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<p>[QUOTE=&quot;Valentinian, post: 3402599, member: 44316&quot;]Right. Even more, they must have <b>an idea of what to do </b>with your coins. Your heirs will likely want to turn your collection into cash. If you yourself don&#039;t know how to sell your coins, how can they? Learn how to sell coins. </p><p><br /></p><p>To help them do that, I recommend you indicate somehow (I color code the flips) which coins are worthy of being auctioned individually. For a low-level auction firm, maybe a minimum of $50 per coin for the likely PR is necessary. For a high-end firm like CNG the likely PR would need to be more ($500 paper auction, maybe $150 for an e-auction) because the minimum fees are higher. Make sure they know which auction firm you have in mind for which coins, with its contact information. </p><p><br /></p><p>For coins worth less, or much less, you have a problem. It is not easy to get a good percentage of retail value out of coins worth less than $50. I invite you to take, while you are still alive to learn, a number of your under-$50 coins that you don&#039;t care much about anymore to a show and shop them around to dealers. Go with the attitude that &quot;I am going to sell these today&quot; and you will take the best offer, even if it is low (It will be.)&nbsp; It is not fair to use the time of dealers unless you are really willing to sell.</p><p><br /></p><p>If I inherited a collection of something I don&#039;t know well, I would be worried I would get ripped off when I sold it. I&#039;ll bet your heirs feel the same way. &quot;Dad put his life into this collection and they are only offering me x for it!&quot; Or, worse, &quot;The local dealer offered me x and I took it. I was glad to get rid of it.&quot;</p><p><br /></p><p><b>Tracking the retail value of your collection is of no use to your heirs</b>. Help them with what to do with it. Some coins deserve different treatment than others. Make clear which are which. Outline what to do with each category of coin, on paper, and give your heirs a copy. Until you have sold some coins, you can&#039;t know how best to sell them. Of course, you can do nothing and avoid the issue and give your heirs a problem they don&#039;t want.[/QUOTE]</p><p><br /></p>

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