Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Should I get insurance for my coin collection?
>
Reply to Thread
Message:
<p>[QUOTE="Tamaracian, post: 8014444, member: 23122"]As a general rule--regardless of where you store your coins or whom you insure them with--clear photos of both sides, and documentation to show their description and acquisition cost, are essential. For raw coins, if you have a significant dollar value based on your cost, and for graded coins, you might want to get an appraisal from a <i>reputable dealer who does appraisals,</i> who should be able to determine both a market value and an insurance replacement value</p><p><br /></p><p>An alternative to Hugh Wood or other insurance would be a Burglar & Fire-Rated UL Safe (made in the USA) of sufficient cubic capacity to store ALL of your coins plus room for additional coins; if large enough, you can also store important documents (make sure you have a Desiccator inside). These safes are heavy and have to be positioned on a solid surface; look for one that has a bottom thru-hole so that it can be mounted to the floor with a bolt. The cost for this type of safe runs around $1,500 for a new one.[/QUOTE]</p><p><br /></p>
[QUOTE="Tamaracian, post: 8014444, member: 23122"]As a general rule--regardless of where you store your coins or whom you insure them with--clear photos of both sides, and documentation to show their description and acquisition cost, are essential. For raw coins, if you have a significant dollar value based on your cost, and for graded coins, you might want to get an appraisal from a [I]reputable dealer who does appraisals,[/I] who should be able to determine both a market value and an insurance replacement value An alternative to Hugh Wood or other insurance would be a Burglar & Fire-Rated UL Safe (made in the USA) of sufficient cubic capacity to store ALL of your coins plus room for additional coins; if large enough, you can also store important documents (make sure you have a Desiccator inside). These safes are heavy and have to be positioned on a solid surface; look for one that has a bottom thru-hole so that it can be mounted to the floor with a bolt. The cost for this type of safe runs around $1,500 for a new one.[/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
>
Should I get insurance for my coin collection?
>
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...