How To Store Gold Sovereign Coins
On 28th October 1489, King Henry VII ordered his Royal Mint to produce the very first gold sovereign coin. Since then, there have been countless models of the gold sovereign coin in circulation, with almost every British monarch since Henry VII producing at least one version of their own.
However, experts estimate that less than 1% of all original gold sovereign coins are still in collectable condition. As a result, gold sovereign coins are some of the most in-demand collector’s items on the market today.
In addition, gold sovereign coins contain exactly 7.3224 grams of pure gold, making them a great choice for gold investors. As you can imagine, rare sovereign coins can be worth considerably more than their raw value in gold.
In this blog post, we’ll be highlighting some of the most popular ways to store gold sovereign coins, with some tips and recommendations along the way.
Tips For Storing Gold Sovereign Coins
Avoid Sunlight & Humidity
Wherever possible, keep your gold sovereign coins at room temperature in dark, dry conditions. This is because sunlight and humid environments can damage your coins, especially if they’re in these conditions for long periods of time.
Use A Safe For High-Value Items
As with any high-value item, peace of mind is extremely important. Many people choose to keep their sovereign coins in a well-built personal safe to protect their investment from burglars, particularly for any rare collectable coins. Of course, it’s crucial that you choose a durable, high-quality safe to ensure that your items are truly protected. We recommend choosing a safe with a sufficient Eurograde rating to ensure that the full value of your coins will be covered by your insurance provider; for example, if your gold sovereign coins are worth more than £60,000 then a safe with a Eurograde 1 rating should be suitable.
Avoid Cleaning Your Coins
With the vast majority of gold sovereign coins, we usually recommend to avoid cleaning them in order to retain their value. This is because many professional cleaning products contain acidic chemicals that can damage the surface of sovereign coins. Even simple cleaning methods like running the coin under a tap or rubbing it with a towel can cause damage, therefore it’s usually better to avoid cleaning methods full stop.
Gold Sovereign Coin Storage Methods
Coin flips are one of the most popular ways to store individual gold sovereign coins, allowing collectors to safely display their coins whilst protecting them from dust and liquid. Coin flips can be found in cardboard or various types of plastic, although we’d recommend avoiding PVC flips as they can sometimes damage your coins – mylar coin flips are usually your best bet. Plastic coin capsules are another popular variant of coin flips, although they are often a sturdier option.
Another popular way to store gold sovereign coins safely, whilst still allowing them to be shown on display, is by keeping them in coin albums. These are essentially storage albums with hundreds of rows of coin flips, which makes them ideal for large collections of sovereign coins. Like individual coin flips, they also allow collectors to safely display coins whilst protecting them from dust, liquid and other elements.
Whilst some collectors prefer to keep their gold sovereign coins hidden away in coin albums, many like to bring out their favourite coins on special occasions. In these situations, coin flips don’t really accentuate sovereign coins as most people would like. As a result, many collectors invest in solid gold pendant mounts to hold their gold sovereign coins, which also allows them to wear it on a gold chain or necklace. If you choose to do this, we’d advise keeping your coins in individual flips or a coin album within your safe at all other times.
Ring mounts are another popular option for collectors that like to bring out their gold sovereign coins on special occasions. As opposed to pendant mounts, these gold sovereign coin mounts are made in the form of a ring, allowing the owner to wear the coin on their hand. Like pendant mounts, they can be found in a wide variety of designs and finishes, however most mounts are made in solid yellow gold with patterns that complement the coin.
As you can see, there are several ways that you can store gold sovereign coins, whether you’re collecting them to sell on in the future or simply out of passion. These beautiful bits of precious metal really do carry a lot of history with them – just think about how many generations your coins have been passed down through.