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re: Tips from MT Coin Collectors

Posted on 1/17/13 at 8:42 pm to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65144 posts
Posted on 1/17/13 at 8:42 pm to
quote:

Do you keep your coins at home or in a bank safe deposit box?


Too much stuff for a Safe Deposit box. I keep them in a small fireproof safe (good stuff) and then a few lockable boxes. We have a home alarm though. It's not safe but it's just what I do. I like being able to come home and just look at it. Or take pictures like today. I also dropped a fricking box on my shin.
This post was edited on 1/17/13 at 8:44 pm
Posted by lilyankems
Member since Sep 2004
679 posts
Posted on 1/17/13 at 8:56 pm to
Some of the pictures posted in this thread of Ebay purchases are not great conditioned coins. Are the purchases being made due to being able to pick them up for cheaper than silver spot pricing in hopes of making a return if silver jumps up with the economy? I have been collecting for 20 years and have always gone by quality over quantity. Will post pictures soon.
Posted by Great Plains Tiger
Member since Sep 2005
237 posts
Posted on 1/17/13 at 9:32 pm to
I kept most of mine at home until last year when the collector in Gonzales was robbed and killed for his coins. After that mine went back to the safety deposit box.

Also, I agree with the previous poster to go in after quality, not quantity. I have a price guide from 1969 and the stuff that was expensive then is expensive now and the good stuff appreciates at faster rate. Of course, when you are new to the hobby it's a lot more rewarding to see a full allbum than empty space.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 1/18/13 at 8:15 am to
Broke, how did you go about getting most of your coins? Coin shows? Ebay? Interwebzz?

I keep all, ha ha, of my coins in a fireproof safe right now. I also have an alarm on my house, soooo I feel pretty good about having them at the house for now. I too, like being able to look and hold them once or twice a week.

I have no plans to sell anything I have unless it could make me a multi-millionaire, so in other words, I will not sell them. For me, it is more trying to start something to leave for my family that could be passed down for generations. I want to leave more than just a check or money. Something with some sentimental value.
Posted by Lsut81
Member since Jun 2005
81474 posts
Posted on 1/18/13 at 9:13 am to
quote:

Too much stuff for a Safe Deposit box. I keep them in a small fireproof safe


I don't have near what you have in regards to valuable pieces, mainly just bulk, but I have mine in a 800lb gun safe. I honestly wouldn't feel comfortable in anything less.
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