Secure Your Investment - Tips For Handling Gold And Silver Coins
The volatility inherent in international financial markets has lead many savvy financial investors to pursue alternate strategies for diversification. One of the most popular is purchasing large quantities of gold and silver coins. Not only do precious metals more reliably hold their value, but they also provide for an interesting conversation piece and can be fascinating to collect.
Those collections, however, need to be treated with the proper care in order to guarantee that they maintain their value. Below, you'll find a guide to some tips for properly handling gold and silver coins. Following these suggestions will allow you to maximize your return on investment from both a financial as well as an entertainment standpoint.
Guarantee Clean Hands
Even when you can't see any dirt or contamination on your hands, they're still loaded with potential irritants. Natural skin oils, microscopic dust particles, and a wide variety of other things which cling to your hands can be transferred to the surface of your coins and can do significant damage over long periods of time.
Make sure that you thoroughly wash your hands with warm water and soap and vigorously dry them before you handle your collection. Many serious collectors refuse to allow their skin to directly contact their coins at all, and that's a perfectly acceptable strategy if you're concerned about particularly rare or delicate pieces.
Work Over A Soft Towel
Most coins which have been circulated lose their value substantially because of the dings, dents, and scratches that come from being handled day in and day out. This contact damage remains a major concern for collectors, and you need to be prepared for the potential of accidental drops.
Making sure that you only handle your coin collection while seated at a table and holding them over a soft towel can help guarantee that you avoid the consequences that can come with dropping your coins. Accidents happen, but you should be sure that you don't lose significant value as the result of one.
Be Mindful Of Storage Climate
Some coin owners believe that discount storage units or attics without climate control are sufficient storage locations for their collections, and then find themselves surprised that their coins have suffered damage and decay. Rather than allowing yourself to be caught off guard, you should avoid these concerns in the first place. Only store your coins in a clean, dry location that's climate controlled in order to guarantee that moisture and heat don't allow for any warping or other damage which could decrease their value.
Contact a professional gold and silver buyer, like Coins Plus, for more information on how to handle your coins.
Share