you know what you are doing. By cleaning a coin you can reduce the value of a coin from $10,000 to nothing. Anyone that suggests that you clean a coin by any method isn't a real collector. Please go to a coin shop and see all of the different types of storage units that they have - personally, I use flips stored in a three ring page holder. My "coolest coin" is a 1793 1/2 copper cent of which there were just over 35,000 minted.
2016-05-22 23:50:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋
My father-in-law collects coins. I asked him about it. He said to have fun. If you are in it for the money, you are wrong. If you have fun and enjoy it, then don't worry too much about the value. Be aware of the value, but don't worry about it.
You can learn more and acquire coins at shops, hobby stores, and coin collectors conventions and other gatherings. Try to find other coin collectors. They will talk with you and enjoy sharing the experience with you. They would also love to learn from you as well as teaching you.
2006-12-16 08:51:14 · answer #4 · answered by Jack 7 · 0⤊ 0⤋