The Importance Of A Safe Deposit Box.

makes me sick nothing I own is of high value but I would still be sick if it was stolen I can't imagine how he feels

I keep most of my coins in a SDB. Theft is only one concern. Fire and tornado are other possibilities.

Most insurance companies offer "riders" for coins kept in your home. I pay and extra $5/month for $3,000 coverage on my coins. Needless to say I don't keep over $3,000 in coins at home!

You can sense the dealer's agony in that item description, though thankfully, no one was injured physically. Nothing beats a safety deposit box. I agree with bherring1964, I don't think anyone should keep that amount of money/items of high value in their home.

I've been preaching SDB's on the forum for quite some time now.

And I always say......the ONLY drawback........ is convenience .....for me.
Home burglaries, home invasions, fire, floods, tornado's.......some of these things are RAMPANT in my city.....but it just never happens at a bank where my coins are safe & sound and in a climate controlled environment.

I hate Thieves !

Many ways if your into a little construction. If you live in a house there is always a place where you could add a fake area with a fake door. Just takes a little imagination. Always a fake drawer somewhere too like under a bed if properly suspended or hidded so not visable. Usually inside closets there is room to add a little phony wall just enough to hide some items. Basements are fantastic for hidden areas expecially near a stairwell area.
Remember a real safe is really not to smart. Being delivered they become a story in the area of how much you have to protect. Burlars that see them may have a gun and pointed to your head or a family member, makes that safe open so fast you would wonder why it's there. If at all visable every friend, neighbor, relative that sees it will spread the word of how rich you are.


Cute. Now I wonder who pays the salaries of that special branch of the government that has nothing to do but pry into safe deposit boxes. Imagine with virtually millions and millions of safe deposit boxes in all types of places, we would now require an entire government agency of millions and millions of people to just spy on our safe deposit boxes.
As to criminals that don't stay long, sure wish you'ld tell that to a neighor of mine that spent weeks in a hospital from a thief. Guess they didn't know what you do about time spent in robbery.

1. In a SDB you don't have to worry as about the dangers of a home invasion. If the banks are robbed, they usually want the cash, not a pile of possibly wills and marrage licenses.
2. In every bank I've got a safe deposit box, the entire bank is air conditioned. That includes the vaults. So the coins are safe from excessive humidity.
3. Most banks, not all, will let you place additional names on the registry so if you pass away, a relative could just go get the stuff with no problems.
4. If you only have one or a small SDB, just place the most valuable items in there. If non valuable items are lost for any reason, it is not as much a horrible experience.
5. If you place some items such as stock certificates, bonds, etc in a SDB and you are in the correct tax bracket, the cost of that box is tax deductable.
6. In most places that have those SDB's the alarm systems, fire detection systems, smoke detection systems, etc are far more effecient that what you may have at home.
7. Yes they are a pain in the ....... when you want to see something, but it's always better to be safe than sorry.

The dealer was a fool for not having coin insurance. Okay, he didn't deserve to be ripped off, but he took no precautions either.