Don't Ruin Your Silver! Bullion Dealer Tips for Storing and Handling Silver
HTML-код
- Опубликовано: 25 июн 2024
- In this video I talk with a bullion dealer about how to safely store your silver. When it comes to properly and safely storing your silver bullion bars and silver bullion coins you need to make sure you handle your silver properly. The best place to store your silver bullion can be a heavy hidden safe. We also go over some of the worst places to store your silver and where you should avoid. We also talk about the proper tubes, capsules, and flips to use as well! Safely storing your silver should be a priority and we hope that these silver storing tips can be helpful. Remember that when you are silver stacking you need to properly handle the silver correctly. Where should you store your silver? Best place to store silver? We cover all of those in this video as well. We also talk about using cotton gloves when handling silver and why it is important to do so. Below is the website for Bullion Max:
✅ Bullion Max Website:
www.bullionmax.com
✅ Contact:
silverdragons47@gmail.com
✅ Check Out Silver Dragons on Instagram:
/ silverdragons47
✅ Check Out Silver Dragons on Rumble:
rumble.com/SilverDragons
✅ Silver Dragon's Website:
silverdragons47.com/
Topics I cover in this video: how to safely store silver, where to store silver, where to keep silver, silver stacking storage, silver coin safe, silver bar safe, silver safe, silver storing, properly storing silver, how to handle silver, how to store silver, storing silver, how to store silver properly, how to store my silver bullion, silver bullion coins, silver bullion bars, silver stacking, silver stacking tips, silver stacking mistakes, silver, silver coins, silver bars, how to store silver coins, how to store silver bars, how to handle silver coins
#silver #silverstacking #silvercoins
Glad to say that I reached my 1,000 ounces stacking.
Great job can't w8 till I can say that
That's not bad how long you need to do this?
@@spacex3140 about 2 years
Wow.... nice
Nice work, I recently hit 1,000 as well!
I buy silver bullion bars and coins in small quantity purchases, never bought a monster box in my life. Glad my local bullion dealer gives out empty tubes, assay card cases and monster boxes for free, all I have to do is ask for it when I think I'm going to need it. Sometimes they're even brand new. My local bullion dealer loves it when his customers come and make small purchases often, rather than having a few customers who make large purchases once or twice a year. Storage is never a problem for his customers, I know of a guy who bought a 1 oz bar of gold every month from him and requested storage, as the guy wanted to keep his purchase a secret. The dealer put that guy's purchases in a case he marked with the guy's name on it, and kept the bars safe for him in his shop safe for free. I was lucky enough to be there when the guy came one day to collect his entire hoard, turns out him and his wife have been trying hard to get a child since they were married, and the hoard was to be a surprise gift for his wife for giving birth to a beautiful baby daughter. Everyone in the store congratulated him, tears of joy in his face. He left the store the happiest person I've ever seen. The dealer remarked to me it's for moments like these he goes the extra mile for his customers. And I wholeheartedly agree😊
I have silver I bought in 2008 and I never did anything special to store it, and it looks as good as the day I bought it.
what silver is it, curious
I've got Silver Eagles, Maple Leafs, Buffalo rounds and many other generic rounds. My Maple Leafs did get a couple little milk spots, but the rest looks like it did when I bought it.
@@IHateThisHandleSystem Very interesting, thanks. I heard about Eagles and Maples getting a lot of milk spots so I find it surprising yours are in such a good condition. Nice!
Half your luck...
I live in the tropics, I have silver bars wrapped in butchers paper vaccum sealed with a small piece of chalk.
I also have a moisture capturing container that I refill with granules and tip the caught water out manually, in my safe.
Sometimes silver stacking can be hard work.
@@someoneelse9059 Yeah, that's a valid point. Climate will have a big impact on each person's situation.
My rounds are in flips, put in an a wood cigar box that is in my gun safe. It’s in my garage, lugged into the concrete slab with 4” X 1/2” bolts. Between the concrete and the safe, there is a 1/8” rubber Matt, cut to 1/4” over on all four sides. Because there are firearms stored in with the rounds, there is also a dehumidifier in the safe, rather than the bead sacks. Have stored like this for years, rounds look great.
I think I would sacrifice one coin just to handle it as I wish, even in my pocket!! 😄
Yep - Got a 2022 silver Krug specifically for "messing with" - the rest of the stack stays in whatever it came in (tube/flip/etc) but that particular Krug sits on my mouse pad to be fondled, spun, flipped, or whatever happens to tickle my fancy. Numismatically speaking, I have little doubt that it's worth just above bupkis due to the fingerprints, scratches, tooth mark (faint, but there - I didn't actually think I could bite it hard enough to make a mark without breaking a tooth, but the proof is right there under the "E" in "FYNSILWER"), dings from being dropped, an embedded bit of grit from hitting the dirty concrete porch step when I missed the catch while flipping it, a couple of mangled reeds on the edge from the same, and so on. But regardless of whether it's pristine or fugly, at the end of the day there's one important fact about it that remains unchanged: it's an ounce of silver.
@@felsinferguson1125 I do that too lol, keep the rest untouched.
I grew up with real silverware in the house. My Mom taught me to hate silver tarnish. But I like tarnish because I know I can just remove it. Best thing is, no matter what they say, tarnish reduces the bidding price, so I get great detail for cheap.
I put a lot of study into why coin dealers don't want you to clean your silver and I would bet almost no one knows why.
My observations have been:
Retailers only really want the "shiniest, prettiest, most attractive and rare" pieces, for the highest, fastest premium re-sell price!
Everything else is for weight (volume), cull.
And...
Because silver, is a "soft metal:"
Cleaning silver can reduce the qualaty and quantity of the metal.
Like plated "Silver" ware, or plated jewelry that has been worn down by use, cleaned incorrectly, or "over-cleaned."
!(: I hope this makes sense, wasn't too long, off course and it helps ;)!
I put all of mine in capsules, but I just started out collecting. I like pulling them out to look at them though!
Good info, thanks! I started stacking a couple of years ago and was never sure if I was storing my silver correctly.
You can put your silica jel granules in an oven at about 150-200 degrees for a couple of hours. If you buy the commercial silica packs that are for keeping safe interiors dry, the instructions for drying are right on the package. Most of those come with saturation indicators right on the packages that tell you when to dry them. If you keep your safe in the interior of the house it should stay fairly dry, depending on your climate.
But most safes are coated with high-humidity material themselves. So even with the safe in the house, the safe itself can still ruin your silver (I think). :/
Great auction last night. Loved the ripples and the hammered edge coins were beautiful. Only stacking for a few months now, and I have been trying to get the info on just this topic. Thanks, S.D.
Hmm... I didn't know just putting the silica gel packets out in the sun during a hot summer day would recharge them. You learn something every day! Thanks for sharing!
Vacuum sealer works great for bars. I put 120 oz of 10 oz bars together and vacuum seal them.
I vacuum seal my silver coins and bars whether or not they are in tube - so far so good. Plus where I am, the climate is Mediterranean.
Yes that's what I started doing awhile back, dry packs and plastic ammo boxes to store silver
I agree with the advice on the Constitutional silver and the silver rounds, but I still keep my coins in the capsules. Best way to protect the face. Putting them in tubes only makes sense if you are hard core stacking. I have a fair bit, but nothing that would require a monster box filled with tubes. And since I still like to look at my coins without having to actually physically handle them, capsules work for me at this point.
Good info! Appreciate the knowledge and opinions
My cousin is a shoe exec and has a crazy shoe collection, especially ones that were never released so well he decided to store a bunch of them at his parent's house in Florida, in the garage and oh boy that did not end well, the glue just delaminated and they were all ruined. A very expensive lesson.
Very informative 👍 How about a video on toned coins, what they're worth and collect ability ?
Great interview silver dragon 🐉!
Very good video! Thank you for the info.
I had always pulled those silica gels out and put them in the microwave for like 15 seconds to take the moisture out.
I also use the plastic storage containers, but I make sure they have a gasket in the lid to keep it more secure and tighter
Thank you for the good advice.
1:46 💍 Proper storage of silver is crucial as it can tarnish and tone, especially in humid environments.
3:23 🌡 Keeping silver in a cool, dry place is essential for preventing toning and deterioration. Silica gel packets can help absorb moisture.
4:38 🧤 When handling silver, wearing cotton gloves can prevent oil from fingers damaging the coins. However, be cautious of micro-scratches that gloves might cause.
6:32 🔄 While coin capsules can be useful for special coins that need extra protection, they are not necessary for general bullion storage. Keeping bullion in tubes or flips is sufficient.
7:49 🛡 Capsules are helpful when handling coins where keeping oils off the face is crucial. Otherwise, storing in a cool, dry place with desiccants should prevent toning.
Just came across this video and I'll be storing my coings with the silica gel packs inside my plastic boxes and making sure my coins are in capsules. Thanks for this info.
I cleaned my Stirling sliver table ware by using the tinfoil backing soda and salt and boiling water method ... works brilliantly ... I also did it with a slightly tarnished Maple leaf ... also worked brilliantly ...
Got mine in my safe on a closet
I'll toss those silica packets in if I remember to.
Also have most in capsules, so that's good to know that I guess it's not too worth it to have em in then haha
Silver comes from the ground so don’t worry be happy
So true.. The ground has more oil than our hands.
U 2 are funny...and clueless
Thanks. Just ordered some silica packs from Amazon
Ty for the help
Even some nicely minted generic rounds, I may put in a capsule -but I prefer not a flip, because not all flips will protect the round.
Hey guys, good tips, thanks. Do you have an opinion on leaving bars in the nice plastic wrappers they arrive in?
I use rechargeable dehumidifiers in a safe in a room that is maintained between 65-68 degrees with little if any humidity at all. I only touch my silver (typically in flips) with cotton gloves over surgical type gloves. If they're in a capsule, I use cotton gloves alone.
HEY!! I’m like really surprised that no one in the silver arena is not talking about the SVB failure yesterday. And from what I’m hearing, 2023 could be a very interesting year, indeed. NO speculation on my part. I’m just going to watch, and see how much of these things actually transpire. And buy the dip, of course. 👍😉
I've seen everyone talking about it haha wait for spot price tomar📈
Been there, done that...that's why no one talking. When Fed ready to pull rug out from silver, the necessary signals will be sent and that'll finish silver for another generation. Simple as that. Just like last two times (2012, 1980).
I started using vinyl gloves to avoid those horrific micro scratches that cotton gloves can give, and I always hold by the edge. It's amazing how fragile a perfectly polished mirror finish piece of silver can be.
Seriously? It’s just as valuable, enjoy ot it and ring obsess over micro scratches
When you’re new stackers it’s almost like buying a brand new car, really expensive car.. you send it for wash every other day , wax and polish it every few month… but after few years…… meh . It collects conwebs 😅😂
I enjoy having coins in the best shape possible.
Cotton scratches metal ?
@@semajeebrab8072 Yeah, micro scratches can appear on coins with areas of high polish. It sucks. You think you're good cause you've got nice soft cotton gloves on, only to find out you've just scratched up your coin by rubbing cotton gloves on it.
I just used the vacuum sealed bags I use for food storage. I can't back it up scientifically but it's worked for me
Try will have PVC in them, so in years to come, you'll have damage
As someone who lived there for a time, I can say with certainty that, at least in the northern parts of Florida, the hardness, iron, and sulphur levels in the ground water are insane. "straight from the tap" well water down there is unfit to drink (not "toxic", just "downright nasty tasting") and for many purposes, useless unless you don't care about the residue it leaves behind when it dries.Wash silver flatware in un-aerated/unsoftened well water, and you're going to be polishing for days trying to get rid of the tarnish/black. Can't see anything else happening with bullion.
I love all silver. Shiny, toned, dirty. I don’t discriminate!!🤠
That's what she said !!!
.
Love when toned silver gets discounted,buy time
I have one sample of each type of 1 ounce coin that I own that I leave out to handle and hold. The balance I keep in tubes. I find myself picking up these coins several times a day. I know I’m hurting the value but it helps inspire me to buy more, that are never handled.
I use the same excuse 2 buy more also.😊
Awesome video. Capsules are cheap, I still prefer to put my Eages, Maple Leafs and Brittanias in air tites.
I have desiccant that recharges in an outlet. It heats up and dries out then I stick it back in the safe. I tried the free packs you get with shoes and they almost always broke open eventually and left a million beads all over my safe so I decided to just buy one and be done with it. Thanks!
Cool tip about rejuvenating silica gel! Thanks!
Thanks Gents
FYI: Some cat litter is made of silica gel. Put a few tablespoons of litter in a coffee filter, fold it over, staple it shut, and you’ve made a silica gel packet. Put them in your safe. Recharge them in the sun. Rotate them periodically.
Great information as always SD I use capsules and gloves for handling my gold and special silver but most bullion like britannia and generic rounds I keep in tubes in 25 quantities and check out one or two with a glove every now and then
Such a hoax, gold and silver has been around as long as humans part of every day life and here you are wearing gloves to touch it lmao how stupid. I guess if you got an absolute mint condition old coin I'd understand but otherwise standard bars and rounds n coins are worth spot price I go to my coin shop a 30 year old gold scratched up same price as today's gold coins stop idolizing it
I store my silver in a safe that is in my basement where it stays cool with the Humidity set inside the safe at 40%(+ -).
Yes, you can control Humidity Levels in a Safe with the proper equipment.
I do the same thing with silica gel packets from vitamin bottles
An acetone soak with help remove the fingerprints and such if they haven't been on too long.
Also, Renaissance Wax will protect the coin. That's what the finest museums use.
Great video. Thanks! But most safes are coated with high-humidity material themselves and even the owner's manuals say so. Therefore, keeping them in the house instead of the shed may not be the solution here. You mention air-tight boxes, but they take lots of space away from each safe. Therefore I'd love another best-practices video where you could also discuss if safes themselves can maybe become an issue.
Vacuum packing silver with a food saver vacuum packer helps keep tarnish at bay.
I keep my silver in the gun safe which has a rechargeable dehumidifier. But, I keep my bullion in the round cases too.
Informative video but can you tell me why it’s ok to touch the round silver bullion and bars?
I love holding silver I my hand and putting it up to my cheek and feeling the coolness of it. I have couple rounds that I can just hold lol
Unless you have coins worth significantly more than the silver they are made from, touch them all you want. All that "nasty" toning and oxidation takes about 4 seconds in a silver cleaning dip solution to completely remove.
Love my coins in capsules. Buy them in bulk. 10-15 cents each only. Love it even more when you have 1500 oz of capsuled coins to play with. People say doesn't matter. Well it does when you flip them later. Would you rather buy a pristine used car or a scratched up used car? A pristine LV bag or scratched up bag? Just the way the world is now. All about looks.
When you talk about ‘microscratches’ and the value of the coin, does this effect the action spot price for the given weight? I’ve been trying to learn how to get into precious metals, it seems there is a big collectors community for rarities
I have a vacuum sealer which I actually use when cooking. Would this be a good option as it would simply remove all the air that they would be exposed to?
What I've learned is that people love naturally toned silver... the deeper the colors the better. Imo. I guess it boils down to preference. Definitely hold your silver onvthe reeded part of the coin regardless.... that is, if you even care about condition. Some folks don't. And that's ok too. I personally want flawless, naturally toned silver. But that's just me.
The antimicrobial property of silver makes it perfect to be held and traded with bare hands.
I live in florida !humidity here is insane ! Not to mention im like 3 minutes from beach ! My poor silver dont stand a chance !
I have silver in plastic capsules should I still use silica capsules it’s been a few years there in a safe and temp is good
I'm fairly new to silver stacking, right now all I have is Constitutional/Junk Silver. so I know right now I don't have to worry too much about storage, but, soon I will be going for rounds & coins. I have a food grade vacuum sealer that I use to store extra food for the long haul. What's the general opinion on sealing the silver in vacuum bags? I'd like to get some feed back on this. Thanks!
I keep mine in a safe with a dehumidifier
Does toning disappear when you melt the silver? thanks!
I put my silver in Vaccum sealing bags along with an oxygen absorber and a packet of silica gel. If there is no oxygen in the sealer bad with the silver, it cannot tarnish. It's also cheap.
yeah i guess im not good at all with my silver handling. i handle the s..t out of it and have them all together in an etsy wooden "treasure"box
then i put both hands inside the box lift my hands and let all the sillver and gold coins run thru my fingers like a pirate .
I'm a bit OCD with my coins even though they are just bullion. I put all of them in capsules, in satin lined drawstring bags, in rubber sealed ammo cases with silica gel packets. 🤣
I’d love to see a video on the topic of safes, meaning if someone were at his stage of 500 ounces, but they may have a goal of acquiring 2000 or 3000 ounces -how these will be dispersed and stored besides, trusting a friend or burying it, or add a lockbox to the bank… Just at the home
Pull out the drawer under stove. In the back on the sides you can store a couple hundred Oz. Got a shoe closet full of shoes. Could get a few tubes in some old shoes. A bookshelf is a great place as well. Can make a fake book and stack a bunch in there. Got a cabinet full of cups and never use the back ones. Can fit a tube under a tall plastic cup. Then in your safe put some silver and a few dollars cash. Never keep it all in your safe or the bulk of the silver or gold. But I'd also say after 1,000 Oz I'd look into some plat or gold.
@@Immigrationsituation Interesting idea about the bottom draw in the stove, I guess it doesn't tone from the small amount of heat? Yes, the bookshelves, cup cabinets are good. I also wonder about buying a chest freezer for the garage and hiding a few hundred oz's under some empty or semi filled with a medium substance on top of the silver in zip lock and then in a peas bag or other labeled food bags. I thought about it being unplugged..(?) or on the lowest setting ?
There is Silver that I play with that I keep in a leather pouch that strangely tones even though it is in a well regulated room but there is also Silver I don't touch that are in sealed plastic that I don't cut out and don't touch... And if I have to clean them or remove toning i'll just clean them with Aluminum Foil, Baking Soda, Salt, and Water.
Oh I do need to buy silica packs and drown my Silver in them so they don't tone just encase...
I love toned silver eagles.
Learned a lot being in Boot Camp...thanks
I use air tight 50 caliber ammunition boxes with a clamping rubber top seal.
How can you "Detone" your toned silver ? Is it possible to bring silver back to a bright silver look ?
Thank you.
Are hard plastic ammo boxes OK to use for storage?
Those storage bin silica packets become saturated quickly and may even be saturated before you get it to your silver. Make sure to use color-changing silica to be sure.
He should have answered the question of is a humidifier in a safe enough to protect your silver even if the safe is in a garage that doesn't have air conditioning.
$15 30-cal ammo can from harbor freight. Add two bricks submerge in water for 30 minutes to confirm seal.
How about vacuum sealing it?
Got mine in a pelican box with a combo lock....hase a air lock on it....but it getting full now...only 4 Yeats stacking
After u get a finger print on the coin what do you do next.
I was told that bullion is only by the oz so it doesn’t matter if it tarnishes. Is that correct
I got the same discoloration after storing in a safety deposit box at a bank!
Of course it defeats the purpose to store at a bank. Keep it at home.
@goodcitizen4587 For investment, not for the collapse of society.
Where is the best place to buy the tubes for 1 ozrounds?
Is tarnish on bullion an issue and why? I have 100 bars and scrap silver
I got a one ounce American silver eagle for Christmas as a kid, wrapped up in plastic and sealed. Me being a dumb kid took it out of the package immediately, looked at it for 5 minutes and put it on a shelf for years. It still looks okay, but shows signs of corrosion. It has lost value because of it. I wish my parents would have put it up, it would have been in perfect condition and worth at least a hundred bucks. I am here to learn how to not make that mistake again.
Just curious once I’ve handled it and it’s covered in oils for my hands. What’s the best way to clean the oils off at that point? Can I just use alcohol?
I store mine in a pelican case at the back of the vault.
Both dragon and myself live in northwest Oregon. My question is what is dry sunshine? LOL
Would rice or baking soda boxes be a poor man solution for humidity? I don't come across those packs very often. I have a small safe, in a closet in my home.
I incapsulate almost all of my silver. Im a coin guy, but I'll buy rounds at the right price and incase them too if they fit in a cheap air tite. I spend .30 to around 3.00 on the very high end, and those are for larger pieces like 10oz bars. Most capsules are around .50 on average. Its worth it to me because i can handle and enjoy my silver without damaging their value.
I have been touching my silver coins non stop. They still look find but I can kind of see prints on some of them. What would be the best way of going about removing my oils left behind from always touching my coins?
Vacuum seal in half-gallon Mason jars.
Can you use a Silver polishing cloth to remove a little tarnish from a 10 year old Silver Eagle? No chemical, water, or heavy buffing.
Should I unseal my tubed eagles to insert silica packet?
I used design machines that dry out compressed air using activated alumina or silica gel. The item needs to be sealed in an air-tight container with the silica gel pak to work properly. Placing a desiccant pac in an open environment defeats the purpose of protecting the item against moisture.
Silica gel can abosrb 40% its weight in water vapor. If you have an 8 oz pack, it will hold 3.2 ozs of water.
Desiccant packs can be dryed out using a microwave oven.
Never thought about this as an issue. How many people hide their silver in the house and it's humid?
One solution might be mylar bags with jell packs and oxygen absorbers.
I am the rebel here I buy the milk spot, circulated and scratched stuff, I am buying silver not a numismatic coin. if I happen to get a key date or numismatic in my purchase then yes I will flip it up or put it into a capsule.
Does the poor condition of the silver coin reduce its value?
Gloves! Gloves! Gloves! EVER!
Can you polish out any stains? Im knew to stacking but have a 10 oz bar that came with no case and its browning a little
I use baking soda and boiling water. There are videos on RUclips on how to clean them.
So, toning is an issue now?