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Always Take Physical Possession Of Pm

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Pillar of the Community
Fat Freddy's Avatar
United States
1200 Posts
 Posted 04/03/2013  05:47 am  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
@miggs---The two news sources you cite are obscure, minor-league sources that are three years ago and are neither world class reportage nor current.

The California thing is legit but well-known. That's old news.

The article from NBC10 Philadelphia says "The decision, made on Wednesday, caps an unusual civil case that combined history, coin collecting and whether the
set of rare $20 "double eagles" should have ever let the U.S. Mint in 1933." Let the US Mint WHAT in 1933? These people didn't even bother to proof-read their
own work or put out well-written copy. Not Pulitzer material.

I've read both of those sources and I'm not weeping. There's no real news or anything that qualifies as current events in either.
Valued Member
miggs's Avatar
Canada
281 Posts
 Posted 04/03/2013  06:57 am  Show Profile   Bookmark this reply Add miggs to your friends list Get a Link to this Reply

Quote:
minor-league sources that are three years ago and are neither world class reportage nor current-


Excuse me for not citing Reuters or AP Freddy but
if the "California thing is legit", who cares who cited
this story? The point is about not leaving PM's in a safety
deposit box. 2 years ago, they did it, they got away with it
and they'll do it again. There's nothing "old news" about that.
Forget history and you're doomed to repeat it,remember that?
You're not weeping because it didn't happen to you but
I suspect those box holders in Cali who got ripped off are

Pillar of the Community
starbuxinvestor's Avatar
United Kingdom
616 Posts
 Posted 04/03/2013  08:47 am  Show Profile   Bookmark this reply Add starbuxinvestor to your friends list Get a Link to this Reply
Miggs if those articles cause you to worry about safety deposit boxes then don't use them. Had seen those articles before I put PMs in my SDB.
Edited by starbuxinvestor
04/03/2013 08:47 am
Valued Member
miggs's Avatar
Canada
281 Posts
 Posted 04/03/2013  1:29 pm  Show Profile   Bookmark this reply Add miggs to your friends list Get a Link to this Reply
I never did and never will
I don't trust banks
In a crisis or emergency, they're not going to let me just walk in
and take what's mine. I mostly own silver and there's only so much
you can put in there before you can't even lift it to get to your room lol.
But if you you feel comfortable with your PM's in there, then more power to you.
Pillar of the Community
United States
2168 Posts
 Posted 04/03/2013  2:04 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
I agree about safe deposit boxes. I know people that work at banks and money should not be placed in a safe deposit box anyway. The items in it do not have insurance either. If all goes bad banks will not let you in. If you die, no one can enter the box until everything settles. The only thing that can be removed are wills and life insurance polices. Food for thought. I have read many articles on the dangers of valuables in the safe deposit box. No argument everyone can do as they please, but truly check all out prior to placing valuables in one.
Bedrock of the Community
IndianGoldEagle's Avatar
United States
36844 Posts
 Posted 04/03/2013  2:49 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
I like to buy physical metals because there is no third party risk. Once you store your metal in a Safe Deposit Box you have lost the ability to control it. No problem getting to it when times are good but if things go south then what?
Pillar of the Community
United States
2168 Posts
 Posted 04/03/2013  3:30 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
I'm actually going to call my local dealer to check on prices for 'junk' silver. I have read that it is becoming hard to find as well as having higher premiums. I will take possession immediately as well!
Pillar of the Community
United States
2168 Posts
 Posted 04/03/2013  3:44 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
Well I called and their premium is a little higher on dimes and quarters but quite a bit higher on halves but still reasonable and available.
Bedrock of the Community
IndianGoldEagle's Avatar
United States
36844 Posts
 Posted 04/03/2013  8:10 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Halves usually sell for more than the dimes and quarters. A National dealer pays more for the halves also, usually 1 or 2x face higher than the smaller coins.
Pillar of the Community
United States
2168 Posts
 Posted 04/03/2013  11:26 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
Yes, I know but my local dealer until now charged 3% over spot for all. Now a little different. Has to do with less wear on the halves or so I've been told. At least they use .715 as the factor and not .723 as when struck.
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