The Most Common Coin Storage Mistakes

Security isn't just about thieves. It's about access and environment.

Mistake 1: The Safety Deposit Box

Never put gold in a bank box.

1. NO Access: If the bank closes on Friday at 5pm, you can't get your money until Monday. (In a crisis, banks close first).
2. NO Insurance: FDIC insurance covers cash accounts. It does NOT cover the contents of boxes.
3. Seizure Risk: In 1933, the government sealed bank boxes to confiscate gold.

Mistake 2: The Backyard Burial

It sounds romantic. It is practical suicide.

1. You Forget: "I'll never forget where I put it." Yes, you will.
2. You Die: Does your wife know exactly which tree to dig under?
3. Metal Detectors: Trespassers with $500 detectors can find your life savings.

Mistake 3: The "Hidden" Spot

Hiding coins in the freezer or the toilet tank? Thieves know these spots. They watch the same movies you do. Get a bolted-down floor safe.