In the US, a lot of coins that were minted before ’65 have a silver content of around 90%!
There are many reasons to collect coins, from helping you make some money to teaching you about local history.
However, it’s easy to get things wrong when you first start out on your coin collection journey. Avoid these coin collection mistakes and you won’t be disappointed.
1. Always Wear Gloves
If you’re an enthusiastic new coin collector, then you may want to grab hold of your new coin with your bare hands.
But, this will lead to signs of wear. The oil on your hands is no friend of your new coin! Instead, always wear a thin pair of cotton gloves when touching your coins.
Be very delicate and gentle with your coin and do not pinch it, instead hold it by the edge and try not to touch it too often.
2. Always Search for the Right Buyer
You may be tempted to sell your coin to the first person that makes an offer. Although this will bring you a quick buck, it’s certainly not the best option.
Instead of heading to the pawnshop, lookout for a professional coin dealer. Always look for the best person to sell to, rather than the closest!
3. Hire a Professional to Clean Your Coins
You may be tempted to use acid or Coca-Cola to clean your new coin. But, this is a mistake. You should instead always enlist the help of a professional.
By doing so, you can ensure that your investment will not go to waste and that you don’t end up with a coin that is completely ruined.
Although a professional may charge a pretty penny, it’s worth it, trust us. Once your coin is looking on top form, it’s time to learn some challenge coil etiquette!
4. Learn How to Store Your Coins
When you’re new to the coin collecting trade, it’s very easy to make mistakes with how to store your coins properly.
Never store your coins in a drawer or all together in a small box or tin. This will cause a lot of damage to your property.
Furthermore, too hot or cold temperatures, humidity, or air pollution can cause many problems. Search for a coin holder that allows you to clearly date your coins.
5. Always Do Your Research
It can be very easy to get carried away listening to the advice of others. This may lead to impulse decisions and snap purchases.
However, this is a very easy way to lose a lot of money. Before you put down a large wad of cash, do thorough research.
Speak to multiple different people, spend time on relevant websites, and make the decision after a good night’s sleep!
Avoid All of These Coin Collection Mistakes
Are you worried about making coin collection mistakes? The only way you can avoid any blunders is by doing your research before you start collecting.
Buying dedicated books on the subject is a great way to hone your craft and become an expert in the field.
Have you found this article about coin collection mistakes useful? Don’t forget to visit the rest of the website to learn more about coins.