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My Coin Collection Is Not Mine!

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Valued Member
United States
272 Posts
 Posted 03/20/2008  7:19 pm  Show Profile   Bookmark this reply Add OldGold to your friends list
I have often wondered this about gold coins people find while metal detecting. A single gold coin was worth alot of money back then, how could someone just lose it? Did a child take it outside to look at it in the light and lose it, was someone killed while holding it? I guess we will never really know, but I makes you wonder.
Pillar of the Community
United States
535 Posts
 Posted 03/20/2008  9:34 pm  Show Profile   Bookmark this reply Add karrlot to your friends list
quote:
One day, I'm going to bury a bunch of coins somewhere in the woods near my house. I'm going to leave a short note outlining my life, my collection, and the life of my collection. I hope that one day, 200 years from now, somebody digs it up and enjoys my coins as much as I do.



How much disaccant do you put in for 200 years worth of humidity?
Valued Member
United States
306 Posts
 Posted 03/21/2008  08:17 am  Show Profile   Bookmark this reply Add magusxxx to your friends list
"quote: . I hope that one day, 200 years from now, somebody digs it up and enjoys my coins as much as I do. "

".and it will distract them enough to dig no farther and find my old business partner who was stealing from the company."
Pillar of the Community
United States
2049 Posts
 Posted 03/21/2008  09:46 am  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list
Interesting thoughts and I too have wondered where my coins have been in the past. I dont have much at all in the way of high valued coins, so I dont wonder much if they were in someone's collection who was a wealthy individual or high profiled person. I wonder more about the circulated coins and what travels they have made. I daydream sometimes about the 1800's coins I have and imagine them having been used in the old west at a poker game in some saloon.
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189340 Posts
 Posted 03/21/2008  10:02 am  Show Profile   Bookmark this reply Add jbuck to your friends list
quote:
"quote: . I hope that one day, 200 years from now, somebody digs it up and enjoys my coins as much as I do. "

".and it will distract them enough to dig no farther and find my old business partner who was stealing from the company."



quote:
How much disaccant do you put in for 200 years worth of humidity?
Maybe it would be better to use high-tech modern vacuum sealed composite plastic container?


Regarding the topic, deep thoughts indeed. I think we all would do good to mentor an apprentice, relative or not, and hope our collections remain intact and even grow after we are gone.
Bedrock of the Community
United States
20753 Posts
 Posted 03/21/2008  1:14 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Lots of good about this post and something not to pleasant for me. I know full well that soon enough my entire coin collection will be dissasembled and probably dumped or sold. Possibly into a banks counting machine. I'm way up there in age, a recent cancer survivor, have other medical conditions and one son that has absolutely no interest in coins. All other relatives have now passed away. So just what will be the future of all my coins? I've lost interest in that subject I think, maybe. Seams like it is all a waste at times. Well over 60 years of coin and other object collecting and may well end up in an estate sale or even a garage/yard sale.
I know that at one time I was really interested in almost everything about all my coins. I had Excel spreadsheets discribing dates of acquisition if known, amount paid if known, or from change, dates, mint marks, grades and approximate values based on several sources and then an average value of those. Over the years I said to myself, SELF, why document all this if no one will ever read it, care what it says and probably dump the entire book and computer files. So I slowly eliminated most of the documentation. Now only have a list of type, date, mint and grade. Value? Why? At my age I've no interest in selling any, no interest in what they cost, no interest in total values or value of each coin. No interest anymore in where they came from, who had them, who handled them and what they did with them. Just getting old and enjoying several collections that all to soon will probably have something done to that I don't want to know about now.
Yes, I too am a holder of some objects for someone, somewhere else, sometime in the near future that too may have no idea of who I was, nor care.
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 Posted 03/21/2008  2:33 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
Just pondering some things here for those without an heir apparent for their "Kingdom of Coins"...

Adopt one or several of the members here, or adopt someone local that does or could have an interest. The goal is to find someone to respect not just the coins, but the collection. Your blood, sweat, and tears; your legacy.

You could stipulate that whoever gets the collection cannot break it up and they are encouraged to complete anything left undone. You might even sell off duplicates; include the proceeds to fund and encourage their continuation of your work.

You could give the entire collection to one person, or part it out, or just sell it outright.

You could stipulate that a donation (equivalent to the fair value inherited) is made to your favourite charities, in your name or anonymously. That way you can give the collection away without having to sell it for money you do not need when you are gone.

You can make any rules you want; these are just some things that come to mind.
Valued Member
United States
69 Posts
 Posted 03/21/2008  2:57 pm  Show Profile   Bookmark this reply Add small change to your friends list
Just Carl, maybe you are right and your coins will end up dumped by someone who just cares about cash and not the history or work that it took to put it together but maybe not. All we can do is enjoy our hobby and the pleasure it brings to us. I am new here but I have enjoyed your posts to all the questions I and others have asked. I guess in the end we never know who we have helped along the way but I am sure with over 1800 posts that you have helped many. It's not just putting coins together in a book but enjoying the hobby and people that have come into our lives because of it. Thanks for the help you have provided. Getting sentimental, time to get back on topic, sorry

Small Change
Bedrock of the Community
United States
19964 Posts
 Posted 03/21/2008  3:52 pm  Show Profile   Bookmark this reply Add BadThad to your friends list
WOW....it's funny you posted this because I've been thinking that for a long time. The coins last virtually forever, I'm just holding them for another collector someday.
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Pillar of the Community
United States
974 Posts
 Posted 03/21/2008  5:35 pm  Show Profile   Bookmark this reply Add Nelrak to your friends list
This is too true...we are just holding these for someone else in the future.

Reading Carl's post made me think and I think from now on when I sell or trade a coin, I am going to type up a little "Pedigree" starting with me to the new owner so they have an idea on why and how it came into my possession and with the hopes they will pass it along to the next owner with their information added and so on and so on. That will put some use to all of our documentation and before they sell it rather than seeing a box of coins they can read about how it came to be in that box!

FOR Example, I guess you can get as detailed as you want:

"This 1950-D nickel was bought by me when I was 10 years old in 1975. It was the last nickel I needed for my nickel collection. I used to save my allowance, $2, and buy a roll of nickels a week looking for one. I ended up saving up my allowance and my dad took me to Treasure Island Coins on Bardstown Road in Louisville, KY and I purchased it for $7.25. I was so proud to finally finish that set and have my 50-D nickel!"

I'm not necessarily saying do this for every coin but ones that mean something to you personally. This way 100 years from now people may find it interesting where the coin came from rather than looking at it and saying "wow that's a neat old coin" and realize it brought joy to others throughout it's existence.
Edited by Nelrak
03/21/2008 5:43 pm
Rest in Peace
United States
2884 Posts
 Posted 03/21/2008  11:03 pm  Show Profile   Bookmark this reply Add Mike to your friends list
I guess these are just part of the bigger picture in that every earthly item we "own" is really only on loan! Great topic!
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6563 Posts
 Posted 03/21/2008  11:20 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list
everything I have is mine cause I kept the receipt

Welcome back Mike!
Valued Member
United States
328 Posts
 Posted 03/22/2008  02:00 am  Show Profile   Bookmark this reply Add gbchaosmaster to your friends list
Hmmm, this dime could've been in John Lennon's pocket...
Valued Member
United States
164 Posts
 Posted 03/22/2008  05:53 am  Show Profile   Bookmark this reply Add rohumpy to your friends list
I bought a 1955-S Lincoln Cent, uncirculated, red in a holder with the thought of taking it out and completing my second cent folder. Then I found I just couldn't destroy the red luster. There are only a certain number of them out there. I just couldn't destroy one.

What I am getting at is that I agree that we are only the custodians of our coins. We would not have what we have if someone else had not saved them.
Rest in Peace
Australia
661 Posts
 Posted 03/22/2008  06:47 am  Show Profile   Bookmark this reply Add muckeye to your friends list
Welcome back Mike, missed the 'putty kat' pictures.
Great topic, made me a bit sad but agree with all the statements. Got to get me an apprentice.
regards.
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