Help-Appraisal needed

Discussion in 'Coin Chat' started by Alandhorowitz, Feb 14, 2019.

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  1. Alandhorowitz

    Alandhorowitz New Member

    Agreed-the lawyer says they need to be gifted and then appraised and then sold-I dont know how to accomplish this
     
    Alandhorowitz, Feb 15, 2019
    #21 + Quote Reply
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  3. Kasia

    Kasia Got my learning hat on

    If sounds like maybe you give each charity half the physical coins, they (the charities)get them appraised, and the charities have to sell them. Run that sequence by the lawyer for clarification. Perhaps the charities have the resources for this.
     
    Kasia, Feb 15, 2019
    #22 + Quote Reply
  4. calcol

    calcol Supporter! Supporter

    You might consider just walking away from being an executor. If you are not a beneficiary and it won't cause too much family discord (ask critics if they would like the position), what's the point? If your uncle didn't see fit to provide for you, what's your obligation? Because you appear to have already performed some duties as an executor, consult a lawyer before withdrawing. I think it's safe to assume that the charities which are beneficiaries would take on the job as executors if you withdraw. However, it would be up to the state or court to decide.

    Cal
     
    calcol, Feb 15, 2019
    #23 + Quote Reply
    frankjg likes this.
  5. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    Burton Strauss III, Feb 16, 2019
    #24 + Quote Reply
  6. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    This. ^^^
     
    TypeCoin971793, Feb 16, 2019
    #25 + Quote Reply
  7. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    Or not... the one investment (air quotes) he's showed us was purchased for ~1900$ in 1994 and is selling for ~1300$ now.
     
    Burton Strauss III, Feb 16, 2019
    #26 + Quote Reply
  8. frankjg

    frankjg Well-Known Member

    That was the total for quantity of three.
     
    frankjg, Feb 16, 2019
    #27 + Quote Reply
  9. GDJMSP

    GDJMSP Numismatist Moderator

    Alan - given that you have now told us what this collection is made up of, I completely agree with the comment I quoted above. Stacks and Heritage would probably have no interest in this collection whatsoever.

    I would do exactly as Jeff suggested and contact APMEX or Provident.
     
    GDJMSP, Feb 16, 2019
    #28 + Quote Reply
    ToughCOINS likes this.
  10. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I think you should also contact the following (in the listed order) for their level of interest in your uncle's coins:

    Minshull Trading (310) 544-4400

    North Bay Rare Coin (707) 287-1919

    Mish International Monetary, Inc. (650) 324-9110

    I think all of the above will pay greater premiums than will APMEX, Provident or the other bullion houses.

    Tell'em Mike sent you.
     
    Last edited: Feb 16, 2019
    ToughCOINS, Feb 16, 2019
    #29 + Quote Reply
  11. Alandhorowitz

    Alandhorowitz New Member

    I really appreciate all your help!
     
    Alandhorowitz, Feb 17, 2019
    #30 + Quote Reply
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