5 Budgeting Tips For Coin Collecting

budgeting-tips-photo-by-somegeekintn.jpg Everybody’s having to watch their wallets and purses lately.

While tough economic times are pushing people to cut back on entertainment and luxuries, you don’t have to give up coin collecting to make ends meet.

Try some of these budgeting tips:

  • Go back to using pocket change for collecting coins… all they cost is face value
  • Stretch coin collecting goals (like completing sets or albums) over a longer period of time
  • Save a small percentage of your discretionary income for coin collecting
  • Search the discount bin at your local coin dealer for specials
  • Try collecting cheaper coins, like Jefferson nickels, Roosevelt dimes, or foreign coins

Joshua McMorrow-Hernandez

Joshua McMorrow-Hernandez

My love for coins and numismatics began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I'm a member of both the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG). I've also been studying meteorology and watching weather patterns for years. I enjoy sharing little-known facts and fun stuff about coins, weather, travel, health, food, and living green.

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  • Chris Henson

    I purchased this coin from a local coin dealer for a low price. I can not identify it though as there no readable text (It appears to be Asian). I have compared it with many other countries but have not found a match. Any ideas?

    • Chris Henson

      It is about the size of a quarter.

    • JoshuaTheFunTimesGuide

      Hi, Chris —

      It appears you have a 1972 Baht coin from Thailand. They are worth about 40 to 75 cents in the condition your piece is in.

      Thanks for your question,

      • Chris Henson

        Okay, thanks!