How To Store Coins

Knowing how to store coins can actually help with increasing their value

. With time a properly preserved coin could become of worth on a numismatic level. If you have a safely stored coin it can be sent in to one of the government endorsed grading companies to be placed in a hard plastic (slab) that is completely enclosed to protect the coin from all harmful effects. The top grading services are PCGS, ANACS, NGC and ICG.

If not put in a slab coins can be placed individually in a coin sleeve made of paper or plastic specifically made for storing coins. Some papers and plastics have chemicals that should be avoided. Each coin should then be placed in a storage box with a lid. If you live in a humid region include a silica gel in the storage box. Boxes made specifically for coin storage help to eliminate corrosion and tarnishing. The next step is to place the box in a fireproof and waterproof safe attached to a concrete floor. Even better, use a safe designed to be sunken into a concrete floor. It is also a good idea to cover the safe with an empty box using a missing bottom. Another good location to hide valuables is behind a false wall.

Knowledge of how to store coins shows that the typical conditions that lead to the reduction of a coins value are as follows. Non-numismatic coins dont need as much care, however, there are certain years that can have great value in the end. For example, the 1986 silver dollar is worth $700 as of this writing if in a perfect state.

Air. Air oxidizes metal changing the color. While air doesnt diminish the value of coins it will affect the visual qualities.

Surroundings. A cool, dry climate is best for the storage of most commodities.

How to store coins. A good way to store your coins, other than the slab, is the 2x2. Made of white cardboard lined with a clear mylar pocket each coin can be protected individually and easily viewed. The mylar can cause scratching, however, and proves that only the slab will keep coins in pristine condition. A common holder is a tube and holds multiple coins of the same size. While a good way to stockpile coins each coin has to be removed individually for viewing. Avoid anything made of PVC (polyvinylchloride, also known as vinyl) or polyethylene terephthalate. Quite possibly the best thing next to slabs are a type of polyester. Polyester is believed to be fairly safe. Finally, Air-Tites are somewhat expensive, however, they are larger than the 2x2 and are relatively safe for long-term storage.

Protecting your lasting assets is always a good idea and knowing how to store silver and gold coins can help protect your investments.

by: crownmetals356

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