pecious coins as a business option

Tips For Precious Coins As A Business Option!

Have you ever thought of acquiring precious coins? Let’s take a look at tips for precious coins as a business option. The basics in terms of handling, packaging, and storage.

As simple as this might seem, in order to make it a worthwhile investment, you have to be aware of the best ways to present and preserve the value of the precious coins. This article on tips for precious coins is published in partnership with Mediabuzzer.

How To Properly Handle Precious Coins

tips for precious coins as a business option Handling precious metal coins correctly can help you to retain their value. Leaving finger marks or trying to wipe them, or even dropping the coins can significantly decrease their value. This is important for coins such as uncirculated coins, proof coins, and other rare coins. Here are a few valuable tips on how to handle your precious metal coins correctly.

 

Don’t Remove Packaging

If your coins are in holders or protective plastic, do not remove them from their covers. The covers help to keep moisture out. If you do need to remove them, check out tip number 2.

Use Soft Surfaces

If you must handle or examine your coins, do so on a soft surface and close to the ground. A soft blanket or even a towel tends to work well. If you want to use a table, be sure to lie something down on the floor to catch the coin should it fall. In case you are interested to invest on more coins, drop by City Gold Bullion in Adelaide to see a range of precious metal coins.

Wash Your Hands

Make sure you wash your hands thoroughly or even use a hand sanitizer before you handle the coins. The oils on your skin can leave marks and potentially damage the coin. Another idea is to wear protective gloves, but this does increase the risk of dropping a coin.

Handle The Edges

It is better to handle the coins right on the edges and never on the face. Also, don’t try to shine your coins. Even if you’re using a cloth and have clean hands, even a tiny bit of dirt or dust could potentially scratch the surface.

Avoid Breathing on Coins

Finally, try to not breathe directly on coins or even use saliva to clean them. Keep the coins well away from your face to avoid this. The moisture from breathing is not good for precious metal coins and spit can cause spots on them.

Storage And Display

tips for precious coin storage, wooden chest If you want to display your precious metal coins, make sure you choose cases that won’t lead to the metal’s deterioration. For example, as attractive as the coins may look in an album or plastic sleeve, they could become discolored as plastic sleeves aren’t airtight and tend to trap moisture.

The best containers tend to be those that are made with natural materials or those that are airtight. Some options include lined wooden shadowboxes or airtight protective coin slabs. Just as important as how you store your coins is the way in which you store the metal within the container.

Never store tarnished coins with untarnished ones. Their interaction may result in contamination. Rather, stack them in piles or even separate them with plain sheets or cardboard or any other non-reactive material.

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Follow these six top tips for precious coins and you will be better able to examine your coins and preserve their precious value.

If your precious metal coins do not have holders or cases, you may want to use air-tight individual plastic holders to protect them from moisture and debris.

Remember to only ever store your coins in a dry and cool environment. Much success!

Images courtesy of Pixabay and Pexels.


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8 thoughts to “Tips For Precious Coins As A Business Option!

  • Gary

    I’ve bought a few silver coins in the past and never touched any of them. Silver can tarnish easily and react with oils on your hands. Gold is completely non-reactive, though it is more prone to damage since it’s a softer metal.

    I put my silver coins into coin capsules to protect them. I used a variety of methods to tip the coins into the capsules without physically touching them. And they’ve stayed protected that way ever since. Some Canadian silver coins can be prone to getting milk spots and there’s nothing you can do about that (that I know of). Even being protected in a coin capsule won’t prevent that from happening to a coin.

    Reply
    • Michelle

      Hello Gary,
      Thanks for stopping by. You seem to have a bit of a ‘know-how’ when it comes to coin collecting and storage. I hope that you also found some value in this article.
      Michelle

      Reply
  • John

    Michelle,
    Have been collecting coins since I was very young. Proper storage and handling of coins will keep their value. I do have several coins still in the original packaging that have increased many times in their value since new.
    I find this is a great way to spend time with my son also, it does teach him some thing about the value of collecting.
    John

    Reply
    • Michelle

      Hello there John,
      Thanks for sharing your thoughts about coins. Yes, I am finding that a lot of the ‘older folks’ have been coin collectors for years although sometimes, I think the method of storage needs to be updated. I also love the fact that you are education your son in this area. Great job.
      Michelle

      Reply
  • Lisa

    Hi Michelle, Great post on precious coins. My husband has been collecting coins from the time he was 10 years old. I stay away from his collection, as I don’t want to do anything to mess them up. I appreciate the tips you provided on handling these coins. Very helpful indeed! Lisa

    Reply
    • Michelle

      Hello there Lisa,
      Thanks for your visit. Your comment made me smile – ie, your not wanting to ‘mess up’ your husband’s coin collection. Yes, it is a worthwhile investment and for so many years to boot, I bet you he has some gems to be proud of. All the best.
      Michelle

      Reply
  • ariel

    Hello Michelle,
    Who knew there was so much to know about how to handle coins? You have certainly educated me.
    Great to know for those that have a rare coin collection
    I learned so much.
    In peace and gratitude, ariel

    Reply
    • Michelle

      Hello Ariel,
      Thanks for stopping by and sharing your thoughts. Yes, precious coins certainly lead to a lucrative business as long as you do your research and ensure that your coins meet the accepted standards for collection. All the best.
      Michelle

      Reply

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