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Message:: [QUOTE="Treashunt, post: 246420, member: 6763"]The reason for banning currency is fairly simple.In the event of the death of the owner, the safe deposit box is opened with witnesses, including a representative of the state.  Any currency that is found in the box is automatically 'assumed' to be unreported income and you (or the estate) will be taxed on the unreported income.However, coin collections, rare coins, etc are deemed to be collectibles and not subject to the unreported income statute.BUT! (There is always a but).In the event that the owner dies, and the box is deemed abandoned property, then the contents are added up (at face value) exchanged for cash, and the face value is listed as an account in the individual's name.  But, you say, I put $300 in silver dollars there, I want my coins back.Tough, you get the face value back.   That, as they say, is the story, at least as it was when I was a branch manager for a bank, years ago.(P.S. I never got the opportunity to open a box, even though I was there for about ten years.)[/QUOTE]