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<p>[QUOTE="rodeoclown, post: 1295289, member: 34005"]I agree with 10gary22. If you have a collection and perhaps no longer collect but holding on to it to pass down after your death, I'd say start unloading it yourself instead of passing on such a task to the heirs. I just lost my father in September (he left me the coin collection that was really jointly ours because we have no intentions of selling them ever) but it was a hassle with just dealing with bank accounts, IRA's, investments and the death itself. You're just putting another burden on top of the burden of death itself by leaving coins behind for them to sort out and possibly get what they're worth. What they're worth now even might not be the same when you pass, so whatever values you might have bought them for could be more or less their actual value. If the heirs know nothing about coins, you're just going to make it that more complicated for them and in their mind, they'll think whatever you paid for them is exactly what they're worth and if they end up being less, they're gonna have a hard time unloading them and if they end up being more, they might get screwed based on today's values you document or what you paid for them.[/QUOTE]</p><p><br /></p>
[QUOTE="rodeoclown, post: 1295289, member: 34005"]I agree with 10gary22. If you have a collection and perhaps no longer collect but holding on to it to pass down after your death, I'd say start unloading it yourself instead of passing on such a task to the heirs. I just lost my father in September (he left me the coin collection that was really jointly ours because we have no intentions of selling them ever) but it was a hassle with just dealing with bank accounts, IRA's, investments and the death itself. You're just putting another burden on top of the burden of death itself by leaving coins behind for them to sort out and possibly get what they're worth. What they're worth now even might not be the same when you pass, so whatever values you might have bought them for could be more or less their actual value. If the heirs know nothing about coins, you're just going to make it that more complicated for them and in their mind, they'll think whatever you paid for them is exactly what they're worth and if they end up being less, they're gonna have a hard time unloading them and if they end up being more, they might get screwed based on today's values you document or what you paid for them.[/QUOTE]
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