| Author |
 Replies: 76 / Views: 10,671 |
|
|
|
Pillar of the Community
United States
870 Posts |
Wait...I can't take it with me?!?  |
|
Bedrock of the Community
United States
20753 Posts |
Quote:
jc-
What model is the convertible? I used to drive my folks nuts, pulling my 65 newport into the grudge at about 20mph when I reached the door. That photo is of my 67 Imperial. Back then not a Chrysler although most parts were from Chrysler. I also have a 68 Newport Convertible with about 32,000 miles. Add on a 75 Camero, 81 MonteCarlo, 2004 Malibu and the insurances are killing me. In case anyone wants to know the Imperial gets about 7 to 9 miles per gallon of gas. |
|
Pillar of the Community
United States
3592 Posts |
Quote:
Back then not a Chrysler although most parts were from Chrysler I'm curious justcarl...what was it if not a Chrysler ? (All the reference books I've seen say 1967 Chrysler Imperial) |
|
Moderator
 United States
188542 Posts |
Imperial (automobile)  Quote:
The Imperial name had been used since 1926, but was never a separate make, just the top-of-the-line Chrysler. In 1955, the company decided to spin it off as its own make and division to better compete with its rivals, Lincoln and Cadillac. Now that this has been said, let's try to not make this a car thread. 
|
|
Pillar of the Community
United States
2764 Posts |
I've post a thread on the Precious Metal section regarding an auction over the weekend for the Los Angeles County Treasury/Tax office (the auction was conducted by a private company)- usually there are multiple estate being auction off at once. If you look at the lot tag, there's a name going along w/ it.
What was so intriguing is that there's one estate come from a man. He had amassed: "2,500+ Troy Ounces Of Silver Coins & Bars Sold In 60 Lots: 1,600 1oz Silver Coins; 1oz, 5oz, 10oz & 100oz Silver Bars; Grain & Gram Bars & Coins; 1lb & 1 Kilo Silver Coins; Limited Edition & Foreign Silver Coins. . .; (Set of 4) US Eagle Gold Coins, (1) Miniature 1980 South African Krugerand, (1) $50 Canadian Gold Coin; (4) Boxes of 500 ea. Uncirculated 2005 Buffalo Head Nickels; 2 Coils of Approx. 25 Ounces Each Fine Silver; 200+ Pennies; Assorted US & Foreign Coins & Currency" PLUS about 200 knives/dagger/bayonet from WWII/etc. I believed he continued to acquire the silver to as late as 2004 since some of the Maple Leaf was dated 2004.
The auction went pretty well where all lots were sold at or above silver spot price + the buyer will have to pay 15% buyer fee + about 10% sale tax. However, the sad part is: The LA County Treasury will take a share (at least 15% to 25%, I assume), the Auctioneer company will take a share (at least 15% or so as I was told) so all in all, about 40% or so will go to the next-of-kin of the decease, as I was told by one of the employee. In this case, his sister in Germany. The only reason: He did not have any will or trust so the government took over.
About two weeks before this, I've read in a section of the OC Register, also about this issue and there was one homeless man w/ $100K+ in investment bank died in a dumpster, in ragged clothing (they assumed he was looking for can food)......
Lesson learn & my #1 to do item this year: Have a Living Trust and or Will filed w/ copies in the SB + instruction on how to liquidate the coins if needed - like some have mentioned.
In the mean time, my wife doesn't want to get into this "coin collecting thingy", so my hope is to one day spark some interest in my daughter....
Edited by SA4H
03/12/2012 4:51 pm
|
|
Rest in Peace
1988 Posts |
My wife would sell it and buy a new pair of shoes....   |
|
Valued Member
United States
117 Posts |
>Tomorrow you are found deceased via natural causes. Ever wonder what will happen to your Coin Collection?After I'm dead I don't care what my heirs do with my collection. After all, I'll be dead! 
|
|
Pillar of the Community
United States
6385 Posts |
A long-time member of our coin club died suddenly last month. He had a large collection of valuable certified currency, plus many classic copper coins and dozens of platinum eagles. He was divorced, lived alone, and had two adult children. The daughter doesn't live nearby and the son (who does live in town) has some disabilities.
The son reported that a local part-time coin/currency dealer who had dealings with the deceased showed up and announced that he was the executor of the collection and would arrange to liquidate it. This came as a surprise to the son who never heard of this arrangement and could find no documentation that his father had approved this. Fortunately the son rejected this "offer" and has found some more reputable dealers to assist him.
Take it as a cautionary tale: make sure your family knows your intentions and prepare a comprehensive list of at least the major parts of your collection. I'm not certain the dealer who wanted the executor job was a con artist, but it is possible. If you want your collection to benefit your heirs you need to guard against those who might try to fleece your family while they are still grieving.
|
|
Pillar of the Community
United States
3546 Posts |
Quote:
...fleece your family while they are still grieving. And believe me there's a lot of 'fleecers' out there to dodge.  |
|
Valued Member
United States
422 Posts |
My wife doesn't know all the coins I have but, for some crazy reason she seems to know the value of them.
|
|
Pillar of the Community
United States
1628 Posts |
My collection would go to my son, who also collects. I had talked to him about me getting some of my coins certified so he could get the most for them, and his reply was "like I'd sell them!" So, I guess if he doesn't need fast money down the road, my collection will be kind of a family heirloom.  |
|
Pillar of the Community
United States
6478 Posts |
My mom would find a way to spend the coins, if my dad doesn't get to them first, but then after he dies, well. Who knows.
|
|
Pillar of the Community
Russian Federation
5173 Posts |
Quote:
I haven't decided what I am going to do with my collection for three reasons:
1. I am only 26-years-old as of this writing.
2. I don't have a wife or kids.
3. I don't know what I'm going to do with it all.
I do have a 2-year-old niece who I adore, so if anything were to happen to me at a young age, I may want her to get all my valued possessions. But if I have to write a will early, I will make sure that I state specifically the value of the coins I have and what to do with them. Basically,  except 23 years old, and 9 year old brother, respectively. Realistically, my immediate relatives will probably spend the random circulation coins, but these don't actually make up a big part of the collection... and I don't think there's much to sell either. Most likely, they find some nice collecting friends and give it all away. Edited by january1may
10/29/2015 06:24 am
|
|
Valued Member
United States
467 Posts |
My coins will be sold if I die suddenly. Alas, not one person in my family has any interest. They will take my stuff to a local coin dealer and get whatever he offers them, this I know. I should probably educate them better so that they have an idea...but then the wife will know how much I have been spending haha! But assuming I live to a planned age- I have always planned on selling my stuff when I truly retire...that is part of what makes me feel okay about plunking down $650 bucks for a Mercury dime. It makes me happy now and I will get $650 (in today's dollars) when I sell it when I retire. But I always wonder if that is a pipe dream. I was at my local coins store the other day and the owner was telling me that 17 of his best customers have died in the last two or three years and it is a dieing hobby and that if he actually relied on his store for living income, he would already be closed. It was quite a depressing conversation and got me thinking about supply and demand and will the value of my key dates go down over time as more and more collectors die? Maybe I should just get out of it and find another hobby that is less expensive (collecting bottle caps?) and just use the money from selling my coin collection for something else. I don't collect for investment, but I also don't want to lose half of the value of my collection in the coming decade or two before I retire. |
|
Pillar of the Community
United Kingdom
2624 Posts |
I hate to imagine...
I am the only one who knows how deeply I got into this hobby...and what the value of my items are.
If I was to die whoever found my collection would at least have some information on what I have. Everything is logged including what date I acquired it and what it cost me. I am not planning to die in the near future though I must think about making some sort of last will and testament. (You come into the world with nothing, if you can go out owing money then you made a profit)
|
| |
Replies: 76 / Views: 10,671 |
First Page
Previous Page
Posted 02/14/2012 8:55 pm
