How do you store it?
mrpaseo
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
Ray
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Comments
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
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.
Amat Colligendo Focum
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Amat Colligendo Focum
Top 10 • FOR SALE
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
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.
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.
I knew it would happen.
Ray
<< <i>For my silver bars I use small zip-lock bags. >>
My choice as well and quite economical.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
<< <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.
<< <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>
<< <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.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
<< <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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<< <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
<< <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)
<< <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.
<< <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