Your coin collection can hold a great deal of monetary value in addition to the actual value that is printed on the coins themselves. However, though individual coins may be small enough to hold with two fingers, any sizable coin collection can take up a great deal of space and can actually weigh quite a bit.
If you want to free up some space within your home, you may want to start thinking about renting a self-storage unit to hold your coin collection. However, before moving your collection into a storage unit or locker, you will want to make sure that your coins are properly prepared so that they do not become damaged and lose some of their value.
The most important thing that you can do to your coin collection before you put it into long-term storage is to wrap it in acid-free paper, which is available at most hobby shops and storage stores. You should also look into acid-free cardboard boxes. The acid-free property is essential because when regular acidic paper breaks down, it can cause discoloration and rust on your coins. This ruins their condition and thus their value.
In addition, when handling your coins, you should use rubber gloves, as the natural oils on your hands can cause minute amounts of damage that can actually become fairly significant over time.
Insurance and Security
After you have wrapped and packed your coin collection into the proper storage materials, you should start considering the collection's safety while actually in the storage unit. You'll want to look for storage facilities and units that have several security features, such as strong or multiple locks, closed circuit cameras, and a security guard present at all times.
It is also a good idea to consider getting your coin collection assessed and insured for partial or full value, as there is always a risk of theft or damage even in the highest security units.
At the same time that you are inspecting the security features associated with your storage unit, you may want to consider investing in a climate-controlled storage unit. While climate control will increase your monthly storage costs, it can help maintain the condition of your coins and hence their value by regulating a moderate level of humidity and temperature. Climate control can also prevent mold growth and rust, which can develop over time due to warmer temperatures and high levels of moisture in the air.
Read more about protecting your coin collection with storage facilities.