Coin collecting is an immensely pleasurable hobby. It can also be an extremely worthwhile investment on your part. Before you visit a gold coin dealer, check out the answers to these frequently asked questions about coin collecting:
- How much is my coin worth?
This is by far the most frequently asked question a coin dealer receives during a given day. Each coin must undergo a physical examination to establish a price. At Coins of the Realm, we will first identify what country the coin is from and determine its face value. Then, we will check to see that it’s authentic. Lastly, we will determine its grade to see whether any issues or defects are present.
- Can I clean my old coins?
Yes, you can clean your old coins, but it’s not always a good idea. Coin dealers generally prefer coins that haven’t been tampered with in any way, including by polishing or cleaning. Coin cleaning is a risky process to undertake, because a botched cleaning job can severely diminish the value of your coin.
- I hear of the term ‘numismatics,’ but don’t know what that means. Can you explain?
In short, numismatics is the study and collection of coins, paper money, and other widely collected materials. The reason these items are studied is because they hold historical significance and play a role in commerce.
- How do I get started collecting coins?
The best way to take up this rewarding hobby is to spend time studying the art. Learn what kinds of coins are commonly collected or may pique a coin collector’s interest. Think about investing in a book that covers all of your potential areas of interest.
Whether you’re buying or selling old coins, you can count on competitive and fair pricing from us here at Coins of the Realm. Call us today at (301) 340-1640 to speak with one of our experts in Rockville!