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Storage Of Coins In Safes

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Valued Member

Canada
220 Posts
 Posted 11/06/2022  2:03 pm Show Profile   Bookmark this topic Add twoods to your friends list Get a Link to this Message Number of Subscribers
Hello,

Looking for additional storage for coins aside from my safety deposit boxes.the idea of a safe, or gun safe came up, but I was told by a dealer that this may not be good, indicating that things can go moldy inside a safe.has anyone else heard this? I would be interested in hearing some thoughts on using safes to store coins.thank you
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John1's Avatar
United States
56855 Posts
 Posted 11/06/2022  2:21 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Need to be aware of off gassing and moisture.
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Canada
9874 Posts
 Posted 11/06/2022  2:24 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
I guess it all depends on the quality of the safe.
I've had my safe for almost twenty years now, it's well sealed and I put dessicant packs in.
Never had any problem.

Although my safe weighs 480 lbs. it
is not as secure as a SD box.
My neighbor had an even larger safe and a pair of thieves removed it from the second floor in broad daylight in about twenty minutes.
My wife saw them removing what she thought was a large heavy dresser under a tarp on a mover's dolly.
One of them told my wife he was Tom's brother getting some furniture.
My wife noticed the make and model of the truck but didn't get the licence number as one of the thieves had mentioned the neighbor by name.
There was 5 handguns and $20,000 of gold jewelry in the safe.
The jewelry was unique and most was recovered in about six months.
The guns are still out there.
"Dipping" is not considered cleaning...
-from PCGS website
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MisterT's Avatar
United States
2004 Posts
 Posted 11/06/2022  2:27 pm  Show Profile   Bookmark this reply Add MisterT to your friends list Get a Link to this Reply
Depends on where the safe is going to be located and the surrounding environment. I have kept my collection in a safe for over 30 years now. I place dessicant packs inside the safe every so often and I haven't had any problems. Of course it is a well conditioned indoor space. I would be wary of placing one in a basement, unconditioned garage, or similar space. I would much rater have my valuables close at hand rather than in a bank's security box.
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hfjacinto's Avatar
United States
7293 Posts
 Posted 11/06/2022  4:39 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
I would recommend like above. Use desiccant, make sure the safe isn't in a place that gets wet or very humid or very hot or cold.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 11/06/2022  5:03 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Belts 'n braces policy with desiccant bags included with valuables with safe in a continuously dry location would be a good choice.

My safe is very small, but difficult to find, only the most valuable coins stored in it. Key very difficult to find, only 2 other people know where it is.

Fortunately, in more than 50 years my home have never been broken into, despite almost no security locks and zero electronic devices. I live in a very low crime rate area. That is a good situation for me, because the vast bulk of the collection is a working collection, continuously referred to and has only poor security protection.
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Sap's Avatar
Australia
16873 Posts
 Posted 11/06/2022  5:27 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Some safes are designed to keep things moist. Document safes are deliberately designed to slightly humidify the atmosphere (because paperwork becomes brittle if kept in a fully dehumidified environment), and fire safes are designed to out-gas moisture when heated. Both are undesirable for coins.

Coins won't "go moldy", but they can suffer from exposure to a moist environment, especially if that environment is not kept at stable temperature; condensation will form on metal surfaces if a moist environment is cooled, and it is that condensation that causes the damage to coins. Of course, the paperwork and ephemera that often goes with the coins (mint set cases and certificates, etc) can go moldy if kept too moist.

Storing desiccant in the safe will eliminate the possibility of condensation. Just remember, desiccant isn't magic, as it does its job it gradually absorbs water and will eventually become "exhausted" once it's absorbed its full capacity; it will then need to be dried out again (leaving it in an oven at 100 deg C for an hour ought to do it). Leaving exhausted dessicant in the dafe will literally do nothing to help you. If it's legal to obtain in your country, try obtaining some of that "indicating desiccant"; the silica gel with added cobalt chloride is perfect - it's blue when active, and turns pink when exhausted. That way you can tell at a glance if it needs changing.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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HumblePie's Avatar
United States
1217 Posts
 Posted 01/10/2023  11:07 am  Show Profile   Check HumblePie's eBay Listings Bookmark this reply Add HumblePie to your friends list Get a Link to this Reply
I bought this product about 6 months ago for my 5 ft coin safe, and I could not be happier. I keep one of the combs on the top shelf and one in the very bottom of the safe. I keep the "thermometer hygrometer" in the middle of the inside of my safe door, it has a magnet back.

https://www.amazon.com/gp/product/B...ie=UTF8&th=1

These things keep my safe dry dry dry, the thermometer is always all the way down in the red. It has alarms that can be set to let you know of any dramatic changes. I would give it 5 out of 5 stars, it is well made, the heater will do a recharge in about 2 hours and will shut itself off automatically. I find myself doing a recharge on both combs every 7 to 10 days.

The price now is $59 with a 25% clip coupon. I purchased mine on a lightning deal for $35-$40 range.





Storage-Of-Coins-In-Safes
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acloco's Avatar
United States
3540 Posts
 Posted 01/11/2023  7:51 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
Of interest to coin collectors. Very old and VERY heavy safe made it thru the worst fire. Home was reduced to less than rubble. Old safe made it with contents.

BOLT the safe down. Add a layer of sheetrock, green sheet rock, or cement board to the sides and double the thickness on the top of modern safes - regardless of fire rating.

https://coinweek.com/coins/certifie...se-wildfire/
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TinyRetreat's Avatar
United States
345 Posts
 Posted 01/28/2023  01:01 am  Show Profile   Bookmark this reply Add TinyRetreat to your friends list Get a Link to this Reply
I've had good experience with the "rechargeable" desiccant ... storing my coins in the proper 2x2 vinyl, keeping the safe consistently cool and dry ... all together great results.
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John1's Avatar
United States
56855 Posts
 Posted 01/28/2023  03:19 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
TinyRetreat,
Congrats on 50 post
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CelticKnot's Avatar
United States
12868 Posts
 Posted 01/28/2023  10:27 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
BOLT the safe down.

Agreed! As mentioned above, a couple of gorillas and a furniture dolly can easily move a 600 pound safe, but if they can't get it off the ground, MUCH more difficult.
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Keith67's Avatar
United States
6639 Posts
 Posted 01/28/2023  11:51 am  Show Profile   Bookmark this reply Add Keith67 to your friends list Get a Link to this Reply

Quote:
I bought this product about 6 months ago for my 5 ft coin safe, and I could not be happier. I keep one of the combs on the top shelf and one in the very bottom of the safe. I keep the "thermometer hygrometer" in the middle of the inside of my safe door, it has a magnet back.

https://www.amazon.com/gp/product/B...ie=UTF8&th=1

These things keep my safe dry dry dry, the thermometer is always all the way down in the red. It has alarms that can be set to let you know of any dramatic changes. I would give it 5 out of 5 stars, it is well made, the heater will do a recharge in about 2 hours and will shut itself off automatically. I find myself doing a recharge on both combs every 7 to 10 days.

The price now is $59 with a 25% clip coupon. I purchased mine on a lightning deal for $35-$40 range.



Very cool.
Ordered.
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HumblePie's Avatar
United States
1217 Posts
 Posted 01/29/2023  07:43 am  Show Profile   Check HumblePie's eBay Listings Bookmark this reply Add HumblePie to your friends list Get a Link to this Reply

Quote:
Very cool.
Ordered.


I think you will like it!

The combs should arrive in shrink wrap. They may require a recharge before using them, just gauge that by the brightness of the orange beads.

Depending on the current conditions of your safe, you may have to do a recharge on the combs within the first 24 hours of using them. If your safe has any moisture the combs will soak it right up quickly. After the air in your safe is stable, a recharge will only be needed every 7 to 10 days.

The heater will get the combs really hot when recharging them. Be sure to let them cool all the way down before placing them back in the safe. Cooling down completely can take up to 1 hour.

From what I understand this method has been used for a very long time. The original method the beads came in a metal bucket, and you had to put the bucket in your kitchen oven at 250 degrees for 2 hours. This is a much better modern version, that won't make the wife mad at you.





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CelticKnot's Avatar
United States
12868 Posts
 Posted 01/29/2023  8:30 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
That thing is pretty cool. I assume you leave the recharge base out of the safe? How big is the dehumidification stick itself? Do the beads ever have to be replaced? Thanks for sharing!
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HumblePie's Avatar
United States
1217 Posts
 Posted 01/30/2023  08:58 am  Show Profile   Check HumblePie's eBay Listings Bookmark this reply Add HumblePie to your friends list Get a Link to this Reply

Quote:
That thing is pretty cool. I assume you leave the recharge base out of the safe? How big is the dehumidification stick itself? Do the beads ever have to be replaced? Thanks for sharing!


Yes, I keep my recharge base far away from where my safe is located.

Each comb is about 7.5" tall and close to 9" round.

I'm not sure exactly how long each comb will last. From what I understand you will know because they will stop taking a recharge. I have had mine for over 6 months now, and the beads still get as bright orange as they did since day 1 when fully recharged. I'm thinking they will last for a couple years, we will see.

Extra combs are around $20. I do plan on buying more when they go on some type of sale. Instead of just buying extra combs, I'm going to buy another set of 2 with the heater and thermostat, having that extra heater will be nice so you can recharge more than one at a time.

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