Collecting coins is an enjoyable hobby. There are many reasons you might want a collection. If speculating on price rises is your motivation then you need to know your stuff. I'm not talking about bullion or investments here. I love coins, so my motivation is simply to gather the ones I want to own. By having a clear collecting strategy the potential financial gains should also arise as a consequence.
Document your coins
I discussed the benefit of documenting your coins in an earlier post,
http://coinwonder.churchrose.com/2019/11/a-random-coin-collection.html
A neat and catalogued collection will help you to identify gaps and to refer to your collection when you need to.
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| Recording types and dates is key to managing your collection |
Be careful buying your coins
If you plan to purchase your coin collection, there are lots of over priced items available so be careful. Use a trustworthy price guide and make a considered estimate of the value yourself. Ebay is a great place to find all types of coins. There are many high value items, but you need to watch out for opportunistic attempts to sell common coins. They are often described as rare but aren't at all.
With a strategy planned and by carrying out the right research, shopping for coins is a good way to start or add to a collection.
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Subscribe to coinwonder.churchrose.com for more coin collecting content.
