Preserving Gold Coin Value: Handling And Storage 101
Posted on: 15 January 2021
Gold coins are a great investment when you are looking for financial security. When you choose the right gold coins, they will gain value over time, which you can take advantage of by selling them to a gold buyer. However, if you want your gold coins to retain their value, you'll have to make sure that you handle and store them correctly. Here are some of the things that you need to know about protecting your gold coins and their future value.
The Conditions That You Should Be Attentive To
Before you can really understand the importance of proper handling for your gold coins, you need to understand why that handling matters. The condition of your gold coins, the largest single factor that affects their value, can be easily affected by poor handling.
When a gold coin buyer is evaluating your coins, one of the things that they are looking for is the condition of the surface finish. Unlike traditional circulated currency, valuable and collectible gold coins have a polished, shiny surface. The stamp on the coins should be clearly defined. Poor handling will dull or damage the finish and may wear the stamp down, as you have probably seen in circulated coins.
The Proper Way To Handle Your Coins
If you have to handle your gold coins for any reason, you need to avoid contaminating the coins with the oils in your skin. Your skin's oils will dull the polish and can deteriorate the condition of the coins. You can avoid transferring oils to the surface of the coins by wearing pure cotton gloves whenever you have to handle them.
The gloves need to be pure cotton to ensure the protection of your coins. Synthetic fibers and other fabrics can have other oils or contaminants that might transfer to the coins and damage the surface.
Additionally, when you handle the coins, avoid touching the flat surfaces. Handle the coins by the edges so that you're in contact with as little of the coin as possible. That way, you don't risk any kind of wear damage to the finish, either.
Avoiding Damage If You Drop Your Coins
Any time you have to handle your coins, the best preparations are only the first step. You also need to be sure that you have contingencies in place in case you drop one. That means having a protective surface where you are working.
The best thing you can do is to buy some pure cotton towels and a soft pad. Place the pad on the surface, then cover it with a cotton towel. That way, if you do happen to drop a coin, or you have to set it down, you can place it on a surface that isn't going to scratch or damage the coin.
Storing Your Coins Properly
Proper handling is a crucial part of preserving the condition of your gold coins. However, this isn't the only thing you need to consider. You also have to be sure that your coins are stored correctly to avoid air exposure, moisture, and surface damage in storage.
Coin cases are the best investment for this. These containers are designed to keep your coins secure and in a soft, protective environment. The cases will seal closed so that you don't have to worry about one falling out, getting lost, or being damaged.
Protecting your gold coins is a crucial factor when you want to get the most you can from your investment. These tips will help ensure that you don't inadvertently damage your coins and cost yourself significantly in the final value of the coins when you're ready to sell them. Talk with a gold U.S. coin buyer near you today for more information.
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