Coin Sleeves

Coin Sleeves

The Buy Offices are being supplied with double pocket plastic coin sleeves to be used to protect the following:

1. Any bullion gold or platinum coin that is in mint condition. All denominations.
2. All Gold Antique/Vintage coins, whether USA or foreign. All denominations.
3. Any Antique/Vintage silver coins such as silver dollars that are high grade.

The idea is to protect them.

They are double pocket sleeves, and you can scratch one coin on the second one if you do not push the first one ALL THE WAY IN. So insert one all the way in one pocket, and then do the second one. You can fold the sleeve in half and scotch tape it closed, and they will not fall out.

When we sell US Eagles, Canadian Maple Leafs, Australian Kangaroos, Chinese Panda, etc., there is a small discount if the coins are scratched and a more significant discount if the coins are dinged.

If you are buying bullion coins that are already banging around in a bag, are already dinged or worn, it may not be so important, but if a coin is mint, let’s keep it that way.

That said, if you have the sleeves, it will not hurt to put gold/platinum coins and bars into sleeves even if they are dinged so that they don’t get worse. If the customer brings the coins to us in tubes, please try to keep them in the tubes.

Bulk amounts of silver rounds, or bars, that are generic (nongovernment minted) do not need to be sleeved. But if bullion silver bars/coins come in in plastic holders, you can test a few, AT RANDOM, verify they are real, and leave the rest in their “original” plastic. Do not allow the customer to decide which one you are opening to test, as they may be giving you real ones to test, and the others could be fake.

The Chines Panda Coins almost always are in a proof condition (proof means the background behind the artwork is mirror-bright), and these suffer a loss in value when they get banged up. So once you take them out to weigh and test, please keep them perfect by putting them in plastic sleeves.

Sleeving also applies to mint condition small gold gram bars and 1-5 ounce gold bars. Let’s protect them.

Other items such as the Chinese gold animals, off-weight gold bars, silver art pieces should always be protected so they are not damaged in transit.

ONE MORE THING: Keep this in mind when you drop items into the safes. The coins, watches, jewelry, etc., should be in something that protects them from the slight fall into the drop safe.