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James Bucki

Be a Coin Collector, Not a "Coin Accumulator"

By February 24, 2013

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I started collecting coins when I was ten years old. I believe I was more of a "coin accumulator" then a coin collector. My Dad and I would go to coin shows and coin shops and buy whatever tickled-my-fancy and I had enough money to buy. Additionally, I would buy rolls of pennies and nickels from our local bank in order to fill my blue Whitman coin folders with Lincoln cents and Jefferson nickels. The rest of my collection resided inside of a cigar box that I would occasionally dig through and look at.

Now, some 40 years later, I am a true coin collector. The overlying characteristic that differentiates coin accumulators from coin collectors is organization. True coin collectors organize their coins in folders, albums and holders in order to protect their metallic treasures and enjoy their beauty without damaging the coins. The other organizational characteristic that a true coin collector has is a catalog of the coins in their collection. The earlier you start cataloging your coin collection the easier it will be. Not only will your heirs appreciate your efforts when it comes time to liquidate your collection, but the IRS also has rules that will be easy to follow with a well cataloged coin collection. If you haven't started cataloging your collection yet, I have written an article that will get you started.

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Comments

February 28, 2013 at 5:31 pm
(1) Teresa says:

Speaking of collecting, I have been unable to locate a quarter dated 1975. Do you know anything about this?
Thank-you, Teresa

February 28, 2013 at 5:33 pm
(2) Teresa says:

Speaking of collecting, I have been unable to lcoate a quarter dated 1975. Have you any idea why this is so? Thanks.

March 4, 2013 at 6:17 pm
(3) F. Marinucci says:

Check any coin magazine and it will tell you that none were minted that year. Thus the reason you can’t find any. I believe the mint was preparing the for the minting of coins for 1976.

March 4, 2013 at 7:25 pm
(4) Teresa says:

I was wondering what happened.
Thank-you, Teresa

March 7, 2013 at 11:41 pm
(5) Chris Budesa says:

“then” is time related. “than” would be used thus, more than you.
re 1975 quarter: neither will you find a half-dollar or dollar dated 1975. all three coins were being struck with their own special Bicentennial design in both 1975 and 1976.

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