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 Replies: 7 / Views: 1,741 |
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Valued Member
United States
436 Posts |
I'm just starting out here, but am wondering what the value of my collection should be when it's time for a s.d.b.? Right now I estimate my bullion and coins to be around 1000-1500 dollars. Should I be getting one now? Also, how big are these things, and how many albums will they hold on top of a bunch of 2x2's? Any info on them will help, as I am totally ignorant on the subject, thanks!  |
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Pillar of the Community
United States
3098 Posts |
The one at my bank has an opening the size of a slab, but is almost 2ft long! That should be enough. As for the albums, I think you'll have to fold them up a bit  |
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Pillar of the Community
United States
2520 Posts |
I would suggest going to your bank and let them show you the sizes available and get pricing for the year. As to what value your collection needs to be to get one, that decision is up to you, and how secure you want your collection to be. I had one that I used to keep my completed sets in and my higher dollar stuff. I really hated not having the easy access to it.
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Pillar of the Community
United States
581 Posts |
If you have kids, anything higher end should be under lock and key. (or SDB)
Not because your children are not trustworthy, but sometimes their friend are not exactly on the straight and narrow.
A few years ago, I worked with a guy that, for years, put all his silver dollars and halves into 5 gallon water jugs.
needless to say he had thousands of them...until, one of his sons friends saw them.
They could never prove it completely.
How many times when you were a kid, did you search around the house for change for a comic book, baseball cards, or a soda pop.
It would be a shame if coins from your prize collection were used for something like that.
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Pillar of the Community
United States
507 Posts |
SDBs come in many sizes. The ones I'm familiar with are in multiples of 5 inches. For example, 5x5, 5x10, 10x10. They also make smaller ones that are 3x5 or 3x10. The size refers to the height and width of the front. They are all the same depth. I don't know the depth, but I'll guess 18".
I have a 5x10 box. It is large enough for two stacks of Dansco albums, with 3-5 in each stack. Then there is room in the front for loose coins. So there's definitely room for danscos, but not binders.
I used to pay $45/year at a large credit union. Now, I've moved and pay $75/year for the same size box at a small town bank. :( It's worth it to shop around.
Mine is getting pretty filled up. I'm thinking of removing some coins from albums, or consolidating albums. I'm to the point where if it's not necessary to have extra filler, like mint packaging, I'll put the coins in loose. Those 2x2s use a lot of space.
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Pillar of the Community
United States
2130 Posts |
My bank had to build an addition to add another vault for mine. |
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Bedrock of the Community
United States
20753 Posts |
Quote:
If you have kids, anything higher end should be under lock and key. (or SDB)
Not because your children are not trustworthy, but sometimes their friend are not exactly on the straight and narrow.
A few years ago, I worked with a guy that, for years, put all his silver dollars and halves into 5 gallon water jugs.
needless to say he had thousands of them...until, one of his sons friends saw them.
They could never prove it completely.
How many times when you were a kid, did you search around the house for change for a comic book, baseball cards, or a soda pop.
It would be a shame if coins from your prize collection were used for something like that.
This story is more true lately than most people realize. Home security is becoming a real big thing with the eonomy the way it is. Home invasions are really on the increase. AND it's not just kids either. If you have freinds that know you collect coins, the stories of what you have change and change as it is retold. There is a thing they do in Psych classes in college and even in many schools where you have people in a circle. You whisper a short story to one, it is retold to the next, etc. At the end someone tells the story and it is completely different. This is what happens when your friends tell about your coins. Your $100 collection becomes $1,000 and then $10,000 and up and up. Soon someone is breaking into your home for those millions. As already noted just go to any bank and ask for sizes of the boxes available. It's always better to be safe than sorry. |
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Bedrock of the Community
United States
19935 Posts |
If you have a coins rider on your home insurance, it's generally good for up to $10,000. State Farm doesn't require any documentation or anything for that level of coverage. That's what I have and it would cover anything I have at home at any given time. My best coins are all in an SDB, I consider what I have here at home as "junk". So, I would check with your insurance company. When you get over what they will cover, then you need to seriously consider an SDB and only keep "junk" at home.
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Replies: 7 / Views: 1,741 |
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Posted 08/19/2009 02:25 am
