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Protecting the Value of Your Coin Collection
Coin collectors are passionate about
one thing: the value of their coins. To maintain the
value requires a collector to follow some specific guidelines
when handling or cleaning their coins.
It is important to realize that value
is not determined by age alone. While age and rarity
are important factors when determining the value of
a coin there are other factors that affect the coin's
value in the eyes of a collector. Market value is as
much a determination of demand as any other factor.
If you have an 'in demand' coin you may wish to consider
selling your investment. To get the most value for your
coins you should be aware of how to protect their value.
Part of the valuing process of a coin
depends on its grade. The grading of a coin is based
on the condition and value can vary greatly depending
on the grade. The highest grade is an uncirculated coin
- in 'mint' condition. Coins are subject to down grading
by the smallest scratches, fingerprints and discolorations
so learning how to protect your coins will also protect
their value. Here is a brief guide to handling you coins
correctly.
HANDLING COINS
Whenever possible avoid handling collectable
coins. Dust, scratches, fingerprints and moisture will
affect the quality of your coins and depreciate their
value.
If you must handle your collectable
coins you should try to hold them only on the edges,
especially with mint condition coins. Whenever you handle
another collector's coins be sure to pick them up by
the edges only.
If you are not returning the coin to
its holder and must put it down, the best place would
be a piece of velvet. For lower grade coins you may
choose any soft fabric or clean paper. Avoid holding
the coin too close to your mouth since small particles
of moisture may adhere to it and create corrosion.
CLEANING COINS
Cleaning collectable coins is not advisable.
If necessary it is best left to an expert. In fact,
the patina developed on a coin over time may actually
be a desirable quality to collectors and a cleaned coin
could actually decrease it's potential value.
STORING COINS
Most holders provide adequate protection
for collections but you will want to be sure that your
most valuable coins are protected not only from fingerprints
and dust, but also moisture.
Typical stapled or taped packets do
not provide the optimum amount of protection, however
there are other protectors available that can also protect
against moisture. In any case, it is best to store coins
in a dry place; never store them in a basement or other
cool, damp area.
You can then place your coins in a folder
which makes it convenient to view and show your coins
without unnecessary handling. Protecting your coins
from the beginning is important in maintaining their
value in the future.
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