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.
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