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How Your Family Can Start Collecting Valuable Coins

The image source is Envato.

The recent coin shortage has led to many of us pondering that jar or bag of coins in the closet. If you are planning to go through them, why not get the family involved in reviewing the coins for any that may be collectible? Studying the history of coins and collecting coins over time is a fun way to learn more about our nation.

Check the Date

When starting a coin collecting hobby, make sure you invest in a few tools to start. You’ll need a great magnifying glass or two so your fellow collectors can study the surface of the coin and determine the date. A 3x to 5x magnifying glass will work well to start. When your child really develops a passion for it, consider upgrading to a 10x. If a coin is especially discolored or dirty, take care to clean it only with water and a soft cloth. Abrasives and acid may remove discoloration, but they can also damage the surface of a valuable coin.

Start Arranging

Once you start compiling coins, you will need a space to store them. Consider starting with folders for easy, safe storage. These containers will allow you to secure the coins and carefully put them away when you are done with your review for the day. If you are interested in coin collecting supplies that you can use to display particularly valuable or unique coins, consider individual “snap” boxes that you can use for out of circulation coins, such as silver dollars.

Get Portable

When travel is safe again, consider investing in a state coin book that your children can travel with. As you plan family vacations, take out the book and study the states that you have state quarters, or National Park quarters, in place for and determine the best way to complete the collection. A state quarter map with insert spaces for the quarters from each region is a great option to encourage the study of geography while working on completing the collection. We all could use a little brush-up on which state is where, so join in with your children as you review the map. While you are at it, start a list of state capitals!

Purchases to Start

You can start a coin collecting hobby with your children for a very small investment. A child’s magnifying glass can be purchased for less than $10.00. If your child really gets into coin collecting, you can consider purchasing uncirculated coins. However, remember that the hunt is part of the fun. Your child may have a more valuable collection in the future if you buy coins, but you’ll get more quality time together if you study coins together and help them build a collection that they have found with you.

Value Vs. Valuable

With a book full of state quarters, you’ll have terrific memories and $12.50 worth of quarters. If your child is truly interested in coin collecting, check out coin collecting groups on social media and in other on-line platforms. Your child may want to join, or start, a coin collecting group at their school. Talk about coins with family friends, aunts, uncles and grandparents. Your kids may find something of monetary value, or they may just enjoy time with a loved one. No matter the outcome, the exchange will add value to their lives.

The connections made between your child and other kids his or her age, both in the states and around the world, could be invaluable. Consider breaking away from state quarters and finding an international coin swap, or help your child find a pen pal overseas. This ability to connect and swap a Koruna from the Czech Republic with a quarter from Delaware could give your child a better understanding of the world. Even better, it’s a chance to start collecting stamps from around the world.

Coins stand the test of time and offer an interesting historical perspective. Help your child find a dime from the year you were born, or a quarter that was minted when their grandfather was born. Help your child dig into their own history with coins.

Tim Esterdahl

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