Question on storage for older coins

Discussion in 'Coin Chat' started by johnnyflesh, Jan 10, 2011.

  1. johnnyflesh

    johnnyflesh New Member

    I might be crazy for doing this, but I've been putting all 1960 and earlier nickels, and all wheats aside to hold onto. My line of thinking is that the Nickels from the 50's are already 60ish years old and I'd like to give a boat load to my grand kids (I'm 25 now and have a 1.5 year old.) I would have loved it if my grandpa would have snagged all these older dates for me and you never know.

    Would putting them into rolls and keeping them in the garage be an acceptable way to keep them or would you guys suggest something else? ..... or do I have bats in the belfry for putting these aside? Thanks!
     
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  3. quartertapper

    quartertapper Numismatist

    I think that a PVC free container (food storage type will work fine) with a desiccant bag to keep moisture to a minimum would be my simple suggestion for storing these "future treasures."
     
  4. GDJMSP

    GDJMSP Numismatist Moderator

    The garage part is a bad idea. You want to store all coins in a place with a realtively stable temperature - few and small temp changes in other words. A closet is usually best.
     
  5. Collector1966

    Collector1966 Senior Member

    I agree- keeping coins in the garage is a bad idea. Not only because of the fluctuating environment in a garage, but also because garages are probably more vulnerable to theft.
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    I feel confident that one day, probably in the next few decades, we'll see an enormous melt of nickels. It's hard to imagine something like the 1964 issue ever being "rare", but with the melt value of nickels already around 6.5 cents, I think we'll see a new composition soon, and the anti-melting laws will eventually be repealed.
     
  7. johnnyflesh

    johnnyflesh New Member

    Thanks for the suggestions, guys! I'll get some tubes and keep them in a closet.
     
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