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 “big deals”
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!
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