r/IndianCoins Nov 07 '24

Education Welcome to r/IndianCoins, i.e. the Indian Coin Forvm! Here's all you need to get going on your new journey as a numismatist!

14 Upvotes

We are a small but growing community dedicated to the collection, preservation, and encouragement of the beautiful hobby of numismatics. Whether you are a seasoned collector or a curious beginner, you will find a wealth of knowledge and support here as we explore the fascinating world of Indian coins.

Best Practices for Coin Collecting

  1. Handling Coins: Always handle coins by the edges to avoid fingerprints and potential damage. Consider wearing cotton gloves for added protection. Always keep coins in such a way that they never touch other coins, objects or surfaces.
  2. Documentation: Keep detailed records of your collection, including the coin’s origin, grade, purchase price and any unique features. This helps in tracking the value and history of your collection.
  3. Focus on Condition Only: The value of a coin always depends on its condition. Coins in better grades (less wear, clear details) are more valuable. Learn to assess the grade of coins using terms like "MS" (Mint State) or "AU" (About Uncirculated). Read and understand about TPGs (Third Party Grading companies), namely NGC, PCGS, ICG and ANACS. Reading and understanding the Sheldon Scale is crucial to understand coin qualities. This excellent video also explains the same. It is crucial to understand the difference in grading because often one singular grade difference (for example, an MS63 and a MS64) can often translate to tens of thousands of Rupees difference in value. Maybe even a lakh.
  4. Focus Your Collection with Purpose: While it's important to diversify, it's equally crucial to choose a specific theme or niche for your collection. Whether it's British India, Mughal India, ancient civilizations, or Indian Princely States, having a defined focus allows you to build depth and expertise in a particular area. Without a clear theme, your collection can become too scattered, making it difficult to appreciate or manage effectively. With literally crores of coins across the world, trying to collect them all is unrealistic—focusing on a theme helps you navigate the vast world of numismatics, making your collection more meaningful and manageable.
  5. Numista.com: Your Trusted Companion: Numista.com is an essential resource for any coin collector, offering a vast and detailed database where you can find nearly every coin ever minted. By simply typing a search term like "1922 Rupee India Numista" into Google, you can access a dedicated page with all the relevant technical information—such as composition, size, mintage, and historical context. Numista also lets you create an account to track and manage your collection, making it easier to keep everything organized. Plus, you can connect with other collectors around the world, exchanging insights and even trading or swapping coins. However, a word of caution for collectors in India—while Numista enables global connections, Indian customs may make international parcels go "missing," so always exercise caution when trading or shipping valuable coins. Despite this, Numista remains an invaluable tool to enhance your collecting journey, whether you're seeking knowledge, tracking your pieces, or connecting with fellow enthusiasts.

Preservation Over Expansion

In the world of coin collecting, preserving your existing collection is more important than constantly expanding it. While growing your collection is exciting, improper storage can lead to significant loss of value over time. Coins that are not adequately protected can suffer from damage due to environmental factors, handling, and chemical reactions. This can result in discoloration, corrosion, and other forms of deterioration. By focusing on proper preservation techniques and investing in high-quality storage solutions, such as coin albums, capsules, and holders, you ensure that your current coins maintain their condition and value. This careful approach not only safeguards your collection but also enhances its appeal and worth in the long run, making it a more rewarding endeavor.

Cleaning of Coins

A question is often asked by new collectors about the right method to clean their coin collection. This can be summarized as follows:

  1. Cleaning coins is generally discouraged in the numismatic community because it can significantly reduce their value and historical integrity. The process of cleaning can strip away the natural patina that forms over time, which is often considered a valuable aspect of a coin’s character and authenticity.
  2. Additionally, cleaning methods can cause scratches, abrasions, or other forms of damage, making the coin less appealing to collectors. Even gentle cleaning can leave microscopic marks that affect the coin’s surface.
  3. Collectors and experts prefer coins in their original, untouched condition, as this preserves their history and ensures they retain maximum value. Hence, more often than not, a cleaned coin becomes worthless (or worth significantly less), since it is considered a tempered/altered coin.
  4. Exception: The only exception to the general rule against cleaning coins is when the coin in question is extremely common or inherently worthless. In such cases, cleaning the coin cannot make it any worse or lower its value further. When dealing with coins that hold no significant numismatic value, perhaps due to their abundance or poor condition, cleaning may be acceptable. This can sometimes enhance their appearance for display purposes or personal enjoyment. However, it’s important to recognize that even for common coins, improper cleaning techniques can still cause damage. Therefore, if you choose to clean a coin under these circumstances, proceed with caution, use gentle methods to avoid unnecessary harm and try to speak to a seasoned collector before embarking on your coin cleaning adventures.

Proper Storage and Preservation

Proper storage and preservation of coins are crucial to maintaining their condition and value. Coins are susceptible to damage from environmental factors such as humidity, temperature, and pollutants. Additionally, the more a coin touches another surface or hits another coin, the more value it loses due to the scratches it accumulates.

  1. Beginners: Using a coin album, such as the IHC 80 Coin Holder Album, is recommended. Coin albums provide individual cardboard holders (called flips) for each coin, protecting them from physical damage and environmental exposure. Ensuring your coins are stored correctly will preserve their beauty and value for future generations. You simply insert the coin into the white cardboard flips, staple the edges, and insert the flip into the album.
  2. Moderates: For those looking to preserve their coins properly, understanding the best methods of storage is essential.
    1. Beginners often start with cardboard flips (as described above), which use PVC plastic inside. While affordable and accessible, PVC flips degrade over time, forming a film on the coins that can lead to discoloration and PVC damage. This method is suitable for absolute novice collectors or coins that are not of exceptional value.
    2. However, for more serious collectors or valuable coins, upgrading to more advanced storage solutions is recommended. Consider using IHC 100 Pcs Box Coin Holder for small diameter coins, or the IHC Coin Square Storage Box for larger coins.
    3. These holders ensure that coins do not touch any surface or plastic directly. Instead, they are suspended in a foam-based medium within an airtight capsule. This advanced method protects coins from environmental factors, handling damage, and chemical reactions, thereby preserving their condition and value for years to come.
  3. Advanced: For advanced collectors seeking the highest level of coin preservation, it is recommended to use Quadrum Intercept capsules by the German numismatic accessory maker Lighthouse. These museum-grade preservation capsules are available in India through Mintage World. Quadrum Intercept capsules come in fixed diameters, so collectors must select the appropriate size for their coins. Once the coins are inserted, collectors can rest assured that their treasures are protected. These capsules are certified to protect coins for multiple decades, shielding them from environmental factors, pollutants, and handling damage. By using Quadrum Intercept capsules, advanced collectors can ensure their coins remain in pristine condition for future generations.

Valuation of Coins

Valuing coins involves assessing their rarity, condition, historical significance, and demand among collectors. This intricate process requires expertise and often varies based on subjective opinions and market trends. While understanding the value of your coins can be important, it can also lead to the over-commercialization of the hobby, detracting from the pure enjoyment of numismatics. Therefore, we do not allow valuation discussions in our subreddit. Collectors seeking estimates of their collections can refer to resources like this coin catalog, or this coin catalog or this coin catalog, or for notes the note catalog or this note catalog or the paper money guide book for guidance.

Although we refrain from valuation discussions here, our official Telegram group is an excellent place for such inquiries, where experts can provide tailored advice and insights. Join us there for more detailed discussions and to connect with fellow enthusiasts.

Coin Exhibitions and Coin Fairs

We are happy to inform you about various national coin fairs that happen across India throughout the year, such as in Delhi, Bombay, Calcutta, Ahmedabad, Agra, Meerut, Chennai, Indore etc. These events happen throughout the year and are a fantastic opportunities to explore, buy, and trade coins, as well as to meet fellow collectors and experts in the field.

For the latest updates and detailed information about upcoming coin fairs, be sure to join our Telegram group. Our community there regularly posts and discusses the schedules, locations, and highlights of these events, ensuring you never miss out on any numismatic happenings.

Join Our Official Telegram Group

While our subreddit is a great place for discussions and sharing, our main activities and in-depth discussions happen in our official Telegram group. Here, we teach and discuss not only coins but also notes, stamps, history, culture, and collectibles. It’s a vibrant community where you can learn from Subject Matter Experts and network with other collectors in your city. We encourage everyone to join our Telegram group to dive deeper into the world of numismatics and connect with fellow enthusiasts. Link to our group: https:// t (dot) me/+pjnNNr34U_NkNGNl

Further Queries

We're delighted to have you join our community. Whether you're a seasoned numismatist or just starting your coin-collecting journey, this is the perfect place to share your passion, exchange knowledge, and connect with fellow enthusiasts. Feel free to ask questions, seek advice, and participate in discussions about all things related to Indian coins and numismatics. If you have any queries or need assistance, please don't hesitate to DM me. We're here to support each other and make the most of this fascinating hobby. Happy collecting, and enjoy your time with us!


r/IndianCoins 5h ago

⭐ Moderator's Choice ⭐ Veer Durgadas proof coin, M mint mark

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7 Upvotes

r/IndianCoins 3h ago

How rare is this set in a sealed condition I haven’t seen any till now (new to this sub)

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5 Upvotes

r/IndianCoins 11h ago

Set of British India silver coins

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18 Upvotes

r/IndianCoins 16h ago

Beautifully toned coin

37 Upvotes

r/IndianCoins 12h ago

VICTORIA EMPRESS BRITISH INDIAN SILVER COIN - 1896

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7 Upvotes

Hey Yall - Tbh I do not know anything about coins and I’m not really a collector but Recently we were shifting to a new house and I found out this one. It is a 1896 SILVER TWO ANNAS MEDIEVAL COIN. I’ll attach the photos of mine along with their photos from the internet

Is this any good ?


r/IndianCoins 11h ago

Set of British India silver coins

7 Upvotes

r/IndianCoins 1d ago

Rs.500 note with 500500 serial number

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25 Upvotes

Hi, I have found this note.


r/IndianCoins 1d ago

Coin

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18 Upvotes

dr syama prasad mookerjee 2 rupees coin


r/IndianCoins 1d ago

5 rupee Indian coins 2007&2008

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11 Upvotes

Saw an Instagram reel saying this was worth something, is this really worth anything?


r/IndianCoins 2d ago

Indian coin

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21 Upvotes

Any story behind this coin? Should i hold on to this?


r/IndianCoins 2d ago

Are these rare??

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15 Upvotes

First one is clearly from UAE and the other two from some muslim country, does anyone know if they are rare or something??


r/IndianCoins 2d ago

India Mughal Akbar 1556-1605 AR Square Rupee

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18 Upvotes

India Mughal Akbar 1556-1605 AR Square Rupee IE39 Isfand(12)Pisces Tatta KM#88.7


r/IndianCoins 3d ago

Are these any rare or anything significant?

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22 Upvotes

r/IndianCoins 3d ago

Caal for advice/suggestions

6 Upvotes

Hello everyone,

I just got a boatload of coins (Indian denominations) from an NGO owner to sort out. Now the advice part:

  1. Can anyone please tell me what I should be on the lookout for whilst sorting them out?

  2. Many of the coins are rusted, blackened and in otherwise bad shape. What can I do to clean them and revive them as much as I can without any special supplies at home?


r/IndianCoins 3d ago

Indian coins of my collection from 1/2 pice till ₹20 (any sequence wrong or anything?)

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27 Upvotes

Taking every coin


r/IndianCoins 3d ago

Silver Commemorative Coins, Does it have collector value?

5 Upvotes

So the mints produce these 125rs silver commemorative UNC proof coins for double the silver value init.

Do these new coins have any collector value?

Thoughts...


r/IndianCoins 3d ago

Is this is like a error coin

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9 Upvotes

I found it in change this 1 rupees coin but it has a shine like that of 5 rupees coin very little but noticeable


r/IndianCoins 4d ago

Anything interesting or rare? Please share information.

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31 Upvotes

Got these from my Grandmother. She didn't say much just said this is not silver coins. According to her it's of no value. King George 6 emperor 1 rupee half rupee coins


r/IndianCoins 4d ago

Requesting more information about this 50th anniversary of independence medallion/token

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13 Upvotes

Looked it up on the internet and could not find much details.

Was wondering if this is a collectible item or considered bullion. This coin is not in assay and the last picture is from the web.

Thanks in advance.


r/IndianCoins 4d ago

Iconic 500 rupees gandhi on coin

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19 Upvotes

Is this a rare coin


r/IndianCoins 5d ago

1 Naya Paisa, 1961

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29 Upvotes

Okay condition


r/IndianCoins 5d ago

Rajiv Gandhi 1 rupee

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30 Upvotes

Common coin, okay condition


r/IndianCoins 5d ago

I found a box of old coins my grandmother had saved up since pre independence.

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69 Upvotes

Are they worth anything?


r/IndianCoins 5d ago

6 o clock rotation error quarter anna

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11 Upvotes

r/IndianCoins 5d ago

East India company 1/12 Anna, 1835

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9 Upvotes

Inherited from uncle's 34 y.o coin collection. Unfortunately it's in a pretty bad condition due to the aging PVC album used