How Do You All Insure Your Coin Collection?

Many here use insurance companies for their coins, guns, knives, etc. I don't use any. The reason is way back an insurance agent was someone you knew and trusted. They were ususlly a freind of the family of just someone you knew well. Today all your info goes into a computer system and usually by an agent in an office that doesn't know you at all. Thousands of people come and go in these agencies and organizations and most of your personal info is available to the ones that come and go. I really found this out when I went to a State Farm agency near mee and not the one I usually go through. I asked about one of my policies on one of my cars. A receptionist brought up my info on her monitor tied into the system and there was everything about me, my house, my cars, how many cars, age of my house, my name, age, address, phone number and on and on and on. THINK about that. If a receptionist can look up everything about you, including your coins, imagine how that info can wander.
My insurance is keeping my mouth shut.
Naturally still have the house and cars insured though.

....... I certainly was !.......You beat me to it !

I added some to my policy for coins, guns, and other stuff, but strictly speaking of coins.....Few of them are ever at home. They're always down in Safety Deposit Boxes at the bank........that's pretty safe.

There are several thousand Wheaties (actually around 5 thous. now ! ) , a few too large to fit "Legacy Sets", and a few albums I'm currently working on at home, but I would never keep highly valuable coins in my house for any length of time.

Safety Dep. Boxes solve all of my problems ........ except convenience.

I have a safety deposit box at a bank here in Canada for my most valuable coins. They only problem I have is the box is full and it's next to impossible to get a safety box here in any decent amount of time due to the demand on them. Some banks have a waiting list with people waiting over 2 years for a safety box to become available. I was lucky when I got mine because it was a new branch that opened up so I got my name on a reserve list.

If you are an ANA member, Hugh Wood Inc has group-rate insurance available at multiple levels that is much cheaper and less onerous than using homeowner's insurance. Many homeowner's policies treat coins as face value cash if you do not have a hideously expensive rider or require you to photograph every insured coin and pay for a professional appraisal to set the value.



It all depends on the bank you use and the size of box you get but anywhere from less than $100/year to multi-hundreds of dollars per year.

$25.00 bucks a year for smaller ones.
And the biggest size "my" bank has is about $85.00 a year.
The big ones hold A LOT of stuff !
The "cost" is weighed, of course, with the price of a good safe....."climate controlled issues"......"fire"....."flood"......"theft"....."home invasion".... and "convenience"......and the latter is the only issue for me.

edit.....
I said "a month"......NO NO NO ! .... I meant " A YEAR" ! ..

Springfield 1911. Rates are cheap.

I suppose safe deposit box rates vary from place to place. I suspect most of you live in metropolitan areas. I live in a very rural area. My credit union charges me $10 a year for a small safe deposit box. I keep a few individual coins and coin tubes in it, but my albums are here at my house.

For security, I have four dogs and a large collection of firearms.