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Where Is Your Collection Going After You Pass Away?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 25 / Views: 3,505Next Topic Page 2 of 2
Pillar of the Community
Russian Federation
5181 Posts
 Posted 04/11/2015  1:30 pm  Show Profile   Bookmark this reply Add january1may to your friends list
Considering the sheer mess that my room looks like, and our ongoing plans to eventually move out of our current country before it becomes too much of a dystopian hellhole (and, for that matter, our export laws, which don't look kindly on leaving the country with lots of old coins... even if they're mostly old foreign coins) I won't be surprised if I lose my collection well before I pass away.
Also, I believe in the Singularity, so I do not intend to die of old age anyway.

That said, assuming the collection is still with me by then, I do expect that I'll eventually find some relative who would like it (perhaps a kid or grandkid of my younger brother; at some point, it looked like the brother himself is interested, but now that he's 9 he doesn't seem to be as interested anymore - of course it could still change later).
Bedrock of the Community
Canada
10743 Posts
 Posted 04/11/2015  3:57 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list
@ justcarl..
Quote:
Just not sure where it all will go.


Send it to me carl and I'll look after it, especially, those 10 sets of Lincolns....
Pillar of the Community
United States
2543 Posts
 Posted 04/11/2015  4:18 pm  Show Profile   Bookmark this reply Add denco7 to your friends list
I voted "other" because you don't have an option for "who cares, I'll be dead"

I enjoy it. It relaxes me, it gives me a feeling of pride and satisfaction and really, after I am dead, who cares where it goes. I know I won't.
Pillar of the Community
United States
2850 Posts
 Posted 04/11/2015  4:18 pm  Show Profile   Bookmark this reply Add WheatBack to your friends list

Quote:
Then sell today, because you might be gone tomorrow. You don't get to choose the timing.


Oh well, I guess I won't be getting that vacation then.
Pillar of the Community
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Canada
5404 Posts
 Posted 04/11/2015  5:09 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
Hopefully be able to sit in the auction room with a cold beer in my hand and laugh at the stupid amounts it will all bring. Then when the auction firm cheque clears, give all of it to the SPCA. It will be my way of saying what great joy animals have given in this life.
If this doesn't work out ...............honey there all yours enjoy!
Rest in Peace
United States
18456 Posts
 Posted 04/11/2015  7:18 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list
In the very beginning I said I'll hand them down to my grandkids. but lately that doesn't look like a good idea as none of them has an interest in coins. nor do I know anyone that does. It's like I collect
samples of the black plague or something.
I think I'll have my family set up an auction at my wake, YEAH, SOUNDS LIKE A PLAN. lol
Pillar of the Community
United States
992 Posts
 Posted 04/11/2015  7:36 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list
I know one collector who is taking a portion of his collection and slabbing it up, it's going to reside with his attorney in some kind of trustee storage for a few decades, then be given to some descendents. His idea is that the value of some of his stuff is going to be much greater than if he sold it now. I think he gave the attorney a couple hundred bucks to shove it in the back of a safe and have it inventoried now and then.

The rest of the collection is being sold off bit by bit, he may get it all done before he's gone.

I'm kind of doing the same thing, but with banknotes. I recall a stamp collection, purchased as new issues in 1938, it was kept in trust until 1988, then given to some grandkids. They made a down payment on a house with the proceeds. Since then, houses have about doubled in value up here, they must have made $250,000 or $350,000 if they kept it.

Pillar of the Community
United States
604 Posts
 Posted 04/11/2015  8:44 pm  Show Profile   Bookmark this reply Add Nickel Guy to your friends list

Quote:
Hopefully be able to sit in the auction room with a cold beer in my hand and laugh at the stupid amounts it will all bring.


I like that idea!
Pillar of the Community
United States
898 Posts
 Posted 04/11/2015  8:49 pm  Show Profile   Bookmark this reply Add duncanbishop24 to your friends list
I would probably gift it to numismatic friends who I meet over the years to come. I want it to be appreciated by someone like it was for me. Hopefully that would be a relative, but if not I'd rather give it to a collector than a relative who likely will sell for the instant cash
Pillar of the Community
United States
797 Posts
 Posted 04/11/2015  10:00 pm  Show Profile   Bookmark this reply Add spaceace to your friends list
I put family, even if they are not coin collectors themselves I would hope they could find it as a nice heirloom knowing that it was something I really enjoyed. They can certainly sell or give coins to their family/friends and do what they will, but I think they will at least keep a good portion of the collection in the family (especially knowing that my grandfather, then father, then me had the collection and added to it over time).
Pillar of the Community
United States
1192 Posts
 Posted 04/11/2015  10:28 pm  Show Profile   Bookmark this reply Add Bertensgrad to your friends list
Well if I died today, it would be passed to my parents and prob kept as a slightly morbid shrine :/ before being passed to one of my sisters kids when they grew up.
Bedrock of the Community
Australia
21788 Posts
 Posted 04/11/2015  11:15 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
I have already discussed this subject with my two adult children, who are:

the only beneficiaries of my will,
the joint executors of my will,
joint power of attorneys and
joint enduring guardians of myself, in case I go 'Ga-Ga'.

They have already agreed to pick alternately what they would like to keep out of my collection for themselves, to auction the rest, and split the proceeds equally.

When my will was drafted, it was done in a round table family conference in front of a lawyer, who wrote the documents under joint instruction of us all.

Can't get much more transparent than that!
Pillar of the Community
United States
1663 Posts
 Posted 04/11/2015  11:30 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list
My collections already belong to my first born son. I'm just the curator!
Bedrock of the Community
United States
20753 Posts
 Posted 04/12/2015  5:04 pm  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:
Send it to me carl and I'll look after it, especially, those 10 sets of Lincolns....


I'm more worried about someone taking my 12 sets of Mercury dimes and dumping them into a coin counting machine or a bank. Imagine someday someone opening a roll of Dimes and finding an entire roll of all FSB coins.
Moderator
Learn More...
United States
190135 Posts
 Posted 04/13/2015  10:40 am  Show Profile   Bookmark this reply Add jbuck to your friends list
I will keep it until I pass away, but will leave it to a family member.
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