Time and time again home safes are proven to not be a safe place to store coins and other valuables.
In the case below from Arkansas a guy thought his coins, bullion, cash, jewelery and other valuables (total value = $250,000) were safe in his two home safes. But someone knew about the safes and that they contained valuables. Last August thieves broke into the residence, removed the safes and cut them open. The thieves were later arrested and some of the stolen property was recovered. The victim is now suing the thieves for his losses and punitive damages.
Lawsuits filed against robbery suspects Quote:
BENTONVILLE - (The victim) is suing the suspects that are accused of stealing a silver bar and other collectibles from him.
. . .
(The victim) reported to Bentonville police two safes were removed from a closet in his apartment. He reported to police that the safes contained $9,000 in cash; a silver bar stamped Royal Canadian Mint valued at $20,000; five gold eagle coins valued at $1,000 each; 10 gold coins known as a type set, with an estimated value of $10,000; (silver coins worth $10,000 and a rare book worth $5,000).
. . .
(One thief) claimed they sold the silver bar for $30 to a person in Fayetteville because they thought it was a lead bar, the affidavit states. (The thief) claimed they needed $30 for gasoline, according to the affidavit.
. . .
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A few coins (one valued at $5,000) and the silver bar were recovered.
It's bad enough to have your stuff stolen. It makes it worse to find out that the thieves sold some of it for 0.15% of its actual value. You just know that, even if your coins are recovered, the thieves are not taking good care of them.
No word on whether any of the items were insured or if the victim has since rented a safe deposit box.
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