Safety Deposit Box
KurtisJoseph
Posts: 214 ✭✭✭
Just wanted to tell everyone of a frightening experience I had. . might help someone. I keep most of my collection in safety deposit boxes. The high end stuff.
There was a water leak at the bank and water leaked all over the vault holding the individual boxes. Fortunately, I had no damage. Kind of hard to explain on email, but make sure (if you use a SDB),the lid of the box "rolls over" the rest of the box. In other words, if you poured a glass of water on the top of the box, make sure it is tight. Also, some of the boxes are cheap and have little holes in the 4 bottom corners where the whelding was cheap. Inspect those as well.
Just a couple precautions. I always assumed my stuff was 100% safe at the bank. Guess not!
There was a water leak at the bank and water leaked all over the vault holding the individual boxes. Fortunately, I had no damage. Kind of hard to explain on email, but make sure (if you use a SDB),the lid of the box "rolls over" the rest of the box. In other words, if you poured a glass of water on the top of the box, make sure it is tight. Also, some of the boxes are cheap and have little holes in the 4 bottom corners where the whelding was cheap. Inspect those as well.
Just a couple precautions. I always assumed my stuff was 100% safe at the bank. Guess not!
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Comments
<< <i>I have a small fire proof save at home, like having my cards within easy reach. >>
Most "fire proof" saves are only fire resistant and have a certain temp and time limit on it.
They call me "Pack the Ripper"
<< <i>get a safety deposit box where the box is in actual vault. not a room. that's really weird >>
Very weird. I'd switch banks.
<< <i>I think putting the cards in 1 gallon zip lock bags would not be a bad idea. >>
If it is long term storage and you do not look at them often you might even consider one of the vacuum sealed bags.
I know this forum has previously discussed the pros and cons of storing your cards on or off site, but I will add a few quick thoughts.
Storing your cards at home is nice but, most security boxes are easily carried off by a burglar or friend-of-a-friend visitor. Most gun safes, actually called residential security containers as they are not safes, can be opened with a pry bar if you can get them on their back. Make sure you bolt your safe to the ground with wedge anchors. Try to store your safe out of sight if possible. You never know when the cable installer or plummer will make a mental note that you have a lot of nice sports items on the wall and a big safe in your man cave. Having it out of plain view also reduces the risk of a home invasion scenario where they force you to open the safe. Also, with eBay and other sites it is possible that someone notices that you have a vast array of high end cards listed in your store, buy a cheap item to get your address and then start casing your home.
Take steps to keep your cardboard safe.
<< <i>
<< <i>get a safety deposit box where the box is in actual vault. not a room. that's really weird >>
Very weird. I'd switch banks. >>
you are right. It is weird. It has a "sitting" room, where you can sit down and look at your belongings. perhaps pour some coffee. . !
<< <i>Of course, if there was any damage or loss, the bank would step right up reimburse you.
That's not true. If you check the fine print of your box rental agreement, it states that they are not responsible for damage or loss and that box renters should provide their own insurance for the contents. If you think about it, the bank has no idea what you keep in there anyway. You can get the contents insured such as through your homeowners insurance. Personally, I think that's a bit of overkill, but to each his/her own.
<< <i>you are right. It is weird. It has a "sitting" room, where you can sit down and look at your belongings. perhaps pour some coffee. . ! >>
My bank has the boxes in the vault and you are allowed to take your box out and to the sitting room which is next to the vault. There's a door on the room so I always close it when viewing my items.
<< <i>And make sure your bank is on high ground, not susceptible to being damaged by flooding, which happens quite often in some areas. >>
This happened in Cedar Rapids back in 2008 at one of the banks down town!
Three dogs
one Glock
TheClockworkAngelCollection
<< <i>Extra Insurance
Three dogs
one Glock
IMHO, not enough Glocks
<< <i>I have a small fire proof save at home, like having my cards within easy reach. >>
My safe is really humid. Everything that I put in comes out damp. That being said, I don't like safety deposit boxes either. I like being able to see my cards in the comfort of my home, whenever I please. This reminds me...my dad gave me his set of 86 Fleer basketball...all except for the PSA 9 Jordan rookie, which is in his safety deposit box. It drives me CRAZY!!!