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Becoming a Collector II

By: Graham Iddon


May 20, 2014
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On being the amateur collection manager

So now you’ve decided that collecting currency is far more fascinating than collecting 14th Century Flemish altar paintings and have begun to accumulate some items. Good for you, those paintings are a bother to dust and currency is far easier to take care of. Nevertheless, we don’t recommend keeping your coins in an old sock or sticking your bank notes into your copy of The Da Vinci Code. We know you aren’t the British Museum, but there are a lot of simple and cheap things you can do to safeguard your treasured finds.

Probably your most basic starting point is to seek out a cool, dry place in which to store them. This means that most basements, attics, garages, garden sheds or bomb shelters are a bad idea. Paper is ‘hygroscopic’ which means that it easily absorbs moisture from the atmosphere, so your paper items need to be stored someplace that is dry and likely to remain so. Next, purchase inexpensive plastic sleeves. Sleeves, envelopes and binder pages are available at many hobby stores or coin dealers and are generally made of clear acrylic or polyester materials such as Mylar. There is a vast variety of these things available, ranging from foam lined, acrylic boxes for individual items to binder pages for large numbers of coins or notes. PVC or vinyl-based materials (soft and rubbery) are not safe and can damage your collection. As well, unless noted on the package, most paper envelopes are not acid free and will put your paper artifacts at risk.

Always store and display your paper items out of direct sunlight. All inks will fade with exposure to UV rays and paper will yellow.

Generally, the sort of care necessary for paper items will cover the needs of far more robust metal objects. High humidity will corrode certain metals so a dry place is still recommended. Coins are easily scratched and dented as well, so handle with care and store them separate from one another. Silver has special needs owing to its tendency to tarnish. You must keep rubber and silver apart as the rubber gives off hydrogen sulphide, which is a prime agent of silver tarnish. Storing with wool, velvet or felt will also promote this corrosion. Tightly sealed acrylic boxes or cardboard frames lined with Mylar are good ways of retarding tarnish and you should handle your silver coins with cotton gloves. Enjoy and take care.

A white glove

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Content type(s): Blog posts

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The Museum Blog

February 26, 2025

New acquisitions—2024 edition

By: David Bergeron, Krista Broeckx


Bank of Canada Museum’s acquisitions in 2024 highlight the relationships that shape the National Currency Collection.
Content type(s): Blog posts
February 11, 2025

Money’s metaphors

By: Phillipe Audet-Cayer, Graham Iddon, Patricia Marando


Buck, broke, greenback, loonie, toonie, dough, flush, gravy train, born with a silver spoon in your mouth… No matter how common the expression for money, many of us haven’t the faintest idea where these terms come from.
Content type(s): Blog posts
August 6, 2024

Treaties, money and art

By: Krista Broeckx, Frank Shebageget


Photo, collage, a photograph and a drawing of an elderly White man in a high collar and old-fashioned suit.
The Bank of Canada Museum’s collection has a new addition: an artwork called Free Ride by Frank Shebageget. But why would a museum about the economy buy art?
Content type(s): Blog posts Subject(s): Arts, History
July 16, 2024

Rai: big money

By: Graham Iddon


An item is said to have cultural value when it can be directly associated with the history, people, beliefs or rituals important to a society. It’s the same with a rai—its value can be greater depending upon who authorized it, who carved it and who subsequently owned it.
Content type(s): Blog posts Subject(s): Economy, Geography, History Grade level(s): Grades 11 and 12 / Secondary 5 and CEGEP

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