Could someone in your family, take over the collection?

I also thought about slabbing some of my coins, but then the cost became prohibitive. At around $16 per coin (depending on value) it's just not worth it.

 

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I would say that about 20% of my collection I took out of my change while growing up. Like people today, I put my change in a jar and never spent it. Who knew that quarters, dimes & half dollars were 90% silver? And the gazillions of IH penny's and IH nickels were valuable? We just collected them cuz they were cool looking. Not to mention all the silver certificates I collected.

 

I don't necessarily have someone right now that would actively manage the collection as a coin collector, but if I died tomorrow (I'm 41) I wouldn't have to worry about my heirs getting ripped off.

As someone else said earlier in this thread - they're not interested, but not dummies.

My wife isn't a coin collector, but absolutely knows there is significant value and can smell BS in pretty much any circumstance. So, if she ended up with it, she'd either just sit on the collection or divest it in an appropriate manner.

Plus, my 11 yr old son has a keen natural sense and interest for 'value' and would be a good caretaker of it even now.

 

Back in 1963 my dad and his brother inherited their bachelor uncle's estate. He wasn't a wealthy man but had two five gallon buckets full of nickles, dimes, quarters, and halves. I was only 8 at the time and not yet interested in coins. My dad and his brother didn't collect coins either and took all the change to the bank. Once I got interested in coins I always wondered what treasures lied in all of that change.

 

I mostly try to let my heirs know what i have giving them already. I give my find to my grandbabies soon as i get. We talk. They know. 22 is my oldest. I'm different cuz i don't collect. But this does bring us together. We just had our family's picnic and this Grromm20 member gave me 10ea. p+d 2009 dimes. Gave them away at picnic. They cared more about those dimes then cake. I had never ever got a 2009 dime. Not sure if any grandbabies had found any either.i was a rock star that day.

 

See. Thats why i do what i do. Plus i get hugs and kisses

 

As a matter of fact, the coins are stolen and only a small fraction of the collection now exists, much of which I added to as a gift to the old man. But in general, there are a number of collections and there are safes and off site storage now which I have the keys for, and which in some cases, I have the only complete access. In addition, we've been forced to have this conversation for a couple of reasons. First, my father is getting older and for that matter, so is my mother. He has cancer, bone cancer, and in addition, as a healthcre worker, so he has worked through COVID-19 despite being vulnerable. This has forced us to have several conversations about the status of many assets, and many have been either moved to me, or I have information to aquire but them and the knowledge needed to get them and maintain them, including and most especially the webserver and mail servers.

 

excellent

 

My wife has specific instructions on where to take my coins if something bad happens. Pretty simple I selected an appraiser she will see for liquidation. The proceeds are split between her and my 2 sons.

None of them collect or care about the coins. So I prefer they be released for other collecors. Thats what I've instructed.

 

I'm trying to teach my cats what to do with them.

 

umm - how often has yair wife listening to yair specific instructions while you've been alive?

 

Rarely. I went to the grocery this morning with her. She tried to put a teeny bottle of bleach in the cart. I had to explain "cost per oz" if she buys a lg. bottle. Pretty sure we've had that conversation before.

She said she's gonna put me in that commercial with the guy in the candle store talking about overhead. Says I act just like him.

 

An old post that was revived, but an important thing to think about. I was just discussing this with my adopted daughter and discovered her fiancé is a collector. To what degree, I have no idea. I think I'll do what my mother did and put little pieces of tape with persons name that I want things to go to, not my collection, but other things. My collection, I have typed instructions on how to handle it, but on second thought, I'll take the damned thing with me. LOL

 

Don't be Koi! Lol,

 

It is funny this thread was revived when it did. I was just contacted by a co-worker's whose step-father passed. They knew I collected and wanted help sorting through his collection as they knew nothing of Morgans, Peace dollars, or anything else other than they were old coins and would be worth more than cashing them in at a bank. This man was a hoarder and had a bit of everything! The whole thing gave me a thought of, "I better leave my wife instructions!" I would just hate for her to see some of my collection and go, "Well, I'll just turn it in to the bank," when she would be better to have appraisal and liquidate the collection to make her more comfortable.

 

Mine is cataloged on the computer with prices I paid, etc. but my wife just keeps saying she’s going to spend it at face value.

 

Given the average lifespan for my wife's direct ancestors and mine, I plan on making sure my sons are knowledgeable about my collection as I am likely to survive her by a good distance.

 

I plan to liquidate my collection before I get much older. No collectors in my family and I really don't want to leave one more thing for them to deal with.

 

Good question. Interesting thread Idhair. I do not know if I should divide it among my sons or just give the whole thing to one son, the son whom it means the most. The only thing I have of value with my coins are my gold coins.
Now my baseball cards were already priced by my youngest and he wants to sell some off straight way and get others graded first. So he is not getting the French Francs as a package,

 

So sorry to hear about 'Dads' condition.......tell him he is in our thoughts and prayers.