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 Replies: 64 / Views: 7,130 |
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Valued Member
United Kingdom
115 Posts |
Also to add, love your Robert Burns box! Burns' night is on the 25th guys, if y'all can buy haggis over there yet?!!
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Valued Member
United States
349 Posts |
 My goodness, that is a collection! Where do you start? I'd start with the Morgans, that's where I started when my husband and I received his coin inheritance. Then the Buffalo nickels. The whitman nickel album will have the War Nickels. At least they are organized. If you are willing to put the research time into it, and you still want to sell after you look and learn about them, definitely profitable to sell individually instead of the whole collection. Edited by Weezer1878
01/23/2013 3:51 pm
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Pillar of the Community
United States
2311 Posts |
That is a very nice coin collection! It would sell for a lot.
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Valued Member
United States
218 Posts |
super nice I would consider myself a very lucky man if I ever got handed down a collection like that. Would really love to see more pictures of the inside of those albums Good luck with your quest
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Pillar of the Community
United States
1745 Posts |
Wow, outstanding!. It would be nice to know what's inside the blue Whitman albums. How full, what quality, etc.
Enjoy.
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New Member
United States
28 Posts |
Oh good lord! What a nice collection!    I'm jealous. Mike |
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Pillar of the Community
United States
979 Posts |
To start, I forgot to say before, I'm sorry for your loss.
You have been bestowed with a great gift. That collection is far larger than mine, and probably larger and more valuable than many users here. Your grandfather was like one of the ol' timers on here that we young/new collectors envy. He grew up in a time where money had intrinsic value. That value has multiplied in the silver coins by about 25 times it's face value in metal alone. Plus, there is collector value beyond that because of the care your grandfather gave to preserving them.
Your grandfather knew that someone would inherit that collection one day.
In my mind, it's like family jewels. They are for financial security. If you have to choose between the car and the collection, you choose car.
Otherwise, the collection is only increasing in value.
Also, with the economy slowly on its way up, the collector value can be realized more and more as the market is filled with more confidence and disposable income.
Research long and hard before making ANY moves. You did right coming here.
Congrats on inheriting that collection, your grandfather must have cared about you :)
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Pillar of the Community
United States
1195 Posts |
Jeeminy Christmas, That's a lot of coins!!  Give yourself a year at least to go though all this, ask plenty of questions, and enjoy the ride. If you are in no need to sell this massive lot quickly, you are sure to realize the maximum value of these coins, even if you sell none of it. Be not afeard of keeping some or all of this for your own enjoyment or to liquidate later. |
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Pillar of the Community
United States
655 Posts |
What a terrific forum this is, I still can't get over how much good advice you can find here.  I'm very sorry for your loss of your Grandfather. But it was a good thing he left his collection to you. I'm sure he knew you would take the time to research and appreciate his collection. The best advice I can offer is take your time. If you decide to sell it off consider holding on to at least a small part to remember your Grandfather by. |
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Valued Member
United States
143 Posts |
If you are dead set on selling and reaping the $$$, that's not a bad thing if you just have no interest.
One thing you have to watch out for is the IRS IF this is listed as part of the estate. Some dealers will do a 1099 if you sell a large amount, making you subject to Capital Gains Tax. IF this is the situation, you are covered to minimize the tax.
ORDINARILY, you have to pay long term (currently 28%) on the profit after cost. When you inherit, the "cost" becomes the vaue on the day he died--NOT the day he purchased them. See where I am going here? It's homework for you though to value the coins to that day--especially bullion.
Thn, if you sell below that value, you have a capital LOSS.
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Pillar of the Community
United States
1511 Posts |
Wow! Amazing! Definitely would love to see more pictures!! How full are those Morgan albums? I know personally I'd like to see pics of those pages! Well... To start with, lol. Great collection!
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Pillar of the Community
United States
2311 Posts |
Edited by solotime
01/29/2013 12:44 pm
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New Member
 United States
27 Posts |
Solotime - yes a 1937-D 3 legged Buffalo nickel. Nathan - the Morgan binder is about 90% filled. |
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Pillar of the Community
United States
979 Posts |
You sure it's 3 legged? If so, that one values in 4 figures, depending on condition. Morgan dollars are at minimum worth about $30 a piece, usually closer to $50 depending on condition. Some rare varieties are worth much more. |
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New Member
United States
27 Posts |
Here are some pictures of the 1937-D 3 Legged Buffalo   |
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Replies: 64 / Views: 7,130 |
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Posted 01/23/2013 3:42 pm
