Whether you own silver bars as an investment or to complement a coin collection, proper care and storage of your silver bars is essential to maintaining their appearance and value for the long term. Security and careful preservation of the physical appearance of the metal are important aspects of storing silver bars.
Things You'll Need
- Soft cloth
- Safe or lockbox
- Plastic bag
Clean each bar thoroughly, using a soft cloth to remove any dirt or debris before storage. Storing a dirty bar for long periods of time can lead to tarnish.
Select a safe location in which to store your silver bars. investors choose to place their bars in a home safe, while others prefer to store silver bars at a bank. Consider how many bars you have, and weigh convenience and security when deciding where to store them. If you plan to sell some of your bars, you might find that a home safe is the best choice for storing your silver, since it affords you easy access. If you have silver bars that you plan to keep for emergencies, a lockbox in a bank can be a more appropriate choice.
Store silver bars neatly on top of one another. Silver bars typically come in 10 ounces and 100 ounces. Regardless of where you purchased your bars, bars of the same denomination are the same size. If you have multiple bars, simply stack the bars side by side and on top of one another in a safe or a bank lockbox. For single bar storage, you might prefer to place your bar in a protective plastic coin bag, available at hobby stores, to prevent tarnish.