Protecting Your Gold Coin Collection

For anyone who collects something of value, security is a major issue. Realize that no house is theft proof and take reasonable precautions. Make sure all doors are locked and that access cannot be gained through open windows. Many gold coin collectors choose to install alarm systems. If this is what you choose, do not neglect to place a sticker to that effect in the window. Mot alarm companies provide them automatically. If your gold coin collection warrants it, you may with to consider a home safe of suitable size.

Perhaps more important than locks and alarms is being discreet. Do not tell everyone you meet that you are a gold coin collector. Even if your gold coin collection is relatively inexpensive, some potential thieves may presume that all gold coin collections are valuable. They may no realize they have stolen a $10,000 collection instead of a $100,000 one until it is too late. The most intelligent choice is to keep all your more valuable gold coins in a safe-deposit box in a bank. When choosing a safe deposit box, it is important to consider the environment. It is better to have a box on an inside wall of the vault rather than along the outside of the building. This will reduce the exposure to temperature fluctuations. Also, do not forget to place a small packet of silica gel in each box. You may find it more convenient to have multiple boxes of moderate size rather than one large box if your gold coin collection is particularly heavy.

Lastly, if you are buying coins through the mail, do not give out your home address. Use a post office box. Not only does this provide you with a security barrier, it also provides a safe place for your coins to sit if they arrive while you are away.