Thursday, October 14, 2010

How to Store a Coin Collection

Coin collecting has been around as a hobby since at least the Middle Ages. Once known as the 'hobby of kings'--because only kings had the financial resources available to keep coins as works of art instead of for spending--collecting coins is now something anyone with an interest can indulge in. If you have a coin collection or want to start one, one of the first things you should know is how to properly store it.

Difficulty: Easy
Instructions

Things You'll Need:
Cardboard boxes
Paper envelopes
Coin storage albums
Computer
Store Your Coin Collection the Right Way

  1. Use envelopes, jars or boxes for newer and less valuable coins. These coins do not require any special handling or cataloging, so any inexpensive container you have on hand will do for storage purposes.
  2. Find an organizer for coin sets. Sets of coins, such as the state quarter coin series or special issue sets from the U.S. mint, should be kept in folders designed especially for them. While sets ordered directly from the U.S. mint usually come in an organizer, you can buy organizers for specific coin sets at bookstores and hobby shops.
  3. Treat older and more valuable coins right. These coins are more easily damaged and require special handling. Hard plastic folders or containers are best for all but oldest and most delicate coins. The more airtight the container, the better. This will help prevent oxidation, scratching and the other pitfalls of age.
  4. Have your most valuable coins hermetically sealed. This is known as slabbing. While you will not be able to get at the coin easily once it is slabbed (encased in plastic), the coin will be protected from just about any misfortune that could come its way. UNC Coins in Alabama (see Resources below) is one company that offers coin slabbing services.
  5. Keep your coins someplace safe. While it is probably safe to go ahead and display some of your collection, the fact remains that coins are an attractive target for thieves. Keep your collection out of sight of windows and doors and put your most valuable coins under lock and key.

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