Expert: Terry V Andreasen (Andy) - 10/24/2008

Question
Have safe in Falmouth,MA for 4 generations. Door marked "sold by Morris-Ireland Safe Co Boston. Combination lock made by Sargent and Green Lock. Dimensions: outside:34.5"Wx55.5"Hx27"D inside:25"Wx39"Hx16"D Need value estimate and sale potential. Buyer pays shipping costs.

Answer
John,

In order to rate your safe, I'm going to need photos.  They should include full exterior and interior.  Detail photos should include pictures of the dial, handles, hinges, artwork, locks, castors, cabinetry and any special details or damage.

Send the photos to:  andy@securitysafeusa.com

Rating Antique Value is based on several things, such as (but not limited to):
1.  Condition:  (excellent, good, fair, poor)
2.  Age
3.  Manufacture
4.  Type:  (Fire, Data, Burglary (bankers or jewelers)
5.  Construction methods:  (sheet steel, cast iron, composite, heavy steel/manganese)
6.  Size / Weight
7.  Art work  (original/refurbished/restored)
8.  History:  (documented with and without photo’s)
9.  Purpose of resale -  as an antique or for use as “Burglar safe or Fire safe“

Condition is based on different levels such as:
Excellent - Like new / out of the box
Good - Used but in like new condition/all parts available and work
Fair - minor damage, paint scratches, combo's and keys are available and/or doors are locked open.  Interior has minor damage.
Poor - Locked missing combo or keys, missing parts (ie locks, wheel packs) major damage, safe has been repainted over existing paint.  Interior damage, drawers missing, locks damaged, missing, etc.

The type of safe can change the value dramatically as Bankers & Jewelers safes are more sought after than cast iron record safes.

Purpose of "use"  If you are going to refurbish the safe and use it as an antique the value will be more than if you were going to use it as a "safe".  The reason being the safe was built 100 years ago, it would not stand up to current fire and burglary standards at all.
Value of your safe for fire and burglar protection would be $0 to $100 depending on condition.

Without seeing quality pictures of the safe it is difficult to answer the question concerning value, however that being said, most safes such as yours in fair condition usually go for $250 to $500.

If the safe has documented history and/or if you restored it to original condition you could significantly improve the value of the safe.

If you decide to restore it, I have some ideas that will be of help to you, but unless it is a really unique safe and/or you are really in love with it, you should plan on spending more than it is worth.

Remember that the majority of these safes were built prior to cutting torches and/or most of the electrical tools that we have today.  The do not meet current burglary or fire protection standards and as such should not be used for overnight storage of valuables such as:  cash, jewelry, valuable documents, guns or computer media (discs, thumbdrives, microfiche).  

Depending on how large your safe is you could use it as an interesting conversation piece or storage and display of collectible items that you may have.  Don't be afraid to convert the interior cabinetry over to a nice display cabinet of some sort.  A unique safe has more potential value.

If you are trying to sell the safe you have several options, such as Ebay or Craigs list.  You can try your local safe companies, but you should be prepared to sell it for far less than it may be worth.  The safe company is going to be interested in selling it at a profit, which they will not achieve by purchasing it from you for top dollar.

Don't forget to send me the pictures.

Andy