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Each type of storage solves some of the challenges of safely storing a coin collection, but few completely solve all of them alone and thus, many collectors use multiple layers of protection to improve the safety of their coins. [2] The more valuable the coin the more elaborate the storage solutions and sizable the collection.
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Many history and cultural museums have large numismatic collections (coins, money, and tokens). Some museums are specifically dedicated to the history of money or coins, while others have major collections amongst other material. Many small museums often have important collections of coins from their local area or important archaeological sites.
The speculator might hope to buy the coin in large lots and sell at a profit within weeks or months. [13] Speculators may also buy common circulation coins for their intrinsic metal value. Coins without collectible value may be melted down or distributed as bullion for commercial purposes.
In 1997, art historian and museum information studies consultant Robert A. Baron outlined the requirements for Collections Management Systems, not as a list of the kinds of collections object information that should be recorded, but rather as a list of collections activities such as administration, loan, exhibition, preservation, and retrieval, [13] tasks that museums had been responsible for ...
Delayed until the end of World War II, the Red Book was published in 1946, providing collectors even more historical information as well as retail values (prices collectors could expect to pay coin dealers to buy coins) instead of wholesale values. R. S. Yeoman served as editor of the Red Book and Blue Book until he retired in 1970.
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