So what WOULD happen if your house burnt down?

On my coin collection? No. I have like $30 worth of coins right now.

 

Log in or Sign up to hide this ad.

If no insurance, I would think anything not carried out or stored in a fire resistant container that can keep smoke out and heat down until the fire is extinguished will ge damaged or lost.

If you have insurance, then pay the deductible, make the claim, and hope the insurer will replace what was lost/damaged. Generally for collectible items, the insurer will want some kind of proof you owned the item (i.e. pictures or video of each item and the collection as a whole).

 

Why worry? Be happy.

 

With respect to the discussion of fireproof (really fire resistant) safes; my understanding was they weren't preferred for storing coins, silver, etc. Something about the chemicals used in the fireboard actually harming/toning coins while stored??? I want to say I remember that while some people had "fire proof" safes for their guns and important documents they also had a a seperate non fireproof safe for their coins. Idea was it would help protect them from theft while not degrading the coin collection. Any truth to this?

 

I do not think we can anticipate all disasters or preserve our precious coins and possessions from all catastrophe. I am going to take reasonable precautions and not worry about it.

 

My philosophy is that you just have to do the best you can without being OCD about it. Like I said earlier, there are far more important matters.

 

I agree. The word "reasonable" is key.

 

If my house burned down, I wouldn't have a house.

 

I'd come live with you with my husband and parrot until the home owners insurance paid off on my 1.3 million dollar home and its contents.

Of course, I do have sprinklers.

This is so droll.

 

Yes, thank you.

 

What would happen if Detecto found a job? A better and more pertinent question.

 

He has a job. He's a numismatist. :yes:

 

If I had a job, I would buy a Barber half dollar that looks better than the one in your avatar. Then I would point and laugh at yours and say "That's what happens when Detecto finds a job."

 

They are out there. Not to hard to find...if you can afford one.

 

So, we'll know you are doing something other than numismatics when your avatar changes to a really nice Barber quarter? :smile

 

What would happen if .... oh never mind.

 

1.3 Million Dollar home...yes, that is sooooo droll.

 

So, a nice two bedroom shack in Brooklyn?

 

I think Detecto has nailed it in his posts.
1 - I your home burned "down" (completely), then there's a 99.99% chance your coins are toast, other than melt value.
2 - A fire safe will not protect anything in a complete home burn down. Even if it maintained the contents at 350 an never went over that you'd
be left with globs of completely melted plastic entombing your coins, burned paper, and smoked up coins.... and that's the happy path, most likely it would be worse.
3 - most bank SDB's are in the big door safe, which carriers an ensain level of fire protection and may times is completely surrounded by concrete and steel.
4 - if a bank completely burned "down" there's a 99.99% chance your coins would have never gotten over 200 degrees and would be fine... maybe some dehydrated and crispy paper, but likely no melted plastic.
5 - Put your high dollar coins in a SDB !! .... keep your bullion (silver) and lower value coins at home to play with and enjoy the hobby.

cheers !!

 

What would happen? I live in a concrete condo with sprinklers, which would go off. More likely to have water damage, which safes don't always contain.