Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
"Safe Deposit Boxes Aren’t Safe" (NY Times article)
>
Reply to Thread
Message:
<p>[QUOTE="geekpryde, post: 4011174, member: 36248"]When I was actively collecting, I kept the coins a home. Now that I am more a coin-lurker than a collector, I keep them in a large SDB, along with Large Desiccants AND Hugh Wood Insurance. In addition, they are all slabbed coins, and also inside hard plastic TPG grading boxes.</p><p><br /></p><p>I visit them every 3 months or so, as I have other documents and things in there, so there is usually a reason anyhow.</p><p><br /></p><p>Of course this is not 100% safe, but it's the best compromise on affordability, ease, long-term stability, and peace of mind, that I've come up with.</p><p><br /></p><p>I have specific, first hand knowledge of Banks and SDB keys. If you think they need your key to get open them, I am afraid to tell you it's not true. Your copy of the SDB key is not laying around, and normal employees can't just go shopping through the SDB, but it's still something worth knowing so you can make an informed decision. I have mentioned this story here on CT before.</p><p><br /></p><p>Also, I've had instances where the bank allowed the wrong person to sign into and out of my box, meaning, they didn't get the signature even remotely correct, obviously not the name, and not even the correct gender! Well, that customer didn't have my key, so they didn't get into my box, but the point being, these low level bank employees aren't really looking at all, and their position has high turnover. I know more about their procedures and keys then they do, and often have to help them to get into my box!</p><p><br /></p><p>So, if someone borrows your copy of the key (steals it from you), or a higher level person at the bank decides to steal/copy their copy of your key, and give it to a third party, well you are pretty much screwed. They waltz in with your key, sign in on your SDB card, and waltz out with your stuff. </p><p><br /></p><p>Of course, there is probably video of the person in the lobby, but since there is not video in most vaults, how do you prove they went into your box? How long does it take you to notice? Will the bank even help you work with the police? Or will they point to the fine print?</p><p><br /></p><p>Knowing all of this, I still keep my stuff at the bank, because it's still far better than my home.[/QUOTE]</p><p><br /></p>
[QUOTE="geekpryde, post: 4011174, member: 36248"]When I was actively collecting, I kept the coins a home. Now that I am more a coin-lurker than a collector, I keep them in a large SDB, along with Large Desiccants AND Hugh Wood Insurance. In addition, they are all slabbed coins, and also inside hard plastic TPG grading boxes. I visit them every 3 months or so, as I have other documents and things in there, so there is usually a reason anyhow. Of course this is not 100% safe, but it's the best compromise on affordability, ease, long-term stability, and peace of mind, that I've come up with. I have specific, first hand knowledge of Banks and SDB keys. If you think they need your key to get open them, I am afraid to tell you it's not true. Your copy of the SDB key is not laying around, and normal employees can't just go shopping through the SDB, but it's still something worth knowing so you can make an informed decision. I have mentioned this story here on CT before. Also, I've had instances where the bank allowed the wrong person to sign into and out of my box, meaning, they didn't get the signature even remotely correct, obviously not the name, and not even the correct gender! Well, that customer didn't have my key, so they didn't get into my box, but the point being, these low level bank employees aren't really looking at all, and their position has high turnover. I know more about their procedures and keys then they do, and often have to help them to get into my box! So, if someone borrows your copy of the key (steals it from you), or a higher level person at the bank decides to steal/copy their copy of your key, and give it to a third party, well you are pretty much screwed. They waltz in with your key, sign in on your SDB card, and waltz out with your stuff. Of course, there is probably video of the person in the lobby, but since there is not video in most vaults, how do you prove they went into your box? How long does it take you to notice? Will the bank even help you work with the police? Or will they point to the fine print? Knowing all of this, I still keep my stuff at the bank, because it's still far better than my home.[/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
>
"Safe Deposit Boxes Aren’t Safe" (NY Times article)
>
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...