Speaking of bank safety deposit boxes...

canadacolornut

I've got to move mine from a bank that's too far away for me to get to conveniently.

The closest I can find are smaller branch banks and their rules on entry to the safety deposit box area is to just
give everyone a key and let them go in and out at will. I don't think they even have to sign in for access.

That really bothers me. Under the main bank's system it takes two keys for entry; one by the bank person
who opens the vault, lets you in, then closes it when you leave.

I just can't get a handle on what would be the consequences if I opened that branch bank box one day
and found everything missing. What recourse would I have?

Or if, on examination, there were just one or two boxes, or coins missing."Mysterious disappearance"?

I have the coins insured but I just don't know what kind proof I would need that I ever put the coins
in the box in the first place or if some or all were missing.

Any thoughts, comments appreciated.....

wybrit

My bank always checks ID (even though they all know me) and only allows signatories (myself and my wife) to access our boxes.

To your concern, there is no verifiable record (or any record, for that matter) of what you have in an SDB, so you would be out of luck if things turned up missing. If your interpretation of the branch's acccess rules is spot on, then it sounds like you should move on.

On a side topic, I had a recent incident where one of the tellers asked me if I was a coin collector (even though I had no external evidence showing that to be the case). I told him what I do and don't collect is none of his business. I then reported the incident to the branch manager. I did not name the teller, but I said that my faith in their system was shaken and that the manager needed to address this with all staff. She assured me that only I have keys to the actual box. Bottom line: You should verify that only you will get keys to your box - and watch out for nosy tellers.

SaorAlba

I would just keep the stuff in a bank that is more inconvenient over worrying about it.

I think my tellers all know what I do, otherwise they wouldn't be holding back rolls of halves, cents, Ike Dollars, and bands of $2 bills for me.

It is the Post Office that needs to STFU sometimes.

harasha

Yeah, I had a nosy teller once. Really disturbed me. Disturbs me to this day.

canadacolornut

Yep, you can get paranoid.

I had a postal clerk ask me once "what I did"-curious because i was sending and receiving insured packages of coins
that I was buying and selling on Ebay.

I took a package of Canada proofs to the P. O later, send them insured with the same clerk, and when they didn't
show up at PCGS almost a week later the paranoia set in, that maybe she had done something funky and they
might NEVER show up. They were insured of course, but you know how that is. I had visions of PR 69's and
big bucks and I knew they amount I insured them for would never cover the loss.

Anyway, the coins finally showed up, no PR 69s for yours truly and that was that .