Safe or safety deposit box??

I was kicking around the idea of where and how to store coin,paper money, etc. I really like the idea of getting a safe. Its easier to access your stuff then having to go to the bank. I really dont like that fact of having stuff laying out all over the place. Not to mention if the house ever burned down a safe might protect a little better than plastic . Is there a monthly fee for safety deposit boxes? I know safes arnt cheap either, especially if you want one thats 4 feet tall. What do you guys think ?????

 

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No matter where it is, a safe can be stolen, it may take you being on vacaton to do it, but it can....also, even fire proof/fire resistant safes hold a heck of a lot of heat and can do things to the stuff inside of them...

saw that happen in a USPS safe that held social secuirty checks....everything was crunchy, seared, lost cause

BUT a good fire resistant safe that holds 14-16 long rifles can set you back a modest 500 or so if you shop around and it can hold a LOT of coins.

I like the easy access that coems with a safe despite the fire and theft risk. plus, if you are thinking long term, a safe will end up being cheaper than monthly/yearly fees for a safe deposit box

 

Another thing about a safe - In a home invasion the bad guys may threaten to kill you if you don't open the safe for them. So you open the safe to save your life (no guarantee they won't still kill you) and your coins are gone. You don't have that problem if your coins are in a bank safe deposit box.

 

Check with your bank,most safety deposit boxes do not cover coins if they are broken into or robbed.When you rent a box,this info is usually on the bottom of the contract in small print.

 

you sound like my dad. He told me no to getting a safe and said there will be no confrontation PERIOD.

 

I have a gun safe where I store my coins. Its bolted to the floor is is "fire proof." Although...if the house burned down I doubt it would do me much good. I don't like the idea of a safe deposit box for coins because you have to go the bank and thats a pain.

Safe deposit boxes typically have a yearly fee. Just as an example, at my bank...at my bank, our smallest box is 2x5in (and probably 30in deep) and those are $25 per year. the huge 10x10in boxes (which are equally as deep) run $125 per year, there are several sizes in between. We also have discounts for seniors...I think its 50%. Anyway, that should give you an idea how much the boxes run. They really aren't too spendy.

 

Well if some did break in its all good. I bet the 120 pound female German shepard at the door might stop them, not to mention this little baby. I have three spread around the house. I like the fact that there are NO safeties on these. so basically there are three things your going to get if you come into my house uninvited. Me with a baseball bat, the dog, or this nice Smith and Wesson

Oh and these just came in the mail. I LOVE getting mail:hail:

 

I have somethign in common with that lil pup of yours......a bloody rare porter house will make me melt and keep me distracted....


the S&W, that is an able deterrant for many thieves..

 

I think a very well hidden safe is the key. You gotta get creative. A fake wall in a walk in closet, a hollowed out washing machine, I don't know, i'm just throwing out ideas here,.... Saftey deposit box seems much safer

 

dont make the mistake of keeping any coins at home you are risking your entire family by doing that

 

I have a small safe bolted to the floor.

One question: Do you store the US mint packaging in the safe? I wish I could but the safe is too small.
Take the First Spouse coins, there is no way I could store those huge boxes in the safe so I take the coin out of the box.

Does anyone else do that?

 

I have a lot of stuff, all sorted out, and deposited in various safe deposit boxes in different banks. It is the main reason I have my website, so I can look at my stuff virtually if not really. Keeping coins in the house is asking to be robbed, burglarised etc. or even sent to the maker before your time.

 

finally soeone gets it

 

Of course, thats like saying keeping jewelry, tv's, stereo eqipment, china, or anything else in your house is asking to get robbed as well. I think as collectors we have to be prudent about who we share the knowledge of our collecting with. Chances are, most theives aren't going to be educated enough to pick over your coin collections before they take your electronics and jewelry.
Guy~

 

Sometimes I think if someone is foolish enough to steal my 27" Sylvania television, they need to be committed to an institutional facility, not a jail.

 

Hey scotish. i never heard back from you about that pm i sent ya...????

 

Buy the biggest safe you can afford. MOST of the time when a house gets broken into the burglars do not have guns and they are looking for the quickest things to take and will not take the time needed to try to pull a BIG safe out (a samll one they might). If you are going to buy a safe buy a 59 in. gun safe and bolt it down to the floor. If you have a Lowe's in your area a 59 in. gun safe runs $400.00 + tax, and the smaller ones run around $240.00. Wal-Mart also carries a small one for about $160 to $240. Two thing to think about: 1. a safe will pay for itself in about 17 years (if your buying a $400.00 safe) vs a safety deposit box that you will ever own and 2. if you have a lot of coins you will need more then one safety deposit box the same with a small safe.

 

Well ths safe I think Im going to do, but what is the fire rating on the safes at lowes. I know as of now I can put a safe in this house ( well i guess I could, but) we are renting this house. Ill be buying a townhouse in fall so....I dont want to have to move it twice, but lets just say your house catches on fire. Arnt the more fire retardent safes more expensive???? And do safes comes with shelves, or is it just one big black whole.???

 

I've got a safe. I like the idea of being able to look at my coins when I have the urge without having to go down to the bank. I live in a small town in the inland northwest where the crime rate is pretty low. I've got 3 dogs and a .38 colt, plus my neighbor is a cop so their is a police cruiser parked next door unless he's working. The odds of a home invasion just about anywhere you live are quite slim IMO.

 

Like most safes you buy at Lowe's or Wal-Mart the fire rating is about 1100 to 1200 degrees for an hour. The gun safe at Lowe's has 4 to 5 different shelving configurations with a small lock box in the top left hand corner and two floor compartment. If you would like a higher fire rating you will need to go to a locksmith or a security company and yes you will pay more.