Attention all future Numismatic Coin Collectors do you know that coin collecting is both interesting and rewarding. For one thing, it can easily become a good investment with a great payoff. And for another, even if your motive for collecting coins is not purely monetary, the truth still remains that considering their meticulous and beautiful craftsmanship, Gold and Silver Coins are a joy to own.

Owning one is like owning an interesting piece of culture. So any serious collector of Gold and Silver coins sees it as more than just financial investment.

Regardless of your motive for collecting coins however, there are steps you can take to preserve the value of your precious metals—your collection of Gold and Silver coins:

Even Before Storing, make sure that your coins are clean. Even then, be very choosy of what you use to clean your coins. Experts recommend the use of latex gloves along with solvents such as vinegar or lemon juice. And most importantly, no matter what you use in cleaning, clean less often.

Always Protect Your Coins From Moisture. This can generally be achieved by storing them in a locked box or cabinet to prevent exposure to destructive elements. Sealed plastic cases are best for your most valuable coins as these will prevent them from mistakenly being scratched during storage.

Handle Them Around The Edges. Also bear in mind that Gold and Silver coins require special handling. Even barely detectable dirt or sweat from your skin can gradually damage the fine finishing of your coin over a period of time. So will mistakenly dropping them on surfaces.

So while handling, I is recommended that you place a soft cloth beneath the area you are handling your coins, just in case it drops. This will prevent your coin from being scratched.

Invest In Coin Albums. This is perhaps the best way of protecting your coins from dust as well as from friction. And try and buy the albums made only for coin storage—not just any album. Otherwise the inner surfaces could still leave fine scratches on your gold or silver coins. And over time these friction can constitute significant wear and tear on your collection.

Avoid The Temptation To Constantly Clean Your Coin—as if glitter determines the value. The truth is that despite your best efforts, occasional exposure to air will still cause your precious metals to oxidize, and thus change color (they are metals after all!). Avoid the temptation to rub and clean each time this happens.

Avoid cleaning your coins as much as possible because cleaning will gradually damage the finish. Experience shows that most coin collectors find a coin’s original appearance preferable—even if the color has been altered somewhat.

Even wiping your coins with soft cloth (if done too often) will gradually cause small scratches that may not be visible to the naked eye. So generally, your coin collectible coins actually have greater value if you avoid handling them too frequently.

As a coin collector, maintaining your collectible coins should be a top priority to you. after all, what the purpose of collecting coins if the traits that made them attractive yesterday are gone too soon due to poor handling. Obviously the last thing you want to do is to knowingly or unknowingly devalue your collection. If you are guided by tips discussed here, that may never happen to your coins.

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Grading coins is one skill that every collector must possess. It doesn’t matter whether you want to appraise those U.S. coins you’ve just collected, or you want to buy ancient coins from a dealer, understanding how coins are graded is essential.

More than anything else, the condition of a coin is what determines its value. In turn, coin values are primarily determined by their grades. This suggests that when you’re considering buying a coin, you should know how to accurately grade it, to ensure that the price you’re getting from a dealer is a fair one for the coin grade and issue.

This consideration also applies when you are selling; knowing your coin grade helps you tell if the dealer is offering a fair price for your coin.

Coin grading is the process of determining the condition of a coin, its state of preservation or the amount of wear and tear the coin has undergone.

There are three main areas that are often considered when grading a coin: (1) The quality of coin die and any striking characteristics (2) Condition and characteristics of the coin Amount and type of wear and damage (if any), (3) and the overall eye appeal of the coin.

For most circulated coins, however, the third item above is often the primary focus of coin grading efforts—i.e. how much wear the coin has experienced and the type of damage it has suffered, such as scrapes, dents, and dings.

Meanwhile the most frequently used scale for coin grading in recent times is called the SHELDON SCALE. It comprises of a points-scale which ranges from 1 to 70. In addition, this grading method includes an adjective (often abbreviated) which is appended to each scale for clarity.

Thus, combining both features (numeric figures and descriptive terms), it’s common to see coin grades stated as VF-20, which stands for “Very Fine 20”, or EF-45, meaning “Extremely Fine 45”, also MS-60, for “Mint state 60”.

But to successfully use this, or for that matter, any other scale, you must also understand how the grading scales work. This happens to be the most frequently misunderstood aspect of coin grading. But it need not be. Simply think of ALL your collected coins as belonging to either of three “buckets,” or categories.

The first “bucket” is for coins that have fully circulated (denoted as C). The second bucket is for those coins that are categorized as About Uncirculated (denoted as AU). Then the third bucket is for coins that are absolutely Uncirculated, still in their mint state, and appropriately denoted by the initials MS (meaning Mint State). The MS coins are on a separate scale, which ranges from MS-60 to MS-70, 60 being the bottom grade.

Similarly, the AU coins (About Uncirculated) starts at 50 and runs through 59. Bear in mind though that AU coins might never have actually been used in real commercial transactions. But because they’ve acquired some marks and a few rough edges as a result of repeated runs at coin-counting machines and similar handlings, they are no longer considered as mint state coins.

Therefore, one of the most important tasks before you as you set out to grade your coins is to determine, first, which bucket the coins belong: is it Mint State (MS), About Uncirculated (AU), or the fully circulated (C) category? Your ability to determine that will give you a fair idea about what your coins are truly worth.

Are you into coin collecting? If so then you should take the time to learn the essentials of coin grading. It’s not all that difficult, really. More importantly, it could protect you against fraud.

Buying Gold and Silver Coins right now could be the best decision you ever make during this economic meltdown. There is a huge economic storm that is coming to a breaking point, and people holding on to dollar related assets are going to suffer the loss of financial security.

There is a lot of talk out there about a recovery in the economy. Let me just say one thing for sure. There is NO recovery! Just look around you and see the jobless rate.

In my opinion Gold and Silver coins are what you need to be holding right now, because Gold and Silver are an important hedge against inflation. If you would like to learn more about collecting and buying Gold and Silver Coins CLICK HERE!

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Throughout history, people have always engaged in different activities that they consider as pastime. It is interesting to note that the same activities that serve as serious, money-yielding professions for some persons are at the same time approached by others as a form of hobby—with equal zeal and passion!

Thus we have professional football players and those who engage in it as hobbies, same goes for basketball, the playing of musical instruments, golf, etc.

When people see Coin Collecting as a form of hobby, it means that they find that activity pleasurable and they thereby spend their time collecting different kinds of coins. They may occasionally cash in on their past-time, but what it means is that they do not engage in it primarily for financial gains—the monetary value of the coins they are collecting.

When the primary focus of coin collecting is the monetary value of the coins rather than the gratification of an individual’s curiosity, then it is no longer deemed a hobby but an investment.

The History of Coin Collectiing: Collecting and hoarding coins due to their current or anticipated financial value dates back nearly two thousand years. History tells us that the main reason earlier generations collected coins was solely for the value that those coins would someday attain.

But coin collecting as art pieces—hobby—is a much later development. In fact this pastime was originally referred to as “the hobby of kings” because ancient coins were so valuable and rare that only kings were capable of collecting them and keeping them as mere ornaments.

Fortunately, you don’t have to be a king (or queen) today to engage in this pastime. Indeed, coin collection is longer limited to people who are relatively well-off. Anyone can now consider coin collecting as their hobby.

As a result, the popularity of coin collection has continued to soar since more and more people now collect coins as hobbies. That is why its tag has now changed from “THE HOBBY OF KINGS” to “THE KING OF HOBBIES”!

Why So Popular? Numismatics (the professional name for coin collecting) is now considered one of the fastest growing hobbies. This is mainly due to the ease of access to coins these days—both old and new.

Imagine what quantities of coins have been made available by the introduction of the EURO over a decade ago. Scores of western and Eastern European currencies literally became candidates for Numismatics—especially the coins.

And since the value attached to coins (financial or otherwise) increases with its age and rarity, you can bet that a few decades or a few millenniums from now (if we live that long) those readily available assortment of coins from different parts of Europe today will one day become priceless articles.

Thats not to say that coin collecting should only target rested currencies. No. Anyone who wants to start coin collection can start at any time, anywhere, and with any currency—new or old. Some people actually start their coin collecting with the very ones in their pockets—their change.

This phase is referred to as the “accumulator” stage since the coin collector tries to accumulate as many coins as they can, starting with the little changes the get when they make minor purchases.

But whether it’s for fun or for the purpose of making money, the collector can always get better at it by visiting coin collecting websites, where valuable tips are available for free. Are you ready to start the hobby? Remember Coin Collecting is the Hobby Of Kings!

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