Storing a coin collection properly is important to maintaining its value. The typical coin jar with coins mixed together in a container will not suffice for a serious collector. Coins in this situation will rub against each other, causing damage, and will tarnish more readily.
Small paper envelopes that are designed for coins can be a good economical choice. Paper envelopes are easy to label and store and prevent the coin jar issue of coins rubbing together. When looking for coin envelopes, be sure to find ones that are labeled as “acid free” and that are specifically made for coins. Cheaper envelopes, such as those made for office use, may cause discoloring of the coins over time.
Albums or folders that hold multiple coins are another choice. Cheaper and more widely available folders and albums may not be ideal for long term coin since the chemicals in them, such as sulfur, can cause discoloration over time.
Plastic “flips” are an option which house a single coin in a piece of plastic that flips open. These allow the coin to be visible without removing it from its case. Plastic coverings may contain PVC that can deteriorate and cause damage to coins, including leaving streaks or blobs on the coins. Mylar coverings are harder, but will not cause the same damage. Mylar lined cardboard cases are also available to take advantage of this stable material.
Slabs are more permanent, sealed plastic coverings that are professionally applied. Due to the cost involved, slabs are best applied to individual coins with high value. At the time coin is slabbed, it may also be graded and certified by a third party with the certification included in the slab.
However you house your coins, you should also consider the environment they are stored in. Although slight oxidation will not always effect the value of your coin, it is best to avoid extremes in temperature. For example, storing coins in an attic may not be advisable. High humidity can also be a problem for your coins. Silica gel is an option for absorbing excessive moisture if you are storing your coin collection in a box or cabinet. In addition to the possibility of direct damage to your coins, humidity and temperature variations may also do damage to your choice of coin storage which could cause indirect damage to your coins.
Security is another issue when deciding where to store your coins. If you have coins that are high in value, a safe deposit box at a bank may be the safest option. In general, it is best to keep collections out of site and to utilize common sense techniques to avoid becoming a target for theft. Insuring your collection and keeping an inventory of your coins can also help preserve your investment.
Storing a coin collection properly is worth the upfront effort and cost. Maintaining your coins in the best condition and avoiding future damage for years to come should be a priority for a serious collector. Some storage solutions, such as a slab, may even add value to your coin. You can determine which storage solution to use based on the value and size of your collection.
Photo Credits: aresauburn™
Originally posted 2010-08-05 03:47:58. Republished by Blog Post Promoter
Related Posts -
3 Ways to Preserve Collectable Coin Value There are more people than ever getting started with coin collecting. While not everyone is getting into coin collecting so that they can make money, it is always a good idea to preserve the collectable coin value. This is important not only because you will be able to sell your...... -
How to Start Collecting Rare Coins The world of rares coins can be fun and interesting. Coins can be a look into the past history of the society in which it was used and they can also be used preserve the legacies being made now. Each coin tells a story which makes collecting them great for...... -
How to Shop for a Coin for Your Coin Collection Every coin collector has a few different coins that they know that they want to pick up. Instead of wandering stores looking for something to catch their attention, they wander around stores and look for a specific coin. Part of coin collecting is looking for a certain coin to add...... -
Ways to Accidentally Reduce The Value of Your Coin Collection The world of coin collecting is all about coin value and the worth that your coin collection has. Each piece of your collection is broken down to get a better understanding of the collective cost. While value is not the only reason that you will pay attention to the cost...... -
3 of the Many Collectable American Coins There are several rare and collectable coins from all over the world. If you are looking to get into collecting coins and you have a special interest in specifically American coins then there are plenty of options for you to choose from. You can find collectable American coins which range......
Related Websites -
Debating: Paper Money or Coins There are plenty of different options available for anyone who is thinking about getting into collecting paper money and coins. While there are some people who try to have well-rounded collections and collect both types of currency, there are others who are simply looking to stick with one side of...... -
Top 3 Rare Gold Coins There are many ways in which you can decide the value of a rare coin. There are also many ways in which coins can populate a list. When it comes to rare gold coins, not even the rarest of the coins mean that they are worth the most. This is...... -
Coin Collecting 101 Coin collecting is an industry that has grown to encompass billions of dollars in sales. The earliest hobby of coin collecting is capable of being traced as far back as 1300 AD, which is when an Italian scholar known by the name of Fracesco Petrarca began to save coins and...... -
Why the Commemorative Coin is a Collectible Piece? There are a few different kinds of coins which you will find in most every collection. Rare coins are among the most prized of all coins you will find in a collection. Of course, these are not the only coins which you will find in a collection. You will also...... -
How to Become a Serious Coin Collector There are two different types of coin collectors in this world: those who are serious about their collecting, and those who collect for simple enjoyment. While serious collectors do get enjoyment out of coin collecting, they are much more serious and intense about the way that they collect and the......
- Owl House For Rodent Control Pest & Weed Control Gardening & Plants Yard, Garden & Outdoor Living
- Low Cost Edging, Gates & Fencing Garden Structures & Fencing Yard, Garden & Outdoor Living Nursery
- Irons Laundry Supplies Housekeeping & Organization Home Store
- Storage Cabinets, Racks & Safes Gun Safety & Storage Hunting
- Low Cost Edging, Gates & Fencing Garden Structures & Fencing Yard, Garden & Outdoor Living
