Storing And Collecting Rare Coins? What To Know

If you have recently inherited a rare coin collection or you've decided to start collecting coins on your own, you may not know how to care for the coins properly. Caring for the coins is important if you want to maintain the value, and if you want to pass the coins on to other generations or make a profit off the coins at some time. Here are a few different things you'll want to know and consider as your coin collection starts to grow.

Cleaning

Cleaning the coins so they can be displayed properly is going to enhance the appearance of your collection. There are many cleaning products that are designed to be gently on the coins, and it's incredibly important not to clean with a type of brush or fabric that is textured and could do damage to the coins. If you aren't sure what the coin is made of, take it to a coin dealer so you can get the right cleaning solution. You may also want to have the coins professionally cleaned.

Display

Displaying the coins is easy with the many different cases that are available for coins. You can get single cases or large plaques that hold several coins. Make sure that the case you get locks so someone can't break into the case easily, and consider getting lighted cases that shine down to display the coins brightly. There are even cases that are designed like safes for protection.

Insure

Is your coin collection valuable and you worry that some of the items are investment possibilities or irreplaceable? Get the entire appraised and then have the coins insured on your homeowners insurance plan, so they can be replaced if there is a problem later on. If a fire or theft became an issue, you don't want to lose all the coins you've inherited or collected. The company should insure the coins just as they would jewelry.

It doesn't matter if you have decided to use the coins as a craft or hobby project, or if you think the coins are going to help you retire someday in the future, all of these tips are going to help. Talk with your spouse or anyone that lives with you about the rules regarding the coins, to make sure none of them are mishandled and there isn't any confusion about how to take care of them or how to protect each one.