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How Do You Handle Gold When Physically Moving

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First Page  Showing last 15 replies.
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Pillar of the Community
United States
3486 Posts
 Posted 09/14/2013  12:19 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list
My first thought is to put it with your important papers and photos.
Clothes and furniture are replaceable, but memories are not.
Really, when I travel to a coin show I just throw it into the car.
You may be a more cautious chap so I'll pass you on to the next responder.
Pillar of the Community
United States
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 Posted 09/14/2013  2:06 pm  Show Profile   Bookmark this reply Add Fat Freddy to your friends list
I think any serious answer to that question would have to be based on the dollar value, size and weight of what was being moved. Value-wise -- my answer
on how I'd move 50oz of Ag would be totally different from my answer on how I'd move 500oz of Au or Pt. Size/weight-wise -- is this a number of boxes with
a large, heavy total weight or one steel military surplus ammo box with a few pounds in it?

You need to evaluate your degree of risk in this move and the value/size/weight of your PM's and make a prudent decision about what to do based on your
analysis of the situation and values involved.

Namachieli's quip about a firearm wasn't totally out of place, either. If I was moving PM's and a firearm at the same time, the gun would be out of sight and
unloaded but easily accessible and I'd have some ammo in my pocket.

On the insurance idea -- you may have difficulty finding an insuror that will cover PM's in transit (unless being transported by a bonded carrier). You might be
able to find a Lloyd's of London affiliate that would provide coverage, but the cost will be a nightmare.

Good luck with your move.
Edited by Fat Freddy
09/14/2013 2:14 pm
Pillar of the Community
United States
2120 Posts
 Posted 09/14/2013  3:26 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list

Quote:
Namachieli's quip about a firearm wasn't totally out of place,


Oh it wasn't a joke either. I'm a proud holder of a conceal carry permit.
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 Posted 09/14/2013  4:27 pm  Show Profile   Bookmark this reply Add KenKat to your friends list
How-Do-You-Handle-Gold-When-Physically-Moving
Pillar of the Community
United States
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 Posted 09/14/2013  4:43 pm  Show Profile   Bookmark this reply Add westcoin to your friends list
Back at a shop I worked at in the 1990's when we needed to move gold we did it as discreetly as possible, took two vehicles, in case of a robbery or a break down, the gold (always in coin form in my case) was kept in a metal ammo case locked, and placed in the trunk. Yes everyone in each car was armed as well. I don't think we ever moved more than $250K worth at a time, and then we didn't do it often, once or twice a year maybe. Once to a bank for a customer and a couple of times taking it to the USPS for shipping via registered mail. Packages were already made up and addressed then just put into the ammo cans for transport.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Pillar of the Community
United States
3843 Posts
 Posted 09/14/2013  5:34 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list
Make sure that under no circumstances that you leave the vehicle unintended when making stops for food or gas. It is amazing how many times coin dealers (that should know better) do this and get the contents of their vehicle stolen in a smash and grab. There are newspaper articles all the time about this type of thing. I've also heard of dealers being followed for hundreds of miles after coin shows by crooks.
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United States
10982 Posts
 Posted 09/14/2013  6:04 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
The most I've moved is about 20ozs, keeping that in mind: I procured a SDB at my new location and while retaining my old SDB with the gold in it. I then planned a day where I could drive directly from my old bank to my new bank with the gold. Since my moves have been under 300 miles, this was reasonable. If I needed to stop with $30k in gold, I used a restaurant drive-thru, pay at the pump, or quick trip into a restroom with my car locked and the gold concealed within.
ANA #R3154474
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United States
1200 Posts
 Posted 09/14/2013  6:22 pm  Show Profile   Bookmark this reply Add Fat Freddy to your friends list
Kenkat---That picture you posted is fantastic! It's "scratch+sniff"--right? When I scratched my monitor screen, I could actually smell the donuts! Seriously, though--
it's good to see those guys on duty, guarding a small pile (maybe $500 worth?) of $25 bank boxes of pennies. My faith in our banking system is renewed! Thank
you for that moment of levity -- I needed it. One thing though... shouldn't somebody warn the guards about the chubby kid with the RPG off to the right of the truck?
New Member
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 Posted 09/14/2013  10:45 pm  Show Profile   Bookmark this reply Add SilverSurfer415 to your friends list
ALERT!!
There is a secret guy recording to the right of the truck.
Valued Member
United States
64 Posts
 Posted 09/15/2013  07:48 am  Show Profile   Bookmark this reply Add elfof4sky to your friends list
Two years ago I was travelling to California from New jersey for the purpose of setting up an apartment and moving my family soon out to follow. After a long miserable drive, the DEA pulls me over and took all my money and boxed uncirculated bank coin (from which I was working Wells Fargos along the way) and left me on interstate 80 with no gas money. Oh and wrote me a ticket for driving too closer to the vehicle in front (not true but his excuse for pulling my jersey plates over. They proceded to review my emails and phone coms in days that followed I'm sure. I never got my money back cause I hired a lawyer and he never filed to have my money returned, but rather used it to trade with the prosecutor on some other case I'm sure. If you're gonna get robbed on the way it will likely be by the government.
Pillar of the Community
United States
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 Posted 09/15/2013  9:27 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list
well one thing is you dont want to tell everyone on FB, Google, twitter and even here. :D

So whens the move Star?
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United Kingdom
616 Posts
 Posted 09/15/2013  9:35 pm  Show Profile   Bookmark this reply Add starbuxinvestor to your friends list
Thinking of moving in the next 5 years or so if all goes well. Just was curious how I would handle PMs.
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 Posted 09/16/2013  1:54 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list
The last move I made required an Armored Truck, 3 FBI agents, a 5 man SWAT Team, & my 2 Rotties, and that was a 2 mile move.

How ever you do it, take the appropriate measures for the sercurity of your items.
Valued Member
United States
477 Posts
 Posted 09/17/2013  12:08 pm  Show Profile   Bookmark this reply Add shootnstarz to your friends list
In a Wells Fargo strong box on a 10 horse stagecoach with Slim ridin' shotgun !!

Rick
Pillar of the Community
United States
4085 Posts
 Posted 09/26/2013  09:55 am  Show Profile   Bookmark this reply Add KenKat to your friends list
In the interest of full disclosure, the above picture was one I shot at the 2009 LP2 Lincoln Cent ceremony...
Edited by KenKat
09/26/2013 09:56 am
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