Coin collecting is one of the most popular hobbies in America.
Some collectors are indiscriminate in the coins they collect, while others have more pointed collections depending on their interests. Many of the country’s collectors enjoy collecting military and police challenge coins.
If you’re looking to start a challenge coin collection, this post is for you. Here, we’re going to give you 5 practical tips for growing your collection with different types of challenge coins. Collecting challenge coins is incredibly rewarding, so keep reading and learn how to get your collection going.
1. Start With a Niche
When you start collecting challenge coins, you’ll be tempted in many different directions because there are countless types of challenge coins. Our advice is to decide on a niche for your collection and stick to it until you feel comfortable branching out.
For instance, you could start by collecting police challenge coins. Each city across the country could have a police department that issues challenge coins, whether it’s LAPD challenge coins or NYPD challenge coins. This is a great niche because there’s so much potential in it.
2. Create a Budget
It’s easy to get carried away when you start collecting coins. It’s important to set a budget for yourself so you don’t drain your bank account by buying up the rarest and nicest coins.
Although collecting challenge coins is a great investment, you can build up an amazing collection over many years, it doesn’t have to happen immediately. Find a budgeting style that works for you and add to your collection one coin at a time.
3. Care for Your Coins
Learn how to care for your coins and invest in a challenge coin display that’ll both protect them and allow you to show them off. There are various guides online for how to clean and care for coins. The better you protect them, the more value they’ll hold in the long term.
4. Find Your Network
If you’re going to build a next-level challenge coin collection, you need to find other collectors to buy from and trade with. Fortunately, the challenge coin collecting community is a wide-ranging and supportive one.
There are numerous groups on social media sites, as well as websites that allow you to connect with other collectors.
5. Custom Creations
One of the amazing things about challenge coins in 2023 is that there are a number of custom challenge coin services that allow you to create your own coins. Nowadays, the hallmark of any good collection is a few amazing custom challenge coins that showcase your personality.
No matter what types of coins you’re collecting, you’ll be able to find a service that helps you create your own.
Start Your Challenge Coin Collection ASAP
Now that you know how to start a stellar challenge coin collection, it’s time to start thinking about the types of coins you want to begin with. Remember, grow your collection by budgeting and sticking within your niche. Once you’ve built it up, you can start branching out and collecting all sorts of coins from all over the world.
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