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<p>[QUOTE=&quot;GDJMSP, post: 1349810, member: 112&quot;]What is happening is that you are coming to grips with the reality of the situation, something that happens with just about every estate there is. And that is why in the end what usually happens is that the heirs just take the coins to a dealer and accept whatever he offers them. And usually, that isn&#039;t going to be much.</p><p><br /></p><p>And the truth of the matter is that the vast majority of collections like the one you describe are not worth much. Too many people, including semi-knowledgeable collectors, have the idea that their collections are worth a good bit of money - but they really aren&#039;t.</p><p><br /></p><p>You see, most collectors collect based on emotion, not value. The very act of collecting means that they have to &quot;fill the hole&quot;. Emotion drives people to try and find bargains. So they buy whatever they can afford - to fill the hole. That means they end up with an average, common date coin, that wasn&#039;t worth anything to start with. So of course years later, it&#039;s still not worth anything. In fact most collectors lose money when their collections are sold. Very, very, few ever show any profit. </p><p><br /></p><p>But for a collector, most of them anyway, it&#039;s not about the money. It&#039;s the act of collecting itself that matters to them. The simple act of finding or buying all of the Lincoln cents or all of the Jefferson nickels and filling those holes in the collection fills an emotional need for that collector. And that is what they are trying to do in the first place.</p><p><br /></p><p>Of course most of them fool themselves into believing that they will in the end make money on their collection. They do that because that too fills an emotional need they have. To believe otherwise would mean that they are throwing their money away and nobody wants to believe that. It is however, sadly the truth.[/QUOTE]</p><p><br /></p>

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