<< <i>This is why I'll never own expensive coins. If it's not something I can enjoy at home without fear of it being stolen, then it's not something I need to buy. >>
Thats kind of a silly statement isnt it? None of my coins by themselves are all that much money but when you add them all up its some serious moolah. Also its not just the money you lose. You lose the coins that you spent a lot of time in acquiring.
ot everyone has shown one of their coins online. Some of the most "secure" talk about all their nice pieces, but refuse to show any at all, probably because of the Increases Risk of doing so.
<< <i>Even though I'm a firm believer in the "if you don't hold it, you don't own it" mantra I think I'm going to look into a SDB shortly. Simply put, I would feel much better spreading stuff around than I would having it all in any one location. >>
Bingo! Thats the key. SDB, Safe, hidden around the house, hidden in a relatives house etc. Dont put all your stuff in one spot. Been there, done that, and got ripped off and it hurts!
Safety and peace of mind are the primary benefits, but mine is a large box and, like Ryk's, at the bottom. Fortunately, I haven't gotten a hernia from lifting it. I don't get to the box as often as I'd like, but I have photos of most of the better coins.
<< <i>For those of you who are concerned about not being able to see your collection- I suggest imaging it. Get yourself a website, or even just a folder on your hard drive/flash drive (just make sure to make back up copies because computers do have issues on a regular basis) and you can look at it any time you want. Edit to add- I actually enjoy the record keeping/images more than the actual items much of the time. I didn't pick up the nickname "The Mad Documenter" for nothing... >>
Great idea! Once you get those excellent pics of your coins to look at and enjoy, you can sell all those coins and use the money to buy new coins.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>For those of you who are concerned about not being able to see your collection- I suggest imaging it. Get yourself a website, or even just a folder on your hard drive/flash drive (just make sure to make back up copies because computers do have issues on a regular basis) and you can look at it any time you want. Edit to add- I actually enjoy the record keeping/images more than the actual items much of the time. I didn't pick up the nickname "The Mad Documenter" for nothing... >>
>>
This is the one of the main reasons I have my showcase is because my coins are locked up at the bank. As someone else said, I live in the city and you just never know and because of that insurance is too expensive made so intentionally by most of the providers. I also use it to break down myths about the series as people think them to be dull and all counterfeits.
<< <i>I guess thats one of the perks of having a low value collection (most expensive coin was $500.00) and not to much bullion yet Is that a safe bolted to the floor in a locked closet is enough not to keep me up at night. I can understand when your collection consists of coins worth more than a house but I prefer to be able to look at and enjoy in hand what I own 24/7 366days a year. >>
I think you mean 24/7, 365.242199 days a year Just because we "save up" the overage doesn't mean we don't actually live through the .242199th of a day each year. That is, unless you figured out how to add .757801 to each calender year... Hmmm... have you figured out how to slow the planet? (I'm joking of course) I believe even if you fly against the timeline you still only end up with 365.242199 days in a year.
Ray
PS. Can you tell I'm board? Maybe I should run to the bank and look at what's in my SDB... Wait... I don't have one... Maybe I should get one to keep stuff in... I think I have a few beanie babies around here...lol.
Comments
<< <i>This is why I'll never own expensive coins. If it's not something I can enjoy at home without fear of it being stolen, then it's not something I need to buy. >>
Thats kind of a silly statement isnt it? None of my coins by themselves are all that much money but when you add them all up its some serious moolah. Also its not just the money you lose. You lose the coins that you spent a lot of time in acquiring.
Great point!
<< <i>Even though I'm a firm believer in the "if you don't hold it, you don't own it" mantra I think I'm going to look into a SDB shortly. Simply put, I would feel much better spreading stuff around than I would having it all in any one location. >>
Bingo! Thats the key. SDB, Safe, hidden around the house, hidden in a relatives house etc. Dont put all your stuff in one spot. Been there, done that, and got ripped off and it hurts!
Jim
<< <i>For those of you who are concerned about not being able to see your collection- I suggest imaging it. Get yourself a website, or even just a folder on your hard drive/flash drive (just make sure to make back up copies because computers do have issues on a regular basis) and you can look at it any time you want. Edit to add- I actually enjoy the record keeping/images more than the actual items much of the time. I didn't pick up the nickname "The Mad Documenter" for nothing... >>
Great idea! Once you get those excellent pics of your coins to look at and enjoy, you can sell all those coins and use the money to buy new coins.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>For those of you who are concerned about not being able to see your collection- I suggest imaging it. Get yourself a website, or even just a folder on your hard drive/flash drive (just make sure to make back up copies because computers do have issues on a regular basis) and you can look at it any time you want. Edit to add- I actually enjoy the record keeping/images more than the actual items much of the time. I didn't pick up the nickname "The Mad Documenter" for nothing... >>
>>
This is the one of the main reasons I have my showcase is because my coins are locked up at the bank. As someone else said, I live in the city and you just never know and because of that insurance is too expensive made so intentionally by most of the providers. I also use it to break down myths about the series as people think them to be dull and all counterfeits.
<< <i>I guess thats one of the perks of having a low value collection (most expensive coin was $500.00) and not to much bullion yet Is that a safe bolted to the floor in a locked closet is enough not to keep me up at night. I can understand when your collection consists of coins worth more than a house but I prefer to be able to look at and enjoy in hand what I own 24/7 366days a year. >>
I think you mean 24/7, 365.242199 days a year
Ray
PS. Can you tell I'm board? Maybe I should run to the bank and look at what's in my SDB... Wait... I don't have one... Maybe I should get one to keep stuff in... I think I have a few beanie babies around here...lol.