6 Coin Collectors Types – How They Collect Coins
The hobby of coin collection can be enjoyed persons of all age group. As a hobby, it has been there since the 1800's, though it became widespread only during the 1900's. People collect coins for a variety of reasons: right from those who are interested in coins purely for the personal satisfaction to those whose motto is only making money through their collection. We are describing the following broad categories here:
1. Professional coin collectors: These are the individuals collecting coins with aim of making profits sometimes in the future. Most of the time they are quite informed individuals who can evaluate the value of the coins by examining their conditions. They have the skills to separate a precious coin from a lot of ordinary coins.
2. Investors: They collect coins purely as an investment. They are on the look out for rare types of coins. One can, of course, find coins of high value -- coins that are older, limited edition coins, out of circulation coins, and rare types of coins accidentally, but it is difficult to count on chance discoveries for collection. So they often buy these coins from any one who is willing to sell, particularly from the professional coin dealers. An investor coin collector differs from a professional coin collector largely in the degree of expertise.
3. Coin dealers: Although it is highly debatable, but coin dealers also form a separate category of coin collectors. They are always on the look out for rare types of valuable coins. They normally don't hold their coins for long as compared to other coin collectors who are trying to build a collection over a period of time. Most coin dealers would like to have a fast turn around -- they sell them as fast as they can to make quick profits.
4. Hobbyists: These are people Buy cheap Cialis who collect coins solely for personal fulfillment and pleasure. Hobbyist normally a broader vision behind their hobby -- they love the coins, are interested in knowing their histories, etc. Quite frequently, hobbyists donate their coin collection to history museums or other organizations. And sometimes their collection passes on to the next generation and so on. While hobbyists start collecting coins only for fulfilling their personal interest, sometimes later on they begin to make profits.
5. Inheritor coin collectors: There are people who did not start collecting coins themselves but inherited the collection from past generation(s). Generally, the inheritors just keep the coin collection; they treasure it but do nothing, and it gets passed on to the further next generation. Sometimes the inheritor becomes interested in the collection and grows it further.
6. Hoarder: These are individuals who just keep whatever coins they come across. Some are simply afraid of losing a valuable coin if not stored. They are neither profit makers nor do they collect for sake of love for coins -- they are just hoarders. Many hoarders may turn around, examine and evaluate their collection for its value, others are not normally concerned about doing so.
Well, these are the noramlly known categories of coin collectors -- on the one extreme is the professional coin collector who is an expert, and on other, the horder who merely hoards the coins.You can figure out for yourself, which category you belong to.
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 1865 2 Cent Piece AU You Judge Very nice coin  US $41.00
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 NGC Lot of Two Barber Quarter and Flying Eagle Cent NR US $27.00
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 1864 TWO CENT PIECE US $4.03
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It really depends on what type of coins you are doing. If you are collecting a coin series (all nickels for example) I would suggest either a coin album or a coin folder The albums usually cost more but usually keep the coins in better condition.
If you are doing individual coins I would suggest putting them in 2×2s and then in plastic sheets (like the ones used for collectors cards but smaller) For indidual coins you could also place them in air tight containers
For more information about how to store coins read this:
Good luck!
P.S. You should not clean your coins. Most coin collectors see cleaning a coin as the equivalent of stripping down antique furniture and refinishing it.
When cleaning, the surface metal of the coin is often stripped. Anything used to scrub the coin will leave scratches (even 100% pure silk will leave hairline scratches). Most cleaning products will have some type of reaction with the coin's metal and the surface metal can also be removed in this manner.
Your best bet is to leave the coins alone. Cleaning the coina will leave traces – which can be found by the knowledgeable collector – who in turn will not buy the cleaned coin. Also if you ever wanted to send your coin into a grading company, they can recognize signs of cleaning and will send your coin back in a "cleaned" slab (also called a "body bag" in the coin world) – which is usually a greatly decreased value.
If you absolutely must must must clean your coina do not use the method described above as it will react with the metal in your coin. Use 100% acetone (do not use fingernail polish remover!). It must be 100% pure because other additives will react with the coin metal. Place your coin(s) in the solution for several minutes (do not leave in for long periods of time). Rinse your coin(s) in distilled water. Next remove your coins and either pat dry with a soft cloth or allow the coin to air dry (air drying is better as you don't risk scratching the coin with the cloth). NEVER scrub your coins!
I would still advise you to leave your coins as they are. They may not be bright and shiny but that is what most collectors prefer.
Ancient Coin Collectors Seek Judicial Review of Controversial Decisions to Bar Coin Imports: GAINESVILLE, Mo., Feb…
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- For my coin collector friends; found a 1944 quarter in my Envoy.
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