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How do you store it?

mrpaseomrpaseo Posts: 4,753 ✭✭✭
I'm not asking about safes, safety deposit boxes and security information. I would like to know how you store your bullion as in do you put them in plastic sleeves or coin tubes or what? When I start buying, what is the best way to house them?

Ray

Comments

  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    gold coins- slabbed or airtites
    silver coins - original mint tubes or individual airtites

    also important is humidity control

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • LochNESSLochNESS Posts: 4,829 ✭✭✭
    Depends. Large quantity or just a few pieces? do you care about toning?

    I'm pretty easy. I store my raw rounds in 2x2 saflips (to avoid PVC grime) unless they come in airtites (then I keep in the airtites). Bars go into a metal drawer; I don't have that many, don't care about toning, and my drawer has a good track record of no-toning anyway.

    If you plan to buy tubes or rolls, easiest to leave them in the tubes/rolls. Unless you feel the need to verify the contents, you could even leave them sealed.
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  • sebrownsebrown Posts: 424
    I'm probably a little crude in my storage of silver but it works great for me. I have mostly poured Engelhard bars from 3oz'ers to kilos and I pack them in blue PCGS boxes which seem to fit nicely in my safe deposit boxes. I'm not worried about the bars touching, and once placed in the SDB, there's probably very little movement if any. I do the same for gold, but each item is placed in a 2 1/2 x 2 1/2 Saflip and then placed in the slots within the PCGS Boxes. Many uses for them little blue boxes! image
    "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation [...] Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan
  • LochNESSLochNESS Posts: 4,829 ✭✭✭
    I love how those 2.5x2.5 flips fit into the blue boxes. I store my to-be-slabbed coins that way.
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  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭
    For my silver bars I use small zip-lock bags.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
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  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Airtites, or slabs...Some silver in albums...tarnish not an issue here except for the albums, but they are not collector pieces. Cheers, RickO
  • tneigtneig Posts: 1,505 ✭✭✭
    I use lab (urine) containers as tubes to hold most random rounds and silver dollars. Even random 90%.
    They seal Tight and are made to do so, don't crack like the thin clear tubes, more secure.
    Easy to order over the net, with different sizes. Use them for everything, even loose 556s.

    If you fill the tube with coins, seal tight, then put 6 tubes in a rubber sealed snaplock plastic box, with a moisture absorber, you could store them anywhere.
    COA
  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    I like Saflips over slabs or capsules for most bullion. If it's BU silver bullion, I generally store it in tubes. If it's a collectable silver issue, then I use 2x2 Saflips and store them in an Intercept Shield 2x2 box.

    Like derryb says, humidity control is important, and keep a handle on the heat as well.

    I used to store my Proof Silver Eagles in their original boxes in a closet in my 70-year old house. The closet wasn't air-conditioned or heated, but it was dry. Back in the 1980's, I accumulated multiples of about 12 years worth of Silver Eagles and when I retreived them years later, they were fine. One of the 1988 ASEs had picked up a fabulous light purple tone from the purple velvet lining. Overall, it was fine.
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  • mrpaseomrpaseo Posts: 4,753 ✭✭✭
    Exactly what I was looking for, thanks, I have some good ideas now.

    Ray
  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    For Art Bars. Any 1 oz odd size ART BAR for which direct fit capsules are not available, are placed in 2 1/2 x 2 1/2 SAFLIP's & then heat sealed. This method of preservation, works great on any bar, as long as you have a proper sized SAFLIP. SAFLIP's do not contain any PVC. I use an old TEW Impulse Sealer, that was given to me a long time ago, but it still works great.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,365 ✭✭✭✭✭


    << <i>For my silver bars I use small zip-lock bags. >>




    My choice as well and quite economical.
  • johnny9434johnny9434 Posts: 28,336 ✭✭✭✭✭


    << <i>gold coins- slabbed or airtites
    silver coins - original mint tubes or individual airtites

    also important is humidity control >>

    the ever so important humidity control, one cant be to serious.
  • mrpaseomrpaseo Posts: 4,753 ✭✭✭


    << <i>

    << <i>gold coins- slabbed or airtites
    silver coins - original mint tubes or individual airtites

    also important is humidity control >>

    the ever so important humidity control, one cant be to serious. >>



    What are some good ways to prohibit moisture? I will probably double bag each coin, meaning once in the original protector I will place multiple in a second plastic bag just to move them around easier (I have a SDB that I will be using).

    Thanks,
    Ray
  • nibannynibanny Posts: 2,761


    << <i>

    << <i>

    << <i>gold coins- slabbed or airtites
    silver coins - original mint tubes or individual airtites

    also important is humidity control >>

    the ever so important humidity control, one cant be to serious. >>



    What are some good ways to prohibit moisture? I will probably double bag each coin, meaning once in the original protector I will place multiple in a second plastic bag just to move them around easier (I have a SDB that I will be using).

    Thanks,
    Ray >>



    I use some silica gel containers, they are pretty cheap and can be recharged into the oven.
    Every supplies website has some. Check them out, they fit well in a SDB.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • Downtown1974Downtown1974 Posts: 6,796 ✭✭✭✭✭
    I keep a dehumidifier in my safe. I charge it once every couple of weeks. All I do is plug it in for about 12 hours and its good to go. For a SDB, you can buy those little silica pouches like the kind you get when you buy new sneakers. You can order them in bulk on-line. Every time you go to the box, just bring a couple and change them out. Should be fine.
  • ksammutksammut Posts: 1,074 ✭✭✭


    << <i>I'm not asking about safes, safety deposit boxes and security information. I would like to know how you store your bullion as in do you put them in plastic sleeves or coin tubes or what? When I start buying, what is the best way to house them?

    Ray >>



    This article came in my email today:

    Silver Storage
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  • mrpaseomrpaseo Posts: 4,753 ✭✭✭


    << <i>

    << <i>I'm not asking about safes, safety deposit boxes and security information. I would like to know how you store your bullion as in do you put them in plastic sleeves or coin tubes or what? When I start buying, what is the best way to house them?

    Ray >>



    This article came in my email today:

    Silver Storage >>



    Good information, really makes you think about safety. In the beginning of this adventure I will use my SDB that I use to store my coins, I'll be able to fit a lot in there so keeping it at home will not happen for a long time. I don't mind not having access to it some of the time, security is my concern (Though my home is secured in many ways) and the SDB is the best/cheapest option at this point. Since I already have one for the coins, no additional cost as it is already in the budget.

    Thanks for the link,
    Ray
  • MsMorrisineMsMorrisine Posts: 33,091 ✭✭✭✭✭


    << <i>gold coins- slabbed or airtites
    silver coins - original mint tubes or individual airtites

    also important is humidity control >>





    Mint tubes and caps are supposedly polyethylene and polypropylene (or is it the other way around?)

    Just know that the 24k Gold Buffalo Bullion coins come in the mint's PVC plastic sheet (search for PVC)
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  • nibannynibanny Posts: 2,761


    << <i>

    Just know that the 24k Gold Buffalo Bullion coins come in the mint's PVC plastic sheet (search for PVC) >>



    I think it is inert, usually the bad PVC is the soft one while the plastic used for the Buffalo's is more firm. I may be wrong.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • tydyetydye Posts: 3,894 ✭✭✭
    Regarding gold - why would the environment matter?
  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭


    << <i>Regarding gold - why would the environment matter? >>



    It wouldn't matter for 999 fine gold but 999 fine silver is quite reactive and will readily tarnish.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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