How to take good care of your gold coin collection? A well-maintained gold coin collection is one that retains its value. From maintenance to storage, how can you avoid scratches and other signs of wear? How do you take good care of your gold coin collection? Follow the GOLDMARKET guide.

How to properly clean your gold coin collection?

Never use chemicals to clean your gold coins. They risk discoloring and scratching the surface, not to mention losing their patina (what gives them their shine). This applies above all to exchangeable coins, where the slightest scratch or blemish can reduce their value. For non-exchangeable coins, whose value is determined by their weight in gold, you can afford to clean them.

Make sure your hands are always clean before handling your parts. A little warm water and soap is all you need to clean old parts. Rinse with distilled water in a separate container. Then wipe the part with a clean, soft cloth. Be careful to clean the parts one by one, to avoid rubbing. You don't need to clean your parts regularly to keep them in good condition. Clean only when necessary. Always be careful when handling your gold coins. If they are dropped or hit, they can quickly lose their value.

At GOLDMARKET, we do not recommend cleaning your coins. Exchangeable coins can become non-exchangeable, and collector coins can lose their value. What determines the value of a collectible (numismatic) coin is also its original condition!

How to store your gold coin collection?

When it comes to storing your gold coin collection, you have several options. Firstly, you can store them individually in a single coin pouch. Another, more suitable solution is to store them in a seal. This is a small plastic bag specially designed for storing gold coins. In addition to ensuring that your collection is well cared for, the seal also lists the characteristics of your coins (purchase date and price, value, etc.). In a way, it's a guarantee that you'll take good care of your gold coins with a view to their eventual resale. If you have a large collection, you can opt for a storage unit with drawers for your gold coins.

Important: be sure to ask for a sealed bag when you buy gold coins. This will enable you to keep your coins in good condition and benefit from tax advantages (capital gains tax).

How to store your gold coin collection: a sealed safe

If you have a large quantity of gold coins, it's best to store them in a sealed safe. The latter must meet A2P standards, a guarantee of quality and sturdiness! Here's some information on safes with insurable value. You can also store your gold coins in a bank safe (risk of confiscation by a creditor - declaration to the tax authorities). You can also opt for a storage solution outside the banking system. At GOLDMARKET, we offer a storage solution outside the banking system. Please do not hesitate to contact our team for advice and guidance.

Need advice on investing in gold? Contact us for free advice. You can also visit one of our GOLDMARKET branches.