Storing a collection

[Brent G.]

If you can't enjoy it at home, I don't see the point in any of it. I have coverage through State Farm and send one updated list each year. Easy process, very reasonable rate.

[raulus]

With CIS, there is a requirement to list any individual pieces that are over a certain value threshold. If memory serves, the threshold is $25k. While that’s a big number, the way values have moved in the last 5 years, my guess is that a lot of stuff that used to be under that threshold now might be well above it.

Personally, I keep my stuff at home, and the important stuff is displayed so that I can see it every time I walk into the room.

[Brent G.]

Originally Posted by raulus

With CIS, there is a requirement to list any individual pieces that are over a certain value threshold. If memory serves, the threshold is $25k. While that’s a big number, the way values have moved in the last 5 years, my guess is that a lot of stuff that used to be under that threshold now might be well above it.

Personally, I keep my stuff at home, and the important stuff is displayed so that I can see it every time I walk into the room.

That's what I'm talking about -- it's that daily interaction that makes it special to me.

That individual item threshold with State Farm is $1,000.

[LEHR]

Originally Posted by Brent G.

If you can't enjoy it at home, I don't see the point in any of it.

This right here!
To each their own but I've always thought why even own the stuff if you can't see it and handle it any time you want to? If I feel things need to be vaulted or stored in a safety deposit box due to value then I'd rather just not own it. Hell, I could just collect scans of other peoples stuff and save myself a mountain of cash. IMO, insure it and enjoy it like you would a collector car or a piece of expensive art.

[notfast]

Half in a safe deposit box, half at home.

[ALBB]

Originally Posted by Brent G.

If you can't enjoy it at home, I don't see the point in any of it. I have coverage through State Farm and send one updated list each year. Easy process, very reasonable rate.

Yes, I agree !

[balltrash]

I would suggest a mix of all of the above once you hit a certain cumulative value level. I used to keep everything at home but it just got to be too much weighing on my mind.

I have two safe deposit boxes and am opening a third this weekend. They are near my home and if I decide I'd like to look at things or need to retrieve something that process, including a drive back and forth, takes less than half an hour. The peace of mind is immense.

And you have no worries about light getting in. The boxes close and then get placed within their own metal slot and locked behind a solid little door. Nice part is that still allows some air flow.

Contrast that with my safe at home...I had a scare last week when I opened it and was immediately hit with a musty odor despite having several dessicant packages inside. Not sure what happened but I removed everything, wiped down the interior, and will not be using it again until I have time to call the store it was purchased from to discuss.

And my insurance premiums are kept in check by use of the safety deposit boxes. Way less risk for an insurer when the stuff is locked away.