Who Do You Insure Your Coin Collection With?

FN 7.62 Nato round..

I have debated with myself to respond to this thread or not for the very reasons mentioned by ozcoins, however I have decided to share in the hope it helps other protect their collections.

I have one simple rule - don't tell anyone, don't show anyone, my collection is for me alone.

if I just have to tell / show someone (what good is a collection if you can't show it off sometimes?) firstly it has to be a close friend who I trust implicitly, and even then I take the following precautions:

1) tell them that no one else knows about the collection, so if anything untoward happens, they will be first on my hit list

2) never tell where you store / keep your collection - make stuff up, tell them it is usually kept in an undisclosed vault and will be going back there seconds after they leave

3) keep the collection locked away, out of sight and secured by multiple alarm and security systems

4) And absolutely never talk about your collection on the internet... d'oh! well, ok, never give specific details about value or storage or protection systems (cannot agree with ozcoins more on this point)

5) implement good security practices and procedures that you never ever break

hope this helps somewhat

Thanks for your advice ozcoins. :)

Just above your post there will be what looks like a little page of paper with a pencil on it.
--->
Click that and you should be on your way!

Without wanting to sound too political in this forum, I would suggest that a gun would be of limited benefit when you are not at home.

I agree that you should be very wary who you discuss your coin collection with and that you should never discuss it in a public place.

The secret about coin club is that nobody talks about coin club. I get my coins from e-bay delivered to my work address. Also I am going to buy a safe. The coins that I have are not valuable (less than $150 is my most expensive), but I have spent a lot of time and effort into finding them and I do not want to have to repeat that!
I have some good hiding places for now though :-)

To avoid the risk of a burglary (a break in) and some crook pinching your coins consider the following;

- Making the house look lived in (electricity timers, telly on when you aren't at home, lights on in bedrooms, radios up loud etc)

- Get a good/big guard dog

- Put your alarm pad in a place that can't be seen. Most people have it at the front door and near windows where crooks can peek in and see the light on for when it is armed and not armed

- Rather than putting all of your coins into a safe I'd argue to spread your collection around the place. If you keep everything in a single safe, I know what I'd be doing if I found that safe and I was a crook

- Think about hiding stuff in your roof. The common burglary happens quickly - in and out in five minutes looking in the common places for jewellary, cash and electrical (peeking inside drawers, cupboards etc). It takes a bit of time to get into a roof... but don't leave a ladder nearby

- Keep up to date records and values of your coins. The common burglar will be pawning your stuff at a second hand dealer or selling your items on the streets. Make sure you can prove what items are yours if they turn up in a shop window - keep reciepts and take photos of your coins. Make sure your records are nowhere near your collection

- Be nice to your neighbours. They are the ones who will be calling Police when something looks out of the ordinary. Introduce them to your family and friends when the time is right so they know who should and shouldn't be at your house

- Don't leave price tags on your coins