Bank Deposit Box

[ajjohnsonsoxfan]

For rare one of a kind big $$$ items a safe deposit box makes 100% sense. For me the joy of collecting means I can see and enjoy my stuff everyday (and not just a digital scan) without having to take a ride to the bank.

[Leon]

When we built our house 15 yrs ago we built a secret room and had a 1200 lb jewelers safe put in it (by tow truck). We have a monitored alarm system too. After living here a few years and continuing to increase my collectons worth I decided to get a safe depoist box for the most valuable things.

The time to get a safe deposit box is when, no matter what, you can't afford to lose what you have at home. (that was the litmus test for me)

[Exhibitman]

SD box for the rare ones. Had one for decades. Not necessarily expensive cards, the items it took years to find. Insurance covers the rest quite adequately.

I don't like home safes. I want a robber in and out quickly, not sticking a gun in my face or my family's face to force the safe open.

If you put your wife on as a co-signatory for the SD box she can get access if you die [or sooner--better trust her before you put her name in there]. With the estate tax not kicking in until well over $5 million, however, and that number indexed for inflation my hunch is that the value of cards isn't going to impact the value and taxation of most estates.

[ALR-bishop]

Was executor on estate of guy whose box was in a bank that flooded in a major flood. It was months before I was given access. Fortunately his box was up high . When I got access you could see the flood line half way up the vault. Anything paper in the boxes below it was a total loss. I saw some folks going through some of those.

[stlcardsfan]

Al, do you remember the old Lemay Bank in St. Louis flooded during '93. I believe a priceless violin was down low and lost in the flood.

[Griffins]

Originally Posted by Exhibitman

I don't like home safes. I want a robber in and out quickly, not sticking a gun in my face or my family's face to force the safe open.

This.

[pawpawdiv9]

Dig a hole and place into a time capsule. Then include in your will, the GPS coordinates for your siblings to find.

[Jlighter]

Originally Posted by pawpawdiv9

Dig a hole and place into a time capsule. Then include in your will, the GPS coordinates for your siblings to find.

Hahaha

If you can't hold the cards, even if they're in plastic, and look at them on demand then what's the point? Might as well buy stocks, maybe not right now, and look at scans on here. More or less the same thing except you don't get the ability to boast about your collection to others.

[pokerplyr80]

Originally Posted by ajjohnsonsoxfan

For rare one of a kind big $$$ items a safe deposit box makes 100% sense. For me the joy of collecting means I can see and enjoy my stuff everyday (and not just a digital scan) without having to take a ride to the bank.

Thanks for the responses. AJ this is the main reason I put off getting one. But Leon's reasoning was pretty much what I was thinking when I signed up. I couldn't really afford to lose my collection. And since we already had a break in I would often worry when we were away from the house more than a day or so.