Storing your Coins - Part 1: An Introduction
There's lots of ways to store our precious babies. *cough*. I mean coins, and there is no “right way” to go about it (although there are some “wrong ways”). For most collectors the decision will come down to their personal circumstances and preferences. However, option paralysis is a real and significant hazard for the collector looking for the perfect way to house their collection. This guide has come together as a result of my own research, trials and tribulations in respect of this topic. While undoubtedly far from exhaustive, it is hoped that it will help you clarify your options by building on my experience.
If you already know a bit about why proper coin storage is a good idea and want to skip straight to the juicy bits about how to do it, then I suggest you skip ahead to Part 3 - Option Paralysis. But if you are wondering why spending some precious time and hard earned money on storage (as opposed to more coins) might be a good idea, read on.
The value and attractiveness of many coins, (particularly modern coins which tend to be more valuable the closer to their “mint” state they are), can be negatively impacted by all sorts of things, from dings and scratches, fingerprints and dirt, to tarnishing caused by exposure to chemicals (which can include oxidation simply from the good old air around us, not to mention the effects of the moisture it carries). On top of that our coins can be vulnerable to theft, fire, toddlers and other disasters. Or they might simply get misplaced (have you checked down the back of the couch?). We want to protect our coins from these risks to the extent we can. But one of the dichotomies of coin collecting is that rather than locking your coins away in an airtight bank vault naturally most collectors still want to inspect and display their collection, otherwise, what is the point of collecting in the first place? (Although sometimes a bank vault is a reasonable storage option too).