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What coins do you recommend to a New Collector?
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<p>[QUOTE="cladking, post: 11046, member: 68"]It really depends mostly on the new collector and to a lesser extent how much he wants to spend. It makes no sense to try to invest in coins especially if you're new. It is impossible to predict what directions the market will take in the future and collectors tend to do much better than investors anyway because they'll take the time to learn about the hobby and filling collections is the best way to assure that you acquire rare coins in addition to the less scarce issues. </p><p><br /></p><p>This leaves personal favorites as the best means to determine what to collect. If you like the design of a coin like the buffalo or the mystique of the large cents than these are the coins for you. </p><p><br /></p><p>The later date coins do though have a great deal going for them especially for beginning collectors and those without lots of money. Not only do the newer coins tend to be much cheaper but there is less risk of making costly grading mistakes. Most good quality moderns can be purchased for nominal amounts or found "free" in circulation. The thrill of the hunt is in the difficulty of finding attractive specimens in any grade. These coins do get pricey in the highest grade and there will be risk because of the large spreads in prices at these levels but learning your series and a little about grading will protect you from much of this risk. Most collectors of these coins also pursue the varieties which are available in circulation and which can be excessively rare. </p><p><br /></p><p>Whatever you decide to collect, never lose sight of the fact that the hobby is primariky for fun, education, and a diversion. So happy hunting.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 11046, member: 68"]It really depends mostly on the new collector and to a lesser extent how much he wants to spend. It makes no sense to try to invest in coins especially if you're new. It is impossible to predict what directions the market will take in the future and collectors tend to do much better than investors anyway because they'll take the time to learn about the hobby and filling collections is the best way to assure that you acquire rare coins in addition to the less scarce issues. This leaves personal favorites as the best means to determine what to collect. If you like the design of a coin like the buffalo or the mystique of the large cents than these are the coins for you. The later date coins do though have a great deal going for them especially for beginning collectors and those without lots of money. Not only do the newer coins tend to be much cheaper but there is less risk of making costly grading mistakes. Most good quality moderns can be purchased for nominal amounts or found "free" in circulation. The thrill of the hunt is in the difficulty of finding attractive specimens in any grade. These coins do get pricey in the highest grade and there will be risk because of the large spreads in prices at these levels but learning your series and a little about grading will protect you from much of this risk. Most collectors of these coins also pursue the varieties which are available in circulation and which can be excessively rare. Whatever you decide to collect, never lose sight of the fact that the hobby is primariky for fun, education, and a diversion. So happy hunting.[/QUOTE]
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