Where do you keep your collection?

my stuff is located in 3 different safety deposit boxes and 3 different locations. like to keep it that way

 

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+1

And I have 1 person able to get to the safe deposit box, and they don't have a key. Also the bank lady knows me and so if anything was up she would tell me.

p.s. tell your wife I'll crack the safe if I can keep some of whats inside... haha lol jk

 

I live in a VERY sketchy area so I don't keep mine in my sentry lock box, because thats the first thing they are going to take, they know there are valuables! So because I only have about 6 oz of silver so far and some coins, i put them in a zipper pocket in one of my jackets in the closet. And it wont be mistakenly spent or anything because its me here.

 

I wish I could tell you, but I'm going to have to keep my secrets to myself!

 

for me i live in a dubull wide trailer i do have a safe that is welded in the floor but for the most of my things i got out in my study room
but also got some night vison mini cameras off ebay hooked up to a computer
so i can enjoy what i have but know that i will see if anything happens to help find them
plus the main display case is pluged in to the wall if any one grabs it they will light up the night LOL

 

For those who have a safety deposit box, is there anything special that one should do inside the box itself to protect from moisture, toning, etc...?

 

I don't do this, but I read once about a person who kept his in a frozen turkey in teh freezer. Basically thawed the turkey, put his gold/silver in a baggie (or two) and put them in the turkey, and refroze it. Obviously not something you'd want to do with coins you'd like to show off, but if you are one that doesn't trust banks and wants to keep PMs at home for barter/trade in a TEOTWAWKI situation, that could work

 

Well, I used to keep some my collection over at Osama's house but the dang place was busted into the other nite.......

 

lol.....omg

 

I too, had this initial concern. Once I had each coin in the collection photographed, I found this objection less meaningful. You can show it to several people at a time without the worry of mishandling. (Provided it is downloaded to your computer.) Your collection is available at anytime with all your notes intact and values kept current. (The photographs become part of my spreadsheet program as well.) The close up views always seem to amaze people. Since the total of viewers is limited to a select few, they understand why the collection is not on site. And if something ever did happen, it's fully documented for insurance purposes, even the less valuable pieces. Remember, banks don't insure contents.

 

I agree with others a sentry safe is not a great idea. When thieves come they always take safes. Those things are ok to protect documents from fire, but that is all.

For security, I keep my best stuff in a SD box, but have a gun safe at home. The combination to the gun safe is in a SD box, so that if I die my wife will be able to open it. Put the gun safe on the ground floor, and bolt it into the concrete and its pretty safe.

Others here are right though, most of these robberies are not strangers. Secrecy is always your best defense, especially if you live somewhere where you cannot put a gun safe in easily. To the OP, I would not let people know you have coins, and put them in a location where someone is not likely to find them, like inside the box springs of your bed, a secret hole in the top of your closet, etc. That, and never show anyone the spot or tell them about it. You never know, your good buddy or GF can always turn into a thief or get a bad drug habit they need to fund.

Chris

 

This is certainly true. On the other hand, feeling that you need to maintain secrecy at all times, and feeling that you can't trust even those closest to you, can be both a symptom and a cause of mental health issues.

 

....so, are you saying you think I have a mental illness?

I keep the combo safe for her own safety, (there are guns in there as well), I will gladly loan my car or $1000 to a friend, but I just think dangling gold, diamonds, and silver in a easy to carry and pawn form in front of others not a bright thing to do. If they do not know how to access such cash, then they aren't tempted. To me, its like the old saying, "strong fences make good neighbors".

 

Well, you did say you're a coin collector.

I guess my take is that, if my wife or my best friend went off the deep end to the point of stealing, my coin collection would be the very least of my worries -- frankly, I trust my wife more than myself with regard to financial behavior, and I trust myself pretty thoroughly. I recognize that lots of people aren't as lucky as I am when it comes to family stability.

Then again, by way of calibration, I'm not talking about a new house (or even a new car) worth of coins. There's more in the joint bank account than in the SDB.

 

lol .

 

Here is why you should always bolt your slab to the concrete. The safecracking starts at about 2:30.[video=youtube;nBhOjWHbD6M]http://www.youtube.com/watch?v=nBhOjWHbD6M[/video]

 

I have tons of silver/gold and store them up in the attic...well-hidden. I live in a home, but wondered what the best storage I can buy to prevent fire?

 

A cabinet built out of blocks of dry ice.

Now, storage to prevent fire damage...

 

Best you could do is a gun safe in the basement, bolted to the floor. It will prevent against a lot of fire damage, and be safer than most other alternatives.

If you really have a ton of gold and silver, you really should put them in a SD box at the local bank. It is much safer there.

This whole thread is a good example of the downside to investing in physical PM. My stocks and bonds I don't have to worry about physical security, its only my PM and guns I have to take these steps with. This says a lot about how its better to keep your real money in those types of instruments, since I can never be physically robbed of them, only robbed by the market.

 

The Sentry 1100 can be opened with a fingernail. I bought two back in the 1990s, and another recently, and took them all back because of the shoddy lock. I know it can be carried away, so it's not that secure except for fires, but I want it to at least be unopenable be someone without locksmith tools.

I suggest avoiding Sentry lockboxes. The Honeywell model of the same size has a better lock for about $35.