Did you know that the largest coin collection belongs to the Smithsonian Institution, which has more than 1.5 million coins?
Starting a collection is a fun and fulfilling hobby that can also earn you tons of money as the items gain value over time. One of the most unique types of collections that you should consider having is challenge coins.
Do you like the idea of investing in challenge coins and building a gorgeous collection? Read on to gather our top tips on how to start challenge coin collections so you can get the most out of each purchase.
Set a Budget and Start Slow
The key to being a smart collector is to take your time when you’re first starting out. The reason why this is important is that there are lots of things that you need to know about making profitable purchases.
Set a budget that you feel comfortable with and hold yourself accountable.
Join a Coin Collecting Community
Who says that coin collecting has to be a solitary hobby? You could meet lots of new friends by joining an online coin collecting community.
Not only will you be able to admire other people’s collections, but you can also gain access to private sales to grow your own collection. You may even be able to attend events with other collectors.
Learn About Challenge Coin Care
There’s nothing more disheartening than spending a bunch of money on your collectible coins and letting the quality degrade over time. Not many people know that they need to take care of their coins to preserve them.
You should keep your coins in a cool, dry environment at all times. You’ll also need to clean them to maintain their shine.
Find the Best Places to Shop for Custom Challenge Coins
One of the coolest parts about collecting coins is that you can create your own navy challenge coins and other types of coins. These one-of-a-kind coins are guaranteed to make others envious of your beautiful collection.
Spend some time browsing different online stores so you can ensure that you always find the best deals and quality.
Know When It’s Time to Sell Your Coins
It’s important to keep in mind that you only have a limited amount of coin collection storage space. There will come a time when you’ll have to start selling your coins to make room for ones you’re more passionate about.
Keep an eye on your collection and start making some decisions on which coins you’d feel okay with letting go.
Now You Know How to Start Challenge Coin Collections
Figuring out how to start challenge coin collections isn’t as difficult as you might have thought. Following this advice will set you on the right path toward building an incredible collection.
Do you want to read more empowering articles about hobbies and other lifestyle tips? Check out the rest of our blog!