5 Tips for New Ancient Coin Collectors

Coin collecting is a pastime that many people enjoy, and some are compelled by collecting ancient coins for their beauty and history. If you're new to coin collecting and have an interest in ancient coins, use the following tips to help you grow your collection:

Do as Much Research as Possible

Collecting ancient coins is not a hobby that you should just jump into. Before you spend any money, it is absolutely essential to do your research. Spend as much time as you can reading about ancient coins so you can learn which ones are of value. It is also a good idea to decide if you want to focus on a certain type of ancient coin, such as Roman or Greek, or if you want to collect ancient coins from around the world. Your decision can help guide your research.

Set a Budget

Prior to looking at any ancient coins for sale, establish a budget so you know exactly how much you can afford to spend on your new hobby. It can be easy to get carried away when you first start out collecting ancient coins, so having a budget will help ensure that you don't spend too much money.

Buy from Reputable Dealers

As a new collector, it is in your best interest to make purchases from reputable coin dealers. Working with a coin dealer can lower your chances of buying an ancient coin that is counterfeit or illegal. An ancient coin dealer like Harlan J. Berk, LTD can also be a reliable source of information as you're learning more about coins. Before buying a coin, don't be afraid to ask the coin dealer any questions you may have.

Network with Other Collectors

One of the fun things about collecting ancient coins is interacting with other people who have the same interests. Online you can find forums and chat rooms dedicated to ancient coin collectors. If you live in a large, urban center, there is also a good chance that there is an ancient coin collecting club that you can join. Communicating with other collectors is a great way to learn more about different types of coins and collecting.

Keep Your Collection Safe

As your collection grows in size and value, make sure that you protect it. You may want to keep valuable coins in a safe deposit box at a bank. If you opt to keep your ancient coin collection at home, keep it in a locked, fire-proof box. Insuring your collection is also a good way to protect yourself financially.