The earliest recorded coin collection belonged to the first emperor of Rome, Augustus Caesar. He lived from 63 B.C. to A.D. 14, over 2,000 years ago! Coins have been sought after for many reasons; their historic or artistic value, for investment, and potential long-term profit, and to create a “foundation” between a grandson and his aging grandfather.
How to start collecting – Keep it Simple-
Often people wonder where to start. Begin with collecting coins that bring you interest.
Coin collecting can be started by assembling a set of Lincoln or Indian Head pennies. Have a couple hundred to spend? Start with silver coins then and ask us why. When starting out, remember to start small and keep things simple as the history of the coins are learned and understood. Learn to identify the coins and the various characteristics that increase their worth. Don’t get in the habit of trying to make a quick buck or be too hurried in your purchase. The saying “haste makes waste” may come true.
Assembling a solid collection takes time. Do your research. Come into R & J and we will show you what we have and answer your questions.
When done correctly, coin collecting is a hobby that can last a lifetime and builds a foundation for the next generation to continue.
Start with a Theme –
Collect coins with the same theme, same design, same date.
Don’t be in a hurry, enjoy the process. Parents and grandparents can help little ones start collecting coins by giving “Birth Year” coins. Did you know that each year coins are minted (the term used when new coins are made) all over the world? By the time the little one turns 18 years old and is graduating high school, they would have quite the collection of coins, not to mention an interest and hobby to build on during their adult years. A collection to store in an old cigar box, to pluck out one at a time, and to tell stories of yesteryears.
Buy, Sell, Trade, Pawn –
Local Pawn Shops, like R & J Jewelry and Loan, are able to value your coins and if in doubt have them assessed by experts in the field. You can be placed on a text message list that notifies you when coins become available so you have first-hand knowledge of new inventory.
We also buy coins based on their value and the current market. Bring in that collection you are wanting to disperse and we will give you a fair offer. Common coins are Morgan Dollars, Peace Dollar, Silver Dimes, Mercury Dimes, American Eagles, Gold Krugerrands, Gold American Eagles, and much much more!
The Smithsonian Institution’s Museum of American History, the National Numismatic Collection (NNC) offers nearly 1.6 million monetary items to admire. The museum has rarities like the 1840 $20 Gold Double Eagle and the 1913 Liberty Head Nickel. There are other historical items like paper money, ancient coins, and printing plates.
Although R & J does not have such exquisite beauties all the time, we may have just what you’re missing in your collection to build upon your “foundation.”