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 Replies: 9 / Views: 2,870 |
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Pillar of the Community
United States
5831 Posts |
My belated Christmas present to myself just arrived -- five 1-oz. Gold Buffalo (bullion) coins that I ordered last month when gold dipped to around $1220 (pity I didn't wait a couple of weeks until it dipped below $1200, but what ya gonna do?) Anyway, they arrived in what looks like official U.S. Mint blister packaging. Does anybody know whether this is adequate for long-term storage, or should I move the coins into lighthouse capsules or something? I know they are just bullion, but I'd still like to keep them tarnish free. Here's a quick and dirty pic taken with my phone, if anybody is interested:  |
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Bedrock of the Community
United States
12437 Posts |
The blister packs are fine for long term storage, tarnish is not an issue for .9999 fine gold. However, it is very soft gold so anything banging into a blister pack Buffalo could potentially ding it.
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Rest in Peace
United States
4078 Posts |
Wow! Wish I had your coin budget.  Not sure about the U.S Mint blister pack but these beauties need more protection. IMO Anything you post Barryg, I have an interest. You have been here a long time with some great post.  |
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Rest in Peace
United States
4078 Posts |
Again Biokemist to the rescue. |
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Pillar of the Community
 United States
5831 Posts |
Quote:
Wish I had your coin budget Actually, believe it or not, I would have rather purchased some high-end coins or currency with the money. Alas, I had already totally exceeded my coin budget for the year by the time Christmas rolled around. I think of this as pure investment-grade bullion and it was actually my wife's idea to get a little gold if and when prices dipped at the end of the year (which they did). Ah well, what's hers is mine and vice versa, so it's all good... Oh -- and thanks for the responses! I'm not a huge fan of blister packs, but I'll probably leave them in there for now. |
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Bedrock of the Community
Australia
21786 Posts |
.9999 gold will not tarnish, but it IS soft.  with biochemist6, and for the same reasons. If these coins are just going to be stashed and not looked at, perhaps the existing packaging is OK. I would be more inclined to go for protection in individual acrylic screw capsules. Large dense gold coins such as these have a tactile feel to them, yet individual encapsulation allows you to handle each as a coin, without nearly as much care required in the handling of them. Potential mechanical damage becomes much less of an issue. I have a 1937 British Five Pounds proof and a St Gaudens in individual screw capsules. They can be obtained in exact sizes to fit the coin. |
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Pillar of the Community
United States
5820 Posts |
Nice mini hoard Barry,
I know about the part that exceed the coin budget, but what ya gonna do as you said. LOL! You have to get your gold addiction fix! Right!
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Pillar of the Community
United States
3789 Posts |
Barry, I like them in the Mint packs , hope you keep them in them like that, will add to future re-sell value I am sure.
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Valued Member
Canada
158 Posts |
I have kept mine in original mint packaging and so far problem free. Mind you they are in the back of the safe and don't get handled regularly as I don't consider them part of my collection.
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Pillar of the Community
United States
1817 Posts |
Get the capsules, Barryg. 32mm/H sized direct fit or ringed Air-Tites, your choice. ALL the bullion I have are capsuled and rolled into a Cap-Tube made for the H sized Air-Tite, 20 per tube and stored in the SDB. I'm not fond of the Mint's blister packaging as if they were $6.95 bronze medals. Not for a soft $1,300+ .9999 gold coin. They should come in capsules in the sheets just like the Chinese pandas.
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Replies: 9 / Views: 2,870 |
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Posted 01/06/2014 4:20 pm
