Air-Tites vs Stacking BU Gold Coins

Question 1:
This is a question for those of you who are more experienced and have been doing this for many years. In 15 or 20 years from now, will my 1 oz BU Gold Coins be worth any more or less if I stack them securely in tubes VS putting them in Air-Tites?

(My concern is about the Space the Air-Tites take up vs stacking, not about about the cost of them.)

Question 2:
Whatever your answer, would you say the same goes for 1/2 or 1/4 or 1/10 BU Gold Coins?

Question 3:
I bought a few 1/10 BU American Gold Eagles from JM Bullion and they packed them in a coin tube with some white styrofoam "peanuts" to keep them packed tightly and prevent them from bumping around. Do you think the white styrofoam peanuts would harm the coins long-term (15-20 years)? If so, what can I use instead to keep them packed tightly in a tube?

Question 4:
Have any of you experienced any issues with the black or white Foam rings in Air-Tite capsules negatively affecting either Gold or Silver coins in a 10 to 15 year period of time?

 

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#1
Yes gold is soft and a protective measure would help to keep them Minty.
#2
Yes refer to #1 and buy what you like, one of Everything philosophy isn't really a bad thing....were talking gold.
#3
I'd repackage in airtight containers and small ziploc bags.
#4
I'd have to go look at rings on silver, but I switched to a straight airtight container without the ring.
#5
Storage in a solid container (like an NGC/PCGS or Monster Box) would ease in transport, preserve your collection from accidental damage.

 

Thank you very much for all your helpful advice!
I didn't think of getting a monster box simply for storage/transport. It's a great idea. Thanks.
I was thinking about the straight capsules without the rings but the few direct fit capsules that I had scratched each other because they weren't all the same size and bumped against each other in the tube. I guess it's better that the capsules get all scratched up than the coin itself. But the capsules with the rings allow me to keep all the coins in a single size plastic tube with no movement. I wish they made the rings for the OUTSIDE of the capsule, so that they can all fit into a single tube. Oh well.

 

Truthfully, I don't see the value of airtights, etc for gold or silver pieces.

I simply put them in tubes OR flips. Those tubes/flips may be rubberbanded together and put in air tight containers (ie, like Rubbermaid) with a 3M antitarnishing strip and a rechargeable antihumidity silica packet.

The airtight containers to me is simply an additional expense which raises the the total cost of the bullion coin which is really only valued on the bullion + numismatic value depending upon your perspective of it.

your real question is in "Handling" of the coins. Ie, don't drop them whether in airtights, flips, containers, etc. As the jolt, etc may cause some damage. And of course don't shake the container like a popcorn bag. Careful handling will prevent marring/damage no matter what container you put the bullion in.

When I put coins in tubes and can't fill up the tube, I put inert (or whatever they call it) paper crumpled in it to fill up the space so the coins can't "bounce" up/down. Foam, etc could also fill that space. Just something that won't react with the metal to tone it, etc.

 

Re Silver:
I know this thread was about gold, but I was just labeling some of my silver and noticed that although the Canadian Maple Leaf Tube of 25 1oz Silver coins comes in a tube specifically made for them, the tube is not a direct fit and there is room for movement on top. Either the company that I bought it from or the Canadian Mint itself put 2 white styrofoam packing peanuts at the top to prevent the coins from moving around.

I'd rather not transfer full tubes of 25 silver coins to individual Airtite capsules. It just doesn't seem worthwhile.

Does anyone have any advice on what I can put in at the top of the tube to substitute for the 2 white packing peanuts? I plan on buying a few more of these Silver Maple Leaf 1 oz tubes but don't want them knocking around and getting all scratched up.

 

Okay, great. Thank you! Lots of great info here!

Coin supply stores sell most of the things you talked about, but I haven't been able to find inert paper or some other inert soft item that I know for certain wont react with the metal and can fill up the space when the tube isn't full. Any advice on where to buy something like that?

 

Look for "YUPO paper"
I don't buy it for coins. I buy loose sheets/packages for my daughter when she was doing charcoal and painting. So I happened to just have it.

otherwise I was originally using those same packing peanuts and brown, thick packaging paper to fill the gap in tubes.

Of course, I never really investigated the YUPO paper, just heard it was more inert for archival purposes, had it, and thought it was better then the alternatives that I had.

It will take a lot to tarnish Gold. So I'm not to worried about it but was worried a bit with all the Silver ASEs I had in tubes with that gap at the top mostly in non-ASE gov't tubes.

 

Okay great. Thank you! Yes, I'm worried about the silver - the Gov't issued tubes for the Canadian Maple Leafs have a big gap at the top of a tube of 25. They put so much effort into making the coin (radial lines, privy mark, etc), you would think they could give just a bit of thought about the tube they will be putting it into and how the coins will fit.

 

Yes, there's no question that you should put gold in airtites or something similar. If you've just spent $1300 on an ounce of very soft pure gold, why not spend $1 on an airtite to help protect it from scratches?

Yes, it is just bullion, and yes, most buyers will not care about the condition, but it is going to be yours to look at for many years and to handle as you please. Don't you want to be able to handle it as often as you want, how you want without risk of damage? Wouldn't you like to be able to resell it for a little bit more to those few people who do care about condition? If the answer is yes, then spent the extra $1 for an airtite.

This goes for all sizes of gold coins.

Personally, the direct fit foam rings seems unnecessary to me. But, sometimes for 1/10 oz pieces they are more attractive.

For silver, I have been able to find airtites for less than 50 cents each in bulk, and I put some of my silver bullion in airtites as well.

 

You're 100% right! It was more a question of space that concerned me. There's a limited amount of space in my bank safe deposit box as well as home safe. I like the idea of the airtite capsules. But it sounded from some people like it made NO difference at all because "it's just bullion" and that I was being ridiculous for fussing with the airtites instead of just stacking them and saving space.

I may need to get a bigger box at the bank, but I will do it happily.

I happen to REALLY like the Gold Maples - they are a beautiful coin. So much prettier than the Gold Eagle. Of course it's a matter of taste. But I like the sleek look and those radial lines are gorgeous.

 

If I were you, I'd stick with the box you have. It's a real pain to switch and turn in keys and for them to assign another box. Plus, if you're getting your current box for free with an account, you may run into trouble switching. I keep only my gold at the bank safe deposit box. I wish I had more, but a medium size box will hold it my entire life. Silver, I keep at home in a home safe. For silver, its weight, plus my safe, plus my home security is sufficient to protect it.

 

You have a good point. It is, in fact, the silver that takes up all the space in the box (not to mention how heavy it is!).

My fear of keeping silver in a home safe is the following. I live in an area that was affected by a major Hurricane 5 years ago (declared a nat'l disaster, etc). Although where I live wasn't flooded, less than a mile away it was flooded badly. We lost electricity for 2.5 weeks and had a mandatory evacuation. Looters made their way around the residential neighborhood with saws and axes stealing home safes. Local law enforcement couldn't keep up and it was volunteer law enforcement unit was brought in from about 25 miles away. Thankfully I wasn't affected. For reasons I wont get into I'm not moving away. I've secured my home as best as I can, but when a neighborhood is evacuated and there is no electricity for weeks, thieves with axes and determination would likely be able to make their way in. They come with metal detectors so they can find the precious metals a person keeps at home whether it's kept in a home safe, or just stored under the floor boards.

I don't want to keep silver at home for that reason, but I may not have a choice at some point. Depends how much silver I hoard up on I guess.

 

Air tight,s are what i use, keeps my 1 OZ Gold Coins in good shape
Also the smaller size for the 1/10 OZ Gold also have the black lids
For all my Silver coins.

 

I stick my 1 oz. AGEs in an air-time, then in an envelope with the sales slip. Handy way to account for the capital gains taxes -- or losses -- when they are sold.

 

Really Nice!

Can I ask where you get the black lids? Airtite website only sells the tubes with red lids.

 

Speaking of capital gains/losses - if you sold to a company (or individual) that doesn't provide you with any tax documents (1099-B or any of the 1099 varieties), is there any reason to report the gain or loss on your tax return?

 

It's a good idea to keep the purchase info there with the coins so that it's handy. I may do that in the form of a flash drive with the info (instead of lots of papers).

 

You don't.

Technically, you should report everything. But if you sell under 25 oz of your gold Maple Leafs, there will be no tax record of your sale. Therefore, the IRS will have no knowledge the transaction happened and therefore I see no reason to bother reporting it.

https://www.investopedia.com/articl...ing-taxes-physical-goldsilver-investments.asp

 

Okay, great. Thank you! And thanks for the link and the reference!

Of course if I would ever need to sell at a loss I would WANT to report that.