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Posted 06/04/2015 8:34 pm
I think your grandchildren are far too young for to consider leaving them your coin collection as a legacy to you. They barely know you now and perchance you die before they can really get to know you and your passion for coins there would be no sentimental reason for them to keep any coins that are left to them or to become coin collectors themselves. As they get old enough to comprehend how coin collecting can be a fun and rewarding hobby then take to the coin shops and coin shows they will let you know if they have any interest.
Collectors are born with a desire to collect something, if there is no desire at an early age then it probably will not be be there later. The majority of people inheriting coins do not keep them. Some coin collections are kept because it was grandpa's or dad's by non collectors for a generation or then it gets sold.
I have no children. No one else in my family collects coins. One of my brothers just last year began to buy .999 anything, silver rounds, silver eagles and such. I gave a Morgan dollar to his son for his birthday many, many years ago and he still has it. I have talked to him about buying coins for the future and he said maybe later. He is 27 I think. He will probably be the one who will ultimately get my collection. I know he is aware of how much I enjoy collecting coins and I know he would not just run down to the nearest coin shop and sell them as soon as he got them. I will recommend he not sell the coins until he retires as many of the coins I have have very good investment potential. I have a few silver eagles and no .999 rounds and bars.
Collectors are born with a desire to collect something, if there is no desire at an early age then it probably will not be be there later. The majority of people inheriting coins do not keep them. Some coin collections are kept because it was grandpa's or dad's by non collectors for a generation or then it gets sold.
I have no children. No one else in my family collects coins. One of my brothers just last year began to buy .999 anything, silver rounds, silver eagles and such. I gave a Morgan dollar to his son for his birthday many, many years ago and he still has it. I have talked to him about buying coins for the future and he said maybe later. He is 27 I think. He will probably be the one who will ultimately get my collection. I know he is aware of how much I enjoy collecting coins and I know he would not just run down to the nearest coin shop and sell them as soon as he got them. I will recommend he not sell the coins until he retires as many of the coins I have have very good investment potential. I have a few silver eagles and no .999 rounds and bars.
Edited by Gyrene7483
06/04/2015 8:40 pm
06/04/2015 8:40 pm
