If you are a numismatics enthusiast or if you enjoy learning about the history of different cultures and countries, starting a rare coin collection could be the perfect hobby for you. There are many beneficial aspects of starting a rare coin collection. For one thing, it is extremely fun and fulfilling. You get to meet many new people that share your passion for bullion and coins. Secondly, a coin collection can easily be transformed from a simple pastime into a lucrative business. This is because the rare coin outlook is able to stay strong even while paper currency is losing its value.
If you become a rare coin collector, you know the importance of taking good care of your coins. This is because a coin can easily lose a lot of its worth if it has scuffs or scrapes, as well as loses its luster. Knowing how to properly care for your coins, including storing and handling them, are crucial when it comes to maintaining the value of your coin collection for years to come.
When you handle your rare coins, be sure to always use cotton or polyethylene gloves so that you can protect the coins from the natural acids and oils found on your skin, which can lead to corrosion. You need to also hold the coins by the edges so that you do not dull their luster or scuff the images and scripts found on the coins.
Storing your coins properly is very critical so that they are preserved and safe from theft. You can keep them in a personal safe in your home or a safety deposit box at your local bank. Avoid storing them in PVC storage cases or wooden cabinets because these types of containers can lead to your coins corroding.
If you choose to store rare coins in your home instead of in a bank, you should keep them in a controlled environment with constant and moderate temperatures and low humidity so that the coins do not rust or corrode.
You can also place your coins in individual holders that are made with mylar. These individual containers, also known as flips, are available in all types of shapes and sizes for all kinds of rare coins.
Cleaning your rare coins regularly is not recommended as most rare coins can tarnish, which only increases their value. But if you must clean your coins because they were exposed to dirt or other contaminants, use warm and distilled water in a clean bowl, as well as mild dish soap. Tap water contains chlorine which can corrode your coins and lower their value. Use gloves while throughout the entire cleaning process so that you do not spread your natural oils and acids onto the already clean coins. Scrub the coins gently with a soft toothbrush to remove the dirt, debris and other crud.
After all of the dirt is removed from the rare coin’s surface, allow them to soak in the bowl of warm water for 10 to 20 minutes. Rinse the coins thoroughly.
To degrease your coins, lightly rub a cotton swap over them that was been dipped into acetone and place them apart from one another on a clean paper towel so that they can air dry.
It is important to properly care for your coins so that you can maintain their value for years to come. By storing them, cleaning them and handling them properly you will be able to enjoy your high quality rare coins for years and years to come.