TIPS FOR HANDLING AND CARING FOR RARE COINS (2024)

TIPS FOR HANDLING AND CARING FOR RARE COINS (1)Collecting coins can be a very exciting and fulfilling hobby, and an essential part of this hobby is knowing how to handle and care for your coins.

Contact marks, blemishes, worn features or evidence of cleaning can significantly decrease a coin’s value. Following some simple rules of thumb when handling and caring for your coins can ensure they retain their worth, which will help you enjoy your collection for years to come.

How to Handle Rare Coins

Many of us handle coins every day when making purchases and don’t think twice about how we hold them. It is important not to handle your collectible coins in the same manner as you would handle a penny you find on the sidewalk.

You can easily damage an uncirculated or proof coin simply by touching the front or back of the coin. The natural oils in your skin are caustic enough to etch a finger or thumbprint into the surface of the coin. This leads to the first rule for handling rare coins: Always hold a coin by the edge, never the face.

Before handling your coins you should wash your hands or use hand sanitizer to reduce the chance of doing damage just by touching your coins. You can get used to handling coins in this way by practicing with ordinary coins. Hold the coin by its edges with your thumb and forefinger. Holding the coin in this way will prevent damage and also makes it easier to examine the coin.

In many cases, handling an upper-grade, proof or uncirculated coin calls for wearing a pair of lint-free cotton gloves. Plastic or latex gloves are not recommend because they often contain powder or lubricants that can damage coins. You can also place a thick, soft cloth underneath the coin when you hold it just in case you drop the coin or it slips out of your fingers.

If you are worried about handling your coins properly, you can always place them in a holder to protect their surfaces or prevent damage caused by accidentally dropping them.

Cleaning Coins

The #1 tip for cleaning your coins is actually not to clean them at all. Virtually every type of cleaning can end up causing more harm than good to your valuable coins, making them worth less in the long run.

One of the most common mistakes new collectors make is using abrasives or acids to clean the coin’s surfaces. This practice can easily reduce their value by as much as 50%. Non-destructive cleaning uses solvents that are harmless to the coin’s metal, but even these methods hold the potential for damage.

Be sure not to use metal cleaners, which are acid-based and will remove some of the coin’s surface metal. Always seek professional help and advice when considering cleaning your upper-grade, uncirculated, proof coins or copper alloy coins.

If you insist on cleaning your coins, a weak soap solution in distilled water can remove dirt and grease without causing damage. City tap water contains chlorine which will discolor the coin, so be sure to use distilled water.

Coin Storage

The best way to ensure your coins do not become damaged is to keep them properly stored away and only handle them when necessary. If you want to enjoy your coins more often you can put them on display in protective cases.

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TIPS FOR HANDLING AND CARING FOR RARE COINS (2024)

FAQs

How to take care of rare coins? ›

Storage Is Crucial. The first step to caring for rare coins is to store them properly. It is important to keep rare coins away from direct sunlight and extreme temperatures, as these can cause damage to the metal. Coins should also be stored away from sources of moisture, as this can cause them to tarnish and corrode.

How should you handle coins? ›

Hold a coin by its edges between your thumb and forefinger over a soft towel or surface. Wear soft cotton gloves to protect the coin's surface from fingerprints and the natural oils on your skin, which can be corrosive. While you may be tempted to polish your coins to make them look shiny and new, proceed with caution.

How to safely clean valuable coins? ›

Add a small amount of water to a tablespoon of baking soda to form a paste. Apply the paste to each coin using an old toothbrush and scrub gently. Rinse the coins to reveal the now-shiny surfaces.

What should I do with rare coins? ›

5 Best Places To Sell Rare Coins and Paper Money
  1. Heritage Auctions. Heritage Auctions is the largest collectibles auctioneer and the third-largest auction house in the world. ...
  2. eBay. ...
  3. Stack's Bowers Galleries. ...
  4. APMEX. ...
  5. Your Local Coin Dealer.
Mar 12, 2024

Is it okay to touch uncirculated coins? ›

You can easily damage an uncirculated or proof coin simply by touching the front or back of the coin. The natural oils in your skin are caustic enough to etch a finger or thumbprint into the surface of the coin. This leads to the first rule for handling rare coins: Always hold a coin by the edge, never the face.

How do you clean rare silver coins? ›

Soak the coins in warm distilled water and soap.

Add a few drops of mild soap (not detergent) to a glass of warm distilled water. Put the coins in gently and leave them to soak, turning them over every few hours.

Should you handle coins with gloves? ›

Assuming that one has clean hands, most coins can be safely handled without gloves, using a proper coin handling technique where a coin is held by its edge. In fact, many believe that it is safer for many coins to be handled without gloves.

Should you touch gold coins? ›

The best way to protect your gold coins or bars is to not handle them unless it's necessary, but sometimes you might want or need to. Gold is delicate, so to prevent your bullion from being damaged by a hard surface when handling it, place it on a clean towel or cloth on a flat surface.

What not to clean coins with? ›

Don't use vinegar and baking soda – When put together, these two common household items create a potent, fizzy mixture that can clean dirt from coins. But like other things on this list, it can eat away at the coin's patina and wreck its value.

What's the best way to clean coins without losing value? ›

The only ways to “clean” a coin without impinging its value is to use non-abrasive methods that don't alter the patination or toning on the coin. So, how do you clean a coin without lowering its value? You do so by running it under a slow stream of tepid water and then patting (not rubbing) it dry with a soft cloth.

Should rare coins be cleaned? ›

Cleaning old coins might seem like a good way to revitalise the appearance of a treasured item, but could in fact reduce a coin's value significantly, and should be avoided.

What is a 1946 wheat penny worth? ›

Pricing the 1946 Lincoln Penny
DATEGOODUNCIRCULATED
1946 Lincoln PennyN/A$0.35
1946 Lincoln Penny (D)N/A$0.35
1946 Lincoln Penny (S)N/A$0.35
Source: Red Book

Where do you store rare coins? ›

Valuable collections should be placed into boxes that can be easily stored in a safe. Keep away from sources of air pollution such as paint fumes, exhaust fumes etc. High levels of airborne pollutants such as sulphur can affect collections.

How do you sell rare coins without getting ripped off? ›

How to Sell Your Coin For Top Dollar
  1. Step1: Figure Out What Type of Collection You Have. ...
  2. Step 2: Understand Spreads and Profit Margins. ...
  3. Step 3: Create An Inventory Of The Coin Collection. ...
  4. Step 4: Have Realistic Expectation. ...
  5. Step 5: Get More Than One Opinion, But Be Fair. ...
  6. Step 6: Sell to the Coin Experts You Choose.

How do you clean rare coins without ruining their value? ›

Fill up a plastic container with warm water, around 1 inch deep. Add a squirt of dishwashing liquid and give it a good mix to create some bubbles. Toss the coins in and rub each one until they shine bright. Rinse with warm water and let them dry.

Does a rare coin lose value if you clean it? ›

Cleaning coins can cause irreversible damage to the coin's surface and significantly reduce its value. The consensus among coin experts and numismatists is never to try to clean a coin yourself. Cleaning your coin can reduce both its value and grade.

Is there a way to clean coins without losing value? ›

Distilled Water Method:
  1. Grasp the coin by the edges to avoid direct contact with the surface.
  2. Hold the coin under a gentle stream of lukewarm distilled water.
  3. Flip the coin to ensure both sides are wet.
  4. Gently pat the coin dry with a soft cotton towel.
Dec 3, 2023

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