How to hold and store coins?

[V0liminal]

I'm new here and have now got a few silver coins that I keep in a small safe, but it has me thinking.

If I put a little bit of savings into coins each month, over a period of time I will have a lot to be holding in one place.

What options are out there and is there anything newbies like me could benefit from knowing about keeping a growing quantity of coins?

Sorry if this is asked a lot it is something that occurred to me as I was buying more.

[James32]

55 minutes ago, V0liminal said:

I'm new here and have now got a few silver coins that I keep in a small safe, but it has me thinking.

If I put a little bit of savings into coins each month, over a period of time I will have a lot to be holding in one place.

What options are out there and is there anything newbies like me could benefit from knowing about keeping a growing quantity of coins?

Sorry if this is asked a lot it is something that occurred to me as I was buying more.

Two options really.

1) get a bigger/better safe and bolt it to a wall/floor in a very inconspicuous place. Imperative that only you and a trusted love one knows it's location ( loose lips sink ship's)

2) safety deposit box at a nearby location, recommended if your planning to start collecting gold ( and you will start eventually 🤣 it's inevitable)

This new venture is exciting, but the best piece of security will always be keeping your mouth zipped shut, it's nobody's business what your collecting and best to keep it that way.

Ps, welcome aboard!

[Gruff]

Welcome to the forum! I hope you get what you're hoping for out of the forum.

As King @James32 states, the best is to only have really trusted people know you have PMs if you choose to keep them at home.
I've seen others on this forum talk about storing coins in capsules and then in lengths of PVC pipe as it'll look inconspicuous as mentioned above. 

But a local Safety Deposit Box is probably the safer option. Lots of banks do this and you don't need to be a banking client to open one with them.

You'll see that those that trade a lot on here will sell coins or offer them up for sale with no pictures unless there are requests for them as they'll then need to retrieve them from storage.

[Roy]

I'm not sure a safety deposit is ideal for silver.

Silver takes up a lot of space and you have to factor in 'how much silver can I get in my box' compared to the cost of SD box rental.

I think the safe/clever concealment ideas are better. And keep mum!

(but that's just me 😎. Welcome.) 

[Gruff]

Just now, Roy said:

I'm not sure a safety deposit is ideal for silver.

Silver takes up a lot of space and you have to factor in 'how much silver can I get in my box' compared to the cost of SD box rental.

I think the safe/clever concealment ideas are better. And keep mum!

(but that's just me 😎. Welcome.) 

Agreed, I was just leading on like James for when V0limal starts collecting gold...

[Roy]

1 minute ago, Gruff said:

Agreed, I was just leading on like James for when V0limal starts collecting gold...

Which will happen! 😇

[Gruff]

Just now, Roy said:

Which will happen! 😇

Absolutely! I started with Silver but as per my profile pic, I am clearly into gold as well now  

[V0liminal]

Thanks, everyone. I agree. I think secrecy is key, and making it difficult to find or move is the way for now for me. I do like the idea of storage boxes at a bank. I didn't know about this, and it could be great to use multiple locations to minimise risk. @James32 It seems not to have all my eggs in one basket, so to speak is the best thing when I have a high value lot. I do see myself getting gold because 1 small coin can hold the same value as much larger silver lots.

[James32]

2 minutes ago, V0liminal said:

Thanks, everyone. I agree. I think secrecy is key, and making it difficult to find or move is the way for now for me. I do like the idea of storage boxes at a bank. I didn't know about this, and it could be great to use multiple locations to minimise risk. @James32 It seems not to have all my eggs in one basket, so to speak is the best thing when I have a high value lot. I do see myself getting gold because 1 small coin can hold the same value as much larger silver lots.

Yeah all roads lead to gold 😆 you could keep the silver at home safely and deposit gold at the bank, spread the risk if you will.

[Bigmarc]

15 minutes ago, V0liminal said:

I think secrecy is key

The good thing about coin collecting is that it's boring and no body is interested, try and keep it that way. Tell no one, it's even better if you collect all sorts of sh*t. That way when another parcel turns up they just think "there's big Marc, buying cr*p again". Currently I am buying up old comedy DVD's before the woke brigade ban them all. Ten of them turn up with a parcel of silver amongst them, no one gives a dam. 

 

[VGfine]

3 minutes ago, Bigmarc said:

Currently I am buying up old comedy DVD's before the woke brigade ban them all. 

 

 

[BLOOMMAN101]

40 minutes ago, Bigmarc said:

The good thing about coin collecting is that it's boring and no body is interested, try and keep it that way. Tell no one, it's even better if you collect all sorts of sh*t. That way when another parcel turns up they just think "there's big Marc, buying cr*p again". Currently I am buying up old comedy DVD's before the woke brigade ban them all. Ten of them turn up with a parcel of silver amongst them, no one gives a dam. 

 

👍👍👍

 

👍

[Petra]

1 hour ago, V0liminal said:

Thanks, everyone. I agree. I think secrecy is key, and making it difficult to find or move is the way for now for me. I do like the idea of storage boxes at a bank. I didn't know about this, and it could be great to use multiple locations to minimise risk. @James32 It seems not to have all my eggs in one basket, so to speak is the best thing when I have a high value lot. I do see myself getting gold because 1 small coin can hold the same value as much larger silver lots.

@James32 is right, no hassle keeping silver safely at home, but once into gold, best get it somewhere a little safer… that’s what I currently do.🤔

[BLOOMMAN101]

Just my opinion but I'd rather bury my gold in the garden than hand it to a bank to store

 

The Miser's Hoard
Captain Mainwaring tries to persuade Frazer to deposit his hoard of gold sovereigns in the bank.

 

[Gruff]

24 minutes ago, Petra said:

@James32 is right, no hassle keeping silver safely at home, but once into gold, best get it somewhere a little safer… that’s what I currently do.🤔

The first rule of "Gold Stackers Club" is you don't talk about "Gold Stackers Club"!

[Darr3nG]

13 minutes ago, Gruff said:

The first rule of "Gold Stackers Club" is you don't talk about "Gold Stackers Club"!

I thought that was the second rule... first rule is "Don't handle proof coins!"

[Gruff]

Just now, Darr3nG said:

I thought that was the second rule... first rule is "Don't handle proof coins!"

Especially those that are a memorial for a birth 🤪