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Rest in Peace
United States
2668 Posts |
I do have a small fire proof safe under the bed. My coin collection has grown waaaay beyond that. Which is good, because you don't want to know what the puppy did to that safe. They are not water-proof.  |
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Pillar of the Community
United States
1348 Posts |
I keep most of it in my home, but my very expensive coins are at the bank.
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Pillar of the Community
United States
1064 Posts |
Sounds like a Catch-22 Parklane; your stuff will get wet when they put out the fire...
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Pillar of the Community
United States
609 Posts |
I have my stuff laying out on a bookshelf in my room. I'm thinking of getting a fireproof gun safe to put them in. Dual purpose  |
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Bedrock of the Community
United States
10635 Posts |
That's why you have home owners insurance.
Les
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Bedrock of the Community
Australia
21786 Posts |
My collection is way too large for all of it to be in a safe. My most valuable ones are in a small hidden house safe that is part of the house structure.
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Pillar of the Community
Australia
652 Posts |
Mine are all now in secure off-site storage. The amount of coins I have fill a 2 drawer 'C' class container, 3 large toolboxes, a four drawer 'd' class cabinet and probably close to 100 'shoe' boxes. It would take up most of a small garden shed if I were to store them in one. No-one would insure them. So I simply pay for secure storage at about $120 month.  |
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Bedrock of the Community
United States
20753 Posts |
Quote:
I live on an Air Force base. I can't think of a safer place to live. Doesn't that depend on who's Air Force?  Quote:
That's why you have home owners insurance. Until you try to collect. Must have proof of everything and then you get a fraction of that. Quote:
I keep most of it in my home, but my very expensive coins are at the bank. Same with me. Presently using 5 different boxes in 5 different banks. That will keep the relatives going nuts someday. |
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Pillar of the Community
United States
1064 Posts |
sel_691 Quote:
My most valuable ones are in a small hidden house safe that is part of the house structure Is your safe fire-proof? |
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Bedrock of the Community
United States
20753 Posts |
Quote:
Is your safe fire-proof? In reality that makes little difference. What people forget is a safe, made of metal, gets hot during a fire. Pending on the location, the amount of fire, etc. what is in the safe could get messed up. Papers usually get browned. All those with plastic slabbed coins will find a pile of plastic now all melted on their coins. Albuims with those plastic slides will have melted all over the coins too. Glues used to make Albums and Folders too will have been made a bit more liquid and now too all over the coins. The heat of the safe itself will now force much of the Oxygen in the safe to combine with some of the coins too. A safe is safe as long as it doesn't get into the actual fire. For some reason people just don't realize that the inside of a safe also gets hot. |
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Valued Member
United States
361 Posts |
As far as insurance goes. I have been looking into some strictly numismatic policies. Turns out most homeowner policies really are not suitable for most collections.
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Pillar of the Community
Mexico
1304 Posts |
At home vs safety deposit box? Hummm....
Well, I'm on the outskirts of Mexico City where you are likely to get robbed leaving the bank. I know of two people in my "decent" neighborhood who have been robbed that way in the past six months, one died.
Safety deposit box/off-site storage? You kidding me? No way!
Edited for spelling
Edited by harrison2
08/03/2011 10:38 am
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Valued Member
United States
370 Posts |
I have everything at home right now. Have a small fire proof sentry safe that bolts to the floor, but it's not nearly big enough for my coin and card collection. I've been thinking about moving a few of the cards and some coins to a safety deposit box though.
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Pillar of the Community
United States
4333 Posts |
I have some stashed at home that would be ruined in a fire, or taken in theft. My bulk and valubles are kept safest at the bank, although they are uninsured.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
United States
19944 Posts |
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That's why you have home owners insurance.
It doesn't cover coins unless you have a specific rider. For State Farm it's called a "Coin, Jewerly, and Furs" rider but it's only good to $10,000....at least the last time I checked. Otherwise, per my agent, coins are not covered at all.  |
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Posted 08/02/2011 6:09 pm
