Collecting American Coins Is Fascinating

Coin collecting is fascinating, and collecting American coins is an easy and entertaining hobby if you live in the United States. In most denominations there are some really interesting coins.

Pennies

Probably the most collected American coin is the Lincoln head penny. They have been minted since 1909. Some Lincoln head pennies were made out of zinc instead of copper during WWII. A very few were made of copper in 1943, and these are rare and valuable American coins.

Pennies had an Indian head on them before the Lincoln penny was minted. Another rare American coin are the Indian head pennies.

Nickels

Nickels had a picture of the goddess Liberty on them, from 1883 to 1913. An extremely rare American coin, interestingly, is the 1913 liberty nickel. A mint employee made them illegally after hours and only five copies were made.

The buffalo nickel is the most classic American coin. It has a buffalo on one side and an Indian head on the other.

The nickel has had President Jefferson’s portrait on it, since 1938. The mint started a “Westward Journey” series of nickels to commemorate Lewis and Clark’s journey in 2004. So the Westward Journey nickels are destined to be collectible coins as they’ve tweaked Jefferson’s portrait and the coins have different historical themes on the reverse side.

Dimes

Dimes are probably the most boring American coin. The design of dimes hasn’t changed since 1945, the year after President Franklin Delano Roosevelt died. He suffered from polio and supported the March of Dimes. The March of Dimes helps people with birth defects now, but in Roosevelt’s time it also helped children who had polio. Franklin’s portrait has remained on our dimes since his death to memorialize his support of the March of Dimes. Dimes are a boring coin, but that is a great American coin story.

Quarters

Our favorite American coin, the quarter, had the Statue of Liberty on it until 1930. She was replaced by George Washington. Since 1999, the mint has been releasing the very collectible US State quarters, an American coin series that will be completed in 2008.

Half Dollars and Dollars

Half dollars used to be common, and until 1964 they had Ben Franklin on one side and the Liberty Bell on the other. President Kennedy’s portrait went on the half dollar in 1964. Because Kennedy was beloved, and because the 1964 silver dollar was to be the last “real” silver dollar, people hoarded them and they became a treasured American coin. The mint released more of them than any other half dollar, because so many people collected the 1964 Kennedy half-dollars. Congress even froze the date, and 1964 half dollars were minted in 1965, too.

The Susan B. Anthony silver dollar is an interesting American coin as silver dollars are rare now. It is the only American coin with a woman’s portrait on it, minted from 1979-1981.

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Collecting Coins Leads To Investing

A coin collection usually starts from modest beginnings. For example, you may have coins in your wallet from a trip to another country or you may come across old coins while rummaging about in an antique shop. You can base your collection on country, year, period, or subject. If you or a friend or family member travels a great deal globally, you would find it easy to collect coins of different countries. You may also choose a particular foreign country that interests you, say France or India, and collect coins of that country. In contrast, collect your nation’s coins if you want to know more about it!

Collecting by year involves collecting a particular coin every year of its manufacture. For example, if a certain coin was produced first in 1900 you collect from that year to the present. If a certain monarch’s reign interests you, collect coins from that period. Alternatively, you could collect ancient or medieval period Roman, Indian, or Greek coins. Subject collection would include coins on a particular subject, for example, maps, flowers, or ships.

Some coin collectors collect by error. They collect faulty coins. These include clipped coins, off center coins, and coins with over dates. These coins are very rare as automation has reduced the possibility of errors. This makes them even more interesting and desirable. You can also collect by material, say gold or silver.

Apart from picking up interesting coins during international travel, you can get them at local antique shops, flea markets, coin shows, and auctions. Some coin collectors say that rummaging through charity boxes kept at local stores also leads to interesting discoveries. But, don’t forget to inform the shop owner before embarking on such activities.

Coin collecting is great, but where are you going to store them?  Many people keep their coin collection in a box, but keeping coins all together can lead to scratches on their surface. It’s also difficult to locate a particular coin when required. To begin with, you can consider storing coins in separate paper envelopes, label the envelopes and, then, keep them inside a box. You can also opt for small plastic bags to store your coin collection. This way, in contrast to paper envelopes, you will be able to see your coins without touching them directly. However, ensure that the plastic bag is not made of PVC, which could harm the coins inside. When you develop a large collection you can choose a cardboard or plastic coin album. All these storage devices can be purchased from hobby shops, coin shops, or online stores.

Before you start buying expensive coins for your collection invest in a price guide, magnifying glass, and desk lamp. You can also join local coin collection clubs and read up books on this hobby.

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