Tips For Starting And Maintaining A Coin Collection
You might be brand new to coin collections, but it is never too late to get started as long as you have the right information. Using the right tips will give you the help that you need to protect your coins, learn the value of them and get the best advice possible for your collection. To that end, use some of the following information so that you are able to build your coin collection to the best of your ability.
Great Coin Collecting Facts
If you're going to embrace the hobby of collecting coins, there are some facts that you should learn so that you can understand more about this hobby. Doing this will instill a sense of pride and understanding about the hobby, in addition to helping assimilate you to the community. Consider some of these facts about collecting coins:
- While coin collecting is a general phrase, the official term for the hobby is numismatics
- Original United States coins were all made of silver, gold or copper material
- Unattended and uncollected coins are prevalent, as American households have a total of approximately $10 billion in loose change
- A rare 3-cent coin, made of silver, was put into circulation for 23 years in the 1800's
The Cost Of Silver Coins
If you are looking to add silver coins to your collection, it is important to understand how much they can be purchased for. These coins increase in value over time and are a great initial investment into your collection. You can begin buying these coins for between $1 and $2 for coins like dimes. You can get half dollars and quarters for prices between $4 and $8. You can typically get silver dollars for prices under $18.
Learn How To Clean Your Coins
Caring for your coins is one of the best things you can learn for you collection. However, prior to jumping right in, you should learn some practical tips. For one, never clean a coin without reaching out to a reputable coin dealer like Beaverton Coin & Currency. Most experts suggest that you avoid cleaning coins altogether, though it may be fine depending upon the value and type of coin. If your coin expert lets you know it is fine, you should practice your cleaning techniques on cheaper coins, to make sure that you can do it without damage. When the coin is clean, always let it air dry, rather than rubbing it.
Take these tips into consideration, so that you can make the most of your coin collection.
Share
