Storage and Security: Keeping Your Precious Metal Coins Safe

Closeup Different Coins Box Table
22
Feb

It’s one thing to buy coins from bullion dealers online, but where will you store that metal? You want somewhere that will not only preserve the condition (and thus the monetary value) of the coins but also keep them safe from theft.

You might have already been advised to store the coins in your own home, at a bank or in a vault maintained by a third-party company. Let’s take a look at these three options and how they compare.

Storing at Home

Simply keeping those coins at home would enable you to access them as and when you need them. However, this assumes that you remember exactly where they’re stored in the house.

Maybe you’d be happy to stash the coins in a cupboard or sock drawer, or even bury them in the garden? These measures might deter theft but could also risk damaging the coins. You could mitigate this risk by using a home safe instead.

Storing at a Bank

Banks are already accustomed to securely storing money, so they seem like sensible places for you to keep metal coins — and indeed, in many respects, they are. A bank will allow you to transfer the coins to a safe deposit box good for protecting them from damage or loss.

Nonetheless, banks are also high-profile and, as a result, can often be targeted by criminals. Also, as the 2008 financial crash demonstrated, even large banks can go bankrupt. If this happens to a bank where you store metal coins, it could be tricky for you to retrieve them afterwards.

Storing in a Secure Vault 

This option can give you the best of multiple worlds. We maintain storage facilities that are virtually indestructible and protected by multiple layers of security, including biometric authentication and onsite guards, who monitor the sites on a 24/7 basis.

It’s easy to purchase coins from our bullion dealers online before asking us to keep these metal pieces safe and secure in either an Auckland or Christchurch vault. When browsing our website, you can further educate yourself about the storage options we have available.