Beginner’s Guide to Coin Collecting

Coin collecting is a hobby that is extremely popular among a lot of people. Whatever the age of the person is, collecting coins has its benefits. In most cases, coin collections gravitate on two things. For children, they tend to collect coins that look pretty or unusual. However, for adults, their coin collections will tend to gravitate towards the value of it rather than the looks.

People have different ways to acquire their collection. Some will just collect any coin that they stumble upon, while there are people who buy in bulk and eagerly anticipate limited mint edition of coins. Whatever your methods are, there may be some questions that you may want to ask about this particular hobby.

The first would be about handling the coin collection. As a beginner, you must understand that you should handle the coins as little as possible. The fact that fingerprints on an uncirculated coin can dramatically cut the value of the coin, you must never handle the coin at all. However, if you do need to handle the coin, do so from the edge and never on the face of the coin.

If you need to lay the coin down, it is important to use a velvet pad if it is available. But, if none is available, a soft and clean cloth will do. If you are going to handle coins that are extremely high in value, you must do so with surgical gloves and protective face mask.

Most people will also tend to ask how to keep their coin collections clean.

Basically, you don’t really need to clean your coin collection. In fact, you shouldn’t even think about cleaning them at all. Most collectors look for the authenticity of the coin rather than its shiny newness. Even if you wipe the coin clean with clean, soft, and lint-free rag, it will leave hair line scratches on the coin which will greatly reduce its value. So, cleaning a coin collection is never really an option.

Storage is also another question that you may have about coin collecting. Basically, the goal in storing your coin collection is to protect it from temperature extremes and humidity. Also, you may want to protect your coin collection from dust, dirt, chemicals, and even fingerprints. So dehumidifying equipments will be needed as well as locking the storage as airtight as possible.

In most cases, low value coins are kept in almost any container and can be handled any way you like. However, when you are dealing with high value coins, you will need to give it extra attention. The goal here is to provide a container that will preserve the coin’s condition. Make the container as airtight as possible, and the container should also be able to display the coin in order for you to never need to take out the coin from the container.

Uncirculated coins are very much valued by collectors. However, if you really want a valuable coin collection, go for rare ones if you can afford to have it. Learning about grading coins can also help you to determine the true value of a particular coin.

So, if you want to start your very own coin collections, you may want to keep these things in mind. With these tips, you can be sure that you will be able to know how to handle your collection and also help in appraising its value. Always remember that this hobby is not just fun, but is also a good investment.

You may also like...
Comments
There are no comments just yet, why not be the first?
Leave a Comment
Add your picture!
Join Gravatar and upload your avatar. C'mon, it's free!