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Coin Collecting Guide To Start Your Collection

Coin Collecting Guide

By Vishesh GargPublished 3 years ago 3 min read
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Coin collecting is a hobby for generations. There are endless types of exciting coins such as Rare coins, Gold coins, Foreign coins, and Ancient coins that you can collect. There are many reasons to start collecting coins such as Some people collect coins as a financial investment because there is a possibility that the value of coins will increase over time, and then some collect for only entertainment purposes. If you want to start collecting coins and wondering where to begin then, Here, in this blog, we are going to discuss a complete guide of coin collecting and the items required to start a numismatic collection.






Gloves

Most coins are delicate and valuable and therefore should be treated with extra care. If you find a coin in exquisite condition then you have to ensure that it stays that way. Wearing white cotton gloves will protect the integrity of the coin because Oils and dirt from your fingers can damage coins.






Magnifying Glass

When you deepen your understanding of the intricacies of each coin, you will get to know why you need a magnifying glass. Things like slight imperfections, irregularities, and damages can appear clear underneath a magnifying glass. Of course, you want to make sure that each coin you buy is up to the standard you want in a coin.






You cannot just randomly collect coins because they usually have a specific type or minting date. You can collect according to their design, metal, coin type, time or period, and country. Also, some people like to collect coins that have flaws and imperfections. These coins are rare and are hard to find.






Where To Buy Coins

You can buy them from almost anywhere in the world, from local stores to large online retailers. Nowadays, due to the development of the online selling space, more people are able to quickly buy coins.






How To Determine A Coin's Value

There are a lot of factors that go into what a coin is worth like its Face value, Intrinsic value, Rarity, and Grade. The face value is what it would be worth if used as currency. An intrinsic value is based on the pure metal content in the coin. Rarity helps to increase the worth of a coin and grade refers to the condition it’s in.






How To Store Your Coin

Your coins are rare and valuable therefore you want to take good care of them as treasures. You can store your coins in an album or folder. You can try specialized books that have slots that are created specifically for holding coins and as well as keeping them free from dust and other outside contaminants. To display, books are easily stored on a shelf so people visiting your house can enjoy your collection. You can try cases too. They are a more heavy-duty way to store your coins. Some of them are airtight and help to preserve the coins so there is no chance of anyone touching the coin.






What Coins To Start With

If you’re still wondering where to begin then here are a few basic coins for you to get started. "China 30 Gram Silver Panda" is minted in China and features an adorable panda on the front. They are minted each year and you can collect one coin from each year. "$20 Saint-Gaudens Double Eagle Pre-1933" is a gold coin that was minted before 1933. It is a key part of American History therefore a popular item for collectors to buy. "Canadian Gold Maple Leaf" is some of the most exquisite in the world. "1964 Kennedy Silver Half Dollars", you can forget to collect silver coins because they are more affordable than gold ones.



If you wish to buy coins and items required to collect them, don’t forget to visit TrueGether, the best alternative to Shopify.

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