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<p>[QUOTE="Paul M., post: 2111627, member: 73165"]I haven't been a YN for 20+ years, so this is for contest #2. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>IMHO, those new to coin collecting just need to have a way to feed their interests without making terrible mistakes. So, I'd design my course around that principle.</p><p><br /></p><p>First, I would point out some of the obvious and easy to avoid missteps a newbie to our hobby can make. A beginner should not buy:</p><ul> <li>Coins from HSN and similar.</li> <li>Coins from "subscription" programs.</li> <li>Rounds that look like, but are not coins.</li> <li>Coins "certified" by companies other than PCGS and NGC.</li> </ul><p>A beginner should be wary of:</p><ul> <li>Coin sellers that advertise in national venues. Some of these will sell you exactly what they are advertising, but at a large premium to cover the advertising cost. Some will sell you cleaned and overgraded coins.</li> <li>Uncertified coins from people who are not coin dealers.</li> <li>Anything that sounds too good to be true.</li> </ul><p>Next, I'd include a list of recommended books to get started. This list would be US-centric because it's what I know the most about, and because coin collecting is too broad a subject to cover in its entirety with a few books. The list would include:</p><ul> <li>A new-ish Redbook and a couple of older Redbooks. These would come with a special warning to ignore all the pricing information, but use them as resources to see what coins have been popular over the years, and as a catalog of US coins.</li> <li><b>The Coin Collector's Survival Manual</b>. Read it cover to cover, especially the sections about working with dealers.</li> <li>Several books on grading, including the <b>ANA Grading Standards for United States Coins</b>, and <b>The Official Guide to Coin Grading and Counterfeit Detection</b>. </li> </ul><p>Next, I'd introduce supplies other than books, the most basic being a good magnifier. Basics of storage methods and how to handle coins would be covered here, as well.</p><p><br /></p><p>I'd have a special section on problem coins (including cleaned, damaged, and doctored), and how to detect them.</p><p><br /></p><p>For the next section, I'd look at methods of collecting. The most basic method would be collecting coins from change. You can probably complete most of a Jefferson nickel set, Lincoln cents from 1959 onward, clad quarters and dimes, solely from change. This is how I got my start as a YN, filling in a Whitman Jefferson nickel folder. If going this route, I would mention the book <b>Strike It Rich With Pocket Change</b> aka Cherrypickers' lite.</p><p><br /></p><p>For collectors with more means and less interest in current circulating coins, I would recommend silver Roosevelt dimes, or Jefferson nickels, along with suitable reference books for these series. Since these coins would almost certainly need to be purchased from a coin dealer, I would emphasize learning to grade and finding a good, reputable dealer.</p><p><br /></p><p>For collectors with even more means who want to collect coins that don't look like the ones in circulation today, I would recommend 20th century type coins, or classic commemorative halves. Because some of these coins can be expensive purchases, I re-emphasize the points about learning to grade and finding a dealer, along with purchasing certified coins or having expensive coins certified to at least guarantee authenticity. Again, I would mention suitable reference books, such as Swiatek's commemorative book.</p><p><br /></p><p>Above all, I would emphasize that collecting should be fun! Go to shows, join a coin club, and learn from your fellow collectors! Look at a lot of coins and develop grading skill and an eye for coins. With all these tools available to you, this can be a gratifying lifelong hobby![/QUOTE]</p><p><br /></p>
[QUOTE="Paul M., post: 2111627, member: 73165"]I haven't been a YN for 20+ years, so this is for contest #2. :) IMHO, those new to coin collecting just need to have a way to feed their interests without making terrible mistakes. So, I'd design my course around that principle. First, I would point out some of the obvious and easy to avoid missteps a newbie to our hobby can make. A beginner should not buy: [LIST] [*]Coins from HSN and similar. [*]Coins from "subscription" programs. [*]Rounds that look like, but are not coins. [*]Coins "certified" by companies other than PCGS and NGC. [/LIST] A beginner should be wary of: [LIST] [*]Coin sellers that advertise in national venues. Some of these will sell you exactly what they are advertising, but at a large premium to cover the advertising cost. Some will sell you cleaned and overgraded coins. [*]Uncertified coins from people who are not coin dealers. [*]Anything that sounds too good to be true. [/LIST] Next, I'd include a list of recommended books to get started. This list would be US-centric because it's what I know the most about, and because coin collecting is too broad a subject to cover in its entirety with a few books. The list would include: [LIST] [*]A new-ish Redbook and a couple of older Redbooks. These would come with a special warning to ignore all the pricing information, but use them as resources to see what coins have been popular over the years, and as a catalog of US coins. [*][b]The Coin Collector's Survival Manual[/b]. Read it cover to cover, especially the sections about working with dealers. [*]Several books on grading, including the [b]ANA Grading Standards for United States Coins[/b], and [b]The Official Guide to Coin Grading and Counterfeit Detection[/b]. [/LIST] Next, I'd introduce supplies other than books, the most basic being a good magnifier. Basics of storage methods and how to handle coins would be covered here, as well. I'd have a special section on problem coins (including cleaned, damaged, and doctored), and how to detect them. For the next section, I'd look at methods of collecting. The most basic method would be collecting coins from change. You can probably complete most of a Jefferson nickel set, Lincoln cents from 1959 onward, clad quarters and dimes, solely from change. This is how I got my start as a YN, filling in a Whitman Jefferson nickel folder. If going this route, I would mention the book [b]Strike It Rich With Pocket Change[/b] aka Cherrypickers' lite. For collectors with more means and less interest in current circulating coins, I would recommend silver Roosevelt dimes, or Jefferson nickels, along with suitable reference books for these series. Since these coins would almost certainly need to be purchased from a coin dealer, I would emphasize learning to grade and finding a good, reputable dealer. For collectors with even more means who want to collect coins that don't look like the ones in circulation today, I would recommend 20th century type coins, or classic commemorative halves. Because some of these coins can be expensive purchases, I re-emphasize the points about learning to grade and finding a dealer, along with purchasing certified coins or having expensive coins certified to at least guarantee authenticity. Again, I would mention suitable reference books, such as Swiatek's commemorative book. Above all, I would emphasize that collecting should be fun! Go to shows, join a coin club, and learn from your fellow collectors! Look at a lot of coins and develop grading skill and an eye for coins. With all these tools available to you, this can be a gratifying lifelong hobby![/QUOTE]
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