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MIKE FULJENZ’S TOP 12SECURITY TIPS

COMMON-SENSE ADVICE TO PROTECT GOLD AND FAMILY

PROTECTING COINS FROM DANGER TIPS

As Hurricane Florence slammed into the Carolina coast in September 2018, we are reminded of Hurricane Harvey moving through Texas in 2017; Hurricane Rita in September 2005; and the hurricane that sank the SS Central America on September 12, 1857, causing a financial panic that year, but providing America with a treasure trove of classic gold coins this year.

Now that hurricane season is reaching its seasonal peak in 2018, it is timely to remind collectors and investors that rare coins and other valuables survived Hurricane Harvey and other disasters intact if they were stored in bank safe-deposit boxes, but some were lost if they were stored in private homes.

When you store coins and other valuables in bank safe deposit boxes, try to select a box from the mid-point (waist level) to the top of the room so that your valuables can escape any water damage that might leak in. You should be aware that PCGS and NGC coin holders are not airtight or completely waterproof. So it pays to select as high a box as you can rent. If your coins do get damaged by water, do not attempt to clean them. Consult with a reputable dealer on what prudent actions should be taken.

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About COINage Magazine

CoinAGE November 2018, Special Edition: Protecting Coins from Danger, Wind, Water & Coins, And More......