How Collectors Store Their Coins

People have collected coins for about as long as coins have existed, so it should come as no surprise that just as coins have changed and evolved over the years, so too have the means with which collectors store and preserve them. Old coins in Mill Valley, CA that have been properly stored will remain in better condition and be worth more over time, ultimately making them a more valuable object for your heirs.

Metal is definitely durable, but certain types of metals will react poorly with various environmental factors. Gold is really the only one that is not going to have as large of a risk when exposed to these conditions, but most coins are made out of metals like copper and silver, which are among the most chemically reactive metals.

Exposure to conditions such as humidity, extreme temperatures, acids, air pollution, chlorine or simple improper handling can result in deterioration of the metal and loss of value in the coin. Therefore, proper storage is crucial for keeping your collection in good condition. While there’s no guarantee that any type of storage solution will completely protect your coins from potential damage, there are some methods that are quite reliable.

Here’s a quick overview of some of the best storage solutions that are frequently used by collectors:

  • Container: You shouldn’t just throw your collection into a box, jar or other type of loose container, because this will cause the coins to jangle around and collide with each other, resulting in significant damage. Plus, those loose containers won’t give you much in the way of environmental protection. Instead, you should make sure you keep the coins in a coin holder, album or folder. This will not only protect each individual coin from physical damage and environmental exposure, but also help you keep your coins organized by giving them each their own place. You can then label them with dates, mint marks and other information for better cataloguing.
  • Location: Where you store your collection once it’s placed in your proper coin holding album or folder is just as important as the container itself. You need to keep it out of a humid area, and should not place it in an area that sees extreme temperatures. You should avoid keeping it in a basement or attic, for example, if you know those locations are subject to those conditions. If you live near a coastal area, you might want to take extra precautions to protect your coins from the salty environment. Copper coins are especially likely to see environmental damage in these areas.
  • Safe deposit boxes: You can choose to store your coins in a safe deposit box at a bank, where you can be completely certain they’ll be safe. However, the main drawbacks to this are that it’s going to be the most expensive storage option, and also will prevent you from being able to enjoy the collection at your leisure if you like taking it out and sharing it with people. But if the collection is more of a financial investment than a hobby, it can make sense to take out a safe deposit box somewhere.

For more information about storing old coins in Mill Valley, CA, contact the experts at Collectible Coins & Jewelry today.

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