When is it the right time for a safe?

atarian · November 27, 2005 2:31PM

How much money do you think should you have in valued Slabbed coins before you should seriously consider a safe? just wonderin. i mean i dont think anyone in my family would ever swap a coin ( hell i know they wont) but my friends you never know. so how much in valued coins before you look into a safe and then again how small can i get that i can make sure everything stays like it should

Sandhawk · November 27, 2005 2:35PM

How much do you trust your family ??

MikeInFL · November 27, 2005 3:07PM

need = value * risk

BlindedByEgo · November 27, 2005 3:10PM

<< need = value * risk >>

Value= cost/risk

p8nt · November 27, 2005 3:12PM

<< need = value * risk >>

<< Value= cost/risk >>

So, by substitution...

Need = (cost/risk) * risk

atarian · November 27, 2005 3:13PM

family i trust. its my friends who i cant. never know who might swipe something. but just wondering ballpark range when i should really look into a safe.

well a few of my friends are nice people but i dont trust them around the coins. (other than my family i trust noone). but value is $4000. risk is whenever they come over. cost i paid about half that $2500. ( for the coins)

ormandh · November 27, 2005 3:14PM

Safe deposit box. Unless of course you get a 1000lb safe. -Dan

fountainheadgold · November 27, 2005 3:17PM

NO SAFE, GET NEW FRIENDS

ormandh · November 27, 2005 3:18PM

If you want to keep them away from visitors, a safe is fine. If you are afraid that someone will break into your house, the only way to be completely safe is a safe deposit box at the bank. Take pics of your coins, put them on your computer so you can look at them. Every other week or when you feel lonely, you can let them have a conjugal visit. -Dan

TommyType · November 27, 2005 4:17PM

<< 

<< need = value * risk >>

<< Value= cost/risk >>

So, by substitution...

Need = (cost/risk) * risk >>

And if we simplfy,

Need = Cost

NOW, we're getting somewhere.....

relayer · November 27, 2005 4:33PM

<< When is it the right time for a safe? >>

Just before a fire or a burglary

RegistryNut · November 27, 2005 5:49PM

When the coin collecting bug bites someone, we all get a fever at various temperatures. If your fever is
mild, you probably don't need a safe. If your burning up, you'll eventually need a free standing, bolted
down safe, no matter how many coins you've presently aquired. Enjoy your collection when you choose to, keep it secured, and rest at ease when you're not at home. Coins are irreplaceable and should be treated accordingly, IMO.

RegistryNut

JJM · November 28, 2005 5:55AM

diversified locations in the home....with easy to find "dummy plant coins" for the burglers

ttown · November 28, 2005 5:59AM

I'd say just about now since you posted you have $4k in coins without any safe on the Internet

streeter · November 28, 2005 6:07AM

At least two safes. Super secret one from wifey...installed when wifey is away on cruise

stman · November 28, 2005 6:12AM

<< Super secret one from wifey...installed when wifey is away on cruise >>

From what I've heard they do on a cruise when they go with their "friends" she might not be so concerned about a "super secret" safe.
She might be..... ah, never mind.

ScarsdaleCoin · November 28, 2005 6:19AM

when you buy your safe and figure out the size you are going to get.....double that size.....you can thank me later!

When is it the right time for a safe?

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