The TOP 5 Places to Store Your Coins
Sep 2023

"An ounce of prevention is worth a pound of cure."
-Benjamin Franklin

Did you know that the South African Gold Coin Exchange offers a trusted and discreet safe custody service for gold storage?

Safegold, with its managed, insured, and secured environment, provides you with the first step in building a lasting legacy that will last for years to come.

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Storing gold coins and numismatics safely is essential to protecting your assets and to ensure the items remain in good condition. However, there are many pitfalls when it comes to storing the coins yourself, and as we’ve seen in recent times institutions like banks are not as secure as they were thought to be.

In an age where overt displays of affluence can often overshadow true character, there's a timeless elegance in modesty. Choosing not to flaunt wealth is a reflection of inner confidence and a desire to be recognised for one's virtues, rather than material possessions. While there's no harm in enjoying the fruits of one's labor, discretion can sometimes be the wiser choice, both for personal security and genuine social connections. For those who want peace of mind, consider the following. Dress simply, stay educated, and maintain a certain level of privacy.

Here are the top 5 places to safely store your gold coins and numismatics:

Safe Deposit Box at a Bank: Many people trust banks to store valuable items, especially if they have a significant collection. A safe deposit box offers a high level of security, and banks typically have protocols in place to protect against theft, fire, and other potential risks. However, ensure you keep an updated inventory of what's inside and understand that most banks' insurance does not cover the contents of these boxes.

Home Safe: If you prefer having your valuables close, investing in a high-quality home safe can be a good option. Ensure it's both fireproof and waterproof. If possible, bolt the safe to the ground or a wall to deter theft. Remember, the location of the safe should be discreet to reduce the risk of theft. The downside is that if would-be thieves get wind that you have a safe in your house the risk to you and your family is greatly increased.

Vault Storage Services: There are specialised facilities that offer vault storage services specifically for precious metals and other valuables. These companies usually have high-security measures in place, including 24/7 surveillance, biometric access, and state-of-the-art alarm systems. Of course, this all comes at a cost, with the burden of insurance falling on the consumer.

Diversify Storage Locations: If you have a substantial collection, consider splitting it among various storage options. This strategy reduces the risk of total loss in case one location is compromised. However, this may be inconvenient and expensive in the long run. Also, while the risk is reduced for losing large amounts of your collection, with more places involved there is more opportunity for something to go wrong.

SafeGold. Our clients have complete peace of mind, knowing that their wealth is secure, insured and taken care of. Through our trusted insurers our clients are fully covered, and at an undisclosed and secure location their coins are safely stored. Our client are able to book a time to view their collection at any of our stores nationwide or at our Head Office in the heart of Sandton. At a price that cannot be beat SafeGold is by far the best way to store your gold coins and numismatics.