Bank Deposit Box

[Jewish-collector]

Should you put a card in the safe deposit box worth $200 ? How about $2000? How about $20,000 ? How about $200,000 ?

[bbcard1]

Originally Posted by Jewish-collector

Should you put a card in the safe deposit box worth $200 ? How about $2000? How about $20,000 ? How about $200,000 ?

though more expensive, insurance is another option to achieve a similar objective.

[Griffins]

I have a couple of SD boxes, everything is in there. Nice to visit and occasionally bring a few items home for a few days, but much more peace of mind having them in there. Unfortunate reality I'm afraid.

[T206Collector]

Insurance doesn't work for the one-of-a-kind cards that I collect. I started getting nervous with some of the signed cards I began to accrue about 8 years ago. The safe deposit box keeps me from sweating that. I almost prefer to look at my cards in hi-res scans anyway.

[Brian Van Horn]

Bank deposit boxes are the best way to go.

[philliesphan]

Originally Posted by T206Collector

Insurance doesn't work for the one-of-a-kind cards that I collect. I started getting nervous with some of the signed cards I began to accrue about 8 years ago. The safe deposit box keeps me from sweating that. I almost prefer to look at my cards in hi-res scans anyway.

They are certainly an option. But you do realize that your items are not insured in the Bank Deposit box, and the bank assumes no liability if something happens? I've heard stories of robberies, water (humidity) damage, etc. Just something to keep in mind. It is certainly better than keeping cards under your mattress, but it is no more foolproof than other security measures.

[Iron Horse]

Safe bolted to the concrete floor, and insured. You get to look at them when you want and if stolen then you are covered.
If you have one of a kind item then i can see the bank deposit box.

[glchen]

Originally Posted by philliesphan

They are certainly an option. But you do realize that your items are not insured in the Bank Deposit box, and the bank assumes no liability if something happens? I've heard stories of robberies, water (humidity) damage, etc. Just something to keep in mind. It is certainly better than keeping cards under your mattress, but it is no more foolproof than other security measures.

+1. Right, I was going to mention this also. I live in the SF Bay area, where we can always be at risk for flooding or earthquakes. If these events damage your safety box, the bank has no liability.

[pcoz]

I have almost all of mine in a SDB. It's temperature controlled, safe, and it gives me piece of mind. I live in Lancaster PA, not on the West Coast with natural disasters, so maybe it's a little different here. But, I see no downside in having one, as there's more risk of theft in my home than in a bank.

[joeadcock]

Originally Posted by Jewish-collector

Should you put a card in the safe deposit box worth $200 ? How about $2000? How about $20,000 ? How about $200,000 ?

I have used safe deposit box for years. I put in what I can until nothing will fit in there anymore.