Coin Collecting

Coin Collecting Basics: Your Own Coin Collecting Kit


Coin collecting is not as simple as keeping coins: it may be observed from numismatists or even coin enthusiasts that it is a systematic and somewhat complicated hobby. Certain tools must be employed to ensure both fun, discipline and to some extent, good profit.

Here are some of the essential things that must be included in the coin collecting kit.

1. Coin Guides

Coin guides should be used, not just by beginners, but by professional coin collectors as well.

Coin guides give tips on how to start, as well as special instructions on how to proceed with the hobby of coin collecting.

They also provide information on coins, since different coins have different ways of grading, pricing, etc.

It is recommended you read guides before doing starting the hobby to avoid making wrong decisions caused by lack of information.

2. Coin Inventory Record

All items in your collection must be accounted for properly. Information like year, face value, grade, cost, trend, and remarks must always be available for reference.

Inventory Records also help in organizing coin collections. It eliminates the redundancy of coins in the collection by showing the collectors at a glance the items in his collection.

Coin collectors do have options in the method to be used in recording coin information. They may choose the traditional paper-and-pen method, or may use coin collecting software.

3. Coin Containers

To avoid damaging the coins, it is recommended to invest in holders and containers that will give adequate protection.

Just remember that coins react to certain chemicals such as sulfur present in paper and PVC from plastic it is not advisable to use such materials for long-term storage.

4. Silica Gel

The use of silica gel packets is important to maintain the moderate temperature, low humidity atmosphere conducive to coin preservation.

5. Magnifying Glass

Magnifying glasses are a great help when it comes to coin grading. Most numismatists recommend using a 7x magnification, but generally, magnification between 4x to10x will do the job.

The magnifying glass is a great aid in examining the quality and authenticity of the coins. Details like hairlines or scratches, which are not visible to the naked eye, are ďbig dealsĒ when it comes to coin collecting as they affect the value of coins.

6. Lamp

A light source must be placed half a meter away from the workspace. Recommended light for this purpose may be a halogen lamp, or simply a 75-watt incandescent lamp.

7. Handling equipment

Finger marks reduce the grade of the coins. That is why serious collectors invest in surgical gloves and velvet pads to use when handling coins.

Now our basic coin collecting kit is complete. Enjoy!

Articles compliments of skaDoogle

Browse Our Information Mall

Coin Collecting


Other Interesting Articles

Even Coins Get Grades

Coin grading is the process of attempting to determine a coins value. It provides a basis for both buyers and sellers when deciding on the quality of a coin and itís market v... [Read more]

Why Is A Coin Grading Service Important?

Coin collecting has been a very popular hobby to many people of all ages. The marketing of coins has expanded widely and because of this wide the market prices of coins has varied immen... [Read more]

Starting Your Collection

Collecting coins as a hobby is fun and easy. You just look through your change everyday and pick out the ones that interest you. Or the ones that are different or un... [Read more]

Is It Safe To Sell Coins To A Dealer?

Coin collecting can be a lot of fun. This hobby which dates back to 2500 BC is much larger now since people are now able to collect currencies from other count... [Read more]

Gold Coin Collecting

Coin collecting is something that dates back to the when coins were first issued for trade. It was only in the Middle Ages that people turned this into a hobby because of the art work and the historical v... [Read more]


 Watch Videos on "Collecting"


BBC News

Old £1 coin deadline looms but round pounds still given in change
BBC News
Shoppers have expressed their annoyance at receiving old £1 coins in change, a week before businesses can refuse to accept them. From 16 October, the round £1 coin will no longer be legal tender as it is fully replaced by the 12-sided version.
Britain Has Until Sunday to Spend its Old Pound CoinsBloomberg
You only have one more week to spend the old £1 coinsBusiness Insider
Shops to ignore pound coin deadlineThe Guardian
The Epoch Times¬-CoinWeek
all 115 news articles¬¬...


Telegraph.co.uk

Pound coin chaos as parking machines and shops fail to meet Royal Mint deadline
Telegraph.co.uk
The withdrawal of the old £1 coin was mired in chaos on Monday after it emerged that thousands of parking ticket machines and shops have yet to fall into line with the new rules. Car parks serving as many as one million motorists a day have defied the ...
Are you still using the old pound coin? Share your stories and picturesThe Guardian
With Britain's new one-pound coins circulating since March, here's what to do with old onesCoin World
The shops still accepting your round £1 coinsiNews
Evening Standard¬-Gizmodo UK (blog)¬-Express.co.uk
all 21 news articles¬¬...


BBC News

Where can you spend your old pound coins?
BBC News
... with the Royal Mint estimating there are £500m of old-style coins still in circulation. The bad news is that after Sunday, the old pound coins can't be spent any more because they've been replaced with shinier, newer ones, which are harder to copy ...
Old £1 coins: don't get short-changed after Sunday's switchover ...The Guardian
Thousands of shops to let customers pay using old £1 coin until Christmas - as midnight deadline loomsTelegraph.co.uk
Old £1 coin deadline arrives on Sunday despite hundreds of millions remaining in circulationThe Independent
Metro¬-This is Money¬-Daily Mail
all 128 news articles¬¬...


CoinWeek

CoinWeek Ancient Coin Series: Ancient Coins Under $100
CoinWeek
The price of an ancient coin, like any other price in an imperfect market economy, is a function of supply and demand, modified by asymmetry of power and knowledge on the parts of the buyer and seller. The price of desirable ancient coins seems to ...


Coin Collecting