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<p>[QUOTE="Heliodromus, post: 8002373, member: 120820"]Indeed. Unless you have a child who is hankering to take over your collection (and not just to sell it), or are planning to donate it, then we all either are, or IMO should be, planning to sell our collections at some point, or at least provide some very specific instructions in our wills how some other poor individual, not interested or knowledgeable about coins, should sell them without getting completely ripped off.</p><p><br /></p><p>I think selling a large and maybe valuable coin collection of ancient coins would be a pretty unpleasant burden to put on an heir. I was reading recently of the Swedish practice of "death cleaning" whereby towards the anticipated end of their life many Swedes will start to de-clutter and de-accession so as not too leave to much burden and emotional decision making process for their spouses and children.</p><p><br /></p><p>One doesn't have to have unrealistic dreams about making a large (or any) profit when we eventually sell our collections, but at the same time I think it makes sense to have eventual resale at the back of your head when buying coins. For myself I try to buy most coins at a good price, such that hopefully there'll at least be minimal loss when they are sold. On rare occasions I may knowingly overpay for a rare coin, realizing this is money spent on the hobby (cf golf club fees) that will never be recuperated.</p><p><br /></p><p>My end game is certainly to sell at some point in retirement (not any time soon!), but not before I have published my collection (or at least used some/many of them to illustrate the coinage of Constantine) which is one of the major goals of my collecting.[/QUOTE]</p><p><br /></p>
[QUOTE="Heliodromus, post: 8002373, member: 120820"]Indeed. Unless you have a child who is hankering to take over your collection (and not just to sell it), or are planning to donate it, then we all either are, or IMO should be, planning to sell our collections at some point, or at least provide some very specific instructions in our wills how some other poor individual, not interested or knowledgeable about coins, should sell them without getting completely ripped off. I think selling a large and maybe valuable coin collection of ancient coins would be a pretty unpleasant burden to put on an heir. I was reading recently of the Swedish practice of "death cleaning" whereby towards the anticipated end of their life many Swedes will start to de-clutter and de-accession so as not too leave to much burden and emotional decision making process for their spouses and children. One doesn't have to have unrealistic dreams about making a large (or any) profit when we eventually sell our collections, but at the same time I think it makes sense to have eventual resale at the back of your head when buying coins. For myself I try to buy most coins at a good price, such that hopefully there'll at least be minimal loss when they are sold. On rare occasions I may knowingly overpay for a rare coin, realizing this is money spent on the hobby (cf golf club fees) that will never be recuperated. My end game is certainly to sell at some point in retirement (not any time soon!), but not before I have published my collection (or at least used some/many of them to illustrate the coinage of Constantine) which is one of the major goals of my collecting.[/QUOTE]
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