3 Tips For Starting A Budget Coin Collection For Under $20

budget coin collectionWe’re all minding our budgets more closely these days, but we still need to have fun, too.

However, if you think coin collecting is a luxurious hobby that you need oodles of money to take part in, then you must not be aware of the many budget-friendly options available for collecting coins on the cheap.

In fact, it’s entirely possible to begin a decent U.S. coin collection for less than $20. How, you ask?

If you’re interested in starting a basic coin collection of Lincoln cents, Jefferson nickels, Roosevelt dimes, or Washington quarters, here are some ideas that can help you take your coin collecting goals to flight…

 

#1  Buy a coin folder.

For less than $5, you can buy a coin folder at your local bookstore or coin dealer. Coin folders are perfectly fine for keeping common, worn coins organized and displayed and are much safer than simply storing your coins in a cigar box, glass jar, or other improvised container.

 

#2  Check coin rolls for the dates you need.

If you can’t afford shopping at a coin dealer for the coins you need to fill your coin folders, be sure to check out rolls of coins. Searching coin rolls is a great way to find the dates you need. Of course, there are never any guarantees you’ll find the coins you need, but this can be far more efficient and fruitful than simply waiting for the coins you need by checking your pocket change.

Here’s a look at what it costs for each of these 4 denominations of coin rolls:

  • Pennies: 50 cents
  • Nickels: $2
  • Dimes: $5
  • Quarters: $10

 

#3  Buy a good coin collecting book. 

While the coin information on the internet is essentially free, nothing beats having a trusty coin collecting guide you can actually open up in your hands and read whenever you want. One of the best all-around coin price guides is A Guide Book of United States Coins, by R.S. Yeoman and Kenneth Bressett. The newest edition is listed for $14.95, though you may be able to find a better deal on find a better deal on Amazon.

 

With a good coin book, coin folder, and a roll or two of coins to get you started, you can be well on your way to enjoying a wonderful, lifelong hobby for as little as $20!

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'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, and living green with others.

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