Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Looking for a safe
>
Reply to Thread
Message:
<p>[QUOTE="Speedbump, post: 2525885, member: 75637"]There are any number of reasons to not trust the bank with physical items. They could liquidate the contents because payments for the box were not being made or some mistake happened resulting in the system thinking you forfeit the box and its contents. Maybe your free box period has expired and you didn't know, or your accounts no longer meet the requirements for a free box and your aren't notified. The box could be seized as part of a debt resolution that were were not aware of, either legitimate debt, a result of fraud, or an accounting mistakes. blah blah blah</p><p><br /></p><p>All are technically possible i guess, but not all that likely in reality. Safety deposit boxes are plenty safe for most things you have.</p><p><br /></p><p>A couple practical things to keep in mind however. A safe/vault at home will hold a lot more than the shoe box they give you at the bank. If you have a decent sized collection, a SDB will not fulfill your storage needs. Also, the bank closes. During off hours, weekends, and holidays, you will not have access to your stuff. Dont store things in SDB's that you enjoy looking at, or like sharing with family or fellow collectors.[/QUOTE]</p><p><br /></p>
[QUOTE="Speedbump, post: 2525885, member: 75637"]There are any number of reasons to not trust the bank with physical items. They could liquidate the contents because payments for the box were not being made or some mistake happened resulting in the system thinking you forfeit the box and its contents. Maybe your free box period has expired and you didn't know, or your accounts no longer meet the requirements for a free box and your aren't notified. The box could be seized as part of a debt resolution that were were not aware of, either legitimate debt, a result of fraud, or an accounting mistakes. blah blah blah All are technically possible i guess, but not all that likely in reality. Safety deposit boxes are plenty safe for most things you have. A couple practical things to keep in mind however. A safe/vault at home will hold a lot more than the shoe box they give you at the bank. If you have a decent sized collection, a SDB will not fulfill your storage needs. Also, the bank closes. During off hours, weekends, and holidays, you will not have access to your stuff. Dont store things in SDB's that you enjoy looking at, or like sharing with family or fellow collectors.[/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
>
Looking for a safe
>
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...