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Nyc, NY - Thieves Steal Contents Of Safety Deposit Boxes

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Bedrock of the Community
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 Posted 05/27/2016  1:04 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
I saw a report a day or two ago and the guy said they didn't give him any problems, just took his declaration of the value and he had his check within the month.
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 Posted 05/27/2016  2:46 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list
Thanks. The ANA has no reviews or feedback to provide to me and suggested I visit their forum. I visit this one instead and get answers.
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 Posted 06/30/2016  2:37 pm  Show Profile   Bookmark this reply Add CoinHoarder2014 to your friends list
Wow... I don't trust anyone else but me with my valuables. This just makes up my mind never to invest in safety deposit boxes. Call me paranoid but stuff like this happens to anybody regardless if the criminal even is aware of the contents or not. All this takes is a motivated poor person to take something, they will find a way to do it.
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 Posted 06/30/2016  3:54 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list
We use Hugh Wood. We have a blanket policy that covers inventory and all outgoing and incoming coins. Contact Nancy Khoury at Hugh Wood. Call the Manhattan office and ask for her. Tell her Susan at CCF Numismatics sent you.
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 Posted 07/27/2016  3:25 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
Hey they have apparently caught the thieves!

http://www.foxnews.com/us/2016/07/2...eds-say.html
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 Posted 07/27/2016  4:24 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list
Good news for a change! However they don't mention if any of the loot was recovered.


Quote:
Guess no one thought about putting a camera in the room...

Maybe not...


Quote:
Evidence in the case will include surveillance footage of the men as they prepared for and carried out the burglaries, as well as video surveillance of two of the men buying supplies used in one of the burglaries, authorities said.

Valued Member
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 Posted 08/15/2016  8:51 pm  Show Profile   Bookmark this reply Add Buzz Killington to your friends list
I bet there isn't one Safe Deposit box robbery for every thousand home break-ins.

I looked into insurance, and the rate was something like 1.25% per year of the insured value, with a .5% discount for items in a Safe Deposit box. I don't recall who the insurer was.

There is no such thing as perfect security. For the price, I think a Safe Deposit box in a bank vault is the most cost effective protection there is.
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 Posted 08/23/2016  2:39 pm  Show Profile   Bookmark this reply Add 4504 to your friends list
I keep my stuff in a safe deposit box, but this article really alarmed me on how easy it could be to get into the vault and steal you and your kid's dreams.

my question is this... with all of the possible millions of dollars in the safe deposit box, why would a bank be so incompetent in security by not installing power back-up systems in case the thieves cut the wires, or put up those invisible lazer lines running through the safe deposit box area that will trigger a backed-up alarm? or have I just been seeing too many bank burglary movies?

seriously, in addition to the cameras, which do nothing to alert the police or actitivate an alarm, why not put in a couple of cheap motion sensor devices that go off when movement is sensed by the machine. I had a few of these and they worked very well and could be hooked up to an external bell or whatever. the total cost to the bank would be less than a hundred bucks.

or what about just hiring a $10 an hour security guard to work the nights? I a sure the bank could find a way to pass on the cost. I would pay more for my box for better security in whatever form it took.

In any case, my trust in the safe deposit boxes is seriously compromised, I am going to look into the insurance before somebody in my town gets the same ideas as these crooks did. what good does it do to put up heavy steel doors and bars when the walls and roofs of the bank or safe deposit box rooms appear to be no more secure than an average house?
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 Posted 08/23/2016  3:03 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
I have my most expensive coins in mine. I'll take my chances :-)
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 Posted 08/24/2016  1:45 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
I bet there isn't one Safe Deposit box robbery for every thousand home break-ins.

Probably closer to one for every 100K home break-ins or more. In my lifetime I can only recall hearing about maybe five or six.
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 Posted 08/24/2016  6:00 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list
True, but a vault robbery can be the equivalent of hundreds of home break-ins, all at once.
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 Posted 08/24/2016  6:09 pm  Show Profile   Bookmark this reply Add Imthealphaomega to your friends list
That's why I prefer having my own personal safe in my house. I have immediate access to it.....
This safe is over 300 pounds with everything in it....plus if you can get past the alarm system in my house, my dog (she's a very good guard dog), plus my father who carries a glock pistol and I have access to a spare pistol .....they'll still be outta luck cause it's dead bolted into concrete.
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 Posted 08/24/2016  6:31 pm  Show Profile   Bookmark this reply Add coinlover1899 to your friends list

Quote:
That's why I prefer having my own personal safe in my house. I have immediate access to it.....
This safe is over 300 pounds with everything in it....plus if you can get past the alarm system in my house, my dog (she's a very good guard dog), plus my father who carries a glock pistol and I have access to a spare pistol .....they'll still be outta luck cause it's dead bolted into concrete.


I would not like to rob your safe, I think it might hurt...
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 Posted 08/26/2016  6:46 pm  Show Profile   Bookmark this reply Add Buzz Killington to your friends list
I think people who have home safes would be surprised how easily they can be broken into. The worst case scenario is to put in an expensive safe, and have an employee at the company pass along your address, and have someone put a gun in your face to open the safe.

My expectation of a bank vault is that there is a secure floor and roof, and hopefully better security measures in place than this NY robbery, which did not look like a real "bank" and might have been in a strip mall. It is still disconcerting to read about. I don't like paying almost 1% of the declared value of a collection that is in a safe deposit box, though. And I don't like cataloging and listing what I've got in my house for an insurance company, which I would never do unless I am describing the contents of a bank vault.

I guess the bottom line is, there is no such thing as perfect security.
Bedrock of the Community
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 Posted 08/27/2016  10:48 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
I don't like paying almost 1% of the declared value of a collection that is in a safe deposit box, though. And I don't like cataloging and listing what I've got in my house for an insurance company, which I would never do unless I am describing the contents of a bank vault.

Hugh Woods, rates for coins kept in a SDB are considerably lower than that and you only have to list individual items that are over $10,000.
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