Could someone in your family, take over the collection?

Discussion in 'Coin Chat' started by ldhair, Aug 25, 2019.

  1. Mainebill

    Mainebill Bethany Danielle

    My wife knows a couple people to contact and has some interest herself but it’d alk probably get held for my son until he’s older and hopefully he’ll develop an interest too
     
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  3. JCro57

    JCro57 Making Errors Great Again

    As an error collector, it is even tougher for me to find someone to leave them to as few people like errors. I have no children (yet), three nephews who don't really care and are all slobs who don't take care of things, a niece who couldn't care less. My brother is 10 years older than me, my 2 sisters (both older) don't care. My wife won't want them.

    I am 46. I honestly have no one close to me who would appreciate them, either family or friends.

    I am seriously considering leaving them to a University under contract that they always be permanently displayed.

    It is also why I wrote a book about my collection. Hopefully it will be published soon.
    Screenshot_2019-07-07-07-49-56~2.png
     
  4. TheFinn

    TheFinn Well-Known Member

    No. Off to Ian at GC.
     
    coinsareus10 likes this.
  5. okbustchaser

    okbustchaser I may be old but I still appreciate a pretty bust Supporter

    They will run not walk to the local dealer where they will get maybe 30 cents on the dollar...and I'm fine with that. This is STILL 30 cents on the dollar more than it is worth to them.

    I didn't put the collection together for them. I collect for my own satisfaction.
     
    Last edited: Aug 26, 2019
  6. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    So here's the deal, I'm going to be burying my collection in a wooded area near my residence. I will leave instructions in a cryptic riddle to a good friend I have here on CT to post it in Coin Chat as soon as he knows I'm dead. At least, if I'm dead before him;)
     
  7. Eduard

    Eduard Supporter**

    I am lucky in that my family all share to some degree my passion for coins. They have precise instructions on what to do.
    - Keep the entire collection at the bank until they decide what to do: keep or sell
    - Refer to my constantly updated spread-sheet for approximate values.
    - Dispose of the coins, as needed, via the following channels: US and L.A coins via H.A, S&B, or Goldbergs. German and Roman coins at selected German auction companies.
     
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  8. ToppCatt

    ToppCatt ToppCatt

    If I can't take it with me, I ain't going.
     
  9. philologus_1

    philologus_1 Supporter! Supporter

    Yesterday I received "The E-Sylum" email which referenced a book that is totally relevant to this thread. As a result of seeing it in E-Sylum I ordered it. Now today I see this thread. Hmmm... is Someone trying to tell me something? ;-)

    upload_2019-8-26_10-11-27.png
    Managing & Settling a Numismatic Estate: How to Preserve or Dispose of a Coin Collection
     
  10. CoinCorgi

    CoinCorgi Tell your dog I said hi!

    Ya big baby! lol
     
  11. RonSanderson

    RonSanderson Supporter! Supporter

    My wife has a written document covering all accounts, debts, and this section about coins:

    Coins

    Sell the coins at auction. The easiest is Great Collections. If you go to the web site, and look at the top right, you will see Sell Coins. All you do is fill out a consignment form and send them all the coins. They prepare everything and manage the online auction. You should get back everything I paid for them.
     
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  12. John Skelton

    John Skelton Morgan man!

    My son revived my interest on collecting when he inherited his grandfather's collection. I now manage it for him, and I expect he will still be interested when I go. Do I don't have any worried there, thank goodness. Now I just have to get them better organized. You all have your collections under better control than I do. I still have some of the coins in plastic tubs.
     
    wxcoin likes this.
  13. wxcoin

    wxcoin Getting no respect since I was a baby

    I don't want to give my son too many details yet. I still want to live a few more years.
     
    Trish, ldhair, JCro57 and 2 others like this.
  14. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Y'sure your family won't drink the wine before hauling the coins & art down t' the local flea market?
     
    micbraun, wxcoin and PlanoSteve like this.
  15. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Just make sure she doesn't ship all coins in a single shipment . . . if something should happen to the parcel, she'd likely see no more than $25K back . . . no matter how she shipped it.
     
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  16. Joshua Lemons

    Joshua Lemons Well-Known Member Supporter

    I really haven't given it any thought, though most of my immediate family knows I collect. They also know that nothing in the coin chest is "spending" money. I'm 35 and I thought I had my nephew hooked but alas the Nintendo Switch won. Maybe he'll pick it back up later in life.
     
  17. funnycoins

    funnycoins no strike, no balls,no outs. Just give me an hour

    It will be tough with both bankers and lawyers in my brood. My instructions will be NO instructions as hopefully if I live much longer the TPG and crooked and bought valuations will be recognized as anti-trust and the Principles will be paying me! Otherwise the kids need to know how to crack out and use Coinstar before the recession ruins America altogether
     
  18. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Heck, if they want to drink the wine rather than sell it, have fun. 160 bottles of classified growth Bordeaux. It'll take them a while....
     
    funnycoins likes this.
  19. wxcoin

    wxcoin Getting no respect since I was a baby

    All I got is a bottle of Famous Grouse and a twelve pack of Spotted Cow. It won't take my son long to polish that off.
     
    Randy Abercrombie likes this.
  20. HaleiwaHI

    HaleiwaHI Active Member

    I left similar instructions in my will but to contact Bob Marino of (HA) Heritage. But I'm thinking many of you have much more of a collection than I do. I would guess my entire collection would be worth only about $100k
     
  21. micbraun

    micbraun coindiccted

    I think a $100K collection is quite an achievement. Are most of your coins graded?
     
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