The Dangers Of Coin Collecting I Never Considered.

How does one put a price on a priceless object? Say I traded a unique 50 year-old blanket for a unique 50 year-old walking stick... Who decides what they´re worth if they don´t have a replacement value? Excuse my cynicism but 40% of 0 is still 0. Things aren´t made the same way anymore and it´s pretty random to say the old blanket is worth the same as a Spongebob Squarepants made in China blanket or that the old cane is worth the same as a titanium cane. Or a bag of dirt for a bag of rocks? Whatever is not for sale has no monetary value.

¨Just because it´s written, doesn´t make it so.¨ - Guy Ritchie

Home security and protecting ones valuables is very important.

1) Have a safe (or two... or even three) but have them out of plain sight. If anyone sees or even knows you have a safe they will already have the idea that you have something of value in them.

2) Loose lips sink ships! If you want to talk about your collection protect yourself... give it time and trust before someone knows where you live or even where you store your valuables. Don't be so excited to share your newest aquisition with the world.. (In the digital age that also means turning off the GPS locator found on most phones and digital cameras... it's crazy when on some other forums I see people show pictures of their gold or silver coins and I will private message the individual and say to them... "If you live at __________ I know b/c of this picture you just posted up"

3) Get a safety deposit box !! They're really cheap and pretty darn secure... any coin or banknote with a value of over $200 is automatically placed in an S.D. box.. (That's my range.. you find yours which you're comfortable with) To me it's just a greater peace of mind knowing that my collection is safe.. if/when I want to look at a few items I can with out issue or worry.