6 Mistakes with Collecting Coins and How to Avoid Them

There are millions of coin collectors all across the world, making it one of the most popular hobbies out there. Whether they focus on particular eras, countries, or just collect whatever they can get their hands on, the coin collecting community is one of the most diverse and interesting hobbyist groups out there.

But if you’re just thinking about starting out, how do you avoid the most common mistakes with collecting coins?

That’s a great question, and you’ve come to the right place to get some great answers. Stay tuned and keep reading to find out how to avoid mistakes with collecting coins!

1. Improper Cleaning

Imagine it: you just picked up a big stack of beautiful new coins. But before you go about storing the coin collections, you want to clean them up as much as you can first.

So you grab a rag and some soap and start scrubbing!

Bad idea! Coins need to be cleaned properly to avoid damaging their finish. If you want your coins to look like new, make sure to look up your specific coin and its particular cleaning regimen.

2. Not Doing Research

The thing about coin collecting is that there are so many coins out there. They all have different values, rarities, and finishes.

And lots of them look very similar.

An incredibly common mistake that loads of newbies make is jumping on a ‘great deal’ only to realize they’ve picked up a load of common and worthless coins (that looked a bit like rarer types). Make sure you do your research before you buy!

3. Obsessing Over Material

Hey, we’d all love some gold doubloons, but focusing too much on particular rare metals can mean you miss better opportunities to collect some real beauties. Make sure to keep an expansive outlook!

4. Improper Storage

Storing coin collections is tough work. You need to be thorough and attentive, and different coins require different kinds of care. Make sure you know how to store the coins you have before you go shoving them in the back of a closet!

5. The Old Isn’t Necessarily Better Than the New

Don’t over-focus on older coins. New coins, like the Canadian maple (check it out here!), can be just as beautiful (and valuable) as some vintage silvers! Don’t limit yourself unnecessarily!

6. Buying From the Wrong Places

Make sure you use reputable dealers when you buy your coins. It can be all too easy to fall prey to scams when you buy from shadier places.

With a Bit of Knowledge, You Can Avoid Mistakes With Collecting Coins

And that concludes our guide to avoiding mistakes with collecting coins! Whether it’s researching, buying, or caring for your coin collections, there’s a lot of potential pitfalls you can slip into when getting into the noble hobby of numismatics.

So make sure you do your research!

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