I like to keep coins in my books, that is just the way I am. However I like to keep them safe, is there anything I can do to them while they are in the book to keep them safe? Also I found out I have a 1973-P quarter and the 2011 book values it at over $50. It has normal mintage so I was curious why this was.
It all in da book. But you gotta tell me what book. Red Book? Blue Book? Voodo Book? Where does a '73 quarter go for that kind o' dough unless it's in perfect (70) condition? Oh, BTW, I'm workin' without da book....
A safe place is in a SAFE!! Ive got a nice one made by American security, Its an excellent Investment!!
Good for you! Safes are safest if bolted down to a very difficult to access concrete base from the back or bottom, well hidden from view and of a certain quality so as not to be simply pried open. Check this demo out. There are many other videos like this in the right column of the linked to page.
JMO, but if one feels their coins should be locked in a safe, rent a safety deposit box at your local bank, especially if you have high valued coins.
The topic actually comes up here on CT quite often. There are pros and cons and personal opinions for home safe storage/defense and SDB in banking institutions. Each must weigh the risks and expenses they are willing to afford. One other thing to note is that the ANA refers coin collectors to on e of the most comprehensive and affordable insurance agents who specializes in writing policies for coin collections, Hugh Wood.
Sorry I confused you when I said safe, I meant like to keep them in good condition. If I leave them in the books will they keep their condition. I already have a small safety deposit box in my house. Also I meant a 1983-P quarter sorry and this is according to the 2011 Red Book in case anyone was still wondering.
Keeping your coins in albums like Intercept Shield, Dansco, and Whitman will protect your coins as long as you store the albums properly. Eventually the coins will tone but you can slow that process down by keeping everything in a cool dry place. As for that '83 quarter....try looking here for an idea of its' value, http://www.numismedia.com/fmv/pricesms/wshqtr/prices61.shtml Red Book isn't always a good reference guide in regard to current prices.
You didn't confuse me. I knew what you meant and was inserting a bit of humor. Also, you might be careful in thinking keeping your coins in books is protecting them. Certain papers contain acids from the paper pulp and certain inks contain chemicals that can gas off and react with the metal composition of coins. You may actually be harming your coins by trapping them in between the pages and card stock boards of book covers rather than keeping them safe. Take some of green18's suggestions for storage an your coins will be much much more safe than if left in between the covers of books. The only paper you would likely be able to place coins between with little to no effect over time would be archival grade papers that are lignin free, unbleached and which have no inks printed on them.
The mint did not produce mint sets for that year ('82 also) so it's extremely difficult to find a nice gem.....:smile
My thoughts are this: Each collector should know the value of their collection as a whole, as well as individual coins in their collection. Certainly it would not be a wise idea to keep coins valued in the 4 digit range + in your home unless they are locked away, and even then, how good is the safe rated should you have a house fire? In other words, what is the maximum temp that safe can withstand before the contents are affected? I have a relatively small collection by comparison, proof sets from the Mint for the past 50 years, all 3 SMS 65, 66, 67; several slabbed coins from ANACS; 63 Franklin PRF, 24 Peace Dollar MS-63, etc. The most valued coin I own in my collection is an 1882-CC Morgan dollar in MS-65 by ANACS with a little gold rim toning on the obverse. That one has been valued at $600. Plus some proof Kennedys, Washingtons, and Jeffersons Ive picked up the past couple of weeks from my main coin dealers half off bin. I feel okay with my collection in my home and can't see paying the expense of a SDB from my bank, as far as an in home safe, I don't have one. But this is just my prefernce, as someone else with a similar collection may feel better if it were in a SDB. My collection is insured, but that won't cover the sentimental value of the collection as my grandfather started it before I was born, and taught me a lot about coins before he died. My grandmother gave me the collection to continue building it.
