Storing precious metals?

[FlorinCollector]

Hi i see on here quite a lot people showing there coins before they put them into 'storage'. I just store my metals in a small safe. How do you store your metals?

[Scuzzle]

Ikea plastic storage boxes.

[4Nines7Hills]

you need two safes one decoy  one with an amount under the insurance threshold 

there are places to put stashes 

in walls, doors under floor boards in the loft insulation, behind coving, in emptied tinned goods, in fake plumbing pipes, behind bath panel, burried in the garden the list goes on.

 

safes draw a lot of attention in my opinion thieves stay in houses minutes some of my stuff takes ten minutes to get even if you know where it is.

 

 

[FlorinCollector]

30 minutes ago, 4Nines7Hills said:

you need two safes one decoy  one with an amount under the insurance threshold 

there are places to put stashes 

in walls, doors under floor boards in the loft insulation, behind coving, in emptied tinned goods, in fake plumbing pipes, behind bath panel, burried in the garden the list goes on.

 

safes draw a lot of attention in my opinion thieves stay in houses minutes some of my stuff takes ten minutes to get even if you know where it is.

 

 

Yeh ive filled my safe with some weight so it would be a two man job for a start! weight being bags of pennies and or pound coins. Took up little room and makes it heavy. 

 

32 minutes ago, Scuzzle said:

Ikea plastic storage boxes.

I have got little ones that store about five coins in each one and i have padded it with bubble wrap. 

[sovereignsteve]

57 minutes ago, JCRJM said:

h ive filled my safe with some weight so it would be a two man job for a start!

better to have one that bolts to the floor, not foolproof but almost.

[Feltham]

Hello, 

I'm fairly new to silver investing / collecting / stacking and have thought about this a lot as you can't trust many people these days. So keeping your collection private is a priority. 

I like the idea of a decoy safe and also hiding places (loving the idea of fake pipes). Most thieves won't be searching around for long unless they know something good is there, they will mainly take easy to get electronics.  

My idea of storing silver is to put coins in tubes or the guardhouse capsule boxes wrap them in bed sheets or old / winter / summer clothes and put them in a vac and seal bag. Because no thief will be searching through your sealed old clothes, unless they need a new coat.

I like the idea of a fake wall in your wardrobe or something too. Hey if you've got the space have a secret room haha. 

Another thing to consider is fire protection.

Hope this helps someone. 

[Murph]

I have a small safe bolted to a concrete floor  because it only weighs around 100kg or less so 1 person could easily carry it a short distance.  Mind you most cheaper safes could easily be opened with a chisel and a hammer or a drill as they are quite thin and have no or very little drill protection.

[4Nines7Hills]

@Feltham fires in houses aren't hot enough to burn silver platinum or even Gold,   bullion will be fine, if you collect proofs you may have an issue though they will tarnish and the capsules will melt but the metal will be fine 

[Feltham]

17 minutes ago, 4Nines7Hills said:

@Feltham fires in houses aren't hot enough to burn silver platinum or even Gold,   bullion will be fine, if you collect proofs you may have an issue though they will tarnish and the capsules will melt but the metal will be fine 

I did wonder wether PMs would melt in house fires but I never went on to research it. I also thought about capsules melting as you mentioned. I don't know if melting plastic on a bullion coin would affect or damage it. A lot of people have seminumi coins which if badly damage would only be bullion value. 

Its a shame that we have to hide our hobby and collections but you cant trust many people these days. 

[Roy]

@Feltham, it's a personal hobby. Just like the stack of magazines you kept under your bed in your teens  

For your eyes only! 

[Bullionbilly]

36 minutes ago, Roy said:

@Feltham, it's a personal hobby. Just like the stack of magazines you kept under your bed in your teens  

For your eyes only! 

Happy days....

[Feltham]

49 minutes ago, Roy said:

@Feltham, it's a personal hobby. Just like the stack of magazines you kept under your bed in your teens  

For your eyes only! 

It's nice to share! 

[Roy]

Ewwww!! 

[Xander]

1 hour ago, Roy said:

@Feltham, it's a personal hobby. Just like the stack of magazines you kept under your bed in your teens  

For your eyes only! 

Would that have been the Dandy, Beano and the Hotspur?