Coin collecting is a fun and exciting hobby, but with rare coins costing as much as $10 million, it might be too expensive for most folks.
The good news is that you don’t always have to spend a bundle to kickstart your own coin collection. In fact, with challenge coins, you can start your coin collection with as little as five bucks.
Challenge coins are a fun and interesting form of “currency” used to commemorate special occasions, recognize achievements, or simply show off your patriotism. If you’re new to challenge coins, or just looking for some tips on how to collect them more efficiently, read on!
In today’s post, we’ll be discussing some incredible tips for collecting challenge coins to build a rich and vast collection.
1. Establish Your Reason for Collecting Challenge Coins
The first step to efficient challenge coin collecting is understanding why you’re doing it in the first place.
Do you want to focus on a certain branch of the military? Or, are you looking for challenge coins that represent your hobbies or interests?
Like any collection, challenge coins can be as specific or as general as you like. There are no rules when it comes to what challenge coins you should collect. The only “rule” is that you should be collecting challenge coins that hold some meaning or purpose for you.
If you’re having trouble coming up with a focus for your collection, here are a few ideas to get you started:
- Geographical location
- Historical significance: unit or branch of the military
- Rank
- Event or campaign
- Training exercise
- Deployment
If you’re looking to make money from your coin collection, it’s important you focus on specific types of challenge coins. That’s because not all the coins you collect appreciate in value.
2. You Don’t Need to Spend a Bundle
Contrary to popular belief, you don’t need to spend your entire life savings to have a top-notch coin collection.
As mentioned earlier, you can start your coin collection with as little as $5. However, this doesn’t mean that you should skimp on your coin collection.
When starting out, it’s best to start small with coins that suit your personal taste. As you learn more about coins, you can grow your collection to feature pricier pieces. The goal here is to understand enough about coins before you start investing a lot of money into them.
Also, be very patient while building your coin collection. Don’t be the person that spends too much on a single coin only to see it drop in value after a short time.
Although you want a broad collection ASAP, don’t forget that the journey is just as important as the collection itself.
3. Learn to Care for Your Coins
Compared to other forms of collectibles, coins don’t need as much attention to keep them in tip-top shape.
However, this doesn’t mean that you should throw your coin care out the window. This is especially true if you’re planning to resell your coins for a profit.
This begs the question, so what’s the right way to care for your challenge coins? Here are some basic coin care tips to get you started:
- Keep challenge coins away from moisture and water
- Don’t expose challenge coins to extreme heat or sunlight
- Avoid touching challenge coins with your bare hands
- Store challenge coins in a cool, dry place
- If challenge coins are tarnished, use a soft cloth to buff them
- Challenge coins come in various finishes, so be careful not to damage the finish
By following these simple tips, you can ensure your challenge coins stay in pristine condition for years to come.
4. Connect With Other Coin Collectors
Want to make collecting challenge coins even more fun?
Well, then connect with other coin collectors and share in the excitement. Not only is this a great way to make friends, but you can learn a lot from other collectors.
Here are some tips on how to connect with challenge coin collectors:
- Join challenge coin collecting forums
- Attend challenge coin conventions and trade shows
- Follow challenge coin bloggers and vloggers
- Connect with challenge coin dealers
- Challenge coin collecting clubs
By connecting with others, you can learn about new coins, upcoming conventions, and so much more. You can even trade challenge coins and enrich your current collection. So, don’t be shy. Get out there and start connecting with other challenge coin fans today.
5. Find Coin Dealers You Can Trust
When starting your collection, there’s always the question of where you buy your coins.
A simple Google search will expose you to dozens of coin vendors, some with unbelievable prices. Naturally, you’d want to spend the least amount on your coins, but this might work to your detriment.
The challenge here is to find challenge coin dealers you can trust. Here are some tips on how to do just that:
- Do your research on a challenge coin dealer before making a purchase
- Check if the challenge coin dealer is a member of the Better Business Bureau
- See if other customers have had positive experiences with the challenge coin
Following the above tips, finding a trustworthy dealer will be a cakewalk. Dealers like customchallengecoins.net have built a name for themselves selling genuine, high-quality challenge coins. You can check out what they have to offer.
Start Your Own Collection Today
The information above should put you on the right track to starting your very own challenge coin collection.
Remember, slow and steady wins the race, so don’t rush to buy all the expensive coins at once. Also, only buy coins from a vendor you can trust to avoid spending money on counterfeit coins.
Get started with your challenge coins collection and join thousands of other collectors in this fun and exciting hobby. So what are you waiting for? Start your coin collection today.
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