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<p>[QUOTE="illini420, post: 807529, member: 19423"]My family knows very little about coins. That is another reason that I like to purchase certified coins as it helps protect my coins from my family in the event of my death. The slabs will protect them from being damages, cleaned, etc. and the slabs will keep them from being undergraded by the purchaser to some extent. </p><p> </p><p>In my estate planning documents I made it pretty easy for the family. I have the names of a few dealers who know me well and who I trust without question to listed with instructions fof the family to call one or more of them up and hand over just about the entire collection for liquidation. I specifically provide approval for the dealers to be paid reasonable compensation for their services in selling the coins. I also have a couple of specific coins that people have told me they wanted from my collection when I'm ready to sell. I have left instructions for those coins to be first offered to those persons by the dealer(s) who are chosen to liquidate my coins. Finally, I listed the file name and location on my computer of all of the file that has all of my cost basis information on the coins so that the family will have a rough idea of what each coin was worth when I got them. </p><p> </p><p>I tried to make it as easy on the family as possible to get rid of my coins and tried to protect them from getting ripped off in the process. Leaving it all up to one or more trusted dealers seemed like the best way to do so as the fees paid to them in compensation will likely be less than the mistakes my family would make without their guidance.[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 807529, member: 19423"]My family knows very little about coins. That is another reason that I like to purchase certified coins as it helps protect my coins from my family in the event of my death. The slabs will protect them from being damages, cleaned, etc. and the slabs will keep them from being undergraded by the purchaser to some extent. In my estate planning documents I made it pretty easy for the family. I have the names of a few dealers who know me well and who I trust without question to listed with instructions fof the family to call one or more of them up and hand over just about the entire collection for liquidation. I specifically provide approval for the dealers to be paid reasonable compensation for their services in selling the coins. I also have a couple of specific coins that people have told me they wanted from my collection when I'm ready to sell. I have left instructions for those coins to be first offered to those persons by the dealer(s) who are chosen to liquidate my coins. Finally, I listed the file name and location on my computer of all of the file that has all of my cost basis information on the coins so that the family will have a rough idea of what each coin was worth when I got them. I tried to make it as easy on the family as possible to get rid of my coins and tried to protect them from getting ripped off in the process. Leaving it all up to one or more trusted dealers seemed like the best way to do so as the fees paid to them in compensation will likely be less than the mistakes my family would make without their guidance.[/QUOTE]
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