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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 as a means of 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.
I’m the Coin Editor here at TheFunTimesGuide. My love for coins 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 the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. I’m also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). I’ve contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I’ve authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below!
4 thoughts on “5 Budgeting Tips For Coin Collecting”
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?
It is about the size of a quarter.
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,