Where To Keep The Coins

The first part of my storage solution is that no one outside of my wife even knows that I have any silver or gold coins.

I like keeping them at home and I feel comfortable having them close by. A great thief might find them but for the most part the normal thief is going to be looking for the traditional things like electronics, guns and jewelry since there is nothing to point out(this hold has gold & silver coins).

I have a safety deposit box but I only use it to store important papers. I never would trust a bank with the precious metals.

For a few reasons, first of all my PM is mostly for fun, I like looking at it. Second it is a safety net in case of a financial melt down. Third since it is not insured by the FDIC I carry enough insurance to cover it for a theft loss and keep it home.

In case of death the kids have fast access to it. It is possible that my safety deposit box could be sealed for some time if this was to happen.

Maybe trust is a little strong because short of a bomb, fire, flood, employee theft or the bank wrongfully closing the account there isn't much that can really happen to a safety deposit box. Those are all very long shots at best.

I am not in the club that worries about government confiscation of PM in a safety deposit box. I just like having access 24 x 7 something a bank can not offer.

If you were looking to put a safe into your house. Stop by a local Kmart Wall Mart pick up a box that would fit over your safe say a washer box or refrigerator box. they usually cut around the bottom and lift off. So find out your safe size and just ask to speak with a manager tell them your dropping off clothes at good will. They never say no. Bring the box to your safe company or request it sent in a washer or dryer box. I did this when I sold an old Acme safe the thing had to weigh a TON. It has steel casters on it that don't swivel just go straight. We had to use a pry bar under it to turn it. But I put a dryer box on it then rented one of those pallet jacks and moved this thing into a garage. A neighbor with peering eyes watched until the door was closed. We put the empty box back on pallet jack pulled it out like we pulled in cursing the whole time Darn thing don't fit. Put it back on truck and left. He says to this day the neighbor asks did he ever get the new dryer. LOL

I keep good digital images of most of my coins on my computer but 95% of my collection is in a bank SDB. I got a rider on my insurance policy to cover $3,000 in coins kept at home but I rarely have $3,000 in coins here.