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<p>[QUOTE="Cloudsweeper99, post: 177118, member: 3011"]LuckySHot,</p><p><br /></p><p>If you are just getting back into collecting, you probably shouldn't have offered to estimate the value for the estate. I know from experience that being an executor can be very tough, and beneficiaries can really get bent out of shape by relatively small amounts of money if they feel a distribution is not fair. Probably what you can do is use the Redbook and your personal grading standards to come up with a "value" for the collection; but clearly indicate to the executor that (1) this is a Redbook valuation, (2) grading is subjective, and (3) that your quote probably represents an amount significantly higher than what could be realized in a sale. Make sure the executor recognizes that coin values change daily, and that there are frequently enormous bid/ask spreads between what you get for a coin when it is sold and what you have to pay when you buy. If you don't do this, the exector may mistakenly use your number for a purpose it is not suited for, and someone will get hurt.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 177118, member: 3011"]LuckySHot, If you are just getting back into collecting, you probably shouldn't have offered to estimate the value for the estate. I know from experience that being an executor can be very tough, and beneficiaries can really get bent out of shape by relatively small amounts of money if they feel a distribution is not fair. Probably what you can do is use the Redbook and your personal grading standards to come up with a "value" for the collection; but clearly indicate to the executor that (1) this is a Redbook valuation, (2) grading is subjective, and (3) that your quote probably represents an amount significantly higher than what could be realized in a sale. Make sure the executor recognizes that coin values change daily, and that there are frequently enormous bid/ask spreads between what you get for a coin when it is sold and what you have to pay when you buy. If you don't do this, the exector may mistakenly use your number for a purpose it is not suited for, and someone will get hurt.[/QUOTE]
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