Tips for Caring for Your Coins

Tips for Caring for Your Coins

Once you purchase gold, silver, platinum, or palladium coins, your first and most important responsibility is the safe keeping and protection of your investment. Proper care and storing is essential for all coin owners, regardless of the type of coins you collect or how many coins you have. Even a single gold coin can be valued at over $1,000, so the same level of care should be taken whether you have one coin or hundreds. Here are some tips to help you retain the value of your precious metal coins.

Store in a Secure Location
For starters, forget about keeping your valuable gold or silver coins at home. The two best options for storing coins is to either use a safe deposit box at your bank or hire an independent precious metal storage facility. California Numismatic Investments has a close relationship with the CNT Depository, one of the finest precious metals depositories in the world. Once you purchase coins from us, we can deliver your coins (under your instruction) to the CNT Depository for safekeeping.

Handle With Caution
If you must physically handle your coins, take caution not to damage your coins in any way. Wear gloves when touching precious metal coins, as the oil and dirt on your fingers can cause gold and silver coins to tarnish and lose some of their value. Your better option is to avoid handling physical coins unless absolutely needed to sale or transfer to a new storage facility.

Keep Detailed Records and Receipts
In the event that something happens to your coin collection, you will want to have detailed records and receipts showing all the coins you purchased over the years. Receipts and documents will help you recoup your losses from either your personal insurance policy or the insurance policy of the bank or independent storage facility.

California Numismatic Investments can answer any questions you have about investing in gold, silver, platinum, or palladium coins, including how to store and care for your coins. Visit our website or call us toll-free at (888) 880-7101 to learn more.

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