Numismatist : A person who studies and collects coins.
1. Start a coin collection on a small budget. First you must spend a smaller amount. As you develop more interest you can increase your budget.
2. Get a coin folder to collect the coins. It prevents your coins from degrading. It also gives a good impression to the dealers when you take your collection for sale or exchange. Finding a new coin to fill an empty hole involves lot of the fun and excitement.
3. One should always hold coins by placing his thumb and index finger on its rim or edge. A coin should never be held from its observe (Head) & reverse (tail) side. This way a coin will maintain its weight and design.
4. Just like all other investments make sure your coin collection is also safe. Keep it locked at all times as any stranger or visitor can easily keep it in his pocket and sell it to a dealer.
5. Its not necessary that only you have to collect coins for yourself. You should let all your friends, neighbour's, relatives know that you collect coins. So if anyone comes across an unusual type of coin then chances are that he might keep it for you. Develop a good relationship with a local coin dealer and let him know about the kind of coins you are interested in. A coin dealer can advice you about what to collect. If your child starts taking interest in collecting coins then make him join a local coin club. This way he will also attain knowledge about coin collection.
6. Sale of fake coins in the market is an unfortunate reality, but it's easy get the information about fake coins.
7. Coins which are rarer or of key date are the best type for investment. Try to get them in the best of grade for better return. Proof sets are also great for investment.
8. Remember a coin does not have a price tag attached to it. Its value sometimes changes with dealers and even with cities. Best way is to go to few dealers and find out its market value. A dealer usually offers a smaller amount because eventually he will be selling it to a coin collector and he also wants some profit out of the deal. So after knowing the market value try to find a coin collector to whom you can sell your coin for a little extra.
9. For more detailed information try to get numismatic books from the market. Various books are available which contains detailed information about the coins of India and the world. Some books also provide market value of the coins.
1. Start a coin collection on a small budget. First you must spend a smaller amount. As you develop more interest you can increase your budget.
2. Get a coin folder to collect the coins. It prevents your coins from degrading. It also gives a good impression to the dealers when you take your collection for sale or exchange. Finding a new coin to fill an empty hole involves lot of the fun and excitement.
3. One should always hold coins by placing his thumb and index finger on its rim or edge. A coin should never be held from its observe (Head) & reverse (tail) side. This way a coin will maintain its weight and design.
4. Just like all other investments make sure your coin collection is also safe. Keep it locked at all times as any stranger or visitor can easily keep it in his pocket and sell it to a dealer.
5. Its not necessary that only you have to collect coins for yourself. You should let all your friends, neighbour's, relatives know that you collect coins. So if anyone comes across an unusual type of coin then chances are that he might keep it for you. Develop a good relationship with a local coin dealer and let him know about the kind of coins you are interested in. A coin dealer can advice you about what to collect. If your child starts taking interest in collecting coins then make him join a local coin club. This way he will also attain knowledge about coin collection.
6. Sale of fake coins in the market is an unfortunate reality, but it's easy get the information about fake coins.
7. Coins which are rarer or of key date are the best type for investment. Try to get them in the best of grade for better return. Proof sets are also great for investment.
8. Remember a coin does not have a price tag attached to it. Its value sometimes changes with dealers and even with cities. Best way is to go to few dealers and find out its market value. A dealer usually offers a smaller amount because eventually he will be selling it to a coin collector and he also wants some profit out of the deal. So after knowing the market value try to find a coin collector to whom you can sell your coin for a little extra.
9. For more detailed information try to get numismatic books from the market. Various books are available which contains detailed information about the coins of India and the world. Some books also provide market value of the coins.
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