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<p>[QUOTE="omahaorange, post: 1293885, member: 28199"]There is no one size fits all answer for what to do with a collection in this situations. It all depends on how much effort your heirs are willing to put into the liquidation. Getting top dollar for a collection of some magnitude is aiming too high in most instances, unless, as someone earlier suggested, they sell the stuff themselves. Some heirs may not be interested in doing the necessary research to do this. Any third-party seller will take fees and commissions, so this has to be taken into account. For any substantial collection, a lawyer should always be consulted. The best you can hope for is to designate who gets what, and offer some written advice on which direction to go. But ultimately, it will be the heir who decides how much effort to put into selling the collection.</p><p><br /></p><p>With that said, I would second an earlier poster's recommendation of the book <b><i>What to do With Grandaddy's Coins</i></b> by Jeff Ambio. While the style of the writing was geared toward a younger crowd, it did contain some good basic information. The book is inexpensive. I own a copy and keep it in the same cabinet as my collection. Let them read this before they attempt liquidation.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1293885, member: 28199"]There is no one size fits all answer for what to do with a collection in this situations. It all depends on how much effort your heirs are willing to put into the liquidation. Getting top dollar for a collection of some magnitude is aiming too high in most instances, unless, as someone earlier suggested, they sell the stuff themselves. Some heirs may not be interested in doing the necessary research to do this. Any third-party seller will take fees and commissions, so this has to be taken into account. For any substantial collection, a lawyer should always be consulted. The best you can hope for is to designate who gets what, and offer some written advice on which direction to go. But ultimately, it will be the heir who decides how much effort to put into selling the collection. With that said, I would second an earlier poster's recommendation of the book [B][I]What to do With Grandaddy's Coins[/I][/B] by Jeff Ambio. While the style of the writing was geared toward a younger crowd, it did contain some good basic information. The book is inexpensive. I own a copy and keep it in the same cabinet as my collection. Let them read this before they attempt liquidation.[/QUOTE]
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