Another Gut Wrenching Story

http://abclocal.go.com/wpvi/story?section=news/local&id=6535140&rss=rss-wpvi-article-6535140


Let's hope for the best for this guy.

 

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Oops! I didn't even see the thread before this

Sorry about the repost.

 

That's sad . I hope they catch the low life ------ ------- who did this , hope they find his coins . This opens that question , where's the best place to store your coins .
rzage

 

A safety deposit box just doesnt do it for me. I like to handle and look at my coins too much to lock them away for good. A gunsafe mounted to the floor, and good home security work in my mind.

 

My comments:

1. All that money in one place
2. All that money in the house instead of the bank - or series of banks.
3. All the neighbours saw a car in the driveway and people coming and going and did nothing.
4. All those $1000+ coins and cannot shell out the insurance for them?

 

Is it really quite expensive to insure coins kept at home? If we could use say $100,000 as a value , about what would the yearly premium be? Do you have to have a third party place a value on the coins? Is there a deductable? I just thinking if he had a collection that was really worth this, I'm surprised he couldn't afford insurance.

 

Maybe with that big safe of his he didn't think he needed insurance , but if I had $100,000 worth of coins some would be at my house in the safe and some would be at the bank .
rzage

 

I agree. I hate the idea of a safe deposit box. I have coins because I enjoy them. I don't want them somewhere where I can't see them when ever I want.

 

under your mattress next to your shotgun.

You need homeowners insurance if your have things of value...

Ruben

 

I didn't think homeowners insurence covered coins .
rzage:thumb:

 

Haven't you followed the story thread in GD - "in Marks big gun safe". I will up my rider for coins.

I hope they catch the people also.

 

Just ask your agent, they will insure a lot of things - you just have to pay the premiums.

 

That seems completely worth it.

 

I could not trust the bank with my coins more than I could my pug. I like to see and admire my coins not just know they are my possessions.
I just cant pull the money out to buy a safe. And that really sucks. And I hate it when people say if you if you can afford the coins you can afford a safe!
50 dollars here and 50 dollars there is not the same as purchasing a very expensive safe!

Sorry 'bout the rant....

 

They would be perfectly safe inside a safe deposit box...nobody would touch them in there. I worked at a bank, I can promise you that. Now, as far as not toning...I don't know about that. But, my big problem (like you) would be that I couldn't see them whenever I wanted too. I buy them because I like them...I don't want them where I can't get to them at any time.

 

Same here, I like to look at them. I will say though that when we are gone for anything over night I don't keep them at the house. Not that I think my coins are worth going to jail for, but most lowlife thieves wouldn't know much about coins to begin with. Not that many people know I collect coins to begin with unless my kids tell people.

 

and when you die the box is sealed. And its not a good place for the coins to be stored themselves.

Ruben

 

That depends on a lot of things. It can be sealed...if that's the case, the state will take it over and the contents be removed. They will be given to the next of kin assuming they can be located...and who knows how long that would take. If there is a will or a trust involved, it works out better.

 

You still need to insure the safety deposit box under your homeowners insurance. Alot of insurance policies cover up to $2k in collectibles without any added premium.