Expert: Terry V Andreasen (Andy) - 12/17/2008

Question
How much is a Waltz & Safe Co. San Francisco safe worth?  It is approx. 4 feet tall by 3 feet wide by 3 feet deep.  I have no idea how much it weighs, I can't budge it and it's on wheels.  It is in good condition, but I don't know the year it was made.  Is it worth keeping? Is there an origination plate somewhere on it?

Answer
Dan,

Waltz Safe Co., SF, was not a safe manufacture, they were distributors.  The first thing we will need to do is identify your safe.  Having the actual manufactures name, the age and the condition of the safe will go along way towards rating the safe and assigning a value to it.

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 on your camera.

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.

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).  

Hope this gives you a little more info, send me the pictures and we will see what we can do.

Andy
andy@securitysafeusa.com