new to coin collecting

Discussion in 'Coin Chat' started by bmoneyamericana, Jun 6, 2010.

  1. bmoneyamericana

    bmoneyamericana New Member

    hi , my name is jeremy and i'm 15 years old and live in los angeles california with my mom. my dad was a ww2 vet and he told me about some cool silver coins back in those times that i should check into.

    i dont have a lot of money and wanted to get started on a silver collection but dont know where or how to start.

    i hope to learn a lot from coin talk and wasz told by a friend that this is the best coin forum to be on. hope i'm in the right place :)
     
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  3. Welcome Jeremy! Get yourself a Red Book, (photo of an older issue) and read it, it's a great start, and then ask any further questions on the board, someone will surely be able to help you!
    [​IMG]
     
  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Hi, Jeremy! Welcome to the neighborhood!

    We won't hold it against you because you live in LA.

    One thing you should know about the Red Book is that you should not use their suggested prices for determining the value of a coin. Other than that, the book is loaded with information to help you, and if you have any questions, don't hesitate to ask. There is no dumb question, and there will almost always be someone here to give you an answer.

    Chris

    Here is a little something in your honor.
     

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  5. aging wonders

    aging wonders Metalhead Since 95'

    Hey welcome to cointalk =) My name is Jeremy too :p i agree with billy a redbook is a good start.
    To start, looking in your pocket change for pre 1964 quarters, dimes, and half dollars,would be a good idea. Also, silver dollars is obviously a good choice to look for too. Also keep in mind that half dollars from 1965-1970 are 40% silver so keep watch out for those. everything else listed is 90% silver. Also jefferson nickels from 1942-1946 are 35% silver.
    Feel free to ask questions here and I wish you luck with collecting silver coins =)
     
  6. bmoneyamericana

    bmoneyamericana New Member

    wow! this is awesome. ive never had this kind of response before since i'm pretty much new to this kinda stuff. i thought i'd get yelled at for sounding dumb or something.

    i'll buy that redbook when i have enuff money to save up for it. right now i have no money and am at school . i wish i had a collection like some of u guys:( all i really have sofar is a 1954 quarter and some copper/wheat pennies.

    this year after getting more into coins, i discovered that i always wanted morgan dollars, but i never could seem to find or afford them . the toned ones are nice and i see some really nice ones here.
     
  7. You might be able to get this book and others from your local library...even if the issue is older it still has usefull info in it and is worth a read...and librarys are free :)
     
  8. aging wonders

    aging wonders Metalhead Since 95'

    Like Chris stated, there are no dumb questions here =) As for the 1954 quarter.. we all start somewhere haha and yeah i like morgans, my great grandfather has a 1882-CC in VF-20, and a 1921-s in AU-50. Next time i go visit him ill try and get some pix for ya
     
  9. Texas John

    Texas John Collector of oddments

    Hi, Jeremy. You might think about collecting pennies. Because of coinstar machines, lots of pennies that sat in somebody's change jar for years get put back in circulation. You can easily find nearly unused pennies much older than you just by looking in your change.

    But in the end, this is a hobby based on love, so you should collect what you love, whatever that is.
     
  10. bmoneyamericana

    bmoneyamericana New Member

    thanks, i just wish i could get my hands on a nice toned morgan dollar.

    my dad passed away last year and if i could save up for a couple months maybe i could get one but i doubt it since i spend the money on other things like food caus we're kinda poor :-/
     
  11. aging wonders

    aging wonders Metalhead Since 95'

    sorry to hear that your father passed away :( You'll get your coin one day just keep moving forward. I'd suggest storing small amounts of money away towards your collection and use the rest for whatever you want, just a suggestion.
     
  12. Jeremy,

    Welcome to CT! If you like silver, ask at your local bank if they have any rolls of half dollars and search through them for silver halves (1964 and earlier: 90%; 1965-1970: 40%). This costs nothing but your time. You can always spend the half dollars or turn them in at another bank. Good luck. TC
     
  13. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    sounding dumb.................What's that you say, sonny? Speak up! I can't hear you!

    Chris
     

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  14. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Just don't think that you have to rush into anything. Take your time and try to learn as much as you can. You've got your whole life ahead of you.

    I'm 62. I started collecting in 1957, and I just acquired this one 4 years ago.

    Chris
     

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  15. bmoneyamericana

    bmoneyamericana New Member

    thanks guys i just wish i could compare to some of the stuff here.
     
  16. Duke Kavanaugh

    Duke Kavanaugh The Big Coin Hunter

    Welcome to CT.
    Being new yes a Red Book and get a whitman nickel album. I'd get to the bank and get a Box of nickels and go thru them pulling out all the early dates and putting them in the album. After not long you can have a full set of Jeffersons for Face Value :D
     
  17. Just Carl

    Just Carl Numismatist

    WELCOME TO THE FORUMMMMMMMMMMMMMMM.
    So your in California? Any Earthquakes by you?
    Agreed that you should look for a copy of the Red Book by Whitman Publishing. I suggest you look at used book stores, flea markets, garage/yard/estate sales for an older version. Reason is much cheaper. I've seen older ones at flea markets for $1. As anyone can tell you the prices in the lastest versions are basically rediculous. In reality a 3 or 4 year old edition would have prices that are more logical or realistic.
    As to collecting Silver coins, today that is rather an expensive hobby to start. The reason is the price of Silver is really high and a recent massive amount of new coin collectors have made almost any coin's price inflated. You'll find that one thing about this or any hobby is price and demand. As more and more people want something, the more it will cost. An example of this is not to long ago everyone wanted Beanie Babies. Then everyone lost interest and the ones that at one time sold for hundreds of dollars are now sold everywhere for a few dollars.
    Being new to coins I'd suggest trying to collect coins you find in change. For example the Lincoln Cent, Jefferson Nickel, etc. Then you can find many, many coins for face value. And if you ask friends, nieghbors, relatives for any old coins, you may end up with a lot more of what your collecting and again for face value or less if nice people.
     
  18. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Don't feel that you have to keep up with the Joneses. Divorces do happen, you know, and then everything gets split, sometimes unfairly.

    Chris
     
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