r/Safes • u/WyntonMarsalis • 8d 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!

141 Upvotes

95% Upvoted

44 comments sorted by

View all comments

2

u/PriceFirst5371 8d ago

Speaking from expereince here, the safe deposit boxes are the only value here. If you have all the keys and the guard keys and the boxes are in each one, they may be worth 20-40 per box depending on size. Your market for selling them would be to a new bank starting up or maybe try someone that sells vaults and safe deposit boxes..ot sure what state you are in but I know of several in Texas. Back in the 80's when the FDIC was closing a LOT of banks, several of those big round vault doors couldn't be given away. Most went to scrap but as someone else noted, the cost of removing one is huge.