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 Replies: 24 / Views: 2,430 |
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Pillar of the Community
United States
3486 Posts |
rking007, I am hoping your aunt is OK with this idea. When you get the collections inventoried, the next step is to be present at any appraisal. Indeed, I would present just one set and get a "feel" of the appraiser's knowledge. If he/she is low balling you, run. If not, say, "We have a few other sets." And to everyone, no child or grandchild will ever be excited by coins unless you spend a rainy day together looking at them. Time spent with family can neither be graded by a TPG nor CAC stickered. No price guide can determine its worth. |
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Pillar of the Community
United States
1109 Posts |
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I get pretty burned when I hear about teenage kids who inherit collections and just go off and sell them for whatever and then end up spending the money on booze or video games or whatever. That, is just disrespectful. I got a whole bunch of foreign coins and some very nice silver US coins from this kid who walked into the coin store I frequent and said "My grandpa left me this junk. I just want to sell it." The dealer asked him to wait a moment since he was with a customer. The kid got impatient and walked out. I went out and asked if he would sell some of the collection to me. Got a TON of old Canadian cents, 3 Morgan dollars, 10 Walking Liberty halves, a War Nickel set, 4 Barber quarters and 5 Mercury dimes. I asked how much he wanted for it...he gave it to me for $50.00. Usually I feel bad for taking advantage of people, but that kid had no respect for what he had. Nothing in that bag was "junk." I'll take good care of it. Quote:
I'm going to be buried with my collection. I seriously though about putting this in my will. |
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Pillar of the Community
United States
3755 Posts |
I am neither saddened or upset by this. It is this simple. Would you be saying the same thing if these were collections of Elvis Plates? Plenty of grandfathers out there have spent years collecting THOSE. I am quite sure you would not argue with someone selling off that collection.
When it comes down to it, they are just coins. A commodity. If the person holding that commodity sees nothing BUT a commodity, they sell it. I don't blame them in the least bit. How you or I would look at it matters not.
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Pillar of the Community
United States
1261 Posts |
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I'm going to be buried with my collection. I'm sure you were joking but in case you weren't...What kind of solution is that? You'd be better off giving it to a homeless shelter or a needy family. At least they could use it. |
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Pillar of the Community
United States
1391 Posts |
I have a lot of older relative/friends of the family that have passed away. Some of the stuff that they collected was just not worth it. My dad sometimes feels the need to keep stuff because it was so-and-so's. I keep somethings, most other stuff I pass on to people who are interested in it. I hate all those little knicknacks that some people hoard. If I kept everyone that came my way through the years I'd have thousands of them. I am willing to part with them for much less than they are 'worth' if they are going to someone who will enjoy them. I know from our perspective someone who wants to get rid of an inherited coins collection seems 'strange,' but I am sure we seem weird to the people that collect the kitch, franklin mint plates, snoopy figurines, happy suns, etc. (Ignoring the fact that a coin is really worth something...  ) Sure some punk selling off his grandfathers collection for beer money is sad, but at the same time he probably wasn't very respectful of his grandfather when he was alive anyway, and in my book that is a way bigger problem. Stuff is stuff and when you are dust you aren't going to care. I would much rather have my coins go to someone who would care, I would prefer it be someone I am related to but if not, oh well. |
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Valued Member
United States
318 Posts |
Quote:And to everyone, no child or grandchild will ever be excited by coins unless you spend a rainy day together looking at them. Time spent with family can neither be graded by a TPG nor CAC stickered. No price guide can determine its worth. matthewvincent gets it. |
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Pillar of the Community
United States
1721 Posts |
MrMorgan, I just cleared an area for you in my crawlspace. Unfortunately, there's only room for you but I promise to take good care of the coins  . |
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Pillar of the Community
 United States
2362 Posts |
This thread is a real eye opener for me as it touches on my early life and also today. When I was a teenager in the 1950s we visited an uncle in Arizona. His next door neighbor was an avid coin collector and he and I really connected. He brought me some coins every day during my stay and not that they were valuable - the man was awesome and so generous to a 14 year old. A couple of years later I heard that the neighbor had died and had left his huge coin collection to my uncle. I asked my Dad to talk to uncle and offered my entire net worth of $20 to get me some of the coins. Alas, uncle sold everything to the first bidder and bought cigars, booze, and went to Vegas. Of course, that was his choice so I accept that.
Rolling ahead to 2013 I have a substantial collection and many old coins minted during the infancy of our country. I'm 68 and my daughter and son show no interest in being collectors. I've documented my collection for them in a database with prices I've paid, and Redbook/Bluebook prices in case either of them want to sell and get a reasonable return for these awesome coins.
I do have a 10 year old grandson and a six year old grand daughter and will explore their interest, but it's really too early for them to understand all of this.
Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith |
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Valued Member
United States
161 Posts |
Well mds308...that would be cheaper than buying a plot and stone...let me think about it.
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Replies: 24 / Views: 2,430 |
First Page
Posted 03/14/2013 1:08 pm
