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Grandpa's Coin Collection, Inherited.

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Pillar of the Community
collectall's Avatar
Canada
610 Posts
 Posted 08/11/2009  4:17 pm  Show Profile   Bookmark this reply Add collectall to your friends list Get a Link to this Reply
Yes! use extreme caution.This happened to me when I was new at collecting.40 years ago I had my most valuable coins stolen RIGHT OT OF MY HOUSE.(There was no break in)I told too many people what I had!
( I had an idea who stole them)(A very close friend)
Valued Member
david mackenzie's Avatar
Canada
183 Posts
 Posted 10/03/2010  6:27 pm  Show Profile   Bookmark this reply Add david mackenzie to your friends list Get a Link to this Reply
The price of silver is up.Bag and label the high grades,melt the rest and upgrade with already graded coins.That is what I am doing now.
New Member
USMC7579's Avatar
United States
19 Posts
 Posted 10/03/2010  8:43 pm  Show Profile   Bookmark this reply Add USMC7579 to your friends list Get a Link to this Reply
Or you could sent them to me for safe keeping....... :) Just Kiddin. Nice of Grandpa to leave you something so well put together and from his effort. RIP Grandpa. Hang on to your collection, Grandpa is look down upon us now.
Valued Member
Canada
150 Posts
 Posted 10/04/2010  11:18 am  Show Profile   Bookmark this reply Add HawkC026 to your friends list Get a Link to this Reply
Wow, what a great collection of coins you inherited mclayton, thanks for sharing the pictures

If it was up to me, I would hold on to the collection although I would probably send a few coins from each denomination off to be graded just too get a rough idea what everything might be worth.
Pillar of the Community
Colhand1's Avatar
United States
629 Posts
 Posted 11/23/2010  09:08 am  Show Profile   Bookmark this reply Add Colhand1 to your friends list Get a Link to this Reply
If you have an interest in coins than you have a nice collection that will give you an education as you learn to grade and catalog the various types that they may reveal to you.
If you don't have an interest than, sell the entire collection. Determine how many ounces of silver you have and what silver spot is and take it to the dealer. At the least, that is what he will give you and for you it is a free gift of money. But take that money and invest in something like gold bullion and you will be ahead of the game in the long run. It will be easier to store and gold is going nowhere but up in value.
Your grandfather had his fun in building the collection. He would want you to do with it as you want.
Valued Member
coggie59's Avatar
United States
253 Posts
 Posted 11/23/2010  1:42 pm  Show Profile   Bookmark this reply Add coggie59 to your friends list Get a Link to this Reply
What a great collection I'm with the camp of "keep them" sending them off to a third party service. and passing them on to future generations. Your grandfather had a real good time assembling that fine collection. As I have mine I would hope that my progeny would hold on to mine and not sell it off for melt

IMHO Coggie
New Member
Canada
40 Posts
 Posted 11/26/2010  4:53 pm  Show Profile   Bookmark this reply Add curtis to your friends list Get a Link to this Reply
...and this is how the sickness is passed from one generation to the next. This is exactly how I got into collecting coins. Have fun going through your collection - its a nice way to still feel connected to the ones no longer with us.
Bedrock of the Community
United States
10284 Posts
 Posted 11/26/2010  6:45 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Coin collecting is hereditary! Awesome collection!
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