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 Replies: 24 / Views: 2,998 |
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New Member
United States
46 Posts |
i keep mine in a plastic container on the shelf in my room. where do you keep yours?
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Valued Member
United States
226 Posts |
I keep "mine" in a humidity controlled fire proof safe. Of course this all depends on what it is that your storing and weather or not "it" is susceptible to environmental damage or prone to theft. Logic dictates that you would not want to store $50 worth of coins in a $1000 safe, unless of course you plan on spending several thousand dollars on coins in the near future. My grandfather kept thousands of dollars worth of coins in his garage and never had any problems, but that was many years ago. I strongly suggest that your storage needs should follow your collecting abilities and the value of your collection. Keep in mind that the enjoyment of collecting should be a the forefront of your mind, otherwise your just another investor "playing the market".
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Pillar of the Community
United States
4085 Posts |
I put my nicer coins in Air-Tites and then store them in a fireproof safe in the basement. The safe is bolted to the floor so a theif can't just walk out with the entire safe.
As your collection grows in value, you will want to take precautions to protect the coins.
Ken
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Pillar of the Community
United States
1130 Posts |
I keep my more expensive coins in a bank safety deposit box. The slabs at home go into NGC slab containers and the 2x2 mylars and airtites go into plastic boxes.
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New Member
United States
22 Posts |
I guess storage is based on what you have, what its worth, and what condition its in. Ive been slowly moving my collections from the Whitmans to Danscos. And Ive cleaned up alot of bulk with 6 row 2X2 storage boxes. And whatever doesn't fit in my safe, I'm selling it. I'm realizing that I need to get rid of what I have in excess and use the money to buy a few better coins instead. So its based on what you have and how well it needs to be protected. But there are a few things that should be pointed out. PVC is Bad!! Those 2X2 all plastic flips contain PVC and so dont the albums with plastic pages and plastic inserts. Anyhow, the Plastic contains PVC, and PVC will ruin your coins. So do not use anything that contains PVC. Safe alternatives would be Whitman Folders for circulated coins, Dansco for MS coins, 2X2 Mylar flips for better coins or ease of organization, or tubes is you have an excess of any type. Oh and if your collecting Bullion coins with high silver content such as Silver Eagles or Kookaburras, you should put those in Air Tites. Oxygen can really do a number on silver. And the more pure the silver is, the faster the oxygen will tone them. I'm sure everyone has seen Silver Eagles with some severe toning.
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Valued Member
United States
130 Posts |
I use a safety deposit box for long term storage - mint and proof sets that I'll simply not touch for a long time, if ever. I don't have any single thing of significant value so I also keep some things at home in a safe. I do use Dansko albums for collections that interest me. I've seen the same thing as DJP7x0s - my non-proof Silver Eagle's are toning in the album. I would not put my proofs in one, preferring to use the OGP instead.
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Valued Member
United States
60 Posts |
I keep my more valuable coins in a fireproof box. I have pennies strewn about in various spots as I sort them and fill holes in my album.
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Pillar of the Community
United States
628 Posts |
I keep most coins in a bank deposit box.
I was surprised to hear the bank does not insure the contents of its deposit boxes, and I'm not sure my home-owners policy covers this either, I need to check.
I know it's a long shot, but bank deposit boxes do get robbed from time to time.
Maybe I can buy a rider.
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No longer with us
United States
207 Posts |
Is using 2 by 2's a bad idea for coins?
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New Member
United States
22 Posts |
It depends on which type of 2X2s. Are the Cardboard with Mylar Filament? If they are that type, thats fine and those are what you should be using. But the all plastic ones with a plactic pouch, those are the bad ones. They are fine for short term storage such as shipping. But they will cause PVC damage if you keep the coins in them. It wont always happen right away but it can. You will see alittle bit of greenish stuff on the coin. The green stuff is kind of sticky once theres alittle bit on the coin. Anyhow, that green stuff is what eats the coin. Even if you take the coin out of the PVC holder, the PVC damage continues to grow and eat the coin. The safest way to kill and remove the PVC damage is a bath in Acetone and then rinse with distilled water.
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No longer with us
United States
207 Posts |
Ok thanks, I have the cardboard ones.
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Valued Member
United States
60 Posts |
At the moment I keep mine in 2x2 Cardboard Mylar Holders. As my collection grows I'll probably put those into 2x2 boxes. My "valuable" coins $50+ will most likely go into Air Tite Holders w/ Rings...when I get some.
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New Member
 United States
46 Posts |
just out of curiosity, does temperature/humidity affect the way you should store graded coins?
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Valued Member
United States
168 Posts |
my are all in slabs in a very safe climate controlled place within the house. I'm not a millionaire so no need for special codes and trap doors.
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Bedrock of the Community
United States
20753 Posts |
Storage of coins is actually pending on many, many things. Such as your invironment, how you store them, what is in the area, etc. For example some of the previous statements here are absolutely rediculous. For example the Darkening of Silver is not normally Oxydation but possibly Nitration, Fluoradation or even Sulfurazation. The rediculous fear of PVC is also grossly exagerated. PVC is a stable polymer or a multi elemented plastic and is a covalent compound. It melts at 212 degrees F. Very soft PVC's have Phthalates added to make them more flexable but those usually leak off after a period of time making the PVC safe. Oh if your so worried about PVC go to any hardware store and note the massive amount of PVC piping used for the water supply of your homes. Will this mean you insides will turn green?
Placing a coin in an air tight, fire proof safe is also pending on the air you shut in when you close the door. Many people have those safes in a basement where there is high humidity and when the close the safe, they seal in that humidity. Some more expesive safes have a dehumidifying system for that reason.
Where you live makes a difference. If you live in an area where there are or have been open hearth steel mills the area may be rich in Sulfur compounds that will attack the Silver or Copper in coins forming Sulfides, sulfates. Same with some Fossil burning types of power plants. If you live real close to may swimming pools that utilize Chlorides you may end up with darkening of your Silver coins.
Silver and Copper are both highly reactive with many things such as Nitrates, Fluoriines, Sulfurs, etc.
Just keep all your coins in as much air tight containers as possible.
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Bedrock of the Community
United States
20753 Posts |
But the all plastic ones with a plactic pouch, those are the bad ones. They are fine for short term storage such as shipping. But they will cause PVC damage if you keep the coins in them. It wont always happen right away but it can. You will see alittle bit of greenish stuff on the coin. The green stuff is kind of sticky once theres alittle bit on the coin. Anyhow, that green stuff is what eats the coin. Even if you take the coin out of the PVC holder, the PVC damage continues to grow and eat the coin. The safest way to kill and remove the PVC damage is a bath in Acetone and then rinse with distilled water.
The above statements are completely bogus. You can contact manufacturers of those plastic flips and they will tell you they do NOT have those made of PVC. Some way, way back did have PVC as a part of the process but due to massive complaints, none now use PVC. Zip Lock and similar plastic bags that could and are used for foods do not contain PVC. Green stuff? Just what is that green stuff? PVC if it did attack Silver would not turn green. If you have green sticky stuff on your coins, you really have a problem and it is not PVC. Just how does this sticky green stuff eat a coin? Coins that accumulate toning, corroding, tarnishing are metals that are combining chemically with another substance such as a gas and humidity. A coin, any metal actually, requires gasses such as air and humidity to start a chemical process. If coins are kept in an air tight invironment, nothing will happen.
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Replies: 24 / Views: 2,998 |
Posted 01/26/2008 8:37 pm
