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Protecting My Gold Coins From Theft.

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Pillar of the Community
steve199's Avatar
United States
1882 Posts
 Posted 03/16/2009  11:51 am  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply

Quote:
- Inside a "spare" pillow on the bed


Now that's one way to teach the kids to stop having pillow fights.
Bedrock of the Community
United States
20753 Posts
 Posted 03/16/2009  7:45 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
The best deterant from theft for coins is to keep your mouth shut about them. And I mean to everyone. You tell a relative that tells another relative that tells a neighbor that tells a friend that sends an email to their friends in prison.
Or you tell your insurance agent who is only a temporary person that is now being layed off and has no income so him and all the rest of the layed off insurance people get together and stop by for some Gold.
You could put an add in the local newspaper saying you have a house full of Gold coins and anyone that has an idea of how to protect them, let me know and here is my address.
The less people think you have worth stealing, the better off you are.
And as already noted to the limit, get a safe deposit box.
Of course if you do, make sure my name is on the registration slip in case.
Pillar of the Community
nod2003's Avatar
United States
3294 Posts
 Posted 03/17/2009  08:47 am  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
As an aside, it might actually be a good idea to put them on your insurance policy if you keep them in your house. Just in case.
Bedrock of the Community
United States
20753 Posts
 Posted 03/17/2009  11:06 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

As an aside, it might actually be a good idea to put them on your insurance policy if you keep them in your house. Just in case.


In the good old days this would probably have been a good idea. With things the way they are today and all your personal information in the insurance company's computer, not to smart today. Such computers are available to just to many personal in that company. Have you ever gone to an insurance agent with a question about a policy? I have and with just your name they bring up so much stuff on the monitor I feel like my life is an open book. Everything I ever put down on my home owners policy was right there for this person to see. And she was just a receptionist. If she can do that, anyone in the company can do that. If you list Gold or coins, they are right there for the entire company to see.
Valued Member
soldier4Christ's Avatar
United States
419 Posts
 Posted 03/17/2009  1:28 pm  Show Profile   Bookmark this reply Add soldier4Christ to your friends list Get a Link to this Reply
I'd go with "Place Label Here". Or Grandma's Urine and stool samples.
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nod2003's Avatar
United States
3294 Posts
 Posted 03/17/2009  2:08 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
Perhaps you are right just_carl, however, if you do not list them and they are stolen or you have a fire, good luck getting any insurance money for them.
Bedrock of the Community
biokemist6's Avatar
United States
12437 Posts
 Posted 03/17/2009  2:56 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Homeowner's insurance is all but worthless for coins anyway- some companies will not cover them at all, others treat them as face value cash or impose ridiculously low value coverage limits, and with the rest you might be lucky to get 50 cents on the dollar insurance recovery. There are companies that specialize in collectibles insurance and those generally tend to be the best insurers. ANA members have very reasonable group rate insurance available through Hugh Wood Inc.
Bedrock of the Community
United States
20753 Posts
 Posted 03/18/2009  09:49 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

Homeowner's insurance is all but worthless for coins anyway- some companies will not cover them at all, others treat them as face value cash or impose ridiculously low value coverage limits, and with the rest you might be lucky to get 50 cents on the dollar insurance recovery. There are companies that specialize in collectibles insurance and those generally tend to be the best insurers. ANA members have very reasonable group rate insurance available through Hugh Wood Inc.


I quoted this due to how true it all is.
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