What to do with coin collection

By Grotaur | 11.06.2021

what to do with coin collection

Get Started Collecting Coins

Jan 20,  · Most collectors prefer the original surface on coins, and older coins will be more valuable if they still have their patina and toning. Secondly, store the coins somewhere clean, dry, and smoke-free, with a moderate temperature (coins like the same temperatures that humans do.) If you can, put them in a safety deposit box at a bank. Sep 05,  · Those who inherit a coin collection also should avoid excess fees that can be charged by attorneys and certified appraisers. In most cases, neither of these can be trusted for expert advice on the value of rare coins. They also are very expensive, and you probably can do just as well by receiving multiple offers from reputable rare coins dealers.

How can I be sure to get full value if we decide to wwhat It is amazing how often I cllection this email so a general answer might help everyone: Most small family coin collections are not rare.

The coins were cillection pulled from circulation or purchased from the local coin shops that were common 30 or 40 years ago. This information could come from original flips the old coin collcetion or receipts and notes.

These records are important because if Dad were dealing with Harvey Stack of New York for example, a ot East Coast dealer and recognized numismatic figure of the time, what to do with coin collection chances of having a valuable coin in your hand increases tremendously. This is important because during this time there were few rarities still how does a washer work without an agitator circulation.

So by inference if he did not pay a big premium he must have just saved what came his way so the chances of having the key dates are smaller. This is not to say the collection is not valuable, it could be, but chances are its value comes from how to get into nursing without qualifications silver and gold content, not its collectable value.

Lay out the collection and see if you can match your coins to the examples shown in the book by date and what to do with coin collection mark. There is a lot more to it but this step will give you a sense of what is valuable and what is not. This is important because while I believe there are collevtion honest dealers than not, you could run into the wrong person and get killed this is trade talk for selling your valuable coins for much less than they are worth.

While all of this may sound daunting it can be a lot of fun collectiom if you need help call me for a fast answer or email RSchwary aol. The Mint struck 24 at the time and only about half are accounted for…the price tag for one of these in excellent condition will be over a million dollars!

Unless you need the money why not put them into a fireproof lock box and hoard them? If all else fails I will take your old coins off your hands for free :. I like your advice as it sounds more sensible than the sales pitches on line, I am going to sell some of my collection. Appreciate some advice. Have been what to do with coin collection Proof sets for years and now is the time to move them.

They are from to present. Too many times an inherited collection might just turn out to be tto accumulation — meaning less valuable coins in lower grades. My grandmothers collection she kept in a bank what to do with coin collection box for over 50 years turned out to be such. An uncle and I divided everything up, he of course, getting the gold. Wish she picked up a Red Book! But the coins sentimental value still collectiin. My wife coinn what I would call a huge coin collection from her father.

We spent many hours going thru coins, grading and what are some interesting facts about solar energy his grading.

We put each coin in a slip pocket and put them in notebooks. We also created spreadsheets. No takers. If the collection is too large, we may have to reconsider. Any suggestions on how to process? Wjth are spots for 11 coins and they are all there. I also have the original plastic display sleeve it came in. Any ideas on how I can research this further? Your coin board is most likely a promotional item from this company, who produced a wide variety of promotional items over the years — many of which are collectible.

My email is blessedcroy2 gmail. We have saved, purchased, searched out and gathered a very large collection of coins over the go 18 years. Could you advise me on how to go about selling coplection.

Lots of silver, some very beautiful coins, hundreds of sets, many unopened rolls. I have some rare …. And quarters and half dollars coins how much would they be worth willing to sell. Save my name, email, and website in this browser for the next time I comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed. Sign in. Forgot wjth password? Get help. Woth recovery. Share on Facebook. Coins Currently Available on eBay [wpebayads]. Coin Collecting Strategies: Cherry Picking. United States Jefferson Nickel. Cheers, Hubert Walker.

Build Your Collection

The first step in saving your coin collection is to ensure that it is appropriately housed in a coin holder, coin album or coin folder. In addition to protecting your coins from physical damage, coin albums and folders help you organize your collection by giving you a hole to place your coin inside the album. Aug 21,  · Another way to organize and inventory your coin collection, especially if you are a wizard with Excel, is to create a simple spreadsheet that will meet your needs. You can add lines and columns, or delete lines and columns. You can sort, calculate and track every coin in your collection. There are many free templates on online to get you started/5(64). Jul 31,  · Lay out the collection and see if you can match your coins to the examples shown in the book by date and mint mark. There is a lot more to it but this step will .

Coin collections have a profound and rich history, and to preserve that history you need to store your coins so they will not get damaged. Properly stored coins will be worth more and will provide more money to your heirs when it comes time to sell them.

Mints make coins out of metal, and except for gold, most will react negatively with a variety of different environmental factors. Some of the most common metals used in coins are copper and silver. These metals are also some of the most chemically reactive metals.

If you know what the enemy is, you can create a defense plan to protect your collection. Although most metal is usually a durable substance, there is a variety of factors that can negatively impact the condition of your coins.

Many coin collectors put their coins away for a long period of time without ever checking on them. Regularly checking on the condition of your coins in storage is one of the best ways to stop the damage before it starts. Humidity is a coin's biggest enemy. Copper and silver coins are one of the most common metals used in the production of coins. Unfortunately, these two metals will react chemically when they come in contact with water.

Water vapor is all around us in varying degrees and it can seep into just about anything. Unfortunately, this is one of the hardest environmental causes of damage to coins to prevent. Some companies market coin holders as "airtight," but they are not guaranteed to be airtight. Heat, by itself, does not necessarily damage coins. But heat does reduce the time it takes for a coin to get damaged by other environmental factors such as humidity, acids, and air pollution.

At the other extreme, cold can also damage the delicate surface of uncirculated coins when moisture condenses into liquid water that will deposit itself onto the surface of the coin. Acids come from a variety of sources. The most common source of acid is found in coin collecting supplies that are made out of standard paper and cardboard where acid was used in the manufacturing process.

Over time these acids will leach out of the paper or cardboard and cause toning and tarnish especially on copper and silver coins. Adhesives used in the packaging can also emit acids. Another source of acid is wood furniture and everyday household materials such as cleaning solutions and vapors emitted from cooking.

Avoid storing your coin collection in a closet where cleaning supplies or other chemicals are stored. Chlorine causes a chemical reaction that will negatively impact the appearance of your coins. This can range from minor unsightly toning to corrosion that causes pits in the surface of the coin. One of the main sources of this is flips made from plastic that contains PVC polyvinyl chloride. Additionally, vapors from a hot tub or pool can seep into the area where you store your coin collection.

Not only is air pollution harmful to our health, but it is also detrimental to the health of our coin collections. Air pollution is mostly a problem in dense urban areas where air pollution from vehicles can accumulate as smog and penetrate the surrounding buildings. Over the years steps have been taken to reduce the number of harmful gases that vehicles emit, but they can still exist in sufficient quantity to damage a coin.

Avoid storing your coins in an area that is near a garage or storage area that contains petroleum products. Improper handling causes the most preventable type of damage to coins. Touching a coin directly with your fingers can leave deposits of acids and oils that will damage the surface. Also, dropping a coin onto a hard surface can cause irreparable damage that will reduce the coin's value. You should always follow safe coin handling techniques. This includes handling your coins with soft cotton gloves or nitrile gloves.

Always handle your coins over a soft pad or towel. However, you can choose the right environment and coin supplies to protect your coins against the possible damage that awaits them while they are in storage.

Storing your collection in a box, jar or just tossed into a dresser drawer will cause significant damage to your coins. The first step in saving your coin collection is to ensure that it is appropriately housed in a coin holder , coin album or coin folder.

In addition to protecting your coins from physical damage, coin albums and folders help you organize your collection by giving you a hole to place your coin inside the album. The folders and albums are labeled with dates, mint marks, and additional information so that your coin collection is simultaneously cataloged. As the old real estate adage goes "location, location, location" is everything.

Where you store your collection is just as important as how you store your collection. Your basic rule of thumb should be, "if the environment is comfortable enough for a person, it will probably be satisfactory for your coins.

Extremes such as a basement cold and humid or attic hot and harsh must be avoided to keep your coin collection in the finest condition possible. A location in a den or bedroom is the best location. Additionally, choose a room away from the kitchen where cooking oils and moisture can quickly permeate your coin holders, folders, and albums.

If you live in a coastal area along the ocean or sea, special precautions must be taken to prevent your coins from getting damaged by the moist and salty environment. Copper coins are the most susceptible to environmental damage from the moisture and salt in the air near shoreline communities. One of the safest places to store your coin collection is in a safe deposit box at a bank.

Unfortunately, this is probably the most expensive solution too. Bank vaults are constructed to keep criminals and fire out. Bank vaults are made of a material that will emit water vapor that will hold down the temperature in the vault in case of fire. Naturally, some water escapes over time. Therefore, this would provide a very humid environment for your collection. The water vapor can be absorbed by placing a silica gel pack inside your safe deposit box.

Remember to change it a couple of times a year to keep it fresh and absorbing as much water vapor as possible. A less expensive option is to purchase a safe for your home or office to store your coin collection. Once you purchase your safe, there is no reoccurring annual fee like a safe deposit box has. Unfortunately, home and office safes are constructed of the same material as bank vaults. You must also use a silica gel pack to absorb the humidity and prevent your coins from getting damaged.

Additionally, you should also invest in a professionally installed alarm system. This will protect your home, your family, and coin collection from various threats. Wooden bookshelves and cabinets can emit harmful chemicals into the environment around your coin collection from the coatings, adhesives and the wood itself as it ages.

Although not as secure as a safe, a locking metal cabinet will provide a safe environment for your collection since it does not have the problems associated with wood.

Be careful where you locate your metal cabinet because metal tends to attract moisture in the form of condensation. Extracting this humidity from the air and placing it on your coins can be very detrimental. Protecting, preserving and storing your coin collection properly will ensure your coins will be enjoyed by generations yet to come. Actively scan device characteristics for identification.

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