?? Work at Pickup Points � Flexible schedule

Should you use a safety deposit box for your coins u0026 other valuables? Safety deposit box pros u0026 cons

TheCoinGeek 9 views

Download Video

Comments

It's SAFE deposit box, not safety deposit box Please just get it right On an unrelated note, it's water heater, not HOT water heater Americans really need to pay more attention We're not a bunch of kindergartners after all
Comment from : @buddlebj

What about private vault, rather than a bank deposit box{private safe deposit box
Comment from : @stephencopley3767

Nope! Stash at home And keep some guns!!!
Comment from : @banginzaza

I thought the State FDIC ensured all monetary possessions?? Interesting experiences on Safe Deposit Boxes for precious metals!
Comment from : @latoniaeilum1982

It's called a SAFE DEPOSIT box NOT safety deposit box
Comment from : @Squddle

I need help identifjng a coin that was given to me I can't match to any other coins Im seeing online
Comment from : @adelaidalara1763

Actually I've never used one before, but it is an interesting concept
Comment from : @shannonmccord1542

If it’s not in your physical possession, you have less/little rights to ownership of your belongings Whatever is in a bank has little guarantee besides a bank robbery Not in a million years would I trust a bank If anyone has a collection of value, it’s on you to buy a proper safe and protect yourself Any moment the government and bank can put a lien on your account or belongings
Comment from : @oldroywilson8564

Ana members can get insurance through Huge Wood that will cover their collection both in and out of a safe deposit box
Comment from : @musicman102357

That is the worst part about collecting coins you can not really put them out and display them
Comment from : @williamokeson2154

As you mentioned, for some people (unsafe neighborhood, untrustworthy family, etc) it might make sense For me, the cons far outweigh the pros Since COVID, my bank won't even let customers inside the building without an appointment 1000 lb safe and a home security system solved any need I might have had for a safe deposit box
Comment from : @douglaswilliams6834

Never heard anything about this thanks for sharing
Comment from : @josefigueroa3930

I love your channel brEven though I don't collect American coins
Comment from : @ss-mp8zu

Tough topic yah it’s safer in the deposit box but I like to look through my coins all the time Also most are in my safes but I have many hanging on the walls in display cases ect Just a risk I’m willing to take to enjoy them the best
Comment from : @tylonnplatinumthe3rd659

750 pound safe is cool Except when I have to move it
Comment from : @garethbates5044

Never give up physical possessionif SHTF everything in the banks will be GONE!!!
Comment from : @fissh29

IRS can put a lien on your box Bank ordered not to let you in
Comment from : @roadready2472

NEVER put you gold and silver in a safety deposit ox because after 2001 the patriot act allows all banks to go through your box at any time if they wish and you can do nothing about it The bank can confiscate all precious metals in the box and keep it as long as needed if they or the feds think you are doing something wrong and they can keep all precious metals as long s they like until they figure you are doing nothing wrong
Comment from : @Beachbumartist

Many variables to consider I have used one for years and never had a problem, so far 😃
Comment from : @Ontario100

This New York Times article is all you need to know know about safety deposit boxes: wwwnytimescom/2019/07/19/business/safe-deposit-box-thefthtml
Comment from : @pawpatrolnews