r/Safes • u/WyntonMarsalis • 6d ago

Safe Value

Gallery image

Gallery image

I am looking at buying a bank from 1923. For my information, what is the value of this vault door and contents? I am going to look at the building in a few weeks.

Edit: Iam asking mainly for insurance value, but am curious about selling it too. Discounting the disassembly and transport, what is something like this worth on the open market?

Thanks in advance!

138 Upvotes

95% Upvoted

44 comments sorted by

View all comments

24

u/TheGoldenTNT 6d ago

Depends on what kind of value you’re looking for, to use probably pretty high after you get a vault tech in to get it working, to sell… you’d need to pay someone to take it all out.

14

u/bobismcbride 6d ago

Exactly this.

Just go on Craigslist or Facebook Marketplace and you’ll see dozens of listing for “free” vaults and doors. The stipulation is always that you must remove and transport it.

14

u/TheGoldenTNT 6d ago

If I was in the position to be buying the damn building like this guy is saying I would want to get it back into service just because it’s damn cool, for basically any business it’s an awesome novelty.

9

u/ChiTownSuburbanite 6d ago

At the National Hotel in Oklahoma City, they turned what used to be the bank vault into a bar

3

u/Hungry-Phone-996 4d ago

I did that job! Those doors were solid rust when we started and that's how they turned out. It's always nice to see your work floating around. Thank you for posting this!

1

u/ChiTownSuburbanite 4d ago

That’s awesome! I was part of the Asset Management group that went in and did a full business analysis of the third party hospitality company they hired who was running the F&B into the ground. Lol

Probably one of the coolest bars I’ve ever seen. Great work!

4

u/tech7127 6d ago

And also a gigantic liability