Protecting, Preserving and Storing Your Coin Collection

Acquiring Coin Supplies and Knowledge Will Protect Your Coins Collection

A variety of coin collecting supplies and equipment.
Safely protect and store your coins for future generations. Image Copyright: © James Bucki

Properly storing and protecting your coin collection will keep it in top condition for generation to come. one of the greatest joys of coin collecting is sharing your collection with other coin collectors, family and friends. Coins are actually pieces of art that tell a story and are intended to internalize them for generations. If you acquire the right tools and supplies you will be able to store your coins and protect them from damage. Follow these guidelines and you will be on the right track...MORE to storing your coins properly and preserving them for future generations.

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    Proper Way To Hold a Coin
    Proper Way To Hold a Coin. Glasgow 2014 Ltd, Sara Templar

    The most common way coins are damaged is by improper handling. Always try to hold a coin by its edges so that the oils and acids of your skin do not come in contact with the faces of the coin. Most commonly, if the coins are in a special holder, for example from the mint or grading service, you should leave them in their holders or capsules and not remove them. Some collectors will remove them from their coin holders because they house their coin collections in special albums or cases. Learn how...MORE to properly handle your coins so that you will not damage them and you will be able to enjoy them for years to come.

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    Coin Folders
    Coin Folders. (c) 2011 James Bucki

    Every coin collector will need several coin collecting supplies in order to properly house their coin collections and enjoy the work that they have accomplished in assembling their coin collections. Depending upon the way you prefer to house and protect your coin collection, will determine the coin supplies you need. This includes coin holders, folders, albums, magnifying glasses, proper lighting, books, gloves and a soft pad to work on. Beginning collectors will only need the basic supplies,...MORE while intermediate and more advanced collectors will require a wider variety of equipment and supplies.

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    Digital Caliper. (c) James Bucki

    As coin collectors become more experienced and advanced, the coin collecting supplies they require will also change. You will move from collecting coins by just date and mint mark into new areas such as die varieties or error coins. In order to verify that a coin is authentic and not a counterfeit, you will have to acquire coin collecting supplies such as a digital scale, a digital caliper, a stereo microscope, a natural daylight lamp, high-quality digital camera and coin cataloging software.

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    (c) James Bucki

    Whether you are just starting in coin collecting or you are an advanced collector that has many years of experience, you may want to house some of your collection in a coin folder or coin album. Both options offer the advantage of organizing your collection into a predefined order. This allows you to quickly see what coins you are missing and need to acquire. Coin folders are inexpensive and great for beginners. Intermediate and advanced collectors will want to invest coin albums that provides...MORE additional protection for their prized coin collections. But, for advanced coin collectors these folders and albums may not provide adequate protection for extremely rare and valuable coins.

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  • 05 of 10
    (c) James Bucki

    Coin holders allow you to store your coins so that they will not be damaged by mishandling or other environmental factors. There are many varieties of coin holders that you can use to organize your collection and each one has advantages and disadvantages. From inexpensive 2 x 2 coin holders to expensive encapsulated coin holders provided by third party grading services, you will be able to find the coin holder that meets your coin collecting needs.

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    (c) James Bucki

    For expensive and rare coins, the only choice that makes logical sense is to protect them using a third party coin grading service’s encapsulation process. Not only do you get the best coin holder that money can buy, but you are guaranteed that the coin is authentic and you have a professional numismatist's opinion as to the coins grade. However, encapsulating your coins are not necessarily limited to extremely valuable coins. A prized coin in your possession that may not be rare or...MORE valuable, but has significant sentimental value may be worth investing in the cost of having the coin encapsulated by a professional third party grading service.

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    a picture of an old attic with toys and boxes
    Storing coins in an attic or basement will ruin your coins. Image Courtesy of: Steven Gottlieb/Corbis Historical/Getty Images

    Putting your coins in coin holders and albums are the first step to ensuring your coins are protected. But where you store your coins is just as important. The major causes of damage to coins (other than mishandling them) are humidity, extreme heat or cold, acids, chlorine and air pollution. By understanding how each of these factors can damage your coins, you will be able to take additional steps in determining where the safest place to store your coins is.

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    (c) Getty Images

    Nobody ever wants to think about their coin collection getting stolen or destroyed. But it's a fact of life that these things do happen. With the proper protection for your coin collection you can minimize the chance that a thief will steal your valuable coin collection or it will get destroyed in a fire. If either of these things happen, you can ease your suffering by having adequate insurance to cover the cost of replacing your prized coin collection.

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  • 09 of 10
    (c) James Bucki

    One of the characteristics that differentiate "coin collectors" from "coin accumulators" is that they are compelled to catalog their coin collections. Keeping a written record in the form of a catalog is an important aspect of coin collecting. If you have an insurance policy to protect your coin collection in case of a loss, a detailed catalog of your collection will be required when you file a claim. Additionally, you will know exactly what coins you have and what coins are...MORE required to complete a particular series in your coin collection.

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    A person touching the surface of a coin with their finger
    Touching the surface of a coin can damage the coin permanently. undefined

    Finally, there are many ways that your coins can get ruined. From touching your coins to improperly storing your coins to experiencing a loss of your coin collection due to fire or theft, the list can be endless. Here are the top seven ways that people end up ruining their coins and sometimes experiencing significant financial loss.