Whether your grandfather or colleague collects coins, you may have been drawn to the hobby yourself. Owning a valuable piece of history that can be passed down for generations has universal appeal, after all. If you are interested in becoming a coin collector, dip your toes into the world of numismatics by reviewing these frequently asked questions.

4 FAQ for Aspiring Coin Collectors

Should you clean your coin collection?

One of the most common misconceptions among new coin collectors is that the cleaner a coin is, the more value it has. However, even if you use products designed for coin cleaning, it is incredibly easy to damage old, rare pieces. If you accidentally scratch or otherwise mar your collection, you could immediately lower its value. Instead, leave your coins be—their condition reflects their unique journey.

How should you store your coins?

You cannot store collectibles like change in a piggy bank—this would allow the coins to rub against each other, causing small scratches and nicks. Instead, store them individually, such as in a binder with separate pockets or acid-free envelopes. Keep the container in a dry, temperate environment with little variation in temperature or humidity.

What is an uncirculated coin?

If you come across an uncirculated coin, this piece of currency never traded hands in a store, market, or any other transactional environment. Instead, it was made at the mint, then owned by a private individual or group. As a result, it may be in perfect condition and worth more than its circulated counterparts.

How do you know if your coin is authentic?

Not sure if your coin is real? Look for the words “copy” or “replica.” Coins marked as such are tribute copies, which allow collectors to own imitations they would otherwise be unable to find or afford. If you cannot find the words, take the coin to an expert who can determine whether the coin is counterfeit or genuine.

If you would like to become a coin collector yourself, head to Coins Plus of Cincinnati, OH, to speak with their trusted numismatists. The shop began in 1972 and continues to buy and sell rare coins from centuries prior. It is the city’s only National Award Winning and PNG Dealer. To learn more about their appraisal process and inventory, visit the website, or call (513) 621-1996 to speak with an expert coin collector.