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Best way to store silver bars

lunytune2lunytune2 Posts: 1,077 ✭✭✭
edited March 2, 2022 6:20PM in Precious Metals

Bought my first silver bar today. Up until now I have been exclusively a coin collector. Anyway, I bought a 10oz APMEX bar in the original plastic. Is it best to leave it like that ? Or put it in an airtite holder ? It looks sealed , but has a tiny bit of tarnish on the corner , so I assume the package may have a small pin hole or something somewhere.

Comments

  • rte592rte592 Posts: 1,381 ✭✭✭✭✭
    edited March 2, 2022 7:11PM

    In My Opinion,
    Leave it in the Original packaging when possible even if it has an open corner.
    You can also put the Original packaging in a ziploc type bag as a secondary buffer to keep them more airtight.
    Bars aren't that big of a deal as you can always dip them to clean them up if they tarnish.
    Then some type of storage box.

  • doubleeagle07doubleeagle07 Posts: 393 ✭✭✭

    I keep them in pvc or original holders that they came in. I've heard from people to leave them raw and temperature controlled. I use a recharagable silica canister to absorb moister and prevent tarnishing and in an airtight container. I recommend at least the silica and preferably an airtight location to store them. Same with any precious metal really.

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  • WeissWeiss Posts: 9,922 ✭✭✭✭✭

    .999 silver doesn't seem to be at risk from vinyl / PVC.
    Apmex bars are well known, but I don't foresee a time when they're "collectible". I'd be perfectly fine leaving them in the original pouch even with the small hole.

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  • MartinMartin Posts: 804 ✭✭✭✭✭

    Their silver bullion. Just give them a little bite to make sure it’s right. And stack em high. Congrats on the bar
    Martin

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I totally agree with @TomB.... Convert them to gold. Less storage area, no tarnish. Cheers, RickO

  • ashelandasheland Posts: 22,558 ✭✭✭✭✭

    I like the small zip lock bags and then carefully stacked in an ammo box for the rarer bars, etc . Some I just stack them on each other in the ammo box...

  • ashelandasheland Posts: 22,558 ✭✭✭✭✭

    Here’s one box:

  • derrybderryb Posts: 36,013 ✭✭✭✭✭

    for 10 oz bars and slabbed coins I use the 3 X 4 double thick 4 mil zip lock bag.

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