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Our Coins And Natural Disasters.......Not A Good Mix!

OAKSTAROAKSTAR Posts: 7,215 ✭✭✭✭✭

I read a recent post by @PillarDollarCollector about giving coins a good home.

It made me think about the tornadoes hitting the Midwest lately. I know about protecting the wife, house, kids, car, pets, etc... (Not necessarily that order 😉) Wondering what (if any) special precautions our members out there take (or anywhere natural disasters hit) during these catastrophic events to protect their coins?

Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

Comments

  • humanssuckhumanssuck Posts: 421 ✭✭✭✭✭

    Buy insurance. Then if something goes wrong, have fun spending the insurance settlement.

  • raycycaraycyca Posts: 1,638 ✭✭✭

    Awesome photo for us storm chasers. Not fun for those living through them. Bank vaults for the more valuable coins, gun safes for the home with less expensive coins. Th bank vault is MUCH less than insurance, safes will always be there, insurance takes a lot of time/documentation/claims.

    You only live life once, enjoy it like it's your last day. It just MIGHT be!

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  • TheGoonies1985TheGoonies1985 Posts: 5,492 ✭✭✭✭✭

    Best to have better coins in a bank vault and insurance as well.

  • OAKSTAROAKSTAR Posts: 7,215 ✭✭✭✭✭

    Let me ask you this. I don't know if it's ever happened but what if a bank with a walk-in vault or separate safe deposit boxes took a direct hit from an EF4 or 5, what do you think would happen? I don't know, I'm just asking.

    Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

  • pruebaspruebas Posts: 4,531 ✭✭✭✭✭

    In the Northeast, we don’t have many earthquakes, tornadoes, or fires. We mainly contend with flooding.

    So a bank not near a flood zone works well.

  • Namvet69Namvet69 Posts: 8,976 ✭✭✭✭✭

    Yeah, but what about Godzilla?

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  • RiveraFamilyCollectRiveraFamilyCollect Posts: 630 ✭✭✭✭

    Large safe?

    The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.

  • VTchaserVTchaser Posts: 306 ✭✭✭

    Had an EF3 strike about 10 miles south of me last week. I was thinking the same thing hah.

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