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Where Do You Store Your Coin Collection?

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Bedrock of the Community
United States
20753 Posts
 Posted 02/14/2009  7:39 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I lied before about the trunk of my car. I really put all my coins in safe deposit boxes in a bank and then I put the bank in a hole in my jard next to my car. Covered it all with PVC.
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yotie's Avatar
United States
3077 Posts
 Posted 02/14/2009  7:54 pm  Show Profile   Bookmark this reply Add yotie to your friends list Get a Link to this Reply
wish I had an astro turf yard like you carl
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BadThad's Avatar
United States
19964 Posts
 Posted 02/15/2009  12:13 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
No right answer for me in the choice, lol. All the valuable stuff is kept in a safe deposit box. I have a 10x10 unit that's only $120/year....money well spent IMO. I don't like keeping those coins at home, not only for fear of theft, but fear of fire or natural disaster.
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Brewzz's Avatar
United States
199 Posts
 Posted 02/15/2009  12:35 pm  Show Profile   Bookmark this reply Add Brewzz to your friends list Get a Link to this Reply
My .357 mag is a short reach away from my coins.....
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xshift's Avatar
United States
2669 Posts
 Posted 02/15/2009  10:34 pm  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply
yotie and just carl... y'all are bad...
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sfwusc's Avatar
United States
615 Posts
 Posted 02/15/2009  11:54 pm  Show Profile   Bookmark this reply Add sfwusc to your friends list Get a Link to this Reply
I like the .357 mag answer myself. I am not a big fan of that caliber, but I wouldn't want to get shot by it either. :)

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LondonCoin's Avatar
Canada
149 Posts
 Posted 02/16/2009  02:00 am  Show Profile   Bookmark this reply Add LondonCoin to your friends list Get a Link to this Reply
There is coins everywhere you look inside my house.. but the expensive ones are in a hidden safe.

Is it me, or does it seem like there to much moisture in your safes?

Tomasz
Bedrock of the Community
United States
20753 Posts
 Posted 02/16/2009  08:58 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

There is coins everywhere you look inside my house.. but the expensive ones are in a hidden safe.

Is it me, or does it seem like there to much moisture in your safes?

Tomasz

Of course there is excessive moisture in your safe. AND it's your own fault. Every time you open it and stand there drooling all over the place about your coins, that drool is moisture you know.
Now here is some suggestions.
1. Purchase a dehumidifier and place facing your safe.
2. Turn on the dehumidifier
3. Leave the safe door open
4. Take all your coins and put into a banks safe deposit box.
5. Note no more humidity in your safe, coins are safe, electric bill just went up, your purchase of that equipment helped the economy.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 02/16/2009  12:55 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Brewzz.....

Quote:
My .357 mag is a short reach away from my coins.....

How about when you're at work ?
Gone for the weekend ?
Is the gun and ammo where the thieves themselves can get to it and use it ?

And for those with safes....
If holding a gun to your wifes head or your child's head during a home invasion, (you know the kind where they WANT you to be home) and they ask you nicely to "open up the safe"......WHAT WOULD YA DO ?
Most common answer is......You'd open up the safe. You and your families lives are not worth less than a pile of coins. The biggest most expensive home safe in the world would be opened by you in about 4 seconds I would expect.
I'd open mine if they threatened to SHOOT MY DOG ! (if I had a dog that is)...)....let alone me or my loved ones !

Of course.....being a "Country Boy".....I'd hope that my "defences" were appropriate before they got inside.....but, who expects, say..... 3 guys knocking on your door on a bright sunny Sunday afternoon in broad daylight ?....right after you finish mowing the lawn and the garage door still up ?.As soon as you or your wife open the door.....there's a gun in your face....then your family.....well.....nevermind.......there's so many scenarios it's ridiculous to ponder them all.
But the funny thing about "Home Invasions".........THERE UNEXPECTED !
Edited by eaglefoot
02/16/2009 1:03 pm
Valued Member
Figman's Avatar
United States
245 Posts
 Posted 02/16/2009  1:07 pm  Show Profile   Bookmark this reply Add Figman to your friends list Get a Link to this Reply
1st line of defense , I live is a gated community and have video surveillance in and around my home.

2n line of defense, I have dogs and two of my neighbors are cops.

3rd line of defense, I have a safe

4th line of defense, I'm heavily armed most of the time
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jbuck's Avatar
United States
189222 Posts
 Posted 02/16/2009  6:07 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
And for those with safes....
If holding a gun to your wifes head or your child's head during a home invasion, (you know the kind where they WANT you to be home) and they ask you nicely to "open up the safe"......WHAT WOULD YA DO ?
Devil's Advocate here...

I have seen you make this comment in the past and I thought of this a while ago: What if they request that you go to the bank and empty out your deposit box? You would still do that, right?

A well hidden safe and a deposit box are both only going to be known to someone that has researched their victim. They cannot just assume you have one; they must know you have one. So, neither the SDB or safe have the advantage in this situation.

IMHO, BadThad made the best argument for the SDB over a home safe: fire or natural disaster.
Edited by jbuck
02/16/2009 6:09 pm
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dreamstones's Avatar
United States
292 Posts
 Posted 02/17/2009  09:17 am  Show Profile   Bookmark this reply Add dreamstones to your friends list Get a Link to this Reply
Mine are stashed behind the wife's romance novels...good luck getting to em...like trying to take a bone from a pitbull!

P.S. Don't tell the wife I said that or you may never hear from me again!
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eaglefoot's Avatar
United States
6326 Posts
 Posted 02/17/2009  11:27 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Yeah JB....I've repeated this comment before that actually another member made.....and it made me change "my" mind about safes being the safest place to keep a collection.
It was Metalman at the time who suggested too, that thieves could just demand that you take them to the bank...(or have you go there and do it)....And I have ALWAYS said too.....that it is also "Fire proof" and "Flood Proof" and "Tornado proof" and better "climate controlled" (or at least better than at home) .....as my "additional reasons" for Security Deposit Boxes.
But as for Metalman's theory (and yours too apparently) about thieves requesting you to go to the bank while your family stays behind in danger, well......here's my thoughts.
The likelihood of them doing such a well thought out and time consuming caper like that IS MUCH MUCH MUCH LESS THAN SOME RANDOM HOME INVASION OR MIDNIGHT BREAK-IN, WHERE THEY HAPPEN TO SEE A NICE LOOKING SAFE IN YOUR HOME AND ASK TO SEE WHATCHA GOT IN THERE ! That's just a fact.
And as far as word getting out over a period of years about your "nice coin collection at home", and that fact spreading to the wrong person or people.....THAT'S gonna happen to all of us eventually. (not necessarily the crime, but certainly the number of people knowing about it will increase)
I see the odds at .003% out of 765,000 that they would hold your family for ransom while you go fetch your coins from the bank.....giving time for swat teams, police, etc. to respond, surround....take action......the more time a thief takes.......he knows the more likely he'll get caught.....thieves want "EASY" crimes that they can get in ....get out.....and get away with. And so, I don't believe "The Miracle Caper" would be very likely to happen or even thought of by most felons who want to grab what they can in your home and leave.......credit cards....atm cards...cash.....jewelry...coins.....easy to get stuff.
They might even make you take them to a drive up ATM and get the cash and pin number.....but holding your family for ransom because they're aware of a few thousand dollars in coins at your bank.......just not too likely when compared STATISTICALLY to what happens.
At least in my opinion.......
Cause if they send me to the bank......I'll come back with a SWAT team and Navy Seals and few Green Berets and a couple of Delta Force guys !........
And if one of the thieves comes along for the ride.......he won't finish the trip very healthy......trust me.
I guess, for me it's just the actual "Odds" and "Likelihood" and "Statistics" in my own community. Home invasions do happen all the time here where I live.......but few to NONE where they have well thought out "capers" and pull off something ingenious and more risky than necessary.
Edited by eaglefoot
02/17/2009 11:57 am
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jbuck's Avatar
United States
189222 Posts
 Posted 02/17/2009  11:58 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
IS MUCH MUCH MUCH LESS THAN SOME RANDOM HOME INVASION OR MIDNIGHT BREAK-IN, WHERE THEY HAPPEN TO SEE A NICE LOOKING SAFE IN YOUR HOME AND ASK TO SEE WHATCHA GOT IN THERE !
My point is that anyone that chooses to use a safe should not have it out in the open where the random home invader or midnight "smash and grab" burglar will see it. If the safe is "out of sight, out of mind" then it is just as impervious to home invasion as the SDB.


Quote:
And I have ALWAYS said too.....that it is also "Fire proof" and "Flood Proof" and "Tornado proof" and better "climate controlled" (or at least better than at home) .....as my "additional reasons" for Security Deposit Boxes.
Yes you have, but I was keeping it in the context of this current thread where BadThad made the comment, not you!

Regardless, I agree. The only downside I can think of is accessibility.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 02/17/2009  12:31 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
I really should get more sleep at night !......
Can anyone recommend a good prescription ?.......


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