many coin collectors think about the accumulation end of the avocation. That is, they buy, look for, or differently choose coins to place into their mint collection. bare, right ?
well, it is. But coin collectors besides need to keep track of the coins they are putting into their collection. A coin inventory ( or coin log ) is something that every mint collector needs to have. Keeping track of your coins is significant for these reasons :
- Knowing which coins you already have
- Knowing which coins you still need
- Determining the value of your coin collection quickly & easily
- Getting an at-a-glance look at the many coins in your collection
- Documenting your collection for coin insurance purposes
About My Coin Inventory Logs When I beginning started collecting coins, I looked right away into keeping track of what I had. After all, it was sort of fun listing all the coins I had acquired. And on a more hardheaded level, it was important for me to know what coins I had sol I knew which ones I needed to complete my ever-expanding coin solicitation. While I didn ’ thymine put much thought into the matter at first, I soon came to realize the value of keeping a mint inventory. A mint stock is critical during in the consequence of a property emergency. For model, a larceny, burn, flood, or other disaster will mean my having to know which coins I own — for indemnity and convalescence purposes. Free Coin Inventory Methods The log I use to record my coin holdings are “ manual of arms ” or hard-copy log sheets.
There besides are several coin inventory books published which are pre-designed to aid collectors in recording their coins. I discuss making your own “ manual ” mint logs below. For now, let ’ s focus on the coin inventories that you can buy at coin dealers or bookstores. Whitman, which produces the annual Guide Book to United States Coins ( popularly called “ The Red Book ” ), publishes a coin armory logarithm book. The Official Red Book Collector ’ s Inventory of United States Coins is a spiral-bound ledger which has a list price of $ 9.95.
Coin Inventory Software Coin armory software is another manner to keep track of the coins in your solicitation. Coin armory computer programs use spreadsheets, boxes, and windows to input and save information about the coins in your collection. One of the more outstanding mint inventory software available is Coin Collector ’ second Assistant by Carlisle Development Corporation. The course of study has detailed information, including price, for several U.S. coin series. This platform besides allows you to insert listings for coins not already pre-programmed into the CD-ROM. How To Make Your Own Coin Inventory Logs
While you can easily go buy a coin stock log book or coin armory software, you can besides create your own mint inventory using casual notebook newspaper. This is, personally, my favored way to go. Creating a mint armory from notebook newspaper allows me to adjust, add, or make changes to my mint inventory whenever necessary. Whatever you do, make sure you keep at least one copy of your coin armory in a lock box, vault, or safe-deposit box so it will always be safe and handy should you need it. At the absolute minimum, you should include the surveil information for each mint you have on your mint inventory sail :
- Year of the coin
- Mint mark on the coin
- Country of origin
It is optimum if you include the following details ampere well :
- Grade of the coin
- “Type” of coin, or name of the design
- Comments about any errors or “variety” remarks about the design
- Comments on the coin’s physical condition (such as “cleaned,” “scratched,” “bent,” etc.)
- Comments about when you acquired the coin
- Comments about what you paid for the coin
- Update periodically the value of your coin
here is an example of a effective entrance in a mint inventory log :
1907-S Barber Half-Dollar (USA) Good, Small Nick 3:00 Obverse. Paid $4.75 11/3/1994 Worth $14 3/6/2009
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I ’ m the Coin Editor here at TheFunTimesGuide. My love for coins began when I was 11 years old. I chiefly collect and study U.S. coins produced during the twentieth century. I ’ m a member of the American Numismatic Association ( ANA ) and the Numismatic Literary Guild ( NLG ) and have won multiple awards from the NLG for my work as a coin diarist. I ’ m besides the editor program at the Florida United Numismatists Club ( FUN Topics magazine ), and author of Images of America : The United States Mint in Philadelphia ( a ledger that explores the colorful history of the Philadelphia Mint ). I ’ ve contributed hundreds of articles for versatile mint publications including coinage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I ’ ve authored about 1,000 articles here at The Fun Times Guide to Coins ( many of them with over 50K shares ), and I welcome your mint questions in the comments below !