Stack storage

[walesdave]

Hi All,

Not being nosey about your personal circumstances, but my sovereign stack is getting reasonably substantial and I'm sort of wondering about home security etc.

Currently my stack is in my (BSI/ Police approved) gun cabinet, but if  I remember rightly, the BSI rating is only for defeating a burglar for 5 minutes using hand tools.

I'm thinking about renting a safe deposit box but the only place near me is a private company (rather than a bank) and I've been made a bit nervous by the safe deposit heists that have been in the news.

The  wife  says to sell the lot and bank the cash; this is NOT an option  .

I know there's no right or wrong answer, just asking for thoughts.

Cheers

David

 

 

 

[Scuzzle]

If it were me I would stick them in Steredent tubes, gaffer tape them up to the wall where it meets the ceiling and slap up some ceiling coving over them.  Then you know exactly where they are, nobody is ever going to think to look for them there.  Admittedly you can't easily access them and it might be a little messy when the time comes to get to them but as far as somewhere to keep them safe that's actually in your home that you will remember where they are and nobody else will ever think to look it's pretty good.

 

[Kman]

Not to be too obvious, but the best security is secrecy, if no one knows you have them no one knows to look for them 

I think things are better hidden than in a safe, as long as you remember where you hid them

[Silvergun]

A metal box bolted to the ceiling joists in the loft and covered in fibreglass , then install an alarm system in the loft . 

[KDave]

Telling no one, or as few people as possible about your wealth, then hiding it and telling no one about where it is. Personally I am more concerned about fire than I am about burglary. You can get some pretty small fire safes that can be hidden away, even portable ones that can be hidden so best of both worlds. Just remember to leave a treasure map of some description somewhere so your inheritors can find your stack should you escape earlier than planned  

[StackemHigh]

What's in your stack? If you have silver upgrade to gold or another more expensive metal you like. If you already have gold, go gold numismatic and increase the value of the metal as opposed to quantity. 

The smaller the stack the easier it is to hide. Small portable fire safes hidden around the home I find is a sensible precaution to take. 

[HighlandTiger]

Buy silver cutlery and put it in the cutlery drawer in your kitchen. Never seen any burglar ignoring your 60" tv and laptop to knick your teaspoons instead

[StackemHigh]

Just watch out for the Goddards food poisoning in your tea ☕. 

Just saying! 

[Roy]

Let's say you had a fire and your stack was caught in it, it would still retain its value wouldn't it? By value, I mean spot 'or melt' price, or % of.

Only the numismatic value would be gone.

Sure, you'd have to do some scientific trickery but all would not be lost...would it?

I guess worse case scenario is that your 1819 is now worth the same as your 2015 and your Libertad is worth the same as your milky Maple?

[Danny-boy]

Let's say you had a fire and your stack was caught in it, it would still retain its value wouldn't it? By value, I mean spot 'or melt' price, or % of.

Only the numismatic value would be gone.

Sure, you'd have to do some scientific trickery but all would not be lost...would it?

I guess worse case scenario is that your 1819 is now worth the same as your 2015 and your Libertad is worth the same as your milky Maple?

Indeed.

Silver melts at about 960 degrees C, with gold at 1060 degrees.

Although some fires can hit that, most house fires are accepted to be around 700 degrees.

They may be black, but they are unlikely to melt.

[sovereignsteve]

The caps, coa's and cases wouldn't be a pretty sight though.