39% of men and 24% of women think their collections will be worth a considerable amount of money. 59% admit they love the product regardless of its value.
Coins collection is the most common type. The problem is that they’re vulnerable to damage, and poor organization makes it hard to find the best ones.
Read on to learn the best methods of cataloging and storing your coins.
Table of Contents
Cataloging Methods
Being able to keep your coins organized is essential whether you’re trying to sell them or just want to find one to admire it. Four of the most popular methods for organizing coins are documentation, spreadsheets, acquisition checklists, and coin-specific software.
Documentation
Documenting your entire coin collection helps you track what you have and what you want to purchase. You’ll need a large 3-ring binder, an inventory log, and a pen or pencil to note details.
You can sort them based on factors such as:
Year
Country
Mintmark
Denomination
Grade
Quantity
Purchase or sale price
Date of sell
Date of sale
You can also leave notes about any changes in the coin’s value, but make sure to keep them up to date.
Acquisition checklists
This is one of the best organizational methods for collectors looking for specific or rare coins. It catalogs what you have and helps you plan what you want to get next.
It’s not as flexible as other methods and doesn’t allow for collecting as much detail about the current coins in your collection. You may want to use another method for that.
Spreadsheets
Approximately 66% of office professionals look at a spreadsheet at least once an hour. 8% do so 11 times an hour, and 3% do it over 21 times an hour.
They’re so prevalent coin collectors have begun to use them as a cataloging method. They’re easy to manage and let you find the exact coin you want. You can also set up multiple spreadsheets if you have more than one collection.
Coin-specific software
There are now more methods than ever to design your own coin. It’s also easy to add these die-cast coins to your collection with the right software.
Coins collection computer programs, apps, and more are all great resources. They let you organize them and determine their current value.
Storing Coins
Storage is one of the most important parts of collecting coins. If you keep them at home, find a cool, dry place and use soft cotton gloves when you touch them.
Keep them in the original packaging if possible. Encapsulating them in a rigid plastic shell helps if you want to sell them.
Coin tubes let you store an entire roll of coins at once. They can be made of hard clear plastic or opaque plastic.
Coin holders come in various sizes, including:
1.5×1.5
2×2
2.5×2.5
Cardboard coin flips come in similar sizes. Hard plastic holders provide extra protection. Coin folders let you put your collection in a binder to show off.
Coins with precious metals are one of the only types you should clean, and you shouldn’t keep them at home. Third-party storage or a safety-deposit box presents the risk of damage or theft. Despotiroies are the safest options because they have 24/7 surveillance and climate control.
How to Monetize Your Coins Collection
Coins collection is a lucrative and enjoyable hobby as long as you use proper organization and storage methods.
Catalog them using handmade methods or spreadsheets and software. Store them in coin tubes, flips, or folders, but keep ones made of precious metals outside the home.
Read the rest of our content for tips on turning collections into investments.
