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4 Important Things Every Coin Collector Should Try To Remember!

by Joshua McMorrow-Hernandez

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coin collecting

In my 35+ years of coin collecting, I’ve learned many things about this amazing pastime.

  • Never clean your coins.
  • Don’t drop your coins.
  • Keep your coins in the best holders you can afford.
  • Be a good steward of your coins that will eventually be in the hands of future generations.

But there are some other principles I’ve learned to always keep in mind about this hobby which have helped me to enjoy this ages-old pastime even more.

I’d love to share these thoughts with you…

#1  Don’t collect coins for the money – do it for the joy of the hobby.

After all, coin values can go up and down overnight, just like the stock prices and index on Wall Street. However, if you collect coins for the pure enjoyment of searching for and preserving coins you really enjoy, you’ll never tire of your coin collection no matter how much – or little – it is worth.

#2  Never give up on buying the coins you really want.

Keep your aims high and your hopes higher. You may not be in a position to buy the coin you really want right now, but that doesn’t mean you can’t buy the coin you have your eye on sometime down the road. Perhaps you can save up some cash in a coin fund to purchase the pieces you really want. Or, perhaps, seek out a coin dealer who offers a layaway plan.

#3  Keep your eyes peeled because, believe it or not, rare and interesting coins do show up in circulation.

It can take some searching, but if you’re in the right spot at the right time, it’s still possible for silver coins, Indian Head pennies, Buffalo nickels, and even rare Lincoln pennies to pop up in pocket change. But you’ll never find yours if you don’t look hard enough for them. So always check your change!

#4  Share the hobby with the people close to you.

Some people are lone wolves. But if you’re like me, “the more the merrier” is your mantra in life. And, including those I like when taking part in the things I love is something I’ve always tried to do. At the very least, when you share coin collecting with others, you may teach them something new. You may even inspire them to join you in this fascinating hobby. If you can encourage others in your social network to become coin collectors, too, that may help lead to even deeper bonds with the people that you most enjoy.

As you can see, coin collecting, for me, has been more than just a hobby. I feel it can be an enriching pursuit that can help us to form and reach for goals and, yes… even give us cause to stop and smell the proverbial roses in life.

More Coin Collecting Advice

PUBLISHED December 12, 2011
UPDATED September 7, 2026

Joshua McMorrow-Hernandez

Numismatic Specialist

Hi, I’m Josh! I’m the Editor here at the US Coins Guide. 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). I 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 over 1,000 articles here at the US Coins Guide (many with over 50K shares).

I welcome your coin questions!

7 responses to “4 Important Things Every Coin Collector Should Try To Remember!”

  1. Tim Smith Avatar
    Tim Smith

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  2. TheMomas Woodruff Avatar
    TheMomas Woodruff

    Joshua,

    I would like at ask a question on the value of US uncirculated coins mint sets from US Postal Commerative Society. I am new to The Fun Times Guide and have no idea where to begin searching. Thank you for any information you can give!

    1. JoshuaTheFunTimesGuide Avatar
      JoshuaTheFunTimesGuide

      Hello,

      I’m glad you reached out and am happy to help! If you don’t mind uploading a few photos of the coin sets you’re curious about and posting them here in the comments section (there is a photo upload button at the bottom of the commenting box) I would be glad to assist further.

      Thank you!
      -Josh

        1. JoshuaTheFunTimesGuide Avatar
          JoshuaTheFunTimesGuide

          Hi, TheMomas Woodruff —

          These are among the more popular commemoratives involving both coins and stamps. Since these were released about 30 years ago, the stamp market has pretty much fallen by the wayside as the number of collectors continues dwindling. Conditions are better on the coin side. These sets are appealing to many collectors because they combine coins and stamps into one convenient package and also illustrate a bit of history from each year. However, because the coins contained in these sets are relatively common these sets, especially those dated 1971-1989, are not especially valuable.

          The 1984 set is worth in the neighborhood of $3 to $5. I will say the 1964 and 1970 sets, if you have them, are worth closer to $15 or $20. The 1964 set contains 90% silver coins an the 1970 set has the scarce 1970-D Kennedy half dollar.

          I hope this info is helpful to you. Thank you for sharing these photos with me, and if you have any more questions, please don’t hesitate to ask!

          Best wishes,
          Josh

          1. TheMomas Woodruff Avatar
            TheMomas Woodruff

            Joshua, Thank you for helping me decide! I rather enjoy this collection and since they are not overly valuable I think I’ll keep them.

          2. JoshuaTheFunTimesGuide Avatar
            JoshuaTheFunTimesGuide

            That sounds like a great idea! Enjoy your coins!

            Best wishes,
            Josh

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