"Colbyt" wrote in message
m...



Great place to keep small, irreplaceable items, stock certificates or the
like. Keeping cash in one is not legal if I recall correctly. Old coins
or the like is not the cash I mean.

It's widely believed keeping cash in a safe deposit box is illegal, but
apparently there is no such law.

http://www.ehow.com/list_6758956_rul...sit-boxes.html


Cash Storage
•Despite the popular misconception that the IRS has barred the practice, it
is perfectly legal to store cash in a safety deposit box. Many bank
customers stored cash in safety deposit boxes during the Great Depression,
fearing the closure of their banks. The use of safe deposit boxes to store
cash is still legal, and is now sometimes used as a way to avoid paying
taxes on the money, according to Bankrate.com.