Gold $2,361.10   $26.70  Silver $30.78   $1.22  Platinum $989.00   $8.80  Palladium $931.50   $29.00

Some people store valuables in a shoebox under the bed or in the back of a drawer. This may be fine for valuable documents, but it’s not recommended for precious metals. For example, silver is susceptible to tarnishing from moisture and exposure to humidity. If they have silver bars, Carlsbad collectors who want to keep their bullion looking its best can store their silver in plastic.

Try Vacuum Sealing

You shouldn’t simply grab any plastic bag, stash your silver in it, and call it a day. However, you can vacuum seal your silver in bags designed for this purpose. With vacuum-sealing kits, you usually get bags of various sizes, most of which are appropriate for silver coins, bars, or jewelry. Vacuum sealing is unique and beneficial because it’s a way to block moisture by removing all the air from the bag.

Use Top-Quality Bags for Non-Vacuum Storage

It’s not always practical to keep your silver in vacuum-sealed bags, especially if you’ll need to regularly open the bags to do some buying and selling. What you can do in this case is look for higher-quality bags made of thicker plastic. The idea here is to have plastic that’s thick enough to block out heat and moisture yet still easy to open when you need to have physical access to your silver.

Learn the Pros & Cons of Storing Silver in Plastic

Plastic is durable but lightweight, which is why it’s a popular choice for so many things, including storing silver. However, it does occasionally need to be replaced, since plastic—even when it’s thicker and of a higher quality—does eventually break down. Plus, plastic doesn’t exactly offer a lot of security. However, you can always store your plastic-covered silver in a more durable and secure container or vault. Plastic can come in handy when you want to handle your silver without getting smudges on it. Since plastic is clear, there’s also usually not much of a need to take it out of the plastic too often.

Consider Other Storage Options

As mentioned above, there are other options for storing your silver. It doesn’t have to be one or the other. It’s just a good idea to know what options are available. The main ones include:

• A bank vault
• A safe or safe deposit box
• A secure drawer with a lock
• A stainless steel box or container

Another option for silver storage is a local off-site storage facility away from your home or business. This is beneficial in case either one of these locations is burglarized or vandalized. Since your silver is stored in a separate location, it will stay safe.

Whether they’re looking for expert advice on storing precious metals or they’re looking for the best Carlsbad gold coin dealers, collectors should work with trustworthy experts who offer high-quality service and have years of experience. Call on the industry-leading professionals at First National Bullion when you’re ready to invest in precious metals, including gold, silver, platinum, and palladium. Give us a call today at (760) 253-8072.

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion. 

By |2022-11-28T22:02:19-08:00December 5th, 2022|Miscellaneous|0 Comments