Loren Wesley Vankirk's profile

Coin Collecting Begins with Research and Starting Small

A businessman from Winder, Georgia, Loren Wesley Vankirk enjoys travel, food, and racing. Loren Wesley Vankirk also has hobbies and interests that include coin collecting.

Coin collecting is begins with starting small and doing a lot of research. If they are not someone with a sizable budget, the collector has to be very shrewd about the coins that will ultimately become a part of their collection.

For this reason novice collectors should ease into the hobby by choosing smaller coin sets that are simple to put together and purchases that will not impact a budget in case the coin is not as valuable as the purchase. Many coin collectors begin with Lincoln pennies, which are still in circulation and are reasonably priced.

Second, prospective coin collectors should spend a lot of time researching different coins, their history, and how they are assessed. According to a 2018 article published in the online publication Coin Week, collectors should spend copious amounts of time reading before they make purchases.

Kris Oyster, a coin collecting expert, suggests reading the Redbook, a guide for buying US coins. Others say beginning collectors can get much of their information from spending a couple of months browsing the internet.
Coin Collecting Begins with Research and Starting Small
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Coin Collecting Begins with Research and Starting Small

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