Once people start collecting gold and silver coins, it quickly becomes a fun and even profitable hobby. To make the most of your coin collecting hobby, it’s important that you store your coins properly. Read on for a few quick tips on storing your gold and silver coin collection:
Reduce Exposure to Air
There are a number of ways in which exposure to air can wreak havoc on your coin collection. Air pollution can accumulate on your coins and moisture in the air can condense onto your coin surfaces, compromising their value. Instead of leaving your coins in an open box, consider placing the coins in individual plastic sleeves or in a tightly sealed album. The less air that can get into your collection, the longer your coins will remain undamaged.
Find a Non-Humid Space
While it might be tempting to store your coin collection in the basement, attic, or another out-of-the-way place, doing so can expose your collection to damage. Areas of the home that tend to get hot, cold, or humid can put your coins at risk. Consider storing your coin collection in your bedroom, study, or another living space that’s far away from the kitchen.
Maximize Security
As your coin collection grows in value, security will become much more of a concern. If you wish to keep your collection at home, consider locking your collection in a fireproof safe. You might also consider placing your collection in a safe deposit box at a bank—though many find this to be an expensive, inconvenient solution. Another option is to store your collection at an independent precious metal storage facility such as The CNT Depository.
If you’re interested in storing your coins at The CNT Depository, Inc., call California Numismatic Investments at (800) 225-7531. Our Los Angeles investment experts will do everything they can to make sure you get the best prices for the coins you sell and the best security for the coins you buy. Visit our website if you have any questions.