After weeks, months, or even years of searching for your next collectible, it has finally arrived--now what? Once you're finished admiring your latest acquisition, where does it live? Who knows you have it? How many people have access to it? Have you even thought about these questions?
A secure storage plan for your collection should be established before you make your first purchase, but if you're already a decade or more into the hobby with a few full shoeboxes stuffed in a closet, stay with us. For maximum security, storing your collectibles off-site at a safety deposit box or within a vault at a secure storage facility is recommended. However, we recognize not everyone has the ability or desire to store things off-site. Afterall, it makes the midnight ooh-ing and ahh-ing over your prized collection a bit more difficult when it's not within reach.
If you must keep your coins, currency, or bullion at home, we recommend ensuring they're properly stored within a TL-30 safe or better.
As the saying goes, "failing to prepare is failing to plan." We never want to think about the "what ifs" that might happen in the event of a home invasion; however, we are going to share some things to better position you, should the unthinkable happen.
Here are a few must-dos when thinking about how to store your coins and paper money:
- consider secure off-site storage solutions
- if you must keep items at home, store within a TL-30 safe or better
- notify your insurance company and add items to policy
- take photographs and keep invoices/ receipts of all purchases
- limit individuals with access to valuables
- avoid sharing information as to the value, storage location, and details about your collection with anyone...even those you think you can trust.
Of course, these are only a few of the recommended precautions to take when securing any items of value; further recommendations that are specific to your collection and storage location may be suggested.