You should always keep your collection safe, whether they are stored in a safety deposit box at your local bank or at home in a private safe or safety box. It is of vital importance if you are leaving your collection at home that you check with your home owners insurance to be sure that it will cover the full replacement cost of your collection if stolen or damaged. If not, then make sure that you find a policy that will cover your collection.
The most important part of your collection should be your storage system and how it works with when you are handling your coins. Of course, less handling is always better, but you will probably want to examine your coins every now and then, but with the right storage system you should have no problem. The majority of any coin holder will protect your collection against normal handling, so it is important how you store your collection.
When handling your coins directly it is always important to use a pair of plain white cotton gloves, which will prevent the chance of transferring any oil from your skin or moisture onto the surfaces of your collection. Disposable cotton gloves are extremely inexpensive and an excellent choice with any collector. However, if you plan to reuse your gloves, then wash them in a very mild detergent, possibly one made for babies, and ensure they are rinsed thoroughly.
To be practical it is of vital importance to first select a storage system before purchasing any coins in order to ensure your investments will remain in their original condition. Your coins also need to be kept in a place that has a moderate, consistent temperature and minimum humidity, plus the right type of storage container. There are a variety of different styles of holders for each grade of coins, which range from plastic baggies for coins that have been circulated to hard plastic capsules for keeping those high quality and valuable coins safe.
The most common type of storage holder consists of two simple squares of mylar-lined cardboard with a window in the center, which is sometimes called a "2x2" in the world of coin collecting. This is a very basic and simple storage unit where your coin is placed between the two halves, which are stapled or glued together to protect your coins from handling. While it is not as secure as a plastic capsule, it is definitely acceptable for most coins.
Flips are made of Mylars, which can be a little stiff but are great for storing your collection. They have two pockets, which are designed for a coin and the other for a label. When inserting or removing a coin from a flip be sure to bow it by pressing the opposite sides inward to avoid scratching the coin. Soft plastic holders are not always the best choice, however, hard plastic holders are available for individual coins and small sets. Any storage container that contains polyvinyl chloride or PVC should be avoided, because this is a chemical that softens plastics and can eventually coat your valuable coins with a sticky green slime that eats through the surface of a coin and ultimately ruins it.
Other storage units that have been used are polyethylene sleeves, which are decent for any short term storage idea. Circulating coins have been known to be stored in paper envelopes, but some envelopes can contain chemicals that cause your coins to change their color over time. Albums, such as foldout albums, can protect your collection from any wear, but not from air borne chemicals that cause color toning. Again, these albums are not an excellent choice for storage over long term of your higher grade coins.
Sonically sealed hard plastic holders for any individual coins, which are also known as slabs, are an expensive process but it is the best thing to use for valuable coins. If you purchase a proof set or a commemorative set, then they should come in their original cases or capsules and this is how they should be stored. These cases and capsules have be specially designed for these particular coins for their safe protection and storage, and should never be removed from them.
50 State Coin Collection
The hobby of coin collecting is unlike any other hobby. It is an entertaining past time that millions of people around the world enjoy. When your collection grows, you start to discover that there is a story behind each and every coin. Special coins can take you on a special tour through the past and provide you with better understanding of our history. Other coins tell you the journey they've been through. But most off all you can enjoy wonderful memories and have a legacy that lasts generations to come.
If you'd like to get into the coin collecting business there are a few things you should know - that's why we've got this list together so you can have an easy start.
1. Which coins you would like to collect? There are many and many different types of coins from all over the world and from different time frames. It's better for you to start by focusing on a theme that interests you most. You can collect coins by years or by countries. You can collect themed coins like coins that depict your hero or a subject you're interested in, like nature or airplanes.
2. Start with collecting coins that are available or in circulation and see if you like it. Collect the State quarters or ask from friends that travel abroad to bring you back some coins. This is an exciting and inexpensive way to start a coin collection.
3. If you see that coin collecting is your calling, start with doing some homework. You can find information online or in various magazines about coins and professional collectors.
4. Get a protective album or book where you can safely store your coin collection. These albums are great when you want to display your collection and they also keep the coins protected.
5. Finish a set before moving on to the next. Once you start a collection, you can get easily tempted to get other coins and different themes. When you finish a set, it makes it easier to have an organized and valuable collection.
6. When your coin collection starts to gain scope and value, you should think about safe storage. Buy or rent a safe because coin collections are the first thing thieves are looking for. If you don't have a safe, make sure that the collection is kept in a well hidden place, and not displayed around the house.
Another benefit of collecting coins is the fact that it can become pretty valuable with time. Try and work with metals that will rise in value like silver and gold but don't go over the top. It takes time for your collection to gain value and in the meanwhile you should know your budget.
If you are looking for more information about coins and coin collections, head on to www.ContinentalMint.com were we help Coin Collectors start and expand their collection with a wide selection of coin sets and collectors' supplies, at the best prices available. At www.ContinentalMint.com we are dedicated to bring you a memorable piece of U.S. history, a professional, knowledgeable Customer Service and discounted prices and shipping rates.
Both Victor Epand & Mark Etinger are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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