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Antique Safes/Info on Schwab Safe

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Expert: - 12/17/2008


Question

Schwab Safe front view
I have a safe that is marked THE SCHWAB SAFE CO., it was used in a pharmacy in a small town in Utah. There were papers in it that have a date of 1927, such as a list of medicines. The dial says YALE and the handle has the numbers 64 then 853. It is 47 inches tall, 28 inches wide and 25 inches deep. It is on castors that raise it about 7 inches off of the floor. I have the combination and it opens fine. It has been opened at one time by a locksmith, who drilled a hole and reset the combination. Can you tell me how old it is, is the lock original and what it would be worth?

Answer
Laura,

You can contact tech support at Schwab to get an accurate age for your safe, but it looks like late 1800's early 1900's to me.  Schwab has been continuously in business since 1872.  Tech service is:
E-Mail: ts@schwabcorp.com
Phone: (800) 537-6927
Hours: Monday through Friday - 8:00 am to 5:00 pm EST


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.  
Please use as high a resolution as possible.  Pictures which are low resolution, out of focus, or from a distance don’t help when we try to evaluate the container.

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“

We try to be as objective as possible, but ultimately the value is determined by the motivation of the buyer and seller.

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.

I'll get back to you with an evaluation once I have the photos.

Andy
andy@securitysafeusa.com

Terry V Andreasen (Andy)

Expertise

Safe and Vault related Questions; Antique Safe Repair and Restoration; With over 40 years in the Safe & Vault industry, if I can't answer your question I know where to get the answer. Current Project: Restoration of two Tilton & McFarland Safes from the 1860's. Will answer Safe & Vault related questions concerning age, value, restoration, moving, opening & repairing, parts, operation and history. Note: It is not my intention to teach you to open safes or to provide information which may aid in the unlawful opening of a safe. I will not give out drill points or information which I deem inappropriate.

Experience

40 years in the Safe & Vault Industry. Service Manager for one of the largest Safe & Vault companies on the West Coast. Graduate of Lockmasters Safe Lock Servicing, Safe lock Manipulation and Safe Deposit Lock Courses. Graduate of Locksmith Institute. Certified Instructor for the California Locksmith Association teaching Basic and Advanced Lock Servicing, Basic Safe opening and Repairing. Factory Trained by AMSEC, LORD Safes, LeFebure, Mosler, KabaMas, LaGard and Sargent & Greenleaf

Organizations
Safecrackers International and the National Antique Safe Association

Education/Credentials
Graduate of Locksmith Institute 1972 Graduate Lockmasters Safe Lock Servicing 1974 Graduate Lockmasters Safe Lock Manipulation 1975 Graduate Lockmasters Safe Deposit Lock Servicing 1985 Instructor Certified - California Locksmith Association - 1985 Factory trained by AMSEC, MAJOR, STAR, Johnson-Pacific, Kaba-MAS, Allied-Gary, ISM, Lord, Brown Safe, EXL, Mosler, Diebold.

Awards and Honors
2009, 2010 & 2011 Listed in AllExperts top 50 Experts. All Experts Categories - Safes & Security Containers, Locksmithing, Antique Safes. Retired US Army Reserve Chief Warrant Officer (CW3), with 32 years of total service. With numerous awards from Vietnam, Desert Storm and Operation Iraqi Freedom. US Navy - 1971-1981 US Army Reserve 1984-2006 US Army Retired Reserve 2006-present

Past/Present Clients
US Secret Service, FBI, BATF, Local Law enforcment agencies, Diebold, Hamilton Pacific, Red Hawk Int., Chubb International, Bank of America, Wells Fargo Bank, Mechanics Bank, El Dorado Savings Bank, many Credit unions and smaller banks. McDonalds, Togos, BurgerKing, TacoBell, Carls Jr. FoodMaxx, SaveMart, Lucky's, Albertson's, Raley's, Safeway, NobHill, Bell Markets, PW Markets. Great America, Century Theatres, Cinemark Theatres, UA Cinemas, and many homeowners and small businesses. Provide warranty service for lock and safe manufactures. Service area is Northern California - Fresno to Oregon, including western Nevada

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