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What Will Happen To Your Coin Collection When You Die?

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Bedrock of the Community
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United States
15952 Posts
 Posted 09/01/2021  1:06 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
I have no idea what will happen to my collection when I pass away. Possibly someone will dump it all in a bank.

Carl do me a favor , before you go let me know of some of the banks that are near you !

In Memory of Butch L.
and Jim U. rest in peace .
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United States
1008 Posts
 Posted 09/01/2021  3:19 pm  Show Profile   Bookmark this reply Add EddieDiz to your friends list Get a Link to this Reply
I would have them put in the coffin with me but I wouldn't be able to see them.
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United States
104611 Posts
 Posted 09/01/2021  3:32 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
before you go let me know of some of the banks that are near you !
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United States
1324 Posts
 Posted 09/01/2021  3:44 pm  Show Profile   Bookmark this reply Add AcesKings to your friends list Get a Link to this Reply
My son has his own collection, so he'll be getting mine. I THINK he may share one or two with his sister, but probably not.....
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Canada
849 Posts
 Posted 09/01/2021  4:45 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
Pro tip, if you think you're going to die, eat your coin collection to gain it's powers.
























Edited by Numis-Northerner
09/01/2021 4:45 pm
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United States
104611 Posts
 Posted 09/01/2021  5:08 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Pro tip, if you think you're going to die, eat your coin collection to gain it's powers.
Level up!
Valued Member
United States
360 Posts
 Posted 09/01/2021  5:11 pm  Show Profile   Check daltonista's eBay Listings Bookmark this reply Add daltonista to your friends list Get a Link to this Reply

As my collection is very specialized and would appeal only to limited markets, about 90% (Britain and colonies) goes to Dix Noonan Webb, Baldwin's, or St. James (depending on fees at the time), and the rest (North America) to Heritage. Post-sale distribution of proceeds to wife and son, all as spelled out clearly in my will.



I never pay too much for my tokens...but every now and then I may buy one a little too soon.

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United States
6 Posts
 Posted 09/24/2021  01:07 am  Show Profile   Bookmark this reply Add TexMex to your friends list Get a Link to this Reply
Just in case something happens to me I made an agreement with a friend who is a coin dealer to buy my collection from my family at a fair market price to save them the headache or to help them price it out to be sold as they wish.
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Australia
19083 Posts
 Posted 09/24/2021  01:33 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I have instructed my kids:
public auction by specialist numismatic auctioneer.

Actually, the auctioneer has been imploring me to sell my collection for about the last 5 years or so, just like a real estate agent, but I have resisted. His turnover is consistently above $10 million per year.

Lower valued coins will be parceled in job lots of 5 to 100 or so,
higher valued coins auctioned as singles.
Total value realized would be in the many 10's of $thousands.
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 Posted 09/24/2021  10:11 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Actually, the auctioneer has been imploring me to sell my collection for about the last 5 years or so, just like a real estate agent, but I have resisted.
Vultures!
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United States
2154 Posts
 Posted 09/24/2021  5:40 pm  Show Profile   Bookmark this reply Add t360 to your friends list Get a Link to this Reply
A recent health issue has me thinking about this. I have no clear plan. My collection is strongest in France and Sweden from about 1520-1870.
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