Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Coin Security
>
Reply to Thread
Message:
<p>[QUOTE="Jim Dale, post: 4855381, member: 100459"]This came up a while back. Most coin collectors have safes, deposit boxes, guns, or dogs to keep up with their precious items. It concerns me that there is reference to a statement, "Bank bail outs REQUIRES banks to seize everything from safety deposit boxes." To clear that up, the only time a bank or other institution can seize assets in a safe deposit box, is if they are a guaranty of loans. Before anyone takes their assets out of your safety deposit boxes, check with your bank AND your attorney. The only time you want to use your coin collection as a guaranty is if you are in a dire need of funds to buy one of those coins that cost $100K or more. </p><p>I love the statement above about putting your faith in God, and trust in your Colt, Remington, Glock, and Beretta (mine is a Glock). I would say trust in your German Shepherd or Pit Bull, but recently, a neighbor came home and found his dog dead and his safe gone. Anyway, isn't there someone advertising insurance on coins?[/QUOTE]</p><p><br /></p>
[QUOTE="Jim Dale, post: 4855381, member: 100459"]This came up a while back. Most coin collectors have safes, deposit boxes, guns, or dogs to keep up with their precious items. It concerns me that there is reference to a statement, "Bank bail outs REQUIRES banks to seize everything from safety deposit boxes." To clear that up, the only time a bank or other institution can seize assets in a safe deposit box, is if they are a guaranty of loans. Before anyone takes their assets out of your safety deposit boxes, check with your bank AND your attorney. The only time you want to use your coin collection as a guaranty is if you are in a dire need of funds to buy one of those coins that cost $100K or more. I love the statement above about putting your faith in God, and trust in your Colt, Remington, Glock, and Beretta (mine is a Glock). I would say trust in your German Shepherd or Pit Bull, but recently, a neighbor came home and found his dog dead and his safe gone. Anyway, isn't there someone advertising insurance on coins?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Coin Security
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...