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Hypothetical: You've run out of room in your safe deposit box.

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  • CaptHenwayCaptHenway Posts: 32,731 ✭✭✭✭✭

    @MrEureka said:

    @ranshdow said:
    Not kidding, this happened yesterday. Absolutely full at the moment. I eye the larger boxes in the vault with envy every time I go in.

    I know the feeling, and then some! I had two boxes at my bank. They were almost next door neighbors, with only one box in between. And on that middle box was a red button, meaning it could be available sometime soon. I must have asked for that box a dozen times before I got it two years later. It was like playing Monopoly and finally completing my block.

    For God's sake you didn't push the red button, did you?????

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • Cougar1978Cougar1978 Posts: 8,776 ✭✭✭✭✭
    edited December 17, 2018 7:42AM

    It has forced me to downsize number of slabs. Best to downside number slabs to fit storage space. Cheaper ones being downsized not buying anything below certain dollar amount.

    Currency takes up much less space.

    Investor
  • CaptHenwayCaptHenway Posts: 32,731 ✭✭✭✭✭

    The ultimate personal vault....Jack Benny's!

    Two Treasury Agents ask to see it so they can improve the security at Fort Knox. Best to skip to the 10:00 mark.

    https://www.youtube.com/watch?v=oziZqJHsgpc

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • TwoKopeikiTwoKopeiki Posts: 9,859 ✭✭✭✭✭

    Hmm... to free up some room I would sell that overweight no-date early Durango 8 Reales to an enthusiastic collector in Canada.

    It looks something like this....

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    I would just get another safety deposit box !!! :)

    Timbuk3
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  • johnny9434johnny9434 Posts: 29,226 ✭✭✭✭✭

    get another one thats bigger

  • blitzdudeblitzdude Posts: 6,560 ✭✭✭✭✭

    No hypothetical about it. When it happened to me I simply added another box. When it happened again I started converting silver to gold.

    Then again trust in banks can be an issue. I've been told a nice deep hole out on the back 40 works well, less overhead too. lulz

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    I currently facing this dilemma. The banks in my area have none available. There is no waiting list. I was told to ask every time I enter the bank. I’ve even threatened to withdrawal money unless I got another box. They called my bluff. I’m hiding stuff everywhere at present. Night gardening is next

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • 1630Boston1630Boston Posts: 14,111 ✭✭✭✭✭

    .

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko

    Bad transactions with : nobody to date

  • NysotoNysoto Posts: 3,824 ✭✭✭✭✭

    A collector can invigorate their collection by trimming the herd occasionally, selling coins they haven't looked at for years to buy something they've always wanted. I generally don't like slabs, it doesn't hurt to crack 'em, enjoy them raw, then slab and sticker to the latest fad/grading standards when its time to sell. I have two SDB boxes in different suburbs for when the tsunami's/meteors/volcanoes/fires hit. SDB boxes are never 100% safe.

    A company called Guardian Vault opened close to us in Redmond, WA. Excellent, but expensive, and I expect them to expand nationally as there is obvious demand.

    Another option is a large, heavy gun safe, a CPL, and insure by S&W.

    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
  • georgiacop50georgiacop50 Posts: 2,909 ✭✭✭✭

    @BackroadJunkie said:
    My concern isn't the full SDB box, but how damn heavy they get. I ain't getting any younger...

    Yes. I am always thankful the tellers, like myself, choose to ignore the 35 LB WEIGHT LIMIT that is embossed on my box lid.

    I always caution the tellers to LET ME pull the box out of the drawer. I would guess it is at least 60 lbs. and is above the heads of many. Good thing I am 6'7" and 250 lbs

  • RollermanRollerman Posts: 1,897 ✭✭✭✭✭

    I told myself that I would never have a collection that was too big to fit in a large Safety Deposit Box. It finally happened, so I sold my Ike set and the Susie B. set and now I have room to lock up the entire collection if I go out of town. The other option now would be to sell off some of those big Morgans and replace them with dimes!

    "Ain't None of Them play like him (Bix Beiderbecke) Yet."
    Louis Armstrong
  • sellitstoresellitstore Posts: 3,053 ✭✭✭✭✭

    Paper money is lighter and takes up much less space, even certified.

    It also has unique serial numbers, making them much less attractive to thieves who don't want to get caught.

    You might consider selling a few coins and buying a few notes.

    SDBs are tough in many areas. Keep looking. There are always a few customers moving or dying off. I think that's almost the only times that they become available.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • ad4400ad4400 Posts: 2,167 ✭✭✭✭✭

    I started running into this. I’ve moved some lower value albums back home (ones that probably didn’t warrant storage anyway). I have scope to better use the blue boxes by mixing sets. But room to manage is finite. My box is closer to my residence three homes ago, and efforts to find something close to my now home of five years has been fruitful. At least it is on the way to work. Point being that availability of suitable size boxes is pretty scarce. At some point that will drive decisions about what can be kept.

  • Cougar1978Cougar1978 Posts: 8,776 ✭✭✭✭✭
    edited December 19, 2018 12:32PM

    Many go to bigger ticket material, fewer slabs. Mint boxed stuff either slabbed or blown out.

    Investor
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭

    Sadly, way too hypothetical for me :(

  • 3stars3stars Posts: 2,294 ✭✭✭✭✭

    Consolidate. Turn your seven $1000 coins into one $7000 coin. Take your less loved pieces and turn them into something great.

    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • 3stars3stars Posts: 2,294 ✭✭✭✭✭

    You put Ike's and SBAs in a safety deposit box?!?

    @Rollerman said:
    I told myself that I would never have a collection that was too big to fit in a large Safety Deposit Box. It finally happened, so I sold my Ike set and the Susie B. set and now I have room to lock up the entire collection if I go out of town. The other option now would be to sell off some of those big Morgans and replace them with dimes!

    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • BAJJERFANBAJJERFAN Posts: 31,305 ✭✭✭✭✭

    @santinidollar said:

    @cameonut2011 said:

    @santinidollar said:
    New bank branches in my area don’t even have boxes.

    That's crazy.

    Like somebody else said, the banks aren’t making money on them. The megabanks have never come anywhere near full recovery from 2008.

    well at least charge enough to break even. Then again no need to make a profit on EVERY perk.

    theknowitalltroll;
  • santinidollarsantinidollar Posts: 1,056 ✭✭✭✭✭

    @BAJJERFAN said:

    @santinidollar said:

    @cameonut2011 said:

    @santinidollar said:
    New bank branches in my area don’t even have boxes.

    That's crazy.

    Like somebody else said, the banks aren’t making money on them. The megabanks have never come anywhere near full recovery from 2008.

    well at least charge enough to break even. Then again no need to make a profit on EVERY perk.

    They don’t listen to us. They listen to Wall Street.

  • jdimmickjdimmick Posts: 9,779 ✭✭✭✭✭

    time to purge

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