A Beginner’s Guide

Why Start Collecting Coins?

Coin collecting is a timeless hobby that brings together history, art, and tangible value. Whether you’re drawn to the stories behind coins or intrigued by their intricate designs, collecting coins offers a unique way to connect with the past. Best of all, it’s a hobby that’s accessible to everyone, regardless of budget. You can even begin your collection with the coins in your pocket!

With around 29 billion coins in circulation in the UK alone, there’s no shortage of opportunities to get started. From commemorative designs to rare finds, every coin has a story waiting to be discovered.

Step 1: Start Small and Simple

One of the best ways to begin is to explore the coins you already have. Check your pocket change or inherited collections for interesting designs or rare mintages. For example, there are over 30 different £2 coin designs in circulation, and some have mintages as low as 500,000.

You don’t need to spend a fortune to start collecting. Affordable options like Brilliant Uncirculated coins or themed sets allow you to experience the hobby without breaking the bank. Focus on building knowledge and confidence before making larger investments.

Step 2: Follow Your Passion

The possibilities in coin collecting are endless, so let your interests guide you. Do you enjoy history? Look for coins from significant eras, like Victorian pennies or coins minted during the Second World War. Are you fascinated by nature? Explore coins featuring animals, plants, or environmental themes.

Following your passion ensures your collection is meaningful to you, and it’s a great way to stay motivated and engaged with the hobby.

Step 3: Learn and Research

Knowledge is the key to successful coin collecting. Take the time to learn about coin grading, history, and pricing. Start with reputable resources like:

• Books: A Guide Book of United States Coins (also known as The Red Book) is a valuable resource for beginners and experienced collectors of US coinage. The bible for British Coins is Coins of England & the United Kingdom by Spink and Google has many of these publications listed.
• Websites: Platforms like CoinArchives, Coin World, and Numista provide insights into coins from around the globe.
• Magazines: Publications such as Coin News (UK) or Numismatic News (USA) offer expert advice and updates on market trends as well as contact details for dealers and trade shows.

The more you know, the better equipped you’ll be to make informed decisions about your collection.

Step 4: Handle and Store Coins Properly

Coins may be made of metal, but their surfaces are surprisingly delicate. Proper handling and storage are essential to maintaining their value and appearance:

• Handling: Always wear cotton or latex gloves when handling your coins, or hold them by their edges to avoid fingerprints and scratches.
• Storage: Use archival-quality materials like coin albums, holders, or cases to protect your collection from environmental and handling damage.
• Cleaning: Never clean your coins! Cleaning can damage the surface and significantly reduce its value.

Step 5: Buy from Trusted Dealers

When purchasing coins, it’s crucial to ensure authenticity and quality. Always buy from trusted dealers certified by organisations like the British Numismatic Trade Association (BNTA) and the American Numismatic Association (ANA). Check online reviews and do your research to avoid scams and overpriced items. 

Many companies make offers via email and tv advertisement campaigns, however, the overheads for these campaigns are often huge and must be covered, so take a minute to think before giving away your valuables cheaply.

At Rumnicoin, we’re proud to provide a secure platform for buying, selling, and auctioning coins, backed by decades of numismatic expertise.

Step 6: Expand Your Horizons

As your interest in coin collecting grows, consider exploring beyond your initial focus:

• Visit Coin Shows & Shops: These events let you examine coins firsthand and connect with other enthusiasts. Many shows also offer mini-seminars for beginners.
• Join a Coin Club: Local or online coin clubs are excellent hubs for networking and learning from experienced collectors.
• Participate in Auctions: Live auctions provide opportunities to acquire rare coins and gain insights into market trends and movements.

Step 7: Plan and Budget

Having a clear plan can help you build a focused and valuable collection. Start by setting a budget and researching the coins you’re interested in. Create a checklist to track your progress and avoid purchasing duplicates.

Remember, patience is key. Building a collection is a journey, not a race, so take your time and enjoy the process.

Why Choose Rumnicoin?

At Rumnicoin, we’re passionate about helping collectors of all levels explore the fascinating world of coins. Here’s what sets us apart:

• Expertise: With over 100 years of combined experience in numismatics, our team bring unparalleled knowledge and insight to every transaction.
• Trust & Security: Our platform ensures a safe and reliable environment for buying, selling, and auctioning coins.
• Community Focused: We’re here to support your journey, whether you’re just starting out or looking for your next rare find.

Ready to begin your coin collecting adventure? Explore our collections or join an upcoming auction to discover the joy of numismatics!