The Beginners Guide to Coin Collecting | The Royal Mint (2024)

What do Hollywood star Jack Black, Louis XIV of France, and the Roman Emperor Augustus have in common? The answer is a passion for coin collecting – and they have plenty of company too.

People of all ages and from all walks of life are drawn to this age-old pastime. Coin collecting dates back to ancient Greece when it was customary to present people with coins as gifts on special occasions. It is a popular hobby and people enjoy tracking down rare old coins or commemorative special editions to add to their collections.

Today, millions of people across the globe collect coins for fun. If you’re thinking about joining their ranks, read on to see if coin collecting is the hobby for you.

Coin Collecting is Educational

If you’ve got a thirst for knowledge, you’ve come to the right place. Collecting isn’t just about finding coins and popping them in a folder or box. Coins contain a wealth of information about the period in which they were minted and the notable figures of the time. If you find a particularly interesting coin, The Royal Mint website is a great source of information if you want to find out more about it.

Coin Collecting is Exciting

For most people, collecting is all about the thrill of the chase and the satisfaction when you finally complete a set after months of hunting for that last elusive coin. To get the most out of your hobby, set yourself specific targets for coins you’d like to get your hands on and start searching.

Collecting from your change is a great way to get started, but you can expand your collection with commemorative coins, which are available to purchase on our website.

Coin Collecting is Affordable

Many hobbies can require expensive pieces of kit before you can get started – but not this one. Coin collecting is easily accessible. Yes, you can spend hundreds if you are chasing after a particularly rare coin, but for the most part, there are interesting and unusual coins available at affordable prices. Even Roman coins, which are thousands of years old, can be acquired for modest sums.

You can choose a particular theme or denomination, for example, the rarest 50p pieces. There are lots of interesting designs already in circulation, plus others you can buy.

How to Start Your Coin Collection

Chances are that you already have the makings of a coin collection in your pocket right now, or lying around the house. Perhaps there’s a commemorative coin you’ve been given as a gift or some foreign currency you’ve held onto after your holidays.

If you want to build up a collection, all you need to do is decide what it is about coins that interest you and start from there. Perhaps you are interested in a certain period of history and would like to find coins minted during that time. Other people simply like to build up collections of special edition coins, which are released to commemorate landmark events and anniversaries.

Whatever type of coins you want to start collecting, it’s a good idea to buy a few coin folders to store your collection to keep them looking their best. You can either buy blank folders or ones that are organised by date or type of coin. The Royal Mint’s range of collector albums will help you to group your coins by year or theme, which is a great starting point for new collectors.

Once you have your albums, you’re ready to start hunting for coins. If you aren’t sure where to begin, why not join our coin swap community on Facebook where you can chat with other collectors to learn more about the hobby? Don’t be afraid to ask questions – fellow members are bound to know the best places for picking up unusual finds.

And remember, be vigilant. A sought-after design could drop right into your lap. There are plenty of coin designs with limited mintage in circulation at the moment, so be careful to check your change for anything unusual before you spend it.

Happy collecting!

The Beginners Guide to Coin Collecting | The Royal Mint (2024)

FAQs

What are the best coins to collect for a beginner? ›

Buffalo nickels and pre-1965 Roosevelt silver dimes are also popular first coin collections. Jefferson nickels have the added bonus of collecting the 1942-1945 silver "war nickels."

How to start a coin collection for beginners? ›

You can begin with coins that you already have.
  1. Look around your house, check your pockets and your piggy bank, peek under the couch cushions and in the car.
  2. Gather the coins you find somewhere safe.
  3. Make a list of your coins. ...
  4. Add to your collection when you find new coins or travel to other countries.

Which is the rarest coin of all Royal Mint? ›

The shape of the 50 pence made it the ideal canvas for special commemorative designs, and over 70 events, anniversaries and individuals have been celebrated on circulating 50 pence pieces. The famous 2009 Kew Gardens 50p remains the most coveted coin in circulation, with a mintage of just 210,000.

How to start coin collecting as a hobby? ›

If you want to build up a collection, all you need to do is decide what it is about coins that interest you and start from there. Perhaps you are interested in a certain period of history and would like to find coins minted during that time.

What is the easiest profitable coin to mine? ›

Best Cryptocurrencies to Mine
  1. Bitcoin (BTC) Mining Rewards Per Block: 3.125 BTC. ...
  2. Monero (XMR) Mining Rewards Per Block: 0.6 XMR. ...
  3. Zcash (ZEC) Mining Rewards Per Block: 2.5 ZEC. ...
  4. Ravencoin (RVN) Mining Rewards Per Block: 2,500 RVN. ...
  5. Vertcoin (VTC) ...
  6. Dash (DASH) ...
  7. Ethereum Classic (ETC) ...
  8. Dogecoin (DOGE)

What coins are in high demand with collectors? ›

8 Rare Coins Worth Millions That Are Highly Coveted by Coin...
  • 1794 Flowing Hair Silver Dollar. ...
  • 1933 Saint-Gaudens Double Eagle. ...
  • 1913 5C Liberty Head Nickel. ...
  • 1804 Silver Dollar Original — Class I. ...
  • 1787 $15 Brasher, Breast Punch. ...
  • 723 Umayyad Gold Dinar. ...
  • 1894-S Barber Dime. ...
  • 1849 $20 Liberty Gold Coin.
Sep 2, 2024

What to look for when coin collecting? ›

When you spot a coin in which you are interested, examine it under good lighting. Look at the luster, or shininess of the coin, to determine whether the coin has been harshly dipped, cleaned, whizzed, or otherwise damaged. Check for hairlines, or tiny scratches parallel to one another, which are indicative of cleaning.

How do I start looking for rare coins? ›

If you are unable to find what you're looking for in our catalog or Coin Seller Database, you may also find coins through:
  1. Banks. Search through coin rolls from a bank.
  2. Collectors. Trade or buy coins privately or through coin clubs.
  3. Coin Dealers. ...
  4. Coin Shows. ...
  5. Auctions. ...
  6. Flea Markets and Antique Shows.
Jun 21, 2023

What is the most trusted coin website? ›

PCGS CoinFacts is considered one of the most authoritative and comprehensive online coin price guides. Its prices are based on actual coin grading and real market values. PCGS has an extensive database with over 25,000 US and world coins.

What is the hobby of collecting coins called? ›

Numismatics (“noo-miz-ma-ticks”) is the study and collecting of things that are used as money, including coins, tokens, and paper bills.

How to get uncirculated coins from a bank? ›

The only way to get an uncirculated coin is to purchase it directly from your bank. Uncirculated coins are hand-loaded into the press and have a brilliant luster that circulated coins lack. They also have a higher coin value than the circulated coins.

How to sell coins for beginners? ›

Local coin dealing shops are great places to visit as a beginner—you'll mostly sell coins of low and medium value here. When you go to a dealer, look at their stock. If they have a lot of coins made of the same metal and of similar quality to the ones you're selling, chances are they'll give you a fairer price.

Which coin should a beginner buy? ›

Summary
Name (Symbol)Market CapStaking
Cardano (ADA)$15.8 billionYes
BNB Coin (BNB)$95.6 billionYes
Polygon (MATIC)$6.5 billionYes
Avalanche (AVAX)$12.9 billionYes
7 more rows

What coins should I add to my collection? ›

Pennies Worth Money:
  • 1856 Flying Eagle Penny.
  • 1944 Steel Wheat Penny.
  • 1943 Copper Wheat Penny.
  • 1873 Indian Head Penny.
  • 1983 "Doubling Error" Penny.
Jul 8, 2024

How do I know what coins to collect? ›

One quick way to determine if a coin is rare or valuable is to look at the mintage. That's the number of copies of the coin that the US mint produced (aka issued). The lower the original number of copies printed, the more valuable a coin will likely become.

What is the best coin to start investing in? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Bitcoin (BTC)$1.11 trillion$56,621
Ethereum (ETH)$287.89 billion$2,393
Binance Coin (BNB)$73.99 billion$507.14
Solana (SOL)$62.45 million$133.76
6 more rows
Sep 6, 2024

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