Strategies for Cataloging and Organizing Your Coin Collection
Collecting coins is rewarding in multiple ways. It’s a way to invest in a hobby that may grow significantly in value in a short amount of time. It’s also a fun pastime that is reliable and easy for anyone to access. You can get started with just a few basic coins. If you have a coin collection of any size, utilize these smart strategies to optimally catalog and organize it.
Catalog Your Collection As Soon As Possible
Tracking your coin collection is important for a variety of reasons. For one thing, it will empower you to easily assess what you own. Although it may seem unnecessary when starting your collection, you may have trouble keeping track of what you have if you start collection dozens and then hundreds of coins.
When you have a clear written record of what you own, you can avoid getting duplicates. Also, have a meticulously kept record of your collection can also help you determine the value of your entire collection. Although you may not plan to ever part with a single coin in the collection, knowing its worth may be necessary for matters such as insurance or making final plans.
Choose the System That Works Best for You
Once you decide to catalog your collection, determine the method that is easiest for you. If you prefer writing things in a notebook, it’s okay to do it that way. Simply start a notebook and dedicate a page to each coin. On each coin’s page, write down all the details you know about the coin, its history, where you purchased it, what it means to you and why you invested in it.
Don’t leave out personal anecdotes in your notes. Many people make the mistake of thinking that people would only want to know the historic facts and data relevant to each coin’s monetary worth. However, for your own satisfaction and the benefit of your loved ones, recording your personal connection and memories with the coin can be very valuable on a personal level.
If writing things down by hand isn’t for you, you may want to track the coin collection in a basic spreadsheet document where you can track the details of each coin. Alternately, invest in a coin collection software. Most coin collecting and tracking software is relatively inexpensive, and you can easily update your records as you add to the collection.
Gather the Tools for Organizing Your Collection
Beyond keeping meticulous records, organizing your collection is very much a hands-on process. According to the United States Mint, having tools on hand for properly organizing coins is essential. Before you can organize the collection, invest in these tools:
- Cataloging tools – Make sure that you have the notebook or software that was mentioned above. If you decide to use notebooks, always have a blank one on hand for when one of the notebooks gets filled up. That way, you won’t have an excuse to not update your records every time you add a new coin to the collection.
- Cotton gloves – Choose gloves that fit your hands perfectly and always keep a clean pair on hand. Don’t ever handle any coins without wearing them. Otherwise, natural oils on your hands may damage precious coins.
- Magnifying glass or app – Make sure that you have a magnifying took on hand that can help you read tiny writing on small coins. When you are cataloging your coins, it’s important to record all the text that’s on the front and back of the coin.
These are just a few basic tools. Make a list of all the tools that you personally need to optimally handle and enjoy your personal coin collection, then assess the best place to purchase these collection accessories.
Determine the Best System for Storing Your Coins
A major part of organizing your coin collection is choosing a storage system. How your coins are stored will determine how well they’re preserved. You may decide to choose coin envelopes for storing each coin individually. Alternately, you may opt to have albums where you keep all the coins protected separately yet have them all gathered in clearly marked albums.
If you decide to use albums for your coins, be sure that the albums are designed to enable the storage of coins in their original holders. The United State Mint recommends that all modern proof sets be stored in their original cases. Separating them from their original capsules may diminish their worth in the eyes of other collectors.
Are you looking to add some more treasures to your orderly collection? The more coins you have in your collection, the more valuable it may one day be. Shop at Rocky Mountain Coin to choose from thousands of rare and collectible U.S. coins. Reward yourself for your hard work and efforts to get organized. You deserve it!