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Best Safe On A Budget?

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coinguybrian's Avatar
United States
5375 Posts
 Posted 06/17/2008  11:23 am Show Profile   Bookmark this topic Add coinguybrian to your friends list Get a Link to this Message Number of Subscribers
Seeing as I probably have $7500+ worth of coins laying around, and I don't really want them to grow legs and walk away, what's a good safe?

*** Moved to Main Coin Forum by Forum Dad ***
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coinguybrian's Avatar
United States
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 Posted 06/17/2008  11:23 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
this should be moved to the main coin forum, by the way. sorry
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GO's Avatar
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 Posted 06/17/2008  11:33 am  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Do you have the option of bolting it to the floor?

what's your budget?
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eaglefoot's Avatar
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 Posted 06/17/2008  11:35 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Well......my friend....."Safe's" walk away too.......or when the thief in question decides to hold a gun to your loved one's head and tells ya to open it ........YOU'RE GONNA OPEN IT !

I went through the same quandry last year and just decided to keep most of mine in two large safety deposit boxes down at my Bank........that way they're fireproof, dry, thief proof, etc. etc.......
I may still get a "gun safe" for guns and "temporary coins" though.....and for that, I'll be persuing sporting good stores. Look for the "fire rating" and get the best rating possible for your budget, if you choose this route.....because "fire" can ruin a numismatists dreams !......
Edited by eaglefoot
06/17/2008 11:37 am
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coinguybrian's Avatar
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 Posted 06/17/2008  11:36 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
I can go up to 200 for now, more later, but I'd prefer something cheaper than this. I do have the option of bolting it to the floor and that is what I indeed want to do. And I know there are always circumsmtances in which you can get a hard break but I want to prevent that as much as possible, so of course I would bolt it to the floor.
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GO's Avatar
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 Posted 06/17/2008  11:40 am  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
If it's under 200 it wouldn't really be big enough to warren bolting it to the floor as much as it would benefit from hiding it very well. A small one with thin metal could be easily opened with a determined thief with a hammer.

I'd get a small safe you can hide and put the most expensive of your collection in a safe deposit box.
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eaglefoot's Avatar
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 Posted 06/17/2008  11:41 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
I would start in the $800.00 - $1,200.00 range for a gun/coin safe myself.....
And most assuredly would I bolt it to the floor !
Just keep in mind that they're NOT fireproof or thief proof or water proof.......and floods, fires, and thievery is never something you can really expect or plan for.......they WILL affect a safe !!
There are small pistol safes that might house some of your collection. They are reasonable in that price range.
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Master Gardener's Avatar
United States
38 Posts
 Posted 06/17/2008  11:50 am  Show Profile   Bookmark this reply Add Master Gardener to your friends list Get a Link to this Reply
I wouldn't keep anything in a safe deposit box, in California the government has been working with the bankSTERS and stealing them. Also, when the federal reserve has lost control US Special Forces will be guarding the fed banks- you will NOT be allowed to open your box unless a Reichland Security Officer is there to view the contents. This plan is in place, and we are only one world event from the US "dollar" being dumped by the planet as worthless toilet paper- this will close our banks- much like what traitor FDR did.

Get creative with a safe, I have seen safes UNDER hot tubs, etc. NEVER, NEVER ever trust a banker slimeball to guard anything of yours, banks only steal from you.
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GO's Avatar
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 Posted 06/17/2008  11:57 am  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply


Wow. Is this speaking from personal experience?

ShadowCreator the only legal issue that can sometimes be an obstacle course when dealing with boxes is after you die. It varies from state to state but sometimes your will won't allow people access to the box.
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KurtS's Avatar
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 Posted 06/17/2008  12:28 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
"...US Special Forces will be guarding the fed banks"

Whether or not this is plausible, most people don't directly bank at the Fed.
I keep anything of value in a safe deposit, and I have detailed photos here for study.
If robbers want to get past my alarm and dog for junk coins, let'em.
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Parklane64's Avatar
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 Posted 06/17/2008  1:15 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list Get a Link to this Reply
What Master Gardener posted is not nearly as far-fetched as GO wishes it were.

I'm interested in this topic also. I just transferred around my accumulation, can't call it a collection, and I have over a thousand dollars worth of silver in a small pistol size safe.

Ruling out safe deposit boxes for the stuff you don't want the authorities to inventory and tax, what do you do for security?

Ah, and, does it work? Thieves can't force you to open a safe no one knows about, but put it's location with your important papers!
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trdhrdr007's Avatar
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2335 Posts
 Posted 06/17/2008  1:36 pm  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list Get a Link to this Reply

Quote:
I wouldn't keep anything in a safe deposit box, in California the government has been working with the bankSTERS and stealing them. Also, when the federal reserve has lost control US Special Forces will be guarding the fed banks- you will NOT be allowed to open your box unless a Reichland Security Officer is there to view the contents. This plan is in place, and we are only one world event from the US "dollar" being dumped by the planet as worthless toilet paper- this will close our banks- much like what traitor FDR did.

Get creative with a safe, I have seen safes UNDER hot tubs, etc. NEVER, NEVER ever trust a banker slimeball to guard anything of yours, banks only steal from you.


I love it when people start this line of thought. I mean really, if you believe this what makes you think that hiding something at home would be safe? Wouldn't the jack booted storm troopers be kicking in the doors of everyones home to take anything of value?

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CoinGeek's Avatar
United States
58 Posts
 Posted 06/17/2008  1:57 pm  Show Profile   Bookmark this reply Add CoinGeek to your friends list Get a Link to this Reply
Stack-on makes a decent upright, non-fire unit for about $250. Good for preventing the quick heist. Nothing can thwart the thief that is dedicated and has enough time. You pay alot for fire protection. Maybe weigh the cost of a special insurance rider against the coins.


Quote:
This plan is in place, and we are only one world event from the US "dollar" being dumped by the planet as worthless toilet paper- this will close our banks- much like what traitor FDR did.


Hey Mr.Positive Attitude, if it hits the fan that bad, no one will want your coins except for bullion anyway. Better start burying ingots in the woods of your compound.
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GO's Avatar
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 Posted 06/17/2008  2:14 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply

Quote:
Maybe weigh the cost of a special insurance rider against the coins.


If you do plan that check with your insurance company first. Some have very strict rules on types sizes of safes as well as you need to catalog Everything.

But the same thing applies. Take about your top 25% most expensive of you collection and lock it up...or in a safe deposit box
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PennehChaos's Avatar
United States
311 Posts
 Posted 06/17/2008  2:49 pm  Show Profile   Bookmark this reply Add PennehChaos to your friends list Get a Link to this Reply

Quote:

Stack-on makes a decent upright, non-fire unit for about $250. Good for preventing the quick heist. Nothing can thwart the thief that is dedicated and has enough time. You pay alot for fire protection. Maybe weigh the cost of a special insurance rider against the coins.


Depending on where you live, if you have the ability to actually set the safe into the ground (for example, the floor of an unfinished basement) it will go a long way towards protecting the contents from fire. Dig a hole a few inches deeper than the actual safe, insert safe, and build a cover out of metal lined with firebrick. Not practical for renters, or in some parts of the country, but pretty effective. Biggest issue is protecting the contents from humidity.

If you want to go the real low-budget route for this, and have the ability to obscure the location of the hole, a dead refrigerator or chest-style freezer works just as well. Not much in the way of physical security, but unless somebody knows that you have a big stash of coins SOMEWHERE and takes the time to really search every inch of the house, it's about as safe (heh, safe joke) as the average homeowner is going to get.
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rggoodie's Avatar
United States
23491 Posts
 Posted 06/17/2008  6:01 pm  Show Profile   Bookmark this reply Add rggoodie to your friends list Get a Link to this Reply
ShadowCreator
In answer to your safe question
i use a combination of Safes - a safe deposit at my bank.
a small safe and a 17 cubic foot fire rated safe.
I wrote about the 17 cubic foot safe on another post on this forum.
I purchased it off of Craigs list for $100

I paid $40 to have it transported and another $20 to obtain the key and combination from the manufacturer..
This still comes to less than the $200 you want to spend.


rggoodie
aka Richard
"catch em doing something right"
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