Gold coins are an excellent investment. Not only do gold prices continue to rise, but bullion gold coins are immediately liquid and easy to buy or sell. If you are investing in gold coins for the first time, you are probably wondering how to keep your new coins safe. You have a few options when it comes to gold coin storage, and the ultimate decision as to which one is right for you will depend largely on the value of your collection. Here are the best options for storing your gold coins.
Residential Safe
If you only have a few coins in your collection, your safe will serve as adequate storage. If your safe is not temperature controlled, purchase a dehumidifier and place it inside the safe to keep your gold coins from tarnishing or rusting because of excess moisture. For added protection, keep your coins in an air-tight bag or sealable container to keep moisture at bay.
Safety Deposit Box
The next level of secured coin storage is a safety deposit box at your bank or credit union. Because you can’t control the humidity inside the bank’s vault, store your gold coins in an air-tight, waterproof container. You should also keep a pair of gloves with the coins in case you or someone else needs to handle them, as oil and dirt on the hands can cause gold coins to tarnish.
Independent Precious Metal Storage
Whether you have multiple gold coins or a single coin like the Platinum Eagle 1/10th oz, a valuable coin collection is best protected at a Comex-approved precious metal storage facility. The CNT Depository, for example, is insured by Lloyds of London and features an ideal indoor environment for storing gold coins and other valuable precious metals.
To get started on your new gold coin collection, contact California Numismatic Investments, the nation’s largest precious metal dealer. We can help you buy and sell gold coins, and we also offer unmatched precious metal storage security at affordable prices. Call us toll free at (800) 225-7531 to speak with one of our gold coin dealers about your investment today.