Article Categories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links

 
PCGS

NGC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Don’t be Swayed by Fancy Coin Holders

You have seen it many times, the fancy glossy ads with the gleaming shiny coins in the nice fancy velvet lined box.  The ad screams at you about what a beautiful showcase the display is.  After all, don’t your coins deserve the best?

 Hogwash I say. 

 Let’s face it.  The coins in those cases sure do look nice.  But the reality is that those coins are no different than coins held in a simple Air-Tite plastic holder and guess what, when you buy a Silver Eagle in a simple Air-Tite holder, you are usually not paying much for that holder.  The fancy velvet lined cherry wood box is not free.  If you are buying coins in those boxes because they look pretty, you are spending a lot of money on the box that could otherwise be spent on more coins.

Another reason I say buying coins in these displays is silly is that it takes much more space to store them than if they are in smaller holders.  If you are like most people, you will want to store your coins in a safe secure area.  And storing your coins really brings me to my next point, if you buy these fancy cases, are you really going to display these at your next dinner party?  If you are, then you are asking for trouble.  The last thing you want to do is to let your friends or neighbors know you have valuable coins in the house.  While you may trust your friends, do you trust your friends friends?  While a conversation after the party by your friend may be innocent, sooner or later, the word spreads that you have valuable coins in your house and you put your coins and other valuables at risk to thieves.

 In my opinion, the best place for your coins is a dark safe deposit box at your local bank.  If you want to look at them now and then, take pictures and upload them to www.mycoinpictures.com and then you can look at them anytime whenever and wherever you have internet access.  By using an ID/handle that is NOT your name, you can anonymously upload your coins for future viewing.

Keith Scott has been a collector for over 30 years. His website has US coins for sale. He also writes Coin Collecting Articles for fun. Visit his websites for a history of US coins, metal market updates and news about your favorite coins.

Want to discuss coins?  Join the coin forum.    

 Coin News

Subscription expired
RSSbox powered by rssinclude.com