| Author |
 Replies: 11 / Views: 1,318 |
|
|
New Member
United States
1 Posts |
I'm just wondering where everybody stores their coins. Shoeboxes, safes, etc. And if safes, what brand and type is recommended for coins? Thank you.
Jer
|
|
|
|
Pillar of the Community
United States
651 Posts |
my bank safe deposit box
Edited by Ken_3567
02/17/2007 8:03 pm
|
|
Valued Member
United States
455 Posts |
I use one of those Craftsman tool boxes that lock, you see them in Sears. They come in black or red, I got a black one. It was on sale for $120 I think. It keeps them safe and secure as far as I'm concerned. When I run out of space I'll get another one, they're stackable. My real security is of the canine variety.
|
|
Rest in Peace
United States
2684 Posts |
Jeremy, welcome to the forum! Lots of friendly folk here loaded with all sorts of expertise. Storage solutions depends on a lot of variables including value of the collection, numbers of coins/tokens/medals/currency to be stored, local climate conditions, accessibility, and level of security needed. I keep my most valuable coins in a small portable (heavy - 40 lbs) Sentry fireproof vault (sorta suitcase shaped) available at Walmart. The remainder are in a couple cardboard boxes (labeled "books"). I keep them in my home which is a travel trailer (I'm a fulltime RVer) and mostly travel and live in low risk areas, so security is less a concern than fire and accidents. I travel and stay extensively in the arid sections of the US (southwest), so humidity and corrosive air pollution isn't going to affect the coins and with some exceptions (well-circulated US, Canadian, non-US and other 20th century coins), all coins are in mylar flips, encapsulations, albums, or some other protective container rather than bouncing around loose in the boxes. I like to "work" my collection, so I'm not inclined to place the most valuable coins in a safe deposit box although if I had some really, really valuable coins (say, worth $10K or more each), then I would reconsider. Like many others, I have hired the personal security firm of Smith, Wesson, and Colt. More importantly, I do not go around mentioning my collection to those whose trails I cross: word of mouth is probably the greatest concern for any collector whether he or she lives in a fixed location or not. Fred |
|
Moderator
 United States
23522 Posts |
quote:
Like many others, I have hired the personal security firm of Smith, Wesson, and Colt.
 |
|
Pillar of the Community
United States
882 Posts |
Yeah, my hollow points for my Beretta are a pretty big deterrent.
Ty
|
|
Rest in Peace
United States
2684 Posts |
quote:
Failed to mention my auxiliary security team of Ruger and Springfield.  My apologies to these fine companies who have provided worldwide service. |
|
Pillar of the Community
United States
7123 Posts |
quote:
Yeah, my hollow points for my Beretta are a pretty big deterrent
quote:
Like many others, I have hired the personal security firm of Smith, Wesson, and Colt
I agree that this type of protection is a great deterent to Robbery if employed properly,, but How does this help prevent Burglary? in most cases this type of Robbery prevention will leave the house with the burglar along with your coins . Unless you carry 24 hrs a day !! and then at least you will still have at least one weapon left after a burglary. Your coins need to be secured in some manner that make it an unpleasant target, either in a safe that is hard to move ,or some other area,device that is or will take an inordinate amount of time to remove. Metalman |
|
Rest in Peace
United States
2684 Posts |
quote:
Your coins need to be secured in some manner that make it an unpleasant target, either in a safe that is hard to move ,or some other area,device that is or will take an inordinate amount of time to remove.
Did I also fail to mention the bouncing betties I have planted around my home? I give potential intruders fair warning with the "Achtung! Minen!" signs around my perimeter.  Seriously, (well, as serious as I can get on a long weekend), I feel the best deterrent is to not advertise one is a target by not spreading the word around that one collects coins, especially rare coins. Of course, anyone who lives anyplace is a potential victim for a burglary. Back when I was living in a fixed location, I didn't go around bragging about my collection and kept my coins in unlikely looking containers (camouflage, deception) - old dog-eared cardboard boxes labeled various things like "books", "old files", and "photos" (which approximated the weight of coins) and kept books, old files, and photo albums on top such that if someone were to open the boxes, that would be exactly what he first saw. I do the same thing on the road although as mentioned earlier, my greatest risk is fire and accident. Not perfect, but also not tested. I agree a home safe would likely be the best protection in a fixed home, but if it becomes known that a valuable coin collection is held within, a well-prepared burglar would either swipe the whole thing or know how to crack it. Goes to probabilities: if one has a collection valued, say in six-digits and the word gets out that s/he has it at home, s/he will be a target in which instance there will be little an absent resident can do. Most burglars, however are opportunistic and will take whatever is easiest with the highest probability of being able to convert the goods to cash. Every collector needs to make his/her own risk assessment and take action. Clearly, leaving a valuable collection in open display or in an obvious location (e.g., desk drawer, den cabinets, file cabinets, special coin cabinets) makes it easier for burglars or other thieves. |
|
Moderator
United States
23528 Posts |
Other than bank vaults
There are a number of safes on the market including gun safes.
But like coins these can be expensive.
If you are going to "invest" in coins - please invest in:
1- good coin books
2- a secure place to store them.
rggoodie
aka Richard
"catch em doing something right"
|
|
Moderator
United States
23522 Posts |
All seriousness aside, I subscribe to MorganFred's deception technique. There's no way any burglar will ever find my coins in the period of time he'll be comfortable staying in my house.
|
|
Valued Member
United States
455 Posts |
A lot of good tips in this thread. Steps we take to prevent are homes from being burgled are relevant whether we have a large collection, small collection, or no collection. I'll add that it makes good sense not to keep all of our coins in the same place, spread them around. Also, if a lot of your purchases are made through the mail it's wise to divert the flow of catalogues, periodicals, and deliveries to a PO box so we do not to end up on the wrong kind of list. And because I think it's worth repeating, protection of the barking kind is a great security measure, and great company.
|
| |
Replies: 11 / Views: 1,318 |
|
Posted 02/17/2007 8:09 pm
