Coin collecting can be an extremely fun and satisfying way to collect gold, especially if you set your self a target. For example every King George V sovereign by date, or a sovereign from each ruler etc. However if you are planing to collect coins, I would advise buying some books first and reading about what you plan on collecting and perhaps try to learn or understand how to grade coins. This is because there are so many over graded, fake and altered coins around.
A few of good reference books are:
- Spink Coins Of England & the UK 2012
- The Gold Sovereign: Golden Jubilee Edition
- The Gold Half Sovereign
As a coin collector, the grade of a coin matters. So some sellers like to think or state that the coin they are selling is off higher grade then it is. There are also plenty of counterfiet coins being produced in countries like China and some are getting hard to distinguish from the real ones. That is why, it is always advisable to read up about the types of coins you want to collect before you buy, and buy from trusted sources. For more information about buying coins, take a look at our Buying Gold coin guide.
Some collectors collect by type, for example only full gold Sovereigns, or only gold Guineas, Krugerrands, Chinese Panda coins etc.. Where us other may collect by date or ruler, for example only George V sovereign coins etc. I know of one collector who only collects gold coins that depict animals on them. The possibility is pretty much endless, you just need to choose a collecting focus you want and try to stick to it. Which is the hard part as there are so many wonderful coins around.