Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Silver Bug

Like Tree1Likes
  • 1 Post By 11C1P

Reply
 
LinkBack Thread Tools
Old 12-23-2017, 07:49 AM   #1
Fly on the wall
 
Join Date: Sep 2015
Location: Massachusetts
Posts: 63
Liked: 16 times
Storing Coins

Is there any problem with storing coins stacked in those plastic tubes they are often shipped in?

It doesn't seem like it to me since they are nested and protected from human hands and other environmental affects. But as I grow older I know the most important thing you should know - that you DON'T know everything and it's often better to ask before rather than after.

Thanks.

FPrice is offline   Reply With Quote
Old 12-30-2017, 04:18 PM   #2
Ground Beetle
 
Join Date: Oct 2011
Location: Here, There, and Everywhere
Posts: 633
Liked: 388 times
You have not told us enough to answer your question. It all depends on the quality of the coins that you want to store. Like what kind of coins are you talking about? Mint state? Junk? Somewhere in between?
__________________
If you keep doing what you are doing, You will keep getting what you are getting.
If you don't like what you are getting, You must change what you are doing.


http://mmerlinn.com

GOLD is the money of KINGS.
SILVER is the money of GENTLEMEN.
BARTER is the money of PEASANTS.
DEBT is the money of SLAVES.
- Norm Franz
mmerlinn is offline   Reply With Quote
Old 12-30-2017, 05:28 PM   #3
Fly on the wall
 
Join Date: Sep 2015
Location: Massachusetts
Posts: 63
Liked: 16 times
They are the standard (?) new silver coins (ASE's, Maple Leafs, 1 oz Buffalo rounds), generally from Aydin, that come in foam jackets usually. Sometimes if I order enough, they come already stacked in these plastic tubes.

I am slowly getting to the point where I have enough that I need to re-think my storage options and plans.
FPrice is offline   Reply With Quote
Old 01-02-2018, 09:44 AM   #4
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,055
Liked: 2451 times
I store coins/rounds in mint tubes and in the (1 or 2 coin) plastic sleeves. There shouldn't be an issue unless you are storing them someplace really hot (attic perhaps) to where the plastic could melt.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 01-17-2018, 02:32 PM   #5
Fly on the wall
 
Join Date: Jan 2018
Posts: 32
Liked: 0 times
Do you prefer to store coins instead of investing in them?
Christian is offline   Reply With Quote
Old 01-17-2018, 04:54 PM   #6
Fly on the wall
 
Join Date: Sep 2015
Location: Massachusetts
Posts: 63
Liked: 16 times
Originally Posted by Christian View Post:
Do you prefer to store coins instead of investing in them?
I do not understand your question.

Are you asking if I prefer to purchase physical gold/silver versus investing in PM stocks?
FPrice is offline   Reply With Quote
Old 01-17-2018, 05:10 PM   #7
Ground Beetle
 
11C1P's Avatar
 
Join Date: Aug 2013
Location: North Dakota
Posts: 962
Liked: 504 times
Originally Posted by Christian View Post:
Do you prefer to store coins instead of investing in them?
singleshot likes this.
11C1P is offline   Reply With Quote
Old 01-17-2018, 05:49 PM   #8
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 1,982
Liked: 877 times
None of Christians comments make a lot of sense

I'm leaning towards botstian
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 01-18-2018, 07:54 AM   #9
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,055
Liked: 2451 times
After reading several of his comments, I think he is here to promote a gold backed cryptocoin. And yes, Christian, I prefer physical metal.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 02-13-2018, 10:42 AM   #10
Predaceous stink bug
 
Join Date: Nov 2011
Posts: 110
Liked: 54 times
Protected from abrasion and human contact in tubes yes.
In flips not so much, as more surface contact probable.
Environmental effect will readily appear in flips & tubes - toning.
This toning shows where an exchange of atmosphere occurs.
Even never opened Monster Boxes of SAE will show such after several years.

In order to reduce/eliminate toning, temperature control and vacuum sealed would be necessary.
From mints like Canada & Rwanda(Germany)sealed sheets do not tone.
So far these Lunar and Panda Privy series have not, look online.
2016 CDN 5 Blessings silver in sheets no tone European Mint.
My NWTM sealed 1,5, & 10 oz silver bars which have maintained the seal have not toned. The ones which showed breaches(improper cuts) in seal in 2009...
Wow toned where seal damaged.
Sheets for sale on eBad; CDN, Rwanda, China, etc 5-7 years old look new, no tone.
All of my metals are not in temperature controlled storage; the boat sank.
But are wrapped, tubed, ziploc bagged, & sealed box to reduce exchange.



Resale, on ten year old SAE tubes, sealed boxes, singles, etc is slow and low priced. The premium appears to be unavailable to small sellers. APMEX will buy at spot 2009 monster box, and sell with $6 +- premium. Therefore sealing Maples, SAE, & rounds, no profit gain long term.
Purchasing vacuum sealed from mint or dealer worth it... to an extent... if there is a numismatic bullion profile, Perth Mint, Rwanda, China Pandas, Libertads, Somalia Elephants etc, yes.
SAE's and Maples do not, and will not. Especially with market in hibernation.
So double ziploc and sealed container(glass does not breath, plastic does) any tube or flips you wish to have minimal toning. Vacuum seal 2x any you must or wish to protect.

I enjoy toning by placing on upper window sill in kitchen. Every time one cooks onions, sulfur is released and toning grows. Right now toning (5) 2015 1 oz Libertads. Takes 6 -8 months for golden centers, rainbow rims, and dark edges.
One must roll down the sill, flip and roll back on order to capture uniformly.
These are not mint, show hint of milk spots, so covering with gold tone and selling to tone worshippers... maybe.

To rid your silver of toning, buy E-Z-Est silver cleaner.
Follow directions, wear gloves, ready the rinse, and clean surface to place upon, and shiny returns 100%.
Great for silverware, rings(no stones) or dug silver relics and coins, like I find.
This product does not damage silver.
None the less, do not clean old numismatic coins.
I have and sold afterwards to dealer no problem or declaration of "cleaned" coin made by dealer.
Note: Do not dip silver in container, if you have dipped copper. Keep separate.
drAGonfly47 is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Best coins to buy? Maxibillion Gold Bug 4 01-17-2018 03:15 PM
bars or coins? chopola Gold Bug 4 02-12-2015 09:05 AM
Review: Gainesville Coins PMBug Marketplace 25 11-17-2014 04:28 PM
Karen Hudes: Bank of Hawaii storing 170,000 tons of gold PMBug Gold Bug 18 10-16-2013 11:01 AM
Storing PM's 69mach351 PM Bug 6 06-13-2012 09:50 PM


All times are GMT -5. The time now is 09:19 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.