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 Replies: 43 / Views: 5,459 |
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Bedrock of the Community
 United States
11951 Posts |
Interesting replies. I really enjoyed reading them all.
For me ... knowing all the numbers will be very helpful when I talk
to my kids about my collection. If they don't know what the true value is,
they might end up dumping or selling my collection cheap, after
I am gone.
Of course the face value in most cases will be a very small number
compared to the true value of a collection. But if your collection ends
up with a relative, that is not a collector, that might be their starting point
of coming up with a value.
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Bedrock of the Community
 United States
12866 Posts |
Quote:
The face value of your collection is not meaningless. I agree with jbuck for his reasons, and if nothing else you have a starting point for an insurance claim if in the unfortunate event it is ever needed. Insurance companies will only pay face value to replace coins/notes, they won't take into account market value of collectibles unless you have paid for a rider or separate policy. Edited by CelticKnot
01/19/2018 5:28 pm
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Rest in Peace
10197 Posts |
That's why a photo record is imperative if you plan on REALLY inventorying your collection. It can be proven what was in there in case of disaster...although you will play h**l getting any insurance weenie to honor it. It will help in the event of theft, which is a real possibility for those not savvy enough to have purchased a safe! (and secured it in place...) And besides which, it ain't none o' yer business! Just advertise here ..."Come and Get it!"  Edited by Crazyb0
01/19/2018 5:43 pm
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Moderator
 United States
190060 Posts |
Quote:
For me ... knowing all the numbers will be very helpful when I talk to my kids about my collection. If they don't know what the true value is, they might end up dumping or selling my collection cheap, after I am gone. Yes, this is important. A good reason to have the face value. You tell the kids, "You can spend it and get X, but if you make an effort you can get a large multiple of X!" Again, context. Without it your heirs might just think it is not worth their time to properly liquidate and just take it to the bank.  |
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Rest in Peace
United States
18456 Posts |
Quote:
Again, context. Without it your heirs might just think it is not worth their time to properly liquidate and just take it to the bank. Along with my inventory ,I have left percific instructions for my Grandchildren of what I would like them to do with my collection when I'm gone . And that every Cent I have is worth more than face value . I also told them when the time comes to join CCF ,and that they will be more than glad to help you out with any questions they may have .   |
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Valued Member
United States
332 Posts |
I won't be done tallying what I have for quite a while but my final face value is going to be a combination of dollars, liang, cash, jitals, aes, karshapanas, dinaros, dirhams, gulden, paisa, anna, duit, lira, fen, centavos, francs, hellers, kreuzers, drams, afghanis, zlotys, escudos, polushkas, roubles, kina, sols, shekels, banis, riyal, baht, pfennigs, marks, kurus, ngwees, vatus, cedis, birrs, dong, kwacha, quetzals, lempiras, cruzeiros, reals, pesos, pounds, leones, drinks, exploders, ice cream, beer, bread loaves, quarts of milk, mills, oxydol, soap bars, and yards of sand -- and a whole bunch of other ones too.
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Moderator
United States
190060 Posts |
Quote:
Along with my inventory ,I have left percific instructions for my Grandchildren of what I would like them to do with my collection when I'm gone . And that every Cent I have is worth more than face value . I also told them when the time comes to join CCF ,and that they will be more than glad to help you out with any questions they may have . Well done.  |
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Valued Member
United States
325 Posts |
I do have a One Hundred Trillion Dollar note from the Reserve Bank of Zimbabwe put aside for my retirement. I will be living large.  |
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Moderator
United States
190060 Posts |
Ah, good one! |
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New Member
Canada
13 Posts |
Hello,
In the End it is all about Money.
The face Value of my coins does not tell me much. I went with the Catalog Value from NGC and got a Value of 26.000$. Now I took about 33% off that Value and end up with 8700$. That is about Right.......I think?
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Valued Member
United States
119 Posts |
I don't have the foggiest idea but it is something to think about.
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Pillar of the Community
United States
4596 Posts |
Well, my 'real' collection is 17 trimes, so 51 cents...
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Moderator
United States
14463 Posts |
Quote:
post by Davest
I do have a One Hundred Trillion Dollar note from the Reserve Bank of Zimbabwe put aside for my retirement.
I will be living large.  I totally forgot about my Zimbabwe notes: $100 trillion, $50 trillion, $5 billion, and $500,000  |
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Bedrock of the Community
United States
12477 Posts |
According to online converters, my Yugoslavian 50,000,000 dinara note is equivalent to over $30M US.  ...and I got it for free! P.S. I gotta get me some of those Zimbabwe notes! In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
01/24/2018 03:43 am
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Valued Member
United States
393 Posts |
Hi, everyone. You are all cracking me up with your silly cents and underrated bouillon of gold & silver soups of accumulation. You are all so humble with what you got. What matters is the positive growth experience and enjoyment this hobby brings. Adrenalin rush keeps the heart strong and healthy. Let's keep on going....
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Replies: 43 / Views: 5,459 |
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Posted 01/19/2018 5:27 pm
