Start your coin-collecting journey today. When you set out on a new misson, it helps to have a plan. Join us today and learn how to get what you want from your new hobby – The Hobby of Kings.
Decide on Your Direction
What do you want out of your coin collection? What country, region, or era interests you the most? Is this a fun hobby? Is this an investment hobby? Where do you want this hobby to go? What does it look like in five years?
When you know what you want, you are more likely to get it.
“I learned this, at least, by my experiment: that if one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.” – Henry David Thoreau.
Systems of Organization
A coin collection has a place for everything and everything in its place. Without a system of organization, you will find yourself in Coin Accumulator territory. Coin accumulation is fun but only a part of Coin-Collecting. Develop a plan at the start of your coin-collecting journey to stop the coin-hoarding dragon that hides in junk drawers and closets across the universe from taking over.
Here are two Pendant and Ring articles about coin collection organization and a Coin-Collection Consultation Appointment link for help with any of the steps in this article as well as valuation, simplification, and maximizing the financial returns of your coin collecting hobby.
- How to Simplify Your Coin Collection
- Free Printable: How to Organize Your Coin Collection
- Coin Consultation Appointments
Making a Budget
To enjoy the Hobby of Kings, you must mind your coffers. Some coins are highly sought-after treasures with price tags to match. If you want to get the best coins, financial planning is in order. Make a budget so you control the hobby, and the hobby does not control you.
A hobby budget can be as simple as naming a dedicated dollar amount you get to invest each month. Schedule a regular and predetermined investment amount to steadily grow your collection, like growing a garden.
You do not need to set aside large sums of money to get started. Setting aside time to learn about your country, region, or era of choice is a free way to invest in your hobby – especially in the beginning.
Once you have a substantial collection, your hobby can subsidize your budget as you replace low-grade coins with high-grade coins. The sale of low-grade coins produces money to pay for coin-collection insurance and upgraded storage and display options.
Find Your Why
It is easier to do the more tedious tasks like inventory and valuation updating when you know why you collect coins. Find your why, and it will be easier to maintain momentum when saving and searching for the elusive coins, the unicorns of your collection.
Do you want a beautiful display wall of framed coins with stories and Certificates of Authenticity? Do you want to add to your investment portfolio or make more money? Do you want to stash some cash in the form of silver, just in case? Do you want to make coin collector friends? Do you want to connect with your children or niblings? Do you want to explore history through coins? Do you want a coin collection that adds interest and value to an existing hobby?
Follow Your Heart
Are you ready to start your coin-collecting adventure? One of the best things about coin-collecting is that you craft your journey. There is no such thing as too old, too cheap, or too expensive.” Anything is possible with enough time. This hobby can be whatever you want it to be. Starting in your 40s is a great way to skip the directionless “ooh shiny” influence of the decades between 10 and 30 years old. At this stage of the game, you know yourself and you know what you want. It’s time to get it.
Find your next treasure today.
Subscribe for
Coin Collecting articles.
Uncover Hidden Treasures
Dive into Coin Collecting
See you next time on Pendant & Ring!
Pendant and Ring 
What do you think?