Saturday, June 19, 2021

HOW TO TAKE GOOD CARE OF YOUR COINS?

A true collector knows that it is vital to treat the items properly. It is not enough to acquire the object of desire but is equally crucial to maintain the quality of the product. You might have been collecting coins for a long, or are thinking of becoming a collector; no matter where you stand in terms of coin collection, you cannot ignore the importance of treating coins with care. These coins are collector’s items, unlike circulation coins made for the exchange. Therefore, letting everyone touch the coin is out of the question. Continue reading this article to learn how you can keep the coins in mint condition and ensure the safety of the precious coins.

 

Create a Toolkit: You don’t expect to store your proof coins in a bag or a wallet. Do you? Of course not! For a coin collection, you don’t need an extravagant toolkit; however, you need a modest kit to ensure the coins are safely stored. Creating this toolkit will help a beginner collector appreciate his hobby more. Here are the things for a starter kit.

 

  • Maintain a notebook to keep up track of your coin details. You may note down the year the coin was minted, the face value of the item, the date you acquired the piece, the price you paid for the same, and more. All these details will help you appreciate your coins more. Anyone going through these detailed instructions will acknowledge that a coin collection is more than just a hobby; it is an investment.
  • Get a magnifying glass and marvel at the details of the coin up close and personal. A 7X magnifying glass is ideal to see the details of most coins. There are beautiful coins with minute detailing that need to be seen to be appreciated. For instance, on the American Silver Eagle coin’s obverse, one can see the walking liberty, first designed by Adolph A. Weinman. It also has an inscription of the year of minting and the phrase ‘IN GOD WE TRUST’. All these details can be seen clearly with a magnifying glass without touching the coin.
  • Purchase a storage holder to keep the collection secure. These holders come in different shapes and sizes. Some holders are like photo albums that let you check out the coins without touching them. No one should touch the coins with bare hands, as the moisture from the hand stains the surface. It is not easy to get the spots out from the designed collector’s items. Therefore, be sure to wear cotton gloves while holding the coin.

 

Whenever you plan to show a coin to a friend or a guest visiting your house, be sure to advise them against holding the coin in bare hands. Get guest cotton gloves ready for them to wear if they want to explore your coin collection. One must always hold the coin on the edge to minimize physical touch. Never must one hold the coin by touching the obverse or reverse surface. A novice might not know the intrinsic value of a coin, but a collector always knows that the coins are an investment and should be treated with utmost care.

Thanks For Reading 
More Read On Forbes Magazine 

 

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