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The following article was published in our article directory on September 28, 2010.
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Coin Collecting Tips and Advice for Beginners

Article Category: Recreation

Author Name: Kellie

Before you embark on a coin collecting journey, here are some coin collecting tips you must remember to help you start out as well as guide you along the way.

1.) Join a coin-collecting organization or club. In fact this should be the very first thing you need to do before you begin collecting coins. Why? Because it will teach you the most important things you need to know about how the hobby works. It will introduce you to the rules if there are any. This will save you from committing mistakes or even worse being scammed because you have no idea on how to verify if a coin is genuine or not. So once you are a member of a coin-collecting club, feel free to ask as many questions as possible. Inform your fellow members that you are a novice in the business and that you need coin collecting tips and advice from them. Query them about the dos and don'ts of the hobby. Make sure though that a club is accepting inexperienced members or newbies before you apply because a lot of clubs only welcomes those who have been collecting for some time and who already own coin collections.

2.) Do a lot of researching before you even think of buying or selling a coin. You don't want to be paying more than what the coin is really worth. Or receiving less than than what the coin is worth. So do your assignment and determine the value of a coin as accurately as possible before you start negotiating. Don't let the other party think that you are an inexperienced collector because if you allow them to, they'll use it against you and you will likely end up on the losing end of the bargain. It's a fact that one of the hardest part of coin collecting lies in determining the value of a coin. There is no definite measuring stick that you can use. A coin's value depends on a lot of factors. So it is your responsibility as a collector to teach yourself what these factors are. There are a lot of resources you can use to help you out in determining a coin's value. You can subscribe to coin-collecting magazines and newsletters, browse over current catalogs, observe auctions, talk to dealers or join a coin-collecting club.

3.) Learn how to organize your coin collections. The importance of this tip increases directly with the growth of your collections. You can't just dump all your coins in a money bag and leave them there because you'll be facing unnecessary problems in the future if you do. As coins are being added to your inventory, it can get very confusing in determining which coin is which. Therefore, you must have an organizing system laid out. All the details pertaining to a coin must be attached or placed near that coin. Details like the name of the coin, date it was minted, date you purchased it, the amount of money you paid for it or even the name of the dealer you bought it from. All these information will come in handy when you need them. One of the most common ways of organizing coins is by putting them in small plastic sheets about the size of the coins themselves then securely placing them on hard-bound notebooks or binders.

4.) Enjoy and have fun. This is why you are doing this coin collecting hobby in the first place. Maximize your fun of hunting for that rare coin and enjoy the rush of excitement when you find it.

If you'll apply all these coin collecting tips, then you are on your way to getting the most out of your coin collecting hobby.

Keywords: rare coins, coin collecting tips, coin collecting, coin collecting hobby

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