Storage Options for 90% Silver Bags
90% silver bags present unique storage considerations compared to bullion coins. A $1000 face value bag weighs approximately 55 pounds and occupies significant space. Your storage decision should reflect your holdings value, weight capacity, and access needs.
The weight and bulk of junk silver bags make professional storage less common than for gold. Most investors store 90% silver at home or in bank safe deposit boxes.
Home Safe Storage
For many 90% silver investors, a quality home safe provides practical and affordable storage. A good fireproof safe (ideally bolted to the floor) offers reasonable security for moderate holdings.
Weight capacity matters for 90% silver. Ensure your safe can handle the weight: a single $1000 bag is 55+ pounds. Multiple bags require substantial safe capacity and floor support.
Store coins in their original bags or transfer to heavy-duty containers. Keep detailed records of your holdings separately from the physical silver.
Home Storage Security Considerations
Discretion is your best security. Avoid discussing your silver holdings publicly. Position your safe in a concealed location. Consider a monitored security system.
Insurance is essential. Contact your homeowner's insurance provider about coverage for precious metals. You may need a scheduled valuable items rider or standalone policy. Guidelines on insuring valuables provide helpful context.
Bank Safe Deposit Boxes
Bank safe deposit boxes offer institutional security at reasonable cost. However, weight limits may restrict how much 90% silver you can store. Check your bank's weight policies before relying on this option. The FDIC guidance on safe deposit boxes clarifies insurance limitations.
A medium safe deposit box may hold one or two $1000 bags depending on dimensions and weight limits. Annual rental fees typically range from $50-$200 depending on size and location.
Safe Deposit Box Considerations
Bank box contents are NOT insured by FDIC or the bank itself. You must obtain separate insurance coverage for your silver.
Access is limited to banking hours, which can be problematic if you need immediate access. Some investors find this acceptable for long-term holdings.
Weight and Handling Considerations
Unlike lightweight bullion coins, 90% silver bags require careful handling. Plan how you'll transport bags if needed. Multiple bags may require assistance or specialized equipment.
Consider dividing holdings across multiple storage locations for security and accessibility. Smaller lots (such as $100 or $250 face rolls) offer easier handling than full bags.
The weight and bulk of 90% silver make it less portable than equivalent value in bullion coins. Factor this into your planning for potential relocation or liquidation scenarios. For background on silver storage considerations, see 90% silver coin bag investing fundamentals.