Investing in Precious Metals 101 Ad

Bullion coin care

Home Forums DISCUSS General Discussion and Questions Bullion Coins Bullion coin care

  • Wed, May 08, 2013 - 11:26pm

    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Bullion coin care

The bullion value of an ingot should not be affected by physical damage; value is a function of weight and purity, not appearance. That said, would you prefer to buy shiny bullion or dirty and scratched? If you purchase coins, their numismatic value definitely will be reduced by physical damage.

Little known fact: do NOT keep silver in contact with natural rubber. The silver gets very badly tarnished.

I presume you'll be keeping your bullion in storage anyway, not carrying it with you and jiggling it around. It's best to keep it as pristine as possible. Also hang on to the sales receipt; this may assist in future sales especially if you buy from a reputable dealer.

Regarding the price of large ingots vs small, I can't comment. Best to go to a dealer (Internet or shopfront) and get quotations.

Finally, where will you store your precious metals if your collection grows?

All the best