Sience I only started collecting Jan. Of this year and have not bought any coins. Having only cherry picked and quarter roll mined. I told my wife empty all coins and bills in a bucket and cash in at the credit union. LoL
Quote: I'm not married, no kids, have no coin-collecting friends, and none of my immediate family or other relatives are interested in coins. What do I do?
My will specifies two sentimental coins that cannot be sold. These go to my two daughters.
I am in the process of photographing and cataloging my collection, so, should something happen to me, my wife and daughters know what I have and what it's worth. None of them are interested in my coins, but they might like the money they could get from selling them.
As of now I have two options:
One: sell my collection, or the bulk of it, when I retire in four years and take my wife on that trip we've dreamed of taking.
Two: Let my family know of reputable dealers who can help them handle the sale of my collection when I'm gone.
As of now, I'm not sure which of the options I'll take. It might be a combination of the two, since I can't imagine selling everything when I retire, but that trip sure sounds nice.
Quote: I'm not married, no kids, have no coin-collecting friends, and none of my immediate family or other relatives are interested in coins. What do I do?
@jpsned - I'm kinda in the same boat. I'm married, but my wife isn't interested. I have no kids and my relatives aren't interested. Nevertheless, I decided to divide my collection along understandable lines (not going to divide a set!) to my nieces and nephew, along with documentation of what I found meaningful and why I collected, in hopes it will interest them.
Who knows, they may sell it. But maybe they'll keep and build on just like I kept and built on the collection of my grandfather.
Quote: I'm not married, no kids, have no coin-collecting friends, and none of my immediate family or other relatives are interested in coins. What do I do?
With those parameters, why do you care? It is simply an issue for your executor.
If I don't end up with any children or favored heirs to pass my collections to I think I'll have my coins and all my other antiques and collectables sold off in one massive, spectacular estate auction that would be talked about long after my demise by serious collectors.
I've only been collecting for a year, but from what I can see, your collection you will need a lot of time to find the right buyers that will spend the money you deserve for your collection. If you leave it for last minute and to your heirs, it will most likely be sold in bulk and for a fraction of its worth.
If I didn't have anyone to leave it to. I would look to sell it and if you don't need the money, donate the proceeds to a organization or group that gave you joy over your life.
A good start is right here on CCF. If you don't want to sell it, donate it to a cause that would appreciate it.
Quote: I'm not married, no kids, have no coin-collecting friends, and none of my immediate family or other relatives are interested in coins. What do I do?
I'm a little offended, I thought we were all friends here.
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Posted 04/11/2018 4:16 pm
