If you are growing your coin collection as an investment, eventually the safety of your collection will be a top priority. I have seen various methods of hidden storage and various security measures. Here are a few ideas to help keep your coins safe and secure.
· Safe Deposit Box
Keeping your most prized possessions at the bank is a very secure way to safeguard your collection. The only drawbacks are the yearly costs (which is normally quite cheap) and not having 24 hour access to your coins. I know many collectors that put only their high value coins in the vault to guarantee security.
· Home Safe
A home safe is a great way to protect your collection. I advise against small lightweight safes as it would be easy for a would-be thief to walk off with the entire thing! Gun safes are heavy, sturdy, and often provide a great deal of fire protection.
· Hidden Spaces
Many people hide their collection in boxes or tubs marked “Christmas” or “Photos” or something that would not gather attention from a criminal. Make sure to hide them somewhere that nobody will think to look. I have seen books for sale on building hidden compartments in your house that only you have access to. This is a great way to hide your collection “out in the open”.
Always remember not to advertise to family and friends how much your collection is worth or exactly what you have, as one person tells another who tells another, and next thing you know, you have unwanted company searching your house for your hard earned treasure.
Keep collecting and stay safe!
