Increasing the Value of Your Rare Coins

Are you planning on selling your collection or purchasing coins for the purpose of reselling them? It is important to know the value of the coins you purchase and the techniques for proper preservation. Doing so helps you get the ideal price for your collection when you decide to sell them.

Increasing the value of your rare coins also gets you a decent profit once you sell them.

How do you increase the value of your collection?

Avoid Cleaning Rare Coins
A rare coin has higher value when you leave it as it is. When you clean it using an abrasive or cleaning detergent, you remove its natural color, reducing its coin value. A rare coin gets hairlines or scratches and will lose its natural luster when you clean it thoroughly. Cleaning it will cost you more than half its uncleaned original value.

Cleaning a coin and selling it to a collector will not get you the value you want. A keen eye will quickly and easily detect the difference between a cleaned and an uncleaned coin.

Cleaned pennies have an unnatural, orange hue and will have blotches or streaks of color. Silver coins have an unusual and uniform grey color when cleaned. Generally, cleaned coins have a uniform reflectivity that they would normally not have.

Store the Coins Properly
Rare coins retain or increase in value when you store them properly. Scratched, marred and blotched coins lower their value that is why it is important to keep them in a holder.

Holders protect your coins from the elements and from falling. There are different kinds of holders such as 2x2 cardboards, plastic and Mylar holders just to name a few. These holders have their pros and cons, and varying price ranges. Look for one that is within your budget and can store your growing collection.

For advanced collectors there are AirTite, binders, tubes and albums. These storage supplies are pricier, but will preserve a larger collection better. AirTite holders are similar to 2x2 plastic holders but are round instead of square.

Get an Appraiser for Your Collection
There are certain coins that do well in auctions while others do not. With the help of an appraiser, you can find the right buyer and auction to get the most of your collection.

They also help you inspect and authenticate rare coins in your collection. You do not want to find yourself in a situation where you try to sell a counterfeit or severely damaged coin to another collector.

These are some of the ways to increase the coin value of your rare collectibles. Collecting coins can be a profitable hobby, only if you know how to store, authenticate and find the right market.