5 Tips for Collecting Ancient Coins

Collection of ancient coins has been around since the 1850s. Many people shy away from this activity because it is assumed to be a complicated and mundane task. Most collectors will choose coins that are rare and valuable but there are some who are simply doing it as a hobby. Whether you are a new or seasoned collector, the 5 tips below will help you collect ancient coins and reap the most benefits.

1. Collect for fun, history and satisfaction

Don’t always focus on what’s a good investment. If you consider coin collection a hobby, then collect coins just for the enjoyment and satisfaction that comes with it. You can also go ahead and study the history of the coin. Consider it an educative process and not just for the value that the coin may have.

2. Set goals

Having a set of goals helps to give you direction as to the type of coins you will look for and this will help you to find the perfect coin. It’s never easy to assemble a collection of top-quality coins. There are so many options and none of them is right or wrong. Just focus on what is interesting to you. Whether your goal is to learn about history in the process orto get valuable coins, it’s absolutely up to you.

3. Work with well-established dealers

With the number of fake coins in the market on the rise, you need to be extra careful on where you buy or sell. Always check on the reputation of the dealers before you make any transaction. For instance, you may want to ensure the dealer is a member of the American Numismatic Association.

4. Understand the grading process

When you start collecting us coins, understand how the grading process works. Grading is usually done by a reliable thirdparty or dealer. Factors such as the quality of the luster and toning will affect the way the coin is graded. Silver coins can especially change color with time and this may affect the pricing. Remember that the grading is sometimes not uniform given that it’s done by different service providers.

5. Invest in proper storage

When you start collecting ancient coins, always be aware that the storage is critical if you want to retain the value of your coins. Learn about the different storage options available to you. Look for storage facilities that are acid-free and known to protect the coins from the elements. Search for products that have archival quality to prevent your coins from losing value.

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Created on Sep 11th 2017 02:11. Viewed 424 times.

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