Expert: Terry V Andreasen (Andy) - 11/20/2008

Question
Have a very old family safe. Belonged to my great-great grandfather who lived from 1835-1913. His name is on it. Rusted badly, artwork gone, used to say Keystone Safe on front. Dimensions: 18.5"W,29"H,20"D,4"wheels. Need to move it out. Value estimate?  Any info on Keystone Safe? Thanks

Answer
David,

I don't have any references to a "Keystone Safe Co.,".  They may have been a seller and not a manufacture.  Send me photos of your safe and I'll attempt to identify it for you.

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 Safe 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.

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.  If you really like the safe, and it isn't in the way, it would make a great end table/conversation piece.  If the inside is serviceable and not in too bad shape, you could convert it for use as a Humidor or small wine cabinet for those red wines that like the dark and a constant temperature.

Andy
andy@securitysafeusa.com