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Once you have decided to start a coin collection, the first thing you must do is to buy the supplies you need and learn how to care for and handle the coins you are buying. When you buy the American eagle gold coin, you are buying a valuable piece of history that you want to keep in good condition. The value of your coins will either increase or decrease based on how you take care of them. Use the following information to ensure that you are correctly handling and preserving your gold coin collection.
Handling Your Coins Properly
A common way to damage valuable coins is to handle them improperly. Be careful whom you allow to hold and handle your coins, and ensure that they are always protected. When you do handle your coins, hold them by the edges to avoid transferring the oils and acids from your skin onto the coin. These substances can eat through the metal and eventually erode it. If your coins are in a special holder, it’s best to leave them in the holder when you show them off or handle them.
Buy The Right Supplies
If you are just getting started on a coin collection, you are likely okay to buy a simple coin folder or album to store your coins. For those are more advanced and more invested in their collection, you may choose to buy slabs to hold your coins. The more valuable your coin is, the more protected it should be. You will also want to buy a magnifying glass, the proper lighting source through which to view your coins, informational books, gloves for handling coins and a soft pad on which to work when you handle your coins.
If you are more advanced in your coin collecting and are buying coins that need to have their mint date or weight verified, there are more extensive supplies you may wish to purchase. Some of them include:
•Natural daylight lamp
•High quality digital camera
•Coin cataloging software
Safely Store Your Collection
The first step to protecting your coin collection is making sure that your coins are protected in the best holders and slabs for the coins. The next step is determining where you will store your collection and how you will keep it safe. Some of the major things that can cause damage to coins are:
•Extreme heat or cold
When you pick the safest place to store your coins, make sure you do research on the specific type of coin you are storing and determine the best place to store them that protects them from harmful elements.
Lock Your Coin Collection Up
Once you have finally found the 1 oz gold eagle coin that you have been looking for, the last thing you want is to have it stolen. Now that your coin collection is organized in a folder or an album, you have chosen a room in which to store it, next you must determine how you will protect it in the event of a burglary or robbery. A fireproof safe is a great way to protect your coin collection from both thieves and a fire that could destroy it.
After putting so much time and effort into your coin collection, it’s important to make sure that you understand how to care for it and how to protect it. Do your research to make sure you aren’t wasting money on coins that will be damaged or stolen.