I know I said I wasn't going to spend any more money, due to my short time left and no one in my family particularly interested in collecting, but I just couldn't resist, and have been buying Walking Liberty half dollars, at every chance I can. I've been putting in ridiculously low bids on things I'd like to get, and then hoping for the best. Well, here's one of my wins. Tell me what you think of condition and value of the collection. I will be posting the price I got it for later. Photos are theirs, and the best I can do for now. It appears all are in MS condition.
There are a few in there that look real nice. If I was on the hunt. I would probably give a bid of 400, and hope for a couple of gems.
Awesome set! You must be proud aa much as possible given your current circumstances. Wishing you all the best!
Thanks Mtn Man nice set, I cherrypick the 1946 & 1947D. I often think the same as you, but now rationalize that rather than $$$ I'll leave them coins and if they research to see what they're worth maybe they'll get interested and pass on rather than sell? Be well Mtn. $475
After I acquired the "short sets" for the Lincoln Cent, Wartime Nickel and Mercury Dime from the World War II era, I've thought about doing the same thing for the Washington Quarter and most especially the Walking Liberty Half Dollar, which is one of my favorite designs. The trouble is, you have to find a dealer who sells these coins raw. I would not want them certified. That is a very attractive set, @Mountain Man.
After reading your post it made me think twice about my future collecting plans. My only heir is my son who doesn't seem very interested in coins. Over the years I've given him a few nice certified classic coins in hopes that he would show an interest in their history. He seemed intrigued the time I gave him a cameo proof 3CN. This past Christmas I gave him Liberty half eagle; just another type that he's never seen. This past fall I sold a large portion of my collection to a LCS so I could concentrate on doing what I always wanted to do since I found an indian head cent in a bank roll in the late 60's. Right now I've been working on upgrading my NGC Indian Head Cent registry set (No Respect, No Respect At All), replacing lower graded with higher graded ones. The process is getting slower but entertaining as the search fills in spare time. My original plan was to call it quits in a couple of years and then sell everything. This post has made me realize that I shouldn't worry about what's going to happen to my collection if something unfortunate happens to me. The fact that I still enjoy the hunt tells me that I shouldn't give up what I enjoy just because my son isn't into the same things I am. I've already given him instructions on how to go about selling my collection if he doesn't want to keep it. I think that he would be unhappy knowing that I gave up something I enjoyed just because he wasn't interested. Who knows, after I'm gone, he'll be intrigued by the things I collected and found interesting.
The other advantage is that your collection will have a stepped up basis when it passes to your heirs. That way they will be no or less income tax when they sell it. The only problem is if you have a huge estate, in the millions. The inheritance taxes are quite high.
I don't have a huge estate and never thought of it even being near a million, but the way real estate has increased in value that number isn't out of the question if I live another decade. Although, a million in ten years won't be the same as a million today. As I side note, a bill was recently passed by the Wisconsin state legislature doing away with sales tax on coin and bullion sales. I sure hope the governor doesn't veto the bill.
A million already is not what it used to be. One million today is like $100,000 when our parents were in their prime. A few years ago I figured out that you needed to be a millionaire to retire comfortably. That includes a place to live and the income a 7 to 8 hundred thousand nest egg earns. The inheritance tax deduction is up to close to $13 million.
In the millions. Ha, ha, ha, ha. Lucky if it hits 6 digits, and that with the zeros for cents. LOL I just gave my land and cabin to a friend, so other than personal belongings, I have only my collection.
Okay, the reveal; $350 This just sold (https://www.ebay.com/itm/176135390250) for $1,750.00 And this is coming up; 1941 - 1947 SILVER WALKING LIBERTY for $1,430