card in bank safe deposit box

[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.

[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?