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 Replies: 12 / Views: 1,990 |
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New Member
United States
5 Posts |
I'll try to keep this brief while getting across the necessary info. Purchased 10ea 2016 silver eagles on Friday, from someone in the LA Jeweler's district who does not normally deal in coins / bullion. Someone had brought them in very recently, he paid his "buy" price, turned around and sold them to me at his "sell" price after some heated, negotiations including significant language difficulties. Got ten coins in a single coin "baggie."
With GF moving this week after 6 years in same apartment, I knew that I would have zero free time once I left work on Friday afternoon. So I stopped at art supply shop near jewelry district. (Not knowing when I would have time to purchase more suitable storage options.) Purchased two sheets of acid free, archival paper,(meant for ?) and a couple of archival storage bags. After a crazy gentle dabbing of each coin (no rubbing) with soft cotton to absorb any finger oils, each coin was folded into a 6" x 6" piece of the acid free paper; I wanted a few layers to add some padding. The ten wrapped coins were placed into the storage bag (all on a single level, no stacking) and the bag was folder over, clipped closed and put into a safe place.
A couple of quick questions:
. should this be OK until I have a moment to breathe and purchase something more suitable?
. if NOT, what do I need to change?
. if this will last for a week or two, where is a suggested shop (prefer LA area, but online if necessary) to purchase good long term storage solutions? (I'm hoping to grab 10 eagles every week or two until there is a move closer to $20/oz
Thank you. (sorry if this has been covered previously, but I didn't have much luck with my initial search efforts, but that will improve as I get to know my way around the site.
Thank you.
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Pillar of the Community
United States
2543 Posts |
 A zip lock bag would have sufficed. I know they are beautiful when new, the silver just shimmers. Baby them all you want many people do. Bottom line is, they are bullion and their worth will always be tied to spot silver price. Nicked, worn, scratched, toned, with close to 50 million sold, they will never be worth more than their silver content. That being said, I do love me some brand new eagles right out of the tube |
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Pillar of the Community
Canada
3692 Posts |
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Valued Member
United States
477 Posts |
Floor safe and put some object on top top of it that weighs several hundred pounds
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Bedrock of the Community
Australia
21788 Posts |
They are a bit easier to re sell in pristine condition, even if you don't get any more for them.
Acid free padding or wrapping, then in a clip lock bag should be OK.
If you are a fanatic, put them in individual acryllic capsules, perhaps even re sell them that way, if you have to, sometime in the future.
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Pillar of the Community
United States
992 Posts |
What you did is fine for a couple of months, but plan on moving them into mylar flips as a minimum as soon as you can. If you want to spend an additional dollar on each of them, get some Coin World Premier Holders and slab them. |
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Pillar of the Community
United States
7390 Posts |
Fyi, The acid free paper they sell is mainly used as backing for photos in picture frames as it seems you were unclear of what it's usual use was
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New Member
 United States
5 Posts |
What you did is fine for a couple of months, but plan on moving them into mylar flips as a minimum as soon as you can.
If you want to spend an additional dollar on each of them, get some Coin World Premier Holders and slab them.Thanks for the info - the mylar "flips" sound like the way to go (once I google the term and learn what the heck they are....) re: the "premium holders" - no, my goal is to keep costs as low as practical, while keeping everything safe, in reasonably good condition, etc. related question - assuming I have some quantity of these things, but just don't want one of those "Monster" boxes from USA / Canadian mints. Has anyone found something like a 2" x 2" by 10" or 12" - basically a long, skinny rectangular box that would hold maybe 50+/- Eagles in the slips? Whether originally sold for holding coins or cookies, has anyone found a box like this? The advantage is that these smaller boxes would be easier to stash in places that just would not fit a 'monster" box. alternative suggestions? thanks
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Pillar of the Community
United States
1119 Posts |
Edited by Steele
05/16/2016 01:10 am
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New Member
United States
5 Posts |
boxes: http://www.wizardcoinsupply.com/pro...-coin-boxes/That Wiz site seems like they carry anything I could ever need. No chance they have a Hollywood outlet store?  Anyway... for a couple of dollars worth of mylar slips and a few of those 9" boxes, I'm guessing I'll be able to store 50ea ASE in a rather small spot. (I'm guessing around 50ea per 9" box, or is my math way off?) Just have to remember where they are all stashed;; nothing worse than waking up old one day and not knowing where you hid all the good stuff....... |
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Pillar of the Community
United States
1119 Posts |
Wizard is a good company. I have ordered from them a few times never any problems. ASE Thickness: 0.117 inches (2.98 mm) 9.0"÷0.12"=75. Probably a few more then fifty depending on the thickness of the flip you choose. |
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Valued Member
United States
477 Posts |
Do you own your house? Get somebody to drill a hole into your foundation in your basement, insert a floor safe
or possibly do some remodeling and put a safe inside your wall
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Pillar of the Community
United States
1119 Posts |
Quote:
Do you own your house? Get somebody to drill a hole into your foundation in your basement, insert a floor safe
or possibly do some remodeling and put a safe inside your wall he is asking for short term storage |
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Replies: 12 / Views: 1,990 |
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Posted 05/14/2016 6:12 pm
