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Liquidation of Coin Collection by Heirs of the Deceased
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<p>[QUOTE="Vess1, post: 1295141, member: 13650"]Doesn't anybody carry life insurance policies anymore? Savings? Why should the collection need to be sold? I've got enough life insurance on myself that if anything happened to me, the collection can sit there until somebody comes along that wants it. That may be a grandkid or a great grandkid. I would rather they have the collection then the cash derived from the sale earning 0.25% interest in the bank for them.</p><p><br /></p><p>My grandfather was not a big collector. But he did save several Morgans, Peace dollars, Kennedy rolls and a couple rolls of silver quarters. After he passed, did anybody in the family feel we needed to run out and cash these in? Small amount. Would have been easy to do. </p><p><br /></p><p> No. I have them stashed away. More value to me than the cash. And if I needed cash I wouldn't sell them. What's the point? After you spend it, you need more. Now you have no assets to sell and you have to find some other way to get money again anyway. You're in the same boat with no assets.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1295141, member: 13650"]Doesn't anybody carry life insurance policies anymore? Savings? Why should the collection need to be sold? I've got enough life insurance on myself that if anything happened to me, the collection can sit there until somebody comes along that wants it. That may be a grandkid or a great grandkid. I would rather they have the collection then the cash derived from the sale earning 0.25% interest in the bank for them. My grandfather was not a big collector. But he did save several Morgans, Peace dollars, Kennedy rolls and a couple rolls of silver quarters. After he passed, did anybody in the family feel we needed to run out and cash these in? Small amount. Would have been easy to do. No. I have them stashed away. More value to me than the cash. And if I needed cash I wouldn't sell them. What's the point? After you spend it, you need more. Now you have no assets to sell and you have to find some other way to get money again anyway. You're in the same boat with no assets.[/QUOTE]
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