How do you store valuable coins?
Keep your coins in a stable, cool and dry location. If humidity is a problem, use desiccants to absorb atmospheric moisture. Proper storage is absolutely critical for protecting and preserving your coins.
Is it OK to store coins in plastic?
It’s not a good idea to store coins in certain types of plastic. You should avoid long term storage with materials that contain polyvinyl chlorides (PVCs), since these chemicals can discolor coins. PVC-containing plastics tend to be flexible and strong, so it’s better to choose rigid plastic containers for coins.
Do Ziploc bags damage coins?
It is a well-known fact in coin collecting (numismatics) that poly-vinyl chloride (PVC) contamination damages coins over time by leaving a slimy green film on the surface of the coin.
Should I insure my coin collection?
Like your other valuables, coins should be insured, so that they can be replaced or repaired if damaged, lost, or stolen. Look for a valuable articles policy that will provide all-risk, worldwide coverage with no deductible. Some policies will also provide a limit of automatic coverage for newly acquired coins.
Should you clean coins before storing?
Generally, the advice for amateur collectors is not to clean coins. The action of cleaning can actually devalue the coin due to damage caused as a result (scratches, coatings applied etc). However, surface greases from handling can cause further tarnishing while in storage.
Should old coins be cleaned?
Generally, it is better to leave your antique metal currency alone than it is to try and erase all the grime and grit off of those coins. Cleaning or polishing rare coins devalues them. So, if you’re planning on selling them, get an appraisal before attempting to clean your coins.
What are three different ways to store a coin collection?
Then read on and learn the many ways of storing coins, along with their pros and cons.
- Step 1: 2″X2″ S. One of the most popular types of coin storage is a 2″X2″ cardboard container lined with clear mylar.
- Step 2: Coin Flips.
- Step 3: Air-tites.
- Step 4: Slabs.
- Step 5: Store Your Coins.
- 21 Comments.
What plastic is safe for coins?
The hard, stiff, brittle types of flips (made of Mylar) do not contain any PVC. Also, some plastic or Ziploc® bags may be safe for storing your coins. The best long-term storage option is an archival quality plastic bag made of pure polyethylene or polyester.
Does home insurance cover coin collections?
With coin collections increasing in value in today’s market, now is the time to insure your investment. Homeowners insurance policies, such as: standard homeowners, condos, coops and renters insurance provide limited coverage for valuable property like coins, money, securities, fine art, jewelry and similar items.
Can you store coins in plastic bags?
Soft PVC and cardboard contain sulfur and other acidic or oxidizing materials. For expensive coins that can be tarnished, collectors should avoid using cardboard folders, paper or plastic bags, certain plastic tubes, and any other storage container that isn’t chemically inert.
Is a 1947 copper penny worth anything?
In general, you can quickly find a 1947 penny in low grade at a price under a dollar, while uncirculated coins are relatively rare. If you have the uncirculated 1947 Wheat penny, you can sell it for $2 to $20, depending on its condition and the dealer you choose.
Are Ziploc bags good for coins?
A Ziploc bag or other plastic bag will most certainly contain some PVC, as do most inferior grade plastic products. A few years down the road, readers of this article who have followed Higdon’s advice and used a baggie to store their coins may find their coins irrepairably damaged and much less valuable as a result.
Is it good to have a coin collection?
Believe it or not, collecting coins can be fruitful. Not only do many coins gain value, but if you decide that collecting is not for you after trying it, you will likely get all of your investment back, a rare occurrence when it comes to most investments. Prices of some coins will fluctuate with metal prices.
Where can I buy a coin holder?
Hundreds of coin holders, including plastic and cardboard 2x2s are available at The Coin Supply Store. We provide coin holders and currency holders, including those made by Whitman, H.E. Harris, Coin World, Edgar Marcus and many other trusted coin supply
What is the coin supply store’s specialty?
The Coin Supply Store’s specialty is coin holders and cases. We are proud to provide you with the best coin collecting holders in Numismatics. We have many different styles of coin holders, including those made by Whitman, H.E. Harris, Coin World, Edgar Marcus, and many other trusted coin holders and cases manufacturers.
How do I care for my commemorative coin or mint set?
Any time you buy a commemorative coin or mint set, they should be kept in the original holder or cases. If the case or holder is damaged we have the replacements to keep your coins in their original condition. If you can’t find the coin holders or cases you are looking for, please contact us and we will be happy to help.
What happens if my Coin Case or holder is damaged?
If the case or holder is damaged we have the replacements to keep your coins in their original condition. If you can’t find the coin holders or cases you are looking for, please contact us and we will be happy to help.