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 Replies: 84 / Views: 15,520 |
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Valued Member
Germany
303 Posts |
The bank might be the best solution regarding safety. However, if you know the feeling that from time to time you just want to take a look at certain coins and hold them in your hands, putting them into a bank box might not be the best way. I simply do not want to be limited to the opening hours of a bank to check on my coins.
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CCF Advertiser
United States
1533 Posts |
If you keep the bulk of the value in the bank, you can bring coins home whenever you want. I go to my box probably once a week and have photos of everything.
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Valued Member
United States
406 Posts |
My security scheme is a bit different from most - I'd be interested in hearing opinions on it.
My coin collection is (mostly) housed in Dansco albums and a few Whitman folders (I'm going to upgrade the folders someday, I promise!)
I have a fairly extensive paperback book collection, most of which is stored on a series of sturdy IKEA bookshelves in our upstairs office/computer room (my wife and I like to call it "the Bridge", but I digress). The bookshelves are deep enough to where the Danscos can fit comfortably on the back with a double row of paperbacks in front of them. With this setup the Danscos are completely invisible. The only people who know about my collection are trusted friends and family members, and I never refer to my collection as valuable in any way. When I want to look at the coins or make an addition to my album all I have to do is shuffle the paperbacks around. I figure, what criminal is going to waste precious time (especially with my screaming alarm) looking at a bunch of books when there are other more valuable items to lift? I do realize that I am not getting the benefit of a safe's protection against fire but otherwise I feel pretty good about it.
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Pillar of the Community
Canada
1747 Posts |
I am also considering a safety deposit box, however with the size of my collection (ahem.. hoard) it might be too large. These boxes are rather small, and get expensive for the larger ones.
I would also take great pictures of my coins so that I would be able to look at them whenever I wanted to. (however I don't seem to ever have the time to do this.)
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Bedrock of the Community
United States
17884 Posts |
Quote:
There is one thing though that increases safety a lot: not telling everyone about your coin collection Lots of people stress this, "Never talk about coins or let anyone know you collect coins." Then everyone wonders why there are so few new collectors. |
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Valued Member
Netherlands
74 Posts |
I hear a lot of people talking about bank safes. I've got the impression that on this side of the pond most banks are getting rid of the old-fashioned bank buildings, and are moving to completely cashless branches. Want cash, go to the ATM. This also means they don't have big safes anymore, and pretty much all banks that still have them have stopped taking new customers for safety deposit boxes.
There have popped up a few private companies offering safety deposit boxes, but they only have a few locations in the country, so the chance that there is one nearby is pretty small.
For this reason storing at home will in the future for more and more people be the only viable option.
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Bedrock of the Community
United States
17884 Posts |
Check out the latest postings in the Numismatic Crimes forum on the safe deposit box robbery in New York.
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CCF Advertiser
United States
1533 Posts |
The Netherlands has much more of a crunch for space than the US does. Most of America is still empty, though the coasts are full. We still have lots of bank branches.
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Valued Member
United States
59 Posts |
I bought a home safe and have never been so excited/happy! Our state does not tax on gun safes, so I got a big gun safe, bolted it into my master closet and covered it with cloths :) . Honestly with the thefts of safety deposit boxes from banks in NY lately, I do not trust the safety of the bank.
Our safe comes with fire and theft insurance from the manufacture, which requires me to keep a contents list, but that is not painful. Also note most safes are fire and forceful entry safe but NOT waterproof, make sure to store in waterproof boxes! With my coins at home I am able to take them out, look at them and have them be more enjoyable in my life!
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Pillar of the Community
Canada
1747 Posts |
Erica, don't forget about having desiccant there are well.
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Pillar of the Community
United States
8517 Posts |
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With my coins at home I am able to take them out, look at them and have them be more enjoyable in my life! That's the way I look at it too. That would be a pain having to run to the bank. Plus I needed the storage for all my guns, win win. Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
9395 Posts |
I store all valuable coins in safety deposit boxes. I have 4 boxes in 3 separate bank vaults, in 2 different "cities".
All gold coins and selected other coins are at the banks, with cheaper bulk coins (like junk silver) at home.
With coins in 3 vaults, I guess the odds of losing some of the collection are 3x higher than with just one vault, but the odds of losing it all through robbery are greatly reduced (I hope).
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Bedrock of the Community
United States
17884 Posts |
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Plus I needed the storage for all my guns, win win. I'm not sure I would store my coins with my guns unless the coins are in airtight containers. |
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Pillar of the Community
United States
8517 Posts |
I haven't seen any change in the past six years.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
243 Posts |
I bought a nice 21 gun safe and brought it home late at night..None of the neighbors knew anything about it. Well a couple days later I was so proud of it ,I told one person that I thought I could trust..now they all know I have it..Dont make that mistake..
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Replies: 84 / Views: 15,520 |
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Posted 05/24/2016 2:55 pm
