Bank Deposit Box

[pokerplyr80]

So I finally broke down and opened a bank deposit box today. I enjoy having my favorite cards at home to look at on a daily basis. But we had a home break in a few years ago before I had much of a collection, and I haven't really felt safe having expensive cards in the house when no one is home.

Just curious how many of you have made the same decision. At what point is a card or collection to valuable to leave lying around the house? I know some people have said just get a safe, but my fear is that if someone is breaking into a home I'm sure they can find a way to take the safe with them.

[packs]

I've been contemplating getting one of these lately too. My bank offers access to a box free of charge with my account, I just don't know if I really want to do that or if I prefer to keep them at home.

[Stonepony]

SD boxes are just one thing that help me sleep better. Looking through them in those little rooms is like Christmas morning if you haven't visited in awhile.

[philliesfan]

Did you think about the legal aspect of the safe deposit box if you pass on? If I recall correctly, when the owner passes, no one can access the box until the box is inventoried by the state so they can determine a value to get their "fair" share.

I think the best route is a safe kept in a closet or hidden in some type of way.
Robert

[Stonepony]

I have my daughter on my box with me. When I die... she knows what to do. As far as an in home safe, I have one. However, if someone wants in your safe... they're gonna get in.

[Jewish-collector]

Should you put a card in the safe deposit box worth $200 ? How about $2000? How about $20,000 ? How about $200,000 ?

[bbcard1]

Originally Posted by Jewish-collector

Should you put a card in the safe deposit box worth $200 ? How about $2000? How about $20,000 ? How about $200,000 ?

though more expensive, insurance is another option to achieve a similar objective.

[joeadcock]

Originally Posted by Jewish-collector

Should you put a card in the safe deposit box worth $200 ? How about $2000? How about $20,000 ? How about $200,000 ?

I have used safe deposit box for years. I put in what I can until nothing will fit in there anymore.

[mybuddyinc]

I am not a paranoid person by nature (other than the Martians intercepting my brain waves ). But, I finally had to put my T206s in a SD box. Having a simple binder sitting on my desk didn't bother me (and Martians are more into Caramels, anyway ). However, looking at a stack of $100 bills sitting there did concern me.

[bcbgcbrcb]

Having been in the retail banking business for nearly 30 years now, one thing I can tell you is that the bank vaults have very limited climate control inside so depending on your locale, very warm areas during the summer months will get mighty hot inside the bank vault and cold climate areas will get mighty cold during the wintertime. This can be especially true on weekends and hours when the bank is not open for business.

[GehrigFan]

I'll give you guys a little hint - check Craigslist for safes. And I mean "real" safes! When you guys talk about people who want in to a safe will get in... I assure you, nobody is breaking into my 1930's Mosler Bank Safe. you need to buy a big safe, and one that offers double protection (burglary proof and fire-rated). The older bank safes generally offer both.

You are right that the little "safes" you buy at Walmart and such are not much protection, and most people don't even bolt them down like they need to be. But Craigslist can be a gold mine because people end up with these antique, heavy safes and just want someone to haul them off. THAT is the hard part! You may need to hire professional safe movers, so if you live in the middle of nowhere, you may be out of luck, but in a bigger metropolitan area you should be able to find something and either haul it on a UHaul with a lift, or get lots of help!

Mark

[glchen]

Originally Posted by GehrigFan

I'll give you guys a little hint - check Craigslist for safes. And I mean "real" safes! When you guys talk about people who want in to a safe will get in... I assure you, nobody is breaking into my 1930's Mosler Bank Safe. you need to buy a big safe, and one that offers double protection (burglary proof and fire-rated). The older bank safes generally offer both.

This is an absolutely horrible joke, but I can't resist it. I think that guy from the Antman movie could probably break into a Mosler Bank Safe.