10 Tips Every Rare Coin Collector Should Know!

Collecting rare coins is something not everyone is very happy doing. However, those real collectors realize the genuine happiness there is once they finally found the type of coin that they need. This is something that one should be reminded since they are in the coin collecting industry.  So before you exit your garage door in Tucson or Wisconsin, you have to be equipped with the following tips.

    1. DO NOT DEPEND YOUR COLLECTION IF IT IS A GOOD INVETSMENT. COLLECT THEM BECAUSE YOU WANT THEM.

Coin collectors know that some coins increase their value over time. Their monetization can skyrocket any time. Hence, people depend their collection journey on these values and make collection an investment instead. However, this is an unhealthy habit. Focusing on the future value of your coin may complicate you collection. You can miss the fun, education, history and excitement brought by simply collecting the coins you want and disregarding its value in money.

    1. ALWAYS SET A GOAL AND WORK HARD TO REACH IT

When you analyze your collection, you will notice that you seem to have a certain pattern that you are following when collecting. Never miss the opportunity to provide yourself a standard when collecting coins. Put a ceiling to the kind sand types of coins you really want. Achieving your goal or standard can help you be overwhelmed with the coins you have. It can entice you and make you feel satisfied. With this, you will urge yourself to collect more as you want to always feel satisfied with the collections you have.

    1. MAKE DEALERS EARN YOUR TRUST

Dealing with coin merchandisers is something that is really tough to do. Of course, you have to be well-educated with collecting rare coins. The rarer the coin, the limited its information can be. When a certain coin has not yet seen by many, there is a great possibility that nothing much was a written about it. Hence, one of the worst things that can happen is that no one would be able to determine the real value of your coin. If you know the characteristics of your coin by heart, then you can be confident to determine its value. With this, make your dealer trust you. Always educate yourself with the needed information so that you will not have any problem dealing with coin merchandisers. The same goes when you are purchasing. Protect yourself with the well-established and respectable companies who will be there throughout your coin collection journey.

    1. UNDERSTAND HOW DEALERS VALUE YOUR COINS

While some dealers can fool you, always find a way on how you can understand the valuing method used by your dealer. Always make sure that you know how he is grading your coin. If you know his process, then you can understand why is that particular value was given to your coin. Be familiarized with their process so you do not have to ask so many questions. Always remember that there are several factors that might affect the value of your coin. Try to educate yourself more so you can understand how this valuing goes.

Determining the Value of Your Coin

Have you performed general cleaning on the attic lately and accidentally stumbled into a vintage coin. Are you now looking for ways to check how much it is worth? Or are you just simply curious about its origin and how far back it was created?

Regardless, this is a common question asked whenever someone stumbles on something that looks like a rare find. Whether it is an antique jewelry or another piece of vintage finds, many individuals want to be informed so that they could estimate the profit they will receive when they try to resell them. For collectors, however, this may already be the icing on the cake of their collection that they can brag to other collectors.

A coin’s value is dependent on many different factors. Contrary to what many people think, age is not everything. Your coin can be as old as the oldest living creature but still, it can have no value. In fact, there are times when the makeup of the coin matters more. Especially if the coin is made up of rare materials such as real gold and silver, one will find it more valuable than that coin which survived several centuries already. After all, gold and silver speak the language nowadays. It backs up the value of money and can be transformed into expensive accessories such as bracelets, rings, and necklaces.

The rarity of the coin also affects its value. Through the years, hundreds and thousands of coins are made in different places around the world as a medium of exchange. It was used to buy basic necessities that are needed on the daily basis. Aside from this, coins are also made to signify the status of a person especially back in those days where paper notes or bank notes are still non-existent. Coins are made from different types of metal where its value lies. While there are countries which did mass production, there are also those which created a few at a time. In this case, the less the production of the coin during its time, the higher its value. This is because it just means that such coins are coveted especially among collectors around the world.

If you want to determine the value of the coin you stumbled upon, you can simply check it out online. The website is a vast storage of information and almost everything can already be found here. If you do not know the specifics of the coin, the process of looking for the perfect match can take longer. You should pay attention to the details while you are at it because there are coins that although altogether different from each other, can look alike.

Another option is to have the coin appraised by a professional. You can come to a vintage shop and have it checked out, or you can simply approach a coin collector. Men like the latter are extremely knowledgeable of the stuff since they collect such as a hobby. Just make sure to get at least a second opinion especially if they start offering money for it. Who knows, you may fall
into a trap of selling it at a lower value when it’s possible that we can buy houses in Orlando, FL because of it.

How to clean your dirty old coins

Perhaps, if you are a coin collector, one of the hardest challenges you can face is of course, cleaning it. You will never know how dirty an old coin can get especially that they came from different places. The only time that you can get a well-maintained coin is when you purchase it from a seller again. But of course, there are easy ways that can help you clean your collection:

  1. Make warm water run over your coins
  2. holding your coin under warm water will help you remove the initial dirt build up on the surface of the coin. The pressure of the faucet will help you to remove this dirt build up easily. Make sure to hold the coin separately under the running water so the water can hit each coin directly and removing the dirt would be effective. After you are done, dry the coins using a towel.

  3. Put the coin in a soap-water solution
  4. you can soak dirty coins in a solution made of water and soap. The soap can soften the dirt build-up on your coin. When you are done dipping the coin, you can use a brush to brush off the soften dirt. If the buildup is too hard, you can soak it for more hours. Just make sure that the soap you will use does not contain harmful and strong chemicals so that the quality of your coin will not be damaged.

  5. Ask a professional to do the cleaning for you
  6. if you are too careful to your coins, you may choose to ask for a professional to clean them for you. go to the nearest coin cleaning shop. Make sure that you will go to your most trusted service shop. This will calm you down when it comes to damaging your coin.

Keep these cleaning tips in your mid so you would not have to worry about your coins!