How do you keep track of your coin collection?

Physical Notebooks and Folders One of the first, simplest items you can rely on when becoming serious about coin collecting is a notebook or folder. It might not seem like much, but a spiral notebook, leatherback journal or three-ring folder will provide you with the basic means to begin tracking your collection.

Can coins be tracked?

Always keep your coins as safe as possible. This way, if the coin is ever lost or stolen or even altered to change its appearance, the coin can always be traced if resubmitted through PCGS Secure Plus.

What do you do when you inherit a coin collection?

If you inherited a “coin accumulation,” then you need to start organizing the collection into some resemblance of order. First, start by grouping like items into separate containers or boxes. For example, place loose coins in a plastic container. Put sets (Proof sets, mint sets, collector sets, etc.)

Can gold coins be traced?

Will the Government Find Out I Am Buying Precious Metals? Bullion investors like their privacy. The off-the-grid nature of physical gold and silver is one of the metals’ most attractive features. They cannot be tracked electronically, and, in this age of government surveillance, that is increasingly important.

Who can I sell rare coins to?

Best places to sell coins online

• CoinsForSale.com Only 5\% to sell. No listing fee.
• Heritage Auctions 10\% fee. Consignment program.
• Ebay 12.35\% + $. 030 fee, plus listing fees.
• Apmex Well known. But won’t pay until after you’ve shipped your coins.
• Modern Coin Mart Won’t pay you until after you’ve sent them your coins.

Do you pay taxes on selling coins?

(a) General. (1) Sales of Coins. The transfer of coins for use solely as a medium of exchange, i.e., as legal tender, is not subject to tax even though the transferee pays an amount exceeding the face amount.

How do you keep track of coins in your collection?

The Official Red Book Collector’s Inventory of United States Coins is a spiral-bound book which has a list price of $9.95. Coin inventory software is another way to keep track of the coins in your collection. Coin inventory computer programs use spreadsheets, boxes, and windows to input and save information about the coins in your collection.

How do I keep my Coin inventory safe?

Whatever you do, make sure you keep at least one copy of your coin inventory 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 following information for each coin you have on your coin inventory sheet:

Do you need a coin inventory or coin log?

But coin collectors also need to keep track of the coins they are putting into their collection. A coin inventory (or coin log) is something that every coin collector needs to have. Keeping track of your coins is important for these reasons:

What is cointracking and how does it work?

CoinTracking is available on the web and also offers a mobile app for Android and iOS. CoinTracking is a dedicated website where you not only see your current portfolio balance, but also data that helps you make a better decision in terms of buying/selling your coins at the right time.