Proper coin collecting record keeping is an important aspect of maintaining your collection. It will help you avoid potential ripoffs and ensure that your collection is documented correctly. If you plan on selling your coins, keep track of when and where you purchased them. This way, you can pass along your collection to your family. In addition, a detailed inventory can help protect your heirs. By keeping good records of your collection, you can pass them down to your heirs and benefit from their knowledge.
One way to keep a record of your coin collection is to use a spreadsheet program. You can create an entire tab in the spreadsheet to track each individual coin. Then, you can input purchase and sale information. The spreadsheet can be edited as necessary and will allow you to calculate the value of your collection immediately. Additionally, you can add columns to track other information about your collection. You can even create tabs so that you can quickly look at certain information when you want to.
Once you have an organized database, it’s time to begin writing down important information about your coins. This includes where you purchased them, the date of purchase, the price you paid for them, and the date of sale. You can also write down information about their professional grade and mint marks. You can also keep track of how many of each type of coin you own. This will give you an idea of how much you have to sell and when.
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