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A person can place just about anything that will fit in a safe deposit box in one. Holders of these boxes are granted complete privacy by the financial institutions where they're located. Someone could store cash, jewelry and other valuables, savings bonds, deeds to property and information about an inheritance there.
You're better off keeping the following items out of your safe deposit box: Passports. Only copies of living wills, advanced medical directives, and durable powers of attorney. Valuables you have not insured. Cash. Anything illegal.
Some documents to consider keeping a safe deposit box are: Birth certificates. Marriage certificates. Title papers for your vehicle. Deed to your home. Important legal documents. Paper bonds and stock certificates.
The safe deposit box is a storage space you rent from the bank. Its contents are kept private, and the bank doesn't know what you put in there.
You'll be left alone in private in the vault when you use your safety deposit box. As such, the bank won't know what you put inside your safety deposit box. Banks also won't vet your items which is another reason why safety deposit boxes aren't insured. The bank doesn't even know what valuables are kept inside.