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 Replies: 21 / Views: 2,830 |
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Pillar of the Community
Russian Federation
5178 Posts |
Quote:Do you mean this one? http://goccf.com/t/369684 Thanks! That seems to be it. Looks like the further search was interrupted by Covid... hope things got better. |
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Moderator
 United States
189767 Posts |
Quote:Has Anyone inherited A Truly Exceptional/Valuable Coin Collection? ... Not talking about sentimental value, just pure market value or super high grade. Nope.   |
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Pillar of the Community
Canada
5255 Posts |
There simply aren't very many exceptional coin collections, period. At least not as a fraction of the population. So very few people inherit exceptional collections. 1 in 100 thousand people? Who knows? Few collections last more than 75 years or so, thus the inheriting opportunities remain static and low. At my LCS, perhaps 1 in a 100 people selling their stuff has a real collection, rather than a few bags of loose coins, some partly completed folders and a box of mint products. In the last few years, the biggest collection was one of world coins that might have had a retail value of $30,000. They have had people bring in over 10 ounces of gold but I would not call that a collection.
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Pillar of the Community
 United States
7293 Posts |
Based on some of the regular posters on here, I think there are a few exceptional collections on here. A lot of them say they will die with there set. So none of them got a head start from a parent/grand parent?
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Pillar of the Community
United States
3281 Posts |
This is rather difficult for me to remember, but I'd say about four years ago, my grandfather pasted away. He was a huge coin collector. Sadly I wasn't able to explore said collection as it did not go to me. It went to his sons I believe, which I'm not that close too.
While I did not inherit it, I know for a fact that it was valuable. From what I heard, he had hundreds and hundreds of silver coinage (not just dimes either, a lot of dollar coins). He also had some fractional gold pieces which I was able to view. Can't exactly remember WHAT they were, but I do know he had quite a few gold pieces and they were valuable.
I do not 100% know his collection's value, but I can say with confidence that it exceeded $10,000.
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Pillar of the Community
Canada
5255 Posts |
Yes there are a few exceptional collections here. At least one of the members here sold his truly exceptional collection, meaning that will not be inherited. Many if not most of such collectors want to make sure that their estate doesn't have a problem to plan for its disposition or sell it prior to their death. |
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Rest in Peace
United States
18456 Posts |
Quote:So did you or do you know of someone that inherited a valuable or exceptional collection . Wow , you left me wide open for this one . Not yet but my Grandchildren will in the near future .  |
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Pillar of the Community
United States
1058 Posts |
One high-bore inheritance that ultimately brought over $75K was described and closely watched in this CCF thread: 1915 Panama-Pacific SetWhile not precisely an "inheritance," this thread about a serendipitous "find" has been keeping many of us in a similar state of vicarious suspense: 1652 New England Willow 3d?That little coin, I believe, is now at Stack's awaiting disposition. Happy hunting, everyone! Tom
"If everything seems to be under control, you're just not going fast enough."
--- Mario Andretti
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Pillar of the Community
United States
7293 Posts |
Quote:
One high-bore inheritance that ultimately brought over $75K was described and closely watched in this CCF thread: 1915 Panama-Pacific Set
What a great thread! Thanks for posting it. That was what I was asking about! |
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Pillar of the Community
United States
7293 Posts |
Quote:
Wow , you left me wide open for this one .
Not yet but my Grandchildren will in the near future Tony don't forget about your friend on the west side of the Hudson.  |
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Moderator
United States
189767 Posts |
Quote:
So none of them got a head start from a parent/grand parent? While I might call my first two Ikes an exceptional and valuable coin collection, most would disagree.  |
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Rest in Peace
United States
18456 Posts |
Quote:
Tony don't forget about your friend on the west side of the Hudson. Ok , no problem but you might have to go diving for them .  |
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Pillar of the Community
Canada
5404 Posts |
In all the years of being a coin dealer (1977 to date) in
Canada , I can count on two hands truly exceptional
Collections , lots that have passed through our hands .
A huge reason , most Canadians from the end of WWII
on had very little REAL disposable income , unlike our
American cousins !
MOST collections , lots , hoards , etc. that we are offered are
of bullion or minimal collector value coins that were taken from pocket
change or roll searching .
One unbelievable highlight was buying two 1921 Canada Five Cent
Silver coins on the same day from two different people !!
The best collection I ever had the opportunity to appraise , a World
Collection @ 600 K that was distributed amongst heirs .
Few and far between are nice Numismatic treasures in Canada !
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Pillar of the Community
United States
3343 Posts |
A wise coin dealer once told me that estates that came into his shop as "collections" were actually just "accumulations". And usually worth a lot less than the seller thought they were. This same dealer also showed me a really nice old coin book estate set of Morgans which he traded for Krugerrands. He had no dog in the fight, graded and priced fairly, and didn't compete with his customers as a cherry-picking collector.
In my role as executor, my dad had an accumulation of modern US proof sets, dating from 1985 and later. No one in the family had any interest in them so I liquidated them and put $15,000 in my mom's bank account. One of the silver coins was actually a scarce issue and worth $700, but 95% of the value was in the gold coins....and not much above bullion.
From this I learned that gold coins were intrinsically valuable, provided that they could be purchased without outlandish premiums. I also learned that modern base metal proof sets are worth about $5.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
12/17/2021 8:44 pm
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Pillar of the Community
United States
4680 Posts |
I wouldn't say the collection I inherited was "truly exceptional" compared to most that have popped up on here or in the news, in regards to monetary value. It was certainly no hoard or accumulation, but well organized, thanks to my great grandmother/father, grandfather, and years later, work me and my grandmother put into it when I was growing up. Majority made up of classic US coinage , some moderns, a small-decent world collection (they traveled A LOT), and NO gold! No need to get into specifics, but north of 5 figures. There were plenty of holes to fill, many/most of which I have completed and started/ finished my own albums. It will continue to stay in the family (if my kids show any interest later, one already has). And even though this thread is monetary related, it has more sentimental value than any $ put on it. |
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Posted 12/15/2021 12:00 pm
