Best way to store Bullion Bars

Discussion in 'Bullion Investing' started by Comixbooks, Aug 10, 2015.

  1. Comixbooks

    Comixbooks Active Member

    I made the mistake with a 1 kilo RMC bar being that it's poured the surface was easily scratched and finger marked because it's poured the surface is more fragile. So I got a 10 OZ Canadian bar this time the last time in 1995 I had a Canadian silver maple leaf and it discolored in the sealed PVC package so I know it's not really safe to store it in the Mint enclosure.

    So looking for some kinda a material that won't make it discolor.
     
    swamp yankee likes this.
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    You need a cool, dry environment. Airtites or Saflips are fine and are best used with a rechargeable desiccant, but you need to regulate the temperature and humidity.

    Chris

    Oops! You said bars, didn't you. Sorry!
     
  4. medoraman

    medoraman Well-Known Member

    I would just put it in a large food baggy. They do not contain PVC and will keep the toning pressure down. If concerned about toning, put some fresh silver or cents outside of the plastic bag. If they tone, replace them and find the source of toning.
     
  5. dwhiz

    dwhiz Collector Supporter

    Send them to me, I'll take good care of them:woot:
     
  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    LOL. I'll take really good care of them, at no cost.:D
     
    dwhiz likes this.
  7. dwhiz

    dwhiz Collector Supporter

    You take half and I'll take half and we'll see who takes better care of them:woot:
     
  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    Deal!
     
  9. galapac

    galapac Seeking Knowledge

    who cares about bullion toning...its not collectable unless its old Engelhard and people love the toning on those...
     
  10. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    Probably guys that like their bars shiny? I've left all of my bars in mint sealed plastic and have no issues with them toning unless the seal is broken. You're correct that it really doesn't matter, as there is little chance of premium increase on generic bars. It's very rare that they actually become truly collectible.
     
  11. galapac

    galapac Seeking Knowledge

    Well one way to do it that has worked for my Scottsdale's is vacuum sealed bags with a Foodsaver. It takes all the air out and the plastic is food grade so no contamination....I did this just on my Scottsdale's because they were higher premium and I could sell these on eBay for a profit in the future due to the shiny:greedy:.
    But you're right...to each their own
     
  12. SD51555

    SD51555 Active Member

    Because the ability to go downstairs and look at those shiny bars cushions the blow that we're sitting on bullion that is significantly underwater. I've come to terms with it already, but its a little treat in an otherwise terrible investment at the moment.

    I'm still a believer though. Just taking a long damn time to be proven right.
     
  13. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    I have a wire brush and a water tight plastic mat that I can work on. I promise to clean and polish them well, and I'll take the mat with me when I'm done, leaving no specs of gold or silver behind. :)
     
  14. Hubhuber

    Hubhuber New Member

    That's sure the value of bullion bars is in their purity and weight,if they were coins ,I would be really unhappy.
     
  15. Silverhill58

    Silverhill58 New Member

    I'm with you. I pull mine out from time to time and still get a good feeling looking at them because I'm confident a event will occur and silver will make a move. I look at it like physics (Gotta swing back the other way)and the law of averages.
    Keep on believing.
     
  16. swamp yankee

    swamp yankee Well-Known Member

    As long as there's oxygen available silver will discolor eventually. I like being able to breathe,you?The bars are only Bullion so there's no need to fret about it having the surface blackened. The stuff from the Atocha wreck was black/corroded and yet still worth just as much + as the day it sank.
     
  17. yakpoo

    yakpoo Member

    There's no oxygen in the trunk of my car...store 'em there.
     
  18. Silver Planet

    Silver Planet New Member

    I keep mine in metal ammo cans with a rubber seal. Seems to stop any rapid toning. Off site stuff? Not sure; don't see it often.
     
  19. SD51555

    SD51555 Active Member

    I also throw silica packets in each of my storage containers. Mine are also air tight. Toss in a silica packet and you're pretty darn close to good short of spending a ton more money. At some point, you need to heat up those silica packets to drive the moisture back out, but it'll keep you for a while.
     
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