i am new to coin collecting. What is the best way to discover coins? for ex is searching bank rolls of nickels and pennys a good way? please give me some help
I started by keeping in old coins, and any canadian coins when I was about 8. But I didnt really get into a good deal until the State quarters came about.
You could...But I think the coins would be worth more if they stay in the rolls because they would still be considered uncirculated.
Searching circulated rolls from the bank can be mini treasure hunts. Coin World must think it's worthwhile since they devote a weekly column to it. It's pretty cool what shows up from time to time.
Yes, you can. But Maybe is the key word there. But if you get a roll and open it, and you use gloves and dont touch the coins, then you can still call it uncirculated
but what im saying is im not giving out any money because i can just cash in the coins that arent worth anything and just keep getting different rolls with the starting money i used
Welcome to the Forum- Flamtap In my opinion the best way to get started in discovering coins is to go up to the top of this page & check out the Information & Helpful Links & also the FAQ link. KNOWLEDGE my friend, knowledge
I have heard of a number of collectors finding silver (as much as 1 in every roll or two) coins in half dollar rolls from their banks. I have obtained a roll here and there without any luck, but I have ordered a box ($500) of halves to pick up this coming Friday. Cent, nickel and half rolls will likely provide the most potential for interesting finds. Errors are something to search for as well.
flamtap - It sounds to me like you are talking about a couple of different things here. First of all, yes it is possible to find gem coins by searching uncirlculated rolls. But in order to do so you need to know how to grade coins, for only the higher grades are worth much. By searching rolls of circulated coins you stand a chance of finding unusual varieties or error coins. But again you have to be able to know one when you see it. Both of these things require a certain amount of knowledge and experience that the beginning collector simply does not have. But it is certainly a way to learn - but it's the hard way. If you have an interest in getting started in coin collecting the best thing you can do is to buy some books and begin to study. I would suggest you start off with the Red Book and then get yourself a copy of the Official ANA Grading Standards for United States Coins. It is also a good idea to frequent various coin forums like this one - ask questions - lots of questions. Don't worry about sounding like a beginner - we all were at one time and we had to ask the same questions you do now Then, after you have some basic knowledge - begin to collect coins. You'll find the hobby much more interesting and fun with some knowledge behind you.
Well...about rolls...I been having good luck lately with Rolls from CASINOs...they're circulated coins...and usually you can find a nice variety...specially if you have some trouble finding other than "P" coins...like me hehe ... they still "rolls" hehe and you don't have to worry of touching them lol my 2 cents
I guess that depends on what you mean by "good coin". Understand - I am not trying to be flippant - but I don't know how to answer your question without understanding what you are looking for. Do you define good as being collectible ? Or do you define it as a coin with significant monetary value ?
As a child I got into collecting by taking my allowance (is it an allowance if you have to do chores to get it?) to the bank to get rolls of pennies. My Dad got rolls of everything else. Some of my favorite childhood memories are of sitting around on Saturday afternoons after returning from the bank and looking at coins at the dining room table with my old man. I remember that I was in awe when he pulled a Franklin half from a roll of half dollars! Now that I have real income and can buy more valuable coins, I still prefer to search through change an bank rolls. I've had fantastic success searching rolls of halves as of late. They just don't circulate, so the odds of someone else getting to the coins i want before i do is pretty low. So yeah, you can find good things in rolls, you just have to recognize what's good when its sitting in from of you Good luck! CJD
There are lots of good coins in circulation. I've been saving circulating quarters only since 1997 and have gone through only about 21,000 coins so far. From these there are now about 85 coins in my variety collection and I have another 100 great duplicates. All of the later coins are beautiful AU or UNC and most of the early coins are nive XF. There are a few that are only VF. I have 20 of the varieties so far but only one of the scarce varieties, but they're mostly in grades that are unobtainable elsewhere. It will only be a couple more years before this collection can not be duplicated from circulation. Many of these coins will be virtually impossible to find elsewhere. You can do this with any of the denominations but I chose quarters since they are so readily available and have large numbers of varieties. Buy a blue folder for the coins of your choice and have fun. Mistakes from bankrolls will not prove costly but do start a library immediately. There are books out on all the denominations except quarters and you'll need the general reference works for post 1964 varieties. Check out the CONECA website for doubled dies on quarters. If you're interested I can give you a list of a few common quarter varieties to help get you started.
I started by pocket change, and bank rolls I assume you mean coins that others have already handled?? That is a great way to collect, Then just replenish the rolls or spend them and get new rolls!! In so far as all of this Hype on TOP GRADES, Decide are you a collector or an investor?? High dollar return is slow in this hobby and if your looking for FAST return this is not the place. If you want to collect one of each coin minted and want to fill a slot then this is a fun hobby. Now I see "First Strike" and last night I seen "EARLY First Strike" Good God man these grading nuts are out of control!! HYPE is one thing, But the BS going on now has just directed me to a few old time dealers that care for the hobby and to the mint,(Which is getting far worse) Just plan on enjoying your self and READ up on the series you collect. Polish your own brain and don't rely on anyones opinion to a fault! I started collecting in the 50's and have seen SO MANY changes!!
THERE IS NO "ONE AND ONLY" WAY FOR discovering coins. The cheapest and simple way is starting with the circulation coins of your country, and then to start with finding errors and to go back to historical coins/out of cirulation. For a beginner the best way to get many different types is to go regularly to a collectors club and buy as much a you can, starting with cheap coins, so you will not encounter forgeries / fakes / conterfeited / bogus / coins befor you will become an expert that can distinguish between real and fake coins. I started in many ceap coins with a goal to have as many as possible countries represented in my collection and managed to get atleast one coins from EVERY coin minting country that exist today. But I started with cheap coins , I have a lot of cents , I like to get error coins even miniature errors. The amjor errors and some rare coins are those who give a value to my collection. Buying coins depends also with your monetary abilities: most current coins are cheap and some present countries mint a lot of types. In the USA as my experience with american collectors, the most wanted coins are AMERICAN , HISTORICAL and GOLD in the best conditions, which reach to prices start by 1000's $ and and in millions of ameican dollars.
