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 Replies: 84 / Views: 15,522 |
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Bedrock of the Community
United States
20753 Posts |
Quote:
I have two 110 lb male dogs. They do look intimidating when they get angry. Criminals don't care. Normally professionals check out the place they plan on robbing. If they know there is a dog, they bring stuff like pepper sprays, electric shockers or just guns or all of those. Criminals just don't care about killing a dog. I like safe deposit boxes. Not just for coins, but for lots of important documents. You can put a will in there. Stock certificates. Birth certificates. Jewelry. And in many instances, you can use them for a tax right off. One important thing to put in them is instructions on what to do with your coins. |
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Valued Member
Canada
55 Posts |
Do you guys know if safety deposit boxes are insured for things like fire and theft? Would you get face value for your coins or their silver/numismatic value?
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Bedrock of the Community
United States
17884 Posts |
If you want your safe deposit box contents insured you will have to get private insurance for it. The bank carries no insurance on the contents.
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Valued Member
Canada
55 Posts |
Okay, thanks for the info. I may just do that. I went ahead and purchased a large safety deposit box. I don't have any high end coins yet, like the low mintage Canadian 1948 silver dollars, but I feel good knowing I won't be singing the blues like my friends that got robbed and just had their coin collection in their bedroom. He lost some Spanish coins from a shipwreck.
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Bedrock of the Community
Australia
21788 Posts |
I use my collection as a reference collection, much the same as you would use a numismatic reference book.
I also use a small safe, the contents of which are much harder to get at, rather than 95% of my collection, which is close at hand, and not in a safe.
Answer:
Put the most valuable coins in the safe only, and use the rest of the collection as intended.
If a safe deposit box is used, a visit to the bank is required during banking hours, at a time when the owner has to earn an income to live. Access to a home safe is a much more viable option for me. It's perhaps a few minutes of inconvenience, not hours.
One asset that is impossible to steal from me:
my lifelong and abiding interest in numismatics.
NO one can ever steal that.
At best, I can nevertheless willingly share it.
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New Member
Canada
1 Posts |
*** Edited by Staff - Please review the rules that you agreed to when you registered. ***
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Valued Member
United States
422 Posts |
Also check the fire rating of the safe.
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Pillar of the Community
United States
1314 Posts |
I bought a cheap safe at a garage sale keep it obvious and have it filled with rocks. It doubles as an end table. The other safe I bought from the post office, and it is ought of sight. You might discourage burglers by keeping a large pile of trash and a fire bombed Chevy in the front yard.
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Valued Member
Germany
303 Posts |
A safe it is. There is one thing though that increases safety a lot: not telling everyone about your coin collection ;)
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CCF Advertiser
United States
1533 Posts |
Storing a large collection at home is just a bad idea. A safe will protect you against a burglary, but not a robbery or home invasion. You can be compelled to open anything, but you can't be brought to a bank at gunpoint. Find a bank near you and you can see your coins whenever you want.
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Valued Member
Germany
303 Posts |
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Storing a large collection at home is just a bad idea. A safe will protect you against a burglary, but not a robbery or home invasion. You can be compelled to open anything, but you can't be brought to a bank at gunpoint. Well I guess that's just a little different here in Germany. When it comes to burglaries in flats and houses, it is more like a hit and run thing. In addition, we have a very strict gun control law which is why not everyone is running around with pistols and rifles. Therefore, having a proper safe mounted to the wall will be a major issue for someone who has only 2 or 3 minutes to grab whatever looks valuable. |
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Pillar of the Community
United States
1314 Posts |
Quote:
we have a very strict gun control law which is why not everyone is running around with pistols and rifles I'm not sure it is that simple. We have the greatest crime where we have the strictest gun laws. Edited by Chute72
05/24/2016 05:22 am
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Valued Member
Germany
303 Posts |
Quote:
I'm not sure it is that simple. We have the greatest crime where we have the strictest gun laws. Well I'd suggest to compare the numbers of gun-related crimes of countries with very strict gun control laws and countries in which you can easily purchase firearms. Edited by Potsdam
05/24/2016 05:42 am
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Moderator
 United States
189222 Posts |
This is not going to turn into a gun debate.
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Bedrock of the Community
United States
11951 Posts |
I worry about this all the time.
My have been trying to have a balance of all that has been mentioned.
Dogs
Guns
Safes
Bank boxes
I also will have coins out on me desk, that I am working on.
But
I am also in the process of taking the more valuable
coins out of my albums, to store in the bank boxes.
Some of the coins I have now, I have wanted since I was
a kid. Somehow I was lucky enough to pick them up, over
the years. It would be crushing to have them stolen.
For those coins the bank boxes are my best way to keep
them safe.
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Replies: 84 / Views: 15,522 |
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Posted 12/18/2014 2:18 pm
