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Who Do You Insure Your Coin Collection With?

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Valued Member
Gecko's Avatar
Australia
278 Posts
 Posted 10/28/2011  12:46 am  Show Profile   Bookmark this reply Add Gecko to your friends list Get a Link to this Reply
Just above your post there will be what looks like a little page of paper with a pencil on it.
---> Who-Do-You-Insure-Your-Coin-Collection-With?
Click that and you should be on your way!
Edited by Gecko
10/28/2011 12:48 am
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Sap's Avatar
Australia
16849 Posts
 Posted 10/28/2011  02:58 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
It will only let you edit posts less than 24 hours old. Older than that, and only Moderators can edit posts.

If you want a post edited, click on the "send note to staff" link on the post in question, and in the text box on the little popup screen type in what you want the post to be edited to.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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MobOfRoos's Avatar
Australia
762 Posts
 Posted 10/28/2011  04:38 am  Show Profile   Bookmark this reply Add MobOfRoos to your friends list Get a Link to this Reply

Quote:
hahaha it is funny how all the US and Canada people recommend the guns.
If only the gun laws were not so harsh here in Australia that would be the go!


Without wanting to sound too political in this forum, I would suggest that a gun would be of limited benefit when you are not at home.

I agree that you should be very wary who you discuss your coin collection with and that you should never discuss it in a public place.
Valued Member
spg1's Avatar
Australia
363 Posts
 Posted 10/29/2011  10:38 pm  Show Profile   Bookmark this reply Add spg1 to your friends list Get a Link to this Reply

Since the moderators won't delete my post, I have now moved everything, and funnily enough, the key is now locked away with a gun stored in an armory.
Valued Member
dibby33's Avatar
Australia
465 Posts
 Posted 10/30/2011  06:13 am  Show Profile   Bookmark this reply Add dibby33 to your friends list Get a Link to this Reply
The secret about coin club is that nobody talks about coin club. I get my coins from e-bay delivered to my work address. Also I am going to buy a safe. The coins that I have are not valuable (less than $150 is my most expensive), but I have spent a lot of time and effort into finding them and I do not want to have to repeat that!
I have some good hiding places for now though :-)
Valued Member
dcoin's Avatar
Australia
191 Posts
 Posted 10/30/2011  07:06 am  Show Profile   Bookmark this reply Add dcoin to your friends list Get a Link to this Reply
I keep all of my coins in a safe storage box in the CBD in a vault, I do have some coins at home (like my 50c and 20c collection, which are probably just worth face value, but I like to collect them none the less). Do the maths and you will find that it's ALOT cheaper than trying to get insurance. I would agree with others that knowledge is your best defence, if no one knows you have a coin safe, no one will probably ever try to break into it.
Valued Member
Australia
56 Posts
 Posted 10/30/2011  7:56 pm  Show Profile   Bookmark this reply Add LukeDARLING to your friends list Get a Link to this Reply
To avoid the risk of a burglary (a break in) and some crook pinching your coins consider the following;

- Making the house look lived in (electricity timers, telly on when you aren't at home, lights on in bedrooms, radios up loud etc)

- Get a good/big guard dog

- Put your alarm pad in a place that can't be seen. Most people have it at the front door and near windows where crooks can peek in and see the light on for when it is armed and not armed

- Rather than putting all of your coins into a safe I'd argue to spread your collection around the place. If you keep everything in a single safe, I know what I'd be doing if I found that safe and I was a crook

- Think about hiding stuff in your roof. The common burglary happens quickly - in and out in five minutes looking in the common places for jewellary, cash and electrical (peeking inside drawers, cupboards etc). It takes a bit of time to get into a roof... but don't leave a ladder nearby

- Keep up to date records and values of your coins. The common burglar will be pawning your stuff at a second hand dealer or selling your items on the streets. Make sure you can prove what items are yours if they turn up in a shop window - keep reciepts and take photos of your coins. Make sure your records are nowhere near your collection

- Be nice to your neighbours. They are the ones who will be calling Police when something looks out of the ordinary. Introduce them to your family and friends when the time is right so they know who should and shouldn't be at your house

- Don't leave price tags on your coins

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MobOfRoos's Avatar
Australia
762 Posts
 Posted 10/31/2011  06:13 am  Show Profile   Bookmark this reply Add MobOfRoos to your friends list Get a Link to this Reply
There is some good advice on this thread.

I must say that I have thought about spreading my collection around the place but in the end have settled on a fire proof safe. The main reason being that if there was a house fire then there is every chance that I would lose the lot (or at least have it badly degraded).

I saw a badly damaged Centenary Florin on ebay recently which had obviously been in a fire.
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