Jul 6 2009

Just What is Coin Grading?

Coin Collection Guide
Just what is coin grading? It is the practice of assessing a coin and assigning it a particular grade. As a collector of coins, you should never entirely trust coin grading services otherwise you could get thoroughly disappointed. Not all coin grading services are equal. They are not standardized, so you will find that there are some grading services that are inferior to others. There are some top coin grader out there, but they are far and between and so aren’t accessible to everyone who might want to solicit their services.

If you are willing and patient enough, you could teach yourself how to grade coins. This isn’t hard if you have the time to dedicate and the will to learn. Some people will learn from beginning to end, but you will find those people who will learn the basics in the beginning, enough for them to get by, and then learn the rest through experience. As I said the grading is not standardized, so there is no common standard that can be used to grade coins. What there are though are some accepted methods of grading, and this depends on some standards. This also means that the grade you assign to a coin depends on the scale used.

After a coin is graded, it carries the value assigned to that grade and different coins can fetch different prices even if they are in the same grade. Coin grading takes into account different factors such as luster, scratches, abrasions, even the wear and tear it has undergone. The unfortunate thing is you can find that your coin has been graded too low or too high, because different people will interpret differently. So you can end up paying too much or getting too little for it when you sell it.



Jun 11 2009

Storing Coins in Coin Albums

Coin Collection Guide
Coin albums might be one of the best ways to store your coins as well as display them.  They keep your coins safe from the elements and dust, as well as save space in your home or wherever you keep your coins. You can further stack the albums in boxes. This also helps provide another layer of protection for your coins.

When you purchase an album to use for display, always make sure that you have bought the correct kind of album for coin display. If you go out and get an album not specifically made for coins, you could be spelling doom for your coins. If you’re one of those people who will remove the coins often from the album, you will slowly scratch the surface of the coins.
As you slide the coin out of the display pockets, you are actually rubbing the coin against the protective covering. As you do this, you are creating fine slide marks on the coin. This is known as coin albums friction or slide marks. The unfortunate thing about these slide marks is that they are so fine, and you will only notice them with time, especially if you’re not the kind of person with a keen eye.

If you can, resist the urge to keep taking your coins out of their albums. This will prevent wear and tear from handling them, and from the fine abrasions caused by coin albums friction. Another alternative is to go out and look for real coin albums with which you will be assured long life for your coins.