My List
Published on: 27th March 2020
Starting a coin collection is easy, but to develop it into something that becomes a way of life and provides ongoing satisfaction and fascination needs careful thought at the outset. Some collectors enjoy the thrill of the chase, possibly seeking rare artefacts using metal detectors. Others appreciate owning a beautiful piece of craftwork, enjoying its history and rarity.
Finding your area of interest
Weighing up the best approach to compiling a collection should involve research. Attending an auction to see what is available and at what price is a very good start. Some potential collectors start out by buying different types of coin, before finding a specific area of interest.
Beginners will inevitably make a few mistakes, but with experience these will diminish. It is important to think hard before buying any coin, asking yourself if it is a type you like and within your budget.
How do you choose your subject ?
The possibilities are endless for choosing a topic for a collection, but usually fall into one of four categories.
Theme This is probably the most common way to get started. Choose a topic which features on coins and start from there. Sporting events like the Olympic Games, football and military history are the most popular. Other themes are famous people or landmarks, buildings and transport, animals and flowers or imaginary characters.
Historical significance You might be particularly interested in a specific period like the Second World War, or dates around sporting events such as England's World Cup win in 1966. Acquiring every coin issued in a particular year, or coins with different mint marks could be another approach.
Type or denomination Choosing to collect based on face value offers the possibility of acquiring every design ever featured on a penny or a farthing, for example. Or you could collect all the year types or different mint marks
Country of origin Collecting coins about a particular country is a a rewarding way to learn about its history and culture. British coins are always popular but Canadian and American coins offer an insight into period s like the Civil War, the Gold Rush and the Wild West era.
How should I store my coin collection?
Although coins are made from metal, it is important to store them properly to prevent damage. With coins of a lesser value, a coin tray or cabinet will be adequate. As your collection increases in value, it is better to use coin envelopes made from acid-free paper for single coins. Collections can be stored in special air-tight envelopes or albums, preventing oxidation or scratches.
How should I clean my coins ?
Never use abrasive cleaning products or chemicals on coins. In fact, it is best never to attempt to clean coins yourself as you risk damaging it and reducing the value. Always ask a numismatic expert for advise first, or arrange for them to clean coins for you professionally.
Published on: 27th March 2020