Royal Mint Sovereign Storage

[Voltron86]

Hi all, recently joined forums and was looking for some advice. Have read alot and there is some excellent tips and hope to learn more before I start collecting.

Would storing royal mint sovereigns in the official royal mint 25 tube containers cause any damage to the sovereigns long term? Or would it be better to store them individually in capsules. My worry is that if they were stored in them, if the sovereigns could scratch / leave marks being so close to other sovereigns in the tube.

It would mainly be for storing bullion sovereigns and not any BU / proofs etc.

[Tn21]

If it's only ever going to be bullion sovs it really is ott to have capsules. Bang them all  up in a tube or a plastic food container or wrap them up in tinfoil/cling film. However you wish to store them when, it comes to selling bullion sovs condition will have little impact on the price/premium. This is only my opinion and my take on it, others may disagree but just think about entry and exit. Leaving some £ on the table is not the end of the world if and when you sell.

 

[Serendipity]

@Tn21 is absolutely right because bullion coins are valued more by their weight than the coin’s condition. Even the bullion dealers will tell you they’re just bullion. The Royal Mint sells tubes of bullion sovereigns to the dealers. The dealers have to take the sovereigns out of the tubes where they are stored in order to sell them individually to customers which inevitably leads to them getting scratched. The only coins I would encapsulate are numismatic coins and proofs which are worth more than their weight in gold.

[TonyS]

I stored all my silver in capsules until I got fed up of the landslides if I even sneezed near the safe.

All standard sized coins are now in tubes, 10oz coins and bars don’t tend to fall over.

[h103efa]

3 hours ago, TonyS said:

I stored all my silver in capsules until I got fed up of the landslides if I even sneezed near the safe.

Haha, I know this pain. But I use it as an excuse to fondle them and put them back in order etc in preparation for thr next sneeze! 

[ilovesilverireallydo]

I used to store in tubes - but then I realised that even bullion coins sell quicker if they are in decent condition - and if like me, your plan is to sell the bulk after retirement, which could be 10-30 years from now, you never know how much premium these bullion coins will have if in decent condition. So in capsules they go, and then the capsules in labelled tubes. 

[RoughDog]

7 hours ago, Serendipity said:

@Tn21 is absolutely right because bullion coins are valued more by their weight than the coin’s condition. Even the bullion dealers will tell you they’re just bullion. The Royal Mint sells tubes of bullion sovereigns to the dealers. The dealers have to take the sovereigns out of the tubes where they are stored in order to sell them individually to customers which inevitably leads to them getting scratched. The only coins I would encapsulate are numismatic coins and proofs which are worth more than their weight in gold.

 there just bullion sold at sometimes very different premiums.

[danmc82]

I store all my Sovereigns in air-tites. I dont like the idea of metal touching/rubbing on metal.

TBH I store everything either in original box's, or in air tites.

[DarkChameleon]

18 hours ago, TonyS said:

I stored all my silver in capsules until I got fed up of the landslides if I even sneezed near the safe.

All standard sized coins are now in tubes, 10oz coins and bars don’t tend to fall over.

Or just pour them into something box like.

[danmc82]

5 hours ago, DarkChameleon said:

Or just pour them into something box like.

Not many capsules can hold a box 😁

[dicker]

I chuck all mine in capsules - I am a temporary custodian and hope that my bullion coins will be MS something in 100 years.