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  #1  
Old 04-23-2018, 09:13 AM
dabigyankeeman dabigyankeeman is offline
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I keep my most valuable cards off site however before I take them away I make a copy of them life-size on good photo paper and that copy goes in my plastic sheets in my albums. You would be amazed at how lifelike the copies are, they look exactly like the card, my card, with every little crease and flaw. Works great!!! This way your cards are safe, but you can still "look" at them.
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  #2  
Old 04-23-2018, 01:12 PM
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insidethewrapper insidethewrapper is offline
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At what value does the Safety Deposit Box kick in ? Value a Safe kicks in ?
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  #3  
Old 04-25-2018, 12:24 PM
BruceinGa BruceinGa is offline
Bruce Fairchild
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Originally Posted by insidethewrapper View Post
At what value does the Safety Deposit Box kick in ? Value a Safe kicks in ?
I don't have any of what most here would call "high dollar" cards but some are in that category to me . A couple of years ago I asked for insurance quotes for my collection and found that a safe deposit at $120 annually is a much better option for me. True, it will hold only a finite number of cards so I only keep my better ones there.
As for safes I remember that most have a limited length of time protecting it's contents from heat from a fire.
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  #4  
Old 04-25-2018, 12:42 PM
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At what value does the Safety Deposit Box kick in ? Value a Safe kicks in ?
The safe deposit box kicked in for me when I picked up a T206 Plank. But with the current rise in prices, I would start when I got a Cobb Green.
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  #5  
Old 04-25-2018, 01:16 PM
ALR-bishop ALR-bishop is offline
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I was once the executor of an estate where estate papers were in box in a bank vault that flooded. Fortunately when water receded the box in question was above the water line. But half the boxes were flooded for an extended period and all paper items in them destroyed. Fire and earthquakes can be other issues. FDC and banks typically exclude coverage of box contents such that you need separate coverage if you want/need it.

http://r.search.yahoo.com/_ylt=A0geJ...1CbPsLVSWZau8-

Last edited by ALR-bishop; 04-25-2018 at 04:30 PM.
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  #6  
Old 04-25-2018, 04:02 PM
BruceinGa BruceinGa is offline
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I wonder if there are statistics as to the number of bank vaults that have suffered fire, flood and/or earthquake damage.
ALR-bishop, thanks for reminding us of the pitfalls with safe deposit boxes.
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  #7  
Old 04-25-2018, 04:06 PM
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Snapolit1 Snapolit1 is offline
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Quote:
Originally Posted by BruceinGa View Post
I wonder if there are statistics as to the number of bank vaults that have suffered fire, flood and/or earthquake damage.
ALR-bishop, thanks for reminding us of the pitfalls with safe deposit boxes.
I took a box out this week for the first time in lower Manhattan. As I was finalizing the deal the dude casually mentioned that the entire room he walked me through was flooded in Sandy and how although they've added precautions, if he was me and heard a big storm was coming would probably come collect his stuff. Gee, that explains why there was no wait to get a box at this particular bank.
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Old 04-25-2018, 04:29 PM
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for those of you with 20mins to kill...


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CAMNITZ HAH BACK RUN PROJECT:

T206 Camnitz (HAH) AB 460 / SC Fact 25 and OP / EPDG (Upgrade Needed)


T206 Magee Portrait
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  #9  
Old 04-26-2018, 07:07 PM
BruceinGa BruceinGa is offline
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Quote:
Originally Posted by Snapolit1 View Post
I took a box out this week for the first time in lower Manhattan. As I was finalizing the deal the dude casually mentioned that the entire room he walked me through was flooded in Sandy and how although they've added precautions, if he was me and heard a big storm was coming would probably come collect his stuff. Gee, that explains why there was no wait to get a box at this particular bank.
As I rode by my bank yesterday I made a point to see if it was in danger of a flood. To my relief the bank sits on top of a rise, and my box is abut 3' off the floor.
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  #10  
Old 04-27-2018, 08:10 AM
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Quote:
Originally Posted by Snapolit1 View Post
I took a box out this week for the first time in lower Manhattan. As I was finalizing the deal the dude casually mentioned that the entire room he walked me through was flooded in Sandy and how although they've added precautions, if he was me and heard a big storm was coming would probably come collect his stuff. Gee, that explains why there was no wait to get a box at this particular bank.
I would find another bank box.
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  #11  
Old 05-26-2018, 12:03 AM
jsq jsq is offline
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someone mentioned being worried about a flood at their banks safety deposit box. this is a valid concern.

we put our safety deposit box items in the large 2 or 5 gallon size ziploc type plastic bags. i think they are sold at target and walmart as bags to put clothes in?? or??? i forget exactly. are they water tight? i think so.

a friend lost some important and valuable papers via flood of their banks safety deposit box. they had no protection.

water in banks happens more often then you would think. just because your bank is on a hill doesn't protect you from a broken pipe!! in the building. or a fire that triggers the sprinklers in the buildings.

large plastic zip locks are cheap and easy to use and take up very little space in your box when your items are inside the bag.
good luck
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