...in pictures: Take a coin like this: or like this: plus dessicant: Put them both inside a tupperware: Put that inside a safe deposit box (or under your bed): Check your desiccant every month for first few months (the one pictured above changes color when "full") to see how good your setup is, but mine lasts about a year before needing recharging in the oven. With this method your coins will stay about as pristine and safe as is possible. Hope this helps....Mike p.s. I'm Leadfoot, and I approved this message. Well, all except the "under your bed" part.
NICE! I go a step further, I use heavy ziplock bags to put the coins in first, put the desiccant inside the bag, then the tupperware.
I worked at a bank for years. There was an old woman-regular customer for YEARS. Her daughter and son-in-law died in a car accident a couple of years before, and she was guardian for the 15 year old grandson. She put his name on the safe deposit box, because, well, she was old. He died in a motorcycle accident, and we (I was there that day) had to seize the box and report it to the state department of revenue. The contents were inventoried and she had to pay tax to the state on half of her own damn belongings. She was poor and lived on a fixed income. I'll never forget the insult we added to her suffering - required by law. Since 9/11 and the Patriot Act, and numerous other small acts affecting the banking, financial industry, I would caution people to carefully consider a safe-deposit box before putting valuables in there. Just a word of caution. Happy collecting!
I have you both beat....I seal all my coins in carbonite and store them in my lockbox aboard the space station. Guy
That's a terrible story, but has a simple solution for coin collectors: Have a trusted member of your family co-sign on the box (and keep good records).
Can you suggest a desiccant and where to buy it? Everything else I think is self explanatory but I think for others some advice on desiccant would be nice.
Having worked in banking, I recommend to some people to look at non-bank safe-deposit companies. The taxation and privacy/seizure issues are connected to banks, not 'storage companies', so if you're averse to big-brother or would like to leave your collection to a non-immediate family member, consider a non-bank deposit company. There are some in Vegas, a new one in Denver, and I've heard others are starting to pop up.
Pfft! The space station is hardly secure! I keep mine in a much better place... In plain sight too!! I keep them in a file cabinet located in the Senate Office Building and have the drawer labeled "Tax forms and Ethics Policies".
Mine are stored in the drawers below yours labeled Economics 101 and the expensive coins are labeled common sense. It's funny how much dust our drawers collect.
Oh boy... I get to post a picture of how I store my coins (again). And I never lost a minute of sleep worrying about them.
Is it just me or is that overkill on protection? I want to see my coins, look through them and enjoy them. Not stuff them behind locked steel cages where they never see the light of day.
Depends on how valuable of coins youre talking about. I have stuff that I leave out that isnt that valuable. Stuffthat is not protected, I dont worry about handling and dont even have documented in my software. More valuable stuff doesnt need to be left out asking to be stolen though. And you want to protect those ms/pf surfaces from damage. Especially on 70s. I agree with it all except the SDB. I'll take my chances with my own security systems in place before i trust the banks in this day and age. Only takes one misstep and your stuff is gone or youre being charged. Im of the camp that if its not in your possesion, you dont have full, 100% ownership.
Nice post & really nice example coin! Nice post. I really really really enjoyed this thread. Especially the part where my coin is used as the example Yep, that is my 1837 no stars dime
