Instead of being helpful this is a snarky article. Last year Coca-Cola pledged to collect and recycle a bottle or can for every one it sells globally by This involves knowing which products belong to which store, and sorting through the sticky mess of bottles before going into the store—all actions that lower your return on investment.
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Show less Coin collecting is a fun, safe, and rewarding way to interact with history and the world around you. Though it can be difficult to distinguish cheap, common currency from rare, uncirculated money, there are ways to make the process easier and less risky. Knowing where to find good coins, what to look for in a purchase, and how to keep your coins safe will help you start a collection with ease. To ckllecting coins, keep your eyes open for flat, non-dented coins with few scuffs and scratches and, if possible, purchase coins that have been graded for quality and authenticity. Make sure any specialty coins you buy come with a certificate of authenticity from the original mint. If you’re interesting in meeting other collectors and swapping coins, consider joining a numismatic club!
Recyclable Materials and Their California Prices (August 2018)
Many people begin their coin-collecting journey by finding an interesting coin in their pocket change, inheriting a coin collection or acquiring a few coins by some other means. Other people think they have found a rare and valuable coin and are looking to get rich quick. Regardless of where you start, here are some tips that will ensure you have a long and profitable coin collecting journey. Unless you are a millionaire and a thousand dollar mistake won’t bother you, you’ll want to ease into the hobby and learn the ropes before you make any major purchases. Start with smaller coin purchases and coin sets that are easy to assemble.
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Show less Coin collecting is a fun, safe, and rewarding way to interact with history and the world around you. Though it can be difficult to distinguish cheap, common currency from rare, uncirculated money, there are ways to make the process easier and less risky. Knowing where to find good coins, what to look for in a purchase, and how to keep your coins safe will help you start a collection with ease.
To collect coins, keep your eyes open for flat, non-dented coins with few scuffs and scratches and, if possible, purchase coins that have been graded for quality and authenticity. Make sure any specialty coins you buy come with a certificate of authenticity from the original mint.
If you’re interesting in meeting other collectors and swapping coins, consider joining a numismatic club! For tips on storing your collectibles safely, read on! This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness. Together, they cited information from 12 references. Categories: Coin Collecting. Log in Facebook Loading Google Loading Civic Loading No account yet?
Create an account. Edit this Article. We use cookies to make wikiHow great. By using our site, you agree to our cookie policy. Home Categories Hobbies and Crafts Collecting. Article Edit. Learn why people trust wikiHow. Learn more Method 1. Find a type of coin to collect. There are thousands of different coin styles out there ranging in size, denomination, origin, age, and rarity.
Though it may seem daunting at first, picking a style of coin to search for will keep you focused and make the hunt far more enjoyable. Find a good price range for you. Old, rare, misprinted, and uncirculated coins are cool, but they are also incredibly expensive.
Cheaper alternatives include generally circulated coins, which can be found by digging through pocket change and bank rolls, or special currencies released in the recent past, like the US State Quarters line.
Many foreign coins sell for far less than their US counterparts. For budget collecting, look for 5 cent pieces from the NetherlandsCanadaand France or coins from small countries like Luxembourg. Look for coins with little wear. When looking for collectibles, keep your eyes open for flat, non-dented coins with few scuffs and scratches. Look for coins that have retained most of their reflective properties, meaning they have not changed hands.
Even if a coin is years old, collectors should expect it to be in reasonably good condition. Look for coins that have been verified by outside sources. When possible, purchase coins that have been graded for quality and authenticity by groups like the American Numismatic Association. For specialty coins, make sure they come with a certificate of authenticity from the original mint. Feel free to swap.
Once you have a few coins in your collection, you can begin to swap coins with other collectors. You can either swap online on sites like Numista or you can swap with a local coin collector near you. When swapping online, most of the time you will send and receive the coins via the mail. Method 2. Visit a local coin shop. Though coin collecting is an incredibly niche hobby, many collecting cans loosing weight and making money have at least one coin shop nearby.
These stores offer a wide range of coins at competitive price-points, making them a great place for new collectors. Most shop owners are collectors at heart and can help you assess the value of individual coins, connect with other sellers, and find valuable, updated collecting resources. Go to coin auctions and expos. Though sporadic and not always local, coin auctions, expos, and other events are a great place to pick up new coins.
Websites like AuctionZip can help you find upcoming auctions, while the American Numismatic Association keeps a list of upcoming coin and money expos on their website. Instead, try specialty sites like Great Collections or Heritage Auctions.
Join a coin club. In the short term, numismatic groups are a great way to meet fellow collectors, learn about upcoming events, and gain advice on how to expand your knowledge and collection. In the long term, club members who decide to sell their coins often give priority and lower prices to friends made through the organization. Organizations like the American Numismatic Association offer online directories that can connect you with local and regional clubs. Order from a national mint.
Many countries allow you to order specialty and commemorative coins directly from the national mint. Though mints charge above face value, they often include a certificate of authenticity and quality guarantee. Mints also sell uncirculated and proof coins, which are worth far more than their used counterparts. Method 3. Buy the book before the coin.
This is a common numismatic saying that means you should learn about a coin before spending money on it. Consult current pricing guides, like the printed Handbook of United States Coins or the web-based Professional Coin Grading Service, before committing to any purchases. These will allow you to find and compare the current market price of different coins and grades. For ancient coins, consult specialty books like Ancient Coin Collecting.
Avoid underpriced coins from professional sellers. If a deal sounds too good to be true, it probably is. If you found it at a garage sale, flea market, or similar establishment, the seller may not know the actual value of their merchandise, but specialty sellers and collectors certainly. Learn how coins are graded. Coins are graded differently depending on the country and individual appraiser, but a good starting place is the Official A. Grading System for United States Coins. Here, coins are ranked on a scale from 0 to 70, with extra points being given to uncirculated coins.
In this system, the highest quality coin is listed as MS Some people overgrade their own coins to make them more market friendly. Remember that grading, even by a professional service, is subjective and that grading standards change over time.
Buy a magnifying glass. For serious collectors, purchase both a low powered and a high powered magnifying glass. This will allow you to look for small imperfections and signs of forgery, like coins with incorrect fonts or askew visual elements. Pay close attention to shiny coins, as details may have been buffed away to appear glossier. Buy a scale.
A portable electronic scale is an important investment for collectors making expensive purchases. Weighing a coin and comparing it to collecting guides can help you spot counterfeits made from cheaper materials. Additionally, weighing a coin can help you figure out its melt value, or how much it would go for if melted down into its raw materials. Method 4. Purchase a safe to put your coins in. For committed collectors, purchase a water and fireproof safe that can be bolted to the ground.
This will protect your investment from floods, fires, and burglars, something especially important when dealing with expensive items. If you are collecting particularly rare or expensive coins, upgrade to a safe-deposit box at your local post office or bank for extra security. If you have homeowners insurance to cover your coins, make sure to keep an updated inventory with pictures to prove quality.
Avoid extreme temperatures, sunlight, and humidity. Like many other collectibles, coins should be kept in a comfortable, room-temperature environment with little moisture. Avoid attic or basement rooms, areas exposed to direct or indirect sunlight, and humidity, since all have the potential to damage your coins.
Purchase coin flips for individual coins. Coin flips are 2×2 holders generally made of vinyl or cardboard. Similar to record or trading card sleeves, they keep your coin away from the elements while allowing you to display. Avoid poly vinyl PVC holders, as they can damage the coin over collecting cans loosing weight and making money, even etching the coin surface.
Purchase coin folders, boards, and albums for full collections. Like flips, coin album sleeves contain individual compartments that are bound together on binder-sized sheets.
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A caveat for all you would-be bottle collectors out there: keep them in a granny cart. But did you know the stuff you’re leaving in your blue bin could be worth cash? This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. Some Final Advice Please be as courteous, quiet and neat as you can be while collecting; otherwise, residents and business owners may complain and send the police after you and other collectors. Tweet Pin 16 Facebook 0 16 shares. Squeezer Personal Finance Success says. Hit up Google and you’ll be surprised how many there are. J says. I was baffled at how you were making twice what I make an hour, but saw that you use bicycles and carts. I don’t collect aluminum I do recycle with my municipal trash but I learned a great lesson that day. Advertising disclosure: I may be compensated through 3rd party advertisers but our reviews, comparisons, and articles are based on objective measures and analysis. I recycle all the time, and so should everybody. With a little effort, everything from books to cookie wrappers can be traded in for cash, in-store rewards, or a good cause. True or not, she was in really great shape.
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