A Few Leads On Succeeding With The Coin Collecting Penny

Coin collecting is very fascinating; especially if you happen to be an American and are interested in collecting penny coins because there are a few very interesting such coins available that will make your collection stand out. As far as collecting penny coins goes, the Lincoln head penny is probably the one penny coin that is collected by every coin collector.

Minted in 1909

This penny was first minted in the year 1909 and has since been a part of every collection of penny coins. However, in the years when the Second World War was underway this penny was made out of zinc and not its usual copper, and in fact the number of such coins that were made from copper was very few and those that were made from copper were only made in the year 1943.

The Lincoln head penny is certainly an exceptional option in regard to collecting penny coins and today it is very valuable as well. Another kind of penny that should be part of every serious coin collection is the penny that preceded the Lincoln penny. Those were unique pennies in that they had an Indian head and are today very rare and so deserving of a collector’s choice of penny coins.

Before you get stuck into collecting penny coins you should be aware of a few basics that will help ensure that you get started on the right foot and in the process even affect savings on how much you spend in collecting coins, including the process of collecting penny coins. First off, there are numerous options as far as type of coins is concerned though for those that is interested only in collecting penny coins they need to try and only specialize in pennies.

Also, the best place to start your collecting penny coins is to look at hobby stores where there are special sections dealing with coins and there you can buy coin folders in which you can store your collection. In addition, you should buy books to become more educated about type of pennies, especially their grading and current values.

Finally, you need to be armed with a good magnifying glass and in addition you need to also understand how pennies are graded and valued so that you know a good coin collecting penny when you see one and are not fooled by claims and counter-claims. When it concerns coin collecting wheat pennies, these come to approximately one hundred and forty-eight per pound.

Of course, it is also necessary that you look at the quality of the coin collecting penny before buying it and if you have a little extra money then it is a good idea to go for pennies that are of a higher grade and which have more value as these will ensure that your collection of pennies will stand out and the pennies too will also appreciate over time.