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<p>[QUOTE=&quot;calcol, post: 3623017, member: 77639&quot;]For most folks, a safety deposit box is still more secure than storing at home.&nbsp; &nbsp; A safe with UL listings against fire and forced entry is expensive.&nbsp;&nbsp; A pro burglar will still open it given an hour or two.&nbsp; If a robber puts a gun to your head, you&#039;ll open it real quick.</p><p><br /></p><p>It&#039;s best to get a box in a bank that&#039;s part of the Federal Reserve as opposed to a safe-deposit-box-only company.&nbsp; No, FDIC won&#039;t cover you but, Federal Reserve rules include certain security measures, and these banks aren&#039;t likely to declare bankruptcy.&nbsp; Regardless of what the agreement states, if the bank is negligent, you can probably get a judgment in court.&nbsp; There&#039;s good case history on this.&nbsp; But you better have documentation of contents, and it will take some time and be expensive.&nbsp; Insurance for certified coins kept in a SDB is cheap.</p><p><br /></p><p>BTW,&nbsp; the impressive vaults of banks are not water-tight.&nbsp; I mentioned this to my banker, and he was startled.&nbsp; But then he looked at vault door and realized it&#039;s true.&nbsp; Don&#039;t get a box in a basement vault or one near the floor.&nbsp; And yes, coin collectors have had coins in safe deposit boxes damaged by flooding.&nbsp; Slabs are not watertight!</p><p><br /></p><p>While on this topic, home fire safes aren&#039;t water tight either.&nbsp; So if your home catches fire, the safe may protect the coins from heat, but it won&#039;t help against the multi-thousand gallons of water the fire department will spray into the house.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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