You’ve probably seen Whitman coin folders and wondered if that’s something you need to protect your coins or not. You know, those blue folders with the picture of the coin on the front and cardboard with lots of little round holes inside.
Coin Collecting 101
Thinking of starting a coin collection? Or maybe you've inherited someone else's collection and you're not sure what to do with it. Here our coin experts are sharing helpful resources to point you in the right direction when you don't know much about U.S. coins and their values. See what to watch out for when buying or selling coins, the best coin collecting supplies to start with, and lots of unique tips for collecting coins that you won't find anywhere else.
There are several coin price guides made by different companies, but I mostly use the Red Book and the Black Book. Here are some tips for choosing the right price guide for you coin collection.
Wondering how to clean coins? Have some old coins that are in serious need of a cleaning?… Only low-grade extremely dirty coins will benefit from a good cleaning. Medium- and high-grade coins will actually go down in value if you attempt to clean them, so use your best judgment. Here are the best ways to clean coins, while doing the least damage to the coin itself.
What’s the best way to store coins and keep them safe? Should you use coin holders?… Mylar protectors?… Coin albums?… Coin tubes?… Coin binders?… Air-tight holders?… Coin slabs?… or even Zip-type baggies? Here are some tips for storing the coins in your collection…
Here are some tips and pointers that might come in handy when you’re meeting with a coin dealer for the first time — whether you’re buying or selling coins.
Most coin collectors want to be able to look at their coins in order to determine at least an approximate grade — which will then yield important information about the coin’s worth.
I might as well tell you now that you’re not going to be able to do this if you’re just beginning to collect coins. Being able to grade a coin accurately comes from a lot of experience.
Here’s an overview of how coins are graded…
If you’re interested in getting your children started early in coin collecting I have a few tips and pointers for you. Some ideas as far as which coins might be the best for kids to collect…
What are mint marks? Mintmarks are small letters stamped on U.S. coins that designate where the coin was made. In a lot of cases, where the coin was minted makes the difference between a coin being worth a few dollars and being worth a few hundred dollars!
Coin grade is only ONE of a number of factors that must be determined in order to find the true value of your coin. Here’s how the professionals grade coins… and how to find the grade of your coin. Then, you’ll have a better idea of your coin’s value.
What tools and supplies do you need to start collecting? Here’s a basic guide to the top 5 things you’ll want to have, if you plan to start a coin collection.
Millions of coins are released each year by the mints, so it is no wonder that a few abnormal coins slip by inspection and out into population. These are called error coins. They are highly collectible and usually command a lot higher price than if the coin were struck normally.