card in bank safe deposit box

[g_vezina_c55]

like i read in many thread, the bank safe deposit box look a popular way to protect valuable cards.

Anyone here have any problem in the past with this way ?

Any loss by fire or thieft ?

bank Safe deposit box steal is probably extremely rare ?

thanks

[insccollectibles]

I keep all my valuable cards in a safe deposit box. I've had no issues at all.

[Sean1125]

I don't keep my cards in SDB but I do keep my gold and silver there.... Never had a problem.

[conor912]

I hear that the absolute way to protect your cards is to shoot them into orbit.

[Sean]

Nelson, I have kept mine in a SDB for 7 years without any problems.

[Stonepony]

Biggest threat probably humidity. Fire or theft from a SDB would be very rare.I would throw in some sort of desiccant pack and change every year. Especially important in a home safe !!

[E93]

Never a problem. Given banks are air conditioned I can't imagine humidity is a problem, but I don't live on the east coast.
JimB

[g_vezina_c55]

Ok thx guy.
Do you take insurance + sdb or only the sdb ?

Last year in montreal a national bank was victim of thieft during a 3 day week end..the theift open arround 50 sdb of the 450

It is why i ask if you ever saw a case like that.

Thx

[ValKehl]

Nelson, My SDB also serves as my "insurance" - and I keep my fingers crossed that nothing similar to what happened at the Montreal bank happens at my bank!
Val

[g_vezina_c55]

Originally Posted by ValKehl

Nelson, My SDB also serves as my "insurance" - and I keep my fingers crossed that nothing similar to what happened at the Montreal bank happens at my bank!
Val

Probably extremely rare...first time i saw a story like that in Quebec.

[ocjack]

Had mine in a couple of banks for probably 15+ years. They even survived moves to different locations when my bank was bought out by another bank and the branch closed.

[itjclarke]

Have also used safe deposit boxes for 15 plus years. I've moved banks once or twice and upsized boxes with my collection. Never had a problem.. Except I can't see them when I want to

[Sean]

Originally Posted by itjclarke

have also used safe deposit boxes for 15 plus years. I've moved banks once or twice and upsized boxes with my collection. Never had a problem.. Except i can't see them when i want to :d

+1 :d

[joeadcock]

Also used safe deposit box for years. Never seen any humidity issues.

[the 'stache]

I'd be interested to know how many of you using sdp are also insuring those cards. When my collection has grown a little more, I plan on having my high value cards at the bank, keeping my other, less valuable cards in a safe, with sets and commons boxed and in the closet. But I anticipate I'll insure the cards at the bank, as well as those in my safe.

[Stonepony]

My SDB contents are not insured. Probably be wise to do so, but I haven't.

[Danny Smith]

It is always a good idea to Insure your cards In a SDB in case of fire or theft as SDBs are not covered by FDIC insurance.

[T206Collector]

I keep my cards in a SDB and never worry about it. I combat the potential for humidity with those little gel packs you can buy. Pretty sure collectibles insurance will not apply to items stolen from or damaged in a SDB. Before I paid for insurance on top of an SDB I would be sure to read the fine print.

On a lighter note...

http://youtu.be/Q3JePwOZ_hQ

[ALR-bishop]

I was an executor for my Uncle's estate in 1993 in St Louis. At the time he died St Louis was experiencing severe flooding. His bank was cut off and partially flooded, including the safety deposit vault. When the flood receded and I was able to get to the box, it turned out to be at the top part of the vault and was undamaged. But boxes half way up the vault were flooded and virtually all papers in them destroyed or damaged.

I am a volume set collector and do not keep my cards in a SDB, but do have a large box with a lot of papers and documents. I now am sure that the bank I use is not in a flood plane, I check to see what happens if there is a fire in any portion of the bank ( how sprinklers operate in vault), and if they keep the air conditioner going on weekends and evening, and to what degree

[DeanH3]

Yep, SDB is the only way to go. Yeah, it's a pain not to have instant access to you cards, but definitely worth it.

[g_vezina_c55]

Originally Posted by ALR-bishop

I was an executor for my Uncle's estate in 1993 in St Louis. At the time he died St Louis was experiencing severe flooding. His bank was cut off and partially flooded, including the safety deposit vault. When the flood receded and I was able to get to the box, it turned out to be at the top part of the vault and was undamaged. But boxes half way up the vault were flooded and virtually all papers in them destroyed or damaged.

I am a volume set collector and do not keep my cards in a SDB, but do have a large box with a lot of papers and documents. I now am sure that the bank I use is not in a flood plane, I check to see what happens if there is a fire in any portion of the bank ( how sprinklers operate in vault), and if they keep the air conditioner going on weekends and evening, and to what degree

But with cards in Graded holder + in sealled bag, the damage by water is almost impossible.

[frankbmd]

1. The size of your collection of old cardboard



2. A large collection of raw cards can be accomodated in a modest SDB



3. But if you have a larger collection of graded cards, you may need this



4. Then of course you need to find a bank with a very large vault.

[Exhibitman]

Actually, the insurance available for cards usually covers them in a SDB, and usually to the full limit of liability at each SDB you have. Insurers absolutely love it if you keep insured items in a SDB because the likelihood of loss from theft is virtually nil but the policy premium stays the same as though they were at your home.

I've had a SDB for 30+ years for my favorite/best cards. I tend to visit them once a month or so. For me it is a cheap way to be sure that any catastrophic loss at my home--such as a fire--doesn't destroy everything.

As for humidity, bank vaults are typically climate controlled. I put a few of the silica dessicant gel packs into my SDB just in case.

[itjclarke]

Does anyone have a specific recommendation for these? I need to buy some ASAP since I've got some cards (ones that don't fit in SDB) in a semi humid/moist storage locker. Looks like there's lots choices on Amazon.

[byrone]

It's tough being a collector and worrying about our valuables. Realizing that all our "stuff" is temporary often helps keep me grounded as far as collecting is concerned. These wise words often come to mind.

Matthew Chapter 6

19 “Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. 20 “But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal; 21 for where your treasure is, there your heart will be also.

I keep some of my items in a safe...not at all fond of having possessions lost/stolen/damaged, but I try to keep in mind that at the end of the day, it's "stuff".

[T206Collector]

Originally Posted by Exhibitman

Actually, the insurance available for cards usually covers them in a SDB, and usually to the full limit of liability at each SDB you have. Insurers absolutely love it if you keep insured items in a SDB because the likelihood of loss from theft is virtually nil but the policy premium stays the same as though they were at your home.

Really? One of the reasons I stopped using Collectors Insurance was because of that exclusion. Maybe I misread it.

[dabigyankeeman]

I have had a few in one for many years, never had a problem.
I scanned the cards into my computer and printed them on photo paper and then put them in the safety deposit box. The cards i scanned and printed look great cut to life-size in my albums sheets with my real cards.

[deadballfreaK]

I kept my valuables in a SDB for a few years until the bank went out of business and they made me come and get em. I live in a very rural area and the banks are all small and have a very limited number of boxes. It's hard to even get one. Waiting lists. Anyway, the time my cards were in the bank, I lost interest in collecting. I have them back home now and I look at them everyday. I take some precautions, but no it is not very safe. To me if you have to lock your collection away, then what's the use having it?

[itjclarke]

Originally Posted by itjclarke

Does anyone have a specific recommendation for these? I need to buy some ASAP since I've got some cards (ones that don't fit in SDB) in a semi humid/moist storage locker. Looks like there's lots choices on Amazon.

Feel sort of silly bumping my own question, but will be travelling as of tomorrow for most of the next 6 weeks and would love to order some of these and stick them in my storage unit & SDB when back home at the end of the week, prior to the big travel. It looked like at least 2-3 are using them. I had never really considered using, but am cringing knowing that my storage unit is not climate controlled and cards/balls have been there for over a year.

[Texxxx]

Originally Posted by itjclarke

Feel sort of silly bumping my own question, but will be travelling as of tomorrow for most of the next 6 weeks and would love to order some of these and stick them in my storage unit & SDB when back home at the end of the week, prior to the big travel. It looked like at least 2-3 are using them. I had never really considered using, but am cringing knowing that my storage unit is not climate controlled and cards/balls have been there for over a year.

There are a lot of options out there. I would use something like this. They will let you know when they are saturated and need regenerated.
http://www.cannonsafe.com/silica-gel-dehumidifier.html

[Theo_450]

Kept ours in a gun safe for many years. A passive desiccant is OK, but if you have one you can plug in, or at least recharge, or dry out with electricity, it is much better.

Remington makes one that you can plug into an outlet to recharge for ~ $25. Depending on conditions, I recommend you check/recharge them every 30-60 days if not more frequently.

[deadballfreaK]

I guess I'm stupid, but I live near St. Louis. Hot and humid. Usually hell on earth (not this year). Never did anything about humidity. I've been collecting for 50 years and still have most of them from back then. Never had a card damaged by humidity. I think you guys are paranoid.

[Theo_450]

Originally Posted by deadballfreaK

I guess I'm stupid, but I live near St. Louis. Hot and humid. Usually hell on earth (not this year). Never did anything about humidity. I've been collecting for 50 years and still have most of them from back then. Never had a card damaged by humidity. I think you guys are paranoid.

Hotlanta may be SLIGHTLY more humid than SL. Just sayin'.

[deadballfreaK]

Might be, but 90% is pretty bad,

[Theo_450]

Originally Posted by deadballfreaK

Might be, but 90% is pretty bad,

It has rained every day for the entire summer. There are mushrooms growing on the mushrooms. Ever see a "fairy ring"?

[Exhibitman]

I live in L.A. Dry as the desert it is.

[itjclarke]

Originally Posted by Exhibitman

I live in L.A. Dry as the desert it is.

Being that you're from LA, you know we all live in fog up here.

I do feel better though now knowing another has stored in humid conditions without issue.. but feel even better being one of the paranoid that now owns (arriving Wed) two little silica gels large enough for small closet/storage space. Thanks all for input on dehumidifiers.

[the 'stache]

Ian, I don't know if this would fit in your sdp (or take up too much room), but I've seen this particular product recommended for a safe:

http://www.cabelas.com/product/Remin...ier/707832.uts

Recommended here by Tony N http://www.net54baseball.com/showthr...=126083&page=2

Hope this helps. Safe travels!

[the 'stache]

Here's another to consider:

http://www.amazon.com/Remington-1994...fier+remington

[itjclarke]

Originally Posted by the 'stache

Ian, I don't know if this would fit in your sdp (or take up too much room), but I've seen this particular product recommended for a safe:

http://www.cabelas.com/product/Remin...ier/707832.uts

Recommended here by Tony N http://www.net54baseball.com/showthr...=126083&page=2

Hope this helps. Safe travels!

Thanks for the suggestions Bill... Funny enough, I buy the kind that comes in a cardboard box (Hydrosorbent 900) and feel all proud, only to find out last night my wife has the same kind you've posted. She's been using it in one of our small rooms. Oh well, now we have 3 total. (posting from 30,000 ft when should be sleeping!!)

[Cardboard Junkie]

Alls I'm sayin..... "All safe deposit boxes in banks or financial institutions have been
sealed... and may only be opened in the presence of an agent of the
I.R.S." - President F.D. Roosevelt, 1933

[MattyC]

Originally Posted by T206Collector

Really? One of the reasons I stopped using Collectors Insurance was because of that exclusion. Maybe I misread it.

I was also informed by my insurance agent that they will not issue me a policy for cards in a SDB. That said, I still prefer an SDB to home storage.

[25801wv]

I wish I had this problem.

[LEHR]

I'm not knocking anyone's choice for storing or protecting there collectibles but I've personally never understood why anyone would want to store there cards in a SDB. If you need the piece of mind that your collection is safe why not buy a nice home safe for $2-$3k and keep your collection in house? If you bought an expensive piece of art would you not hang it on your wall, or inside of your local bank vault? Again, not criticizing anyone's protection methods just throwing in my two cents.

[glchen]

Safety deposit boxes have the advantages of climate control and security over a home safe. You might say that if you have a $2-3K safe, that's pretty secure. However, I think most people would be comfortable saying on a forum that thousands of people might read that they keep their valuable cards in a SDB rather than in a home safe. Sure, you might also add that you have guns and dogs in your house, but why invite danger when you don't need to?

[drmondobueno]

I live in a very small town on the edge of the eastern sierras after living in the L A basin for over 40 years. Population 1350. No traffic lights, no banks, no doctors, no helicopters, you get the drill. Up until last week, we had less than an inch of rain for the year. Humidity can be non-existent, often under 10%. Our big worry here is fire, wind-driven wildfires. In 2011, the entire town was evacuated when a downslope wind blew a fire down a creek bed and into town, taking out 50 homes. The fire was less than a quarter mile from the home we now live in. Last year another fire started on Highway 395 and caused another evacuation warning before two air tankers were diverted from the Bay area and knocked that bad boy down. Winds were in excess of 40 mph, it could have been very bad. So we look for smoke.

The closest bank is in Bishop, 15 miles to the North. I keep a few more valuable cards there in a SDP, along with my will, passport, and gold fillings. A home safe just would not provide fire protection, so I spread the risk round a bit.

My thinking is I bought the cards to enjoy, so I do. I am not a fan of insurance, having been on the short end of policy 'exclusions' once too often. I gave up a little to get a lot by moving away from population centers and jobs, so I drive an 18 year old fishing vehicle and a trade- off of fire risk with little career opportunity. But being a semi-old fart, what do I need a boss for.

[Texxxx]

Keith, 2 things. Don't leave your Will in a SDB. If you pass no one can get it out! Then it will be useless.
The other thing is you can get a safe that will protect from fire. They are data safes. Not cheap but they will not let anything get over 100 deg. inside.

[the 'stache]

The data safes, which i have looked into, are ridiculously expensive at a size that would be at all useful to a collector.

This is one I just found that is intriguing.

http://www.totalsecuritystore.com/pr...FRPl7AodOmEAxQ

It's only got 1.7 cubic feet of storage, but comparatively, that's not bad for the $1,272 asking price. One hour fire protection keeping the inside temp to 125, protects against "sprinklers, water and humidity", and it's 440 lbs, so nobody could pick it up, and make off with it.

[the 'stache]

That media safe could store 324 SGC graded cards, 420 PSA graded cards, or 264 Beckett graded cards in A Box Factory's Graded Card Storage Trays.

http://aboxfactory.com/index.php/col...rage-tray.html

Unfortunately, the interior is not quite wide enough for the wood or chipboard boxes that are 4 rows wide.

The interior of the safe measures 25" high x 12 3/4" wide x 9 1/4" D

The graded card storage trays measure 5 11/16" high x 4" wide x 8 15/16" D

So, you could do 4 rows of 3 trays each.

Pretty nice.

[LEHR]

Most of your higher-end gun safes (also used for cards) will have a one hour plus burn rating.