Thursday 24 June 2010

Coin Collections: 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 donít really need to clean your coin
collection. In fact, you shouldnít 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.

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