Safety Deposit Box Plunge

[jcmtiger]

Originally Posted by Archive

Posted By: T206Collector

Well, I took the deep plunge into a nice safety deposit box at my bank this morning. It fits no more than 26 SGC graded cards. So, at the bank with my 50 or so best SGC cards, I sat in a little private room -- like Jason Bourne -- going through them trying to determine the 26 best, i.e., the ones that would be hardest to replace even if I got the insurance proceeds from a fire, theft, etc. It was an interesting exercise, being forced to choose the best 26 cards. I suppose it was easier than having to choose the top 5 or 10. But still, there were a couple of good cards cut at numbers 27, 28 and 29 and up into the 30's. Alas, this will just have to do because I did not want to spend more than $100 annually on the box.

I suppose at some point I'll want to drop some anti-moisture crystals in there. Perhaps a few precious documents and other heirlooms that can still fit between the cards. All in all, an interesting experience and I feel much better knowing that I'm no longer sitting on $15,000-$20,000 of hard to replace baseball cards.

If these cards are valuable cards pay more & get a larger box Joe

[mrreality68]

Originally Posted by jcmtiger

If these cards are valuable cards pay more & get a larger box Joe

Hi
It is tough. I have upgraded twice. It seems as I get a bigger SDB I see more space and find a way to fill it up.
Scary part I may need to get another or a larger sometime next year

[russkcpa]

I had 2 large SD boxes costing me around $250 per year. I also supplemented that with a large policy with Collectibles Insurance that was costing me around $1500 per year. I had enough anti desiccant packs for every member of Net54 world. I would empty my boxes twice a year, look at my beautiful cards and change the anti desiccant packs (even though they showed no evidence of being saturated) This year (on my insurance anniversary date) I sent 32 items to Ken Goldin and their vault. I actually liked the presentation from PWCC but the whole issue with Ebay turned me off. Ken Goldin and Frank DeNote were fantastic and now my cards are safely in the Goldin vault and insured by Goldin for the values I assigned. I can go into my "vault" and look at my cards day or night. I realize that using Goldin will charge me a 1% withdrawal fee should I want them back. I also realize that it will be an incentive to sell with them. When the time comes to sell my 4 top cards I will receive a negative 10% seller commission. I am very happy with Goldin auction results......an auction house where honesty and integrity are a given.