How to Start a Challenge Coin Collection: Everything You Need to Know

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Around 33 to 40 percent of the American population collects one thing or another.

One popular item to collect is challenge coins. Many people collect challenge coins because they’re interesting and often have symbolic significance.

There are many types of challenge coins, but they all have one thing in common. The coin has a specific design and features that make it unique.

If you are wondering how to start a challenge coin collection, this short and simple guide is for you.

Set a Budget

If you’re going to collect coins, it’s important to set a coin collection budget.

This will help prevent you from spending too much money on your collection. You can also use the budget as a guide for how many coins or types of challenge coins to buy at once.

If you’re just starting, try to limit your budget to $50 or less. This should be enough for you to find a few coins that look interesting and start building your collection.

Decide on a Theme for Your Collection

You can collect challenge coins for several reasons.

You could choose to focus on a specific branch of the military or collect all the coins from a particular unit. Or you could choose to collect the coins from a specific challenge coin company or a set of criteria such as color or design.

Choose a theme for your collection so that it will be easier to organize and keep track of. For more information about starting army challenge coin collection, click here.

Look for Reputable Dealers

The last thing you want to do is get ripped off by buying fake coins.

There are many reputable dealers out there, but you should always do your research before buying from one. Find out how long they’ve been in business, what their reputation is like among customers, and the guarantees they offer.

If you’re still not sure about a dealer, you can always contact them for references and testimonials from their clients.

Store Your Coins Properly

Most collectors will tell you that storing coins is the most important part of collecting.

The best place to keep them is in a case, preferably one made of leather or wood. You can also put them in a soft cloth bag and then place that bag inside your coin collection box.
If you have a fireproof safe, that’s another great place to store your coins.

Join a Collecting Community

You might think that being part of a coin-collecting community is unnecessary. But it’s a great way to get advice, tips, and recommendations on how to buy coins.

You’ll also be able to meet other collectors and trade with them. This can be a great way to expand your collection without having to spend any money.

You can find coin forums online or look for local clubs in your area.

Follow These Tips to Start a Challenge Coin Collection

There are many reasons to start a challenge coin collection. Collecting challenge coins is fun for some people.

Others are interested in the history and significance of these items. Whatever your reasoning, collecting challenge coins can be an enjoyable hobby.

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