How Do You Collect Money?


Quick Answer

Many money collectors start their collection with their own pocket change. Coins are one of the more common collections. Working to complete a series of coins offers fun and is sometimes profitable, according to About.com.

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Full Answer

Most coin dealers offer special folders for collecting coins. These allow the collector to quickly see what is missing from his collection. Experienced collectors know they should never attempt to clean a coin. Cleaning damages the surface and takes away from its value.

Washington quarters are very popular with collectors. This series of quarters began in 1932; however, according to About.com, coins produced before 1965 are 90 percent silver. Due to an increase in silver value, these older coins are rarely in circulation. However, Washington quarters from 1965 until 1998 are common in circulation. In 1999, the 50 state quarter series began, which makes another popular collection.

In addition to the fun of coin collecting, the hobby teaches a collector about history. The Washington quarter series began in 1932 to commemorate the 200th birthday of George Washington. The mint produced a limited number of coins that year, but it produced no quarters at all in 1933, due to the Great Depression. In 1976, the United States celebrated its bicentennial. The mint produced a specially designed quarter beginning in 1975 through 1976 for this celebration; thus, there is a gap in the series for 1975.

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