What Happens When You're Gone?

JustCarl, don't you love this "viscious circle" we are in? We buy flips to puy the coins we buy into. We buy, or build boxes to put the flips in. then we buy more coins, and have to do it all over again.
You refer to "pack rats. You haven't seen a "pack-rat" until you see me! I was a kid who knows what the "big Depression was. My dad made $5.00 a day during that time, and was lucky to have a job. Our phone number was "1-1-J-1". We rode around in a "29 Chevy 4-door. You know, the one with the "suicide doors. This dinb kid got out, and left the door open. Dad drove into the garage. Boy, did I get blistering! Eat everything on your plate, I mean EVERYTHING!. None of this "Well I don't like Cooked turnips, or rutabeggas". A 'penny" was worth a small fortune, by comparison to today's cent. My dad got his paycheck, and went to the bank to cash it. While there, he asked for a $5-dollar gold piecs, to show me. It was a beauty., but way out of our reach. I sold subscriptions to "Ladies Home Journal, and Cloverine salve, to help pay the bills. Wehn we mover, (which was frequently, when one has little , or no seniority, or "whiskers" as dad called it), we used a box-car to load the household furnishings We always managed to have more "stuff" that the boxcar would hld, and some had to be gotten rid of. But why did it always have to be my "stuff"? I guess we start young "collecting things, and get the name "Pack-rat. For you who don't know what a pack rat is, it is a desert rodent that always carrys something in hos mouth, from place to place. What ever he had when he got "here', He left, and took something from here to the next place he stopped. Dad had a few coins, mostly an IHC, ot a Barber dime.some loberty head nickels. He always looked for the 1913, liberty head nickel. I have a "coin bank, that looks like a small book with a slot on the end, with a brass spring to prevent the coins from slipping out. His dad gave it to him when he was very small. Later, after he had a stroke, he tried to open it, but with one hand, it was next to impossible. He nearly ruined it. I have since repaired it, but the covering is damaged, but still intact. The coins that he managed to put in there were very few, and far betqween, but he did get a few ,ercurysm buffalos a standing libty or two, and some IHC. Most of them were used to "feed the kids", as My Mexican collections were used for the same thing, after returning to the US, and having to look for a job. Life does one this way, but, such is life! I Have enjoyed mine. Not rich kid, quite the contrary. I remember when I had to use the cardboard from the box of cereal to make insoles for my shoes, because they had holes in them. This was to keep my feet from "getting wet", going to school, in 1930, with snow on the ground! JustCarl, we have much in common. I do have kids that are con collectors. They like coins, but for spending! They know nothing of varieties, and have no interest as a collector. I think Il'' donate my collection to some forum, to help pay the expense of keeping the site operating, and available for collectors like us.
Dick

We have three children All three are collectors.

Our present understanding is that most of the coins will go to our oldest son, who is an attorney. Where there are duplicate sets of coins, they will be dispersed to all three children.

My hope is that all, or most, of the coins will stay in the family and be passed down from generation to generation.

Im only 27 years old and hopefully have many more years to collect. I have no kids yet, but plan to start very soon. By the time they are old enough to understand, I hope to get them interested in coins as well. Would be a fun hobby for us to do together. So hopefully, once I pass my coins (mass amounts by then I'm sure) will be taken care of by my kids.

For those of you that are older and have kids, did they never catch interest in them? I plan to try getting my kids interested, but at the same time, not force them. I am already showing my niece and nephew stuff about pennies, and bought them both coin books for x-mas this year. Any advice?

If my kids dont get them, then I guess I dont know where they would go. Only time will tell.

To my children, of course

gift allowance for 2008 is 20,000 per gift annually

A final thought on the subject...for those looking insure a good home for collections, why not take advantage of our Forum auctions...that way you get satisfaction of knowing your collection is going to someone who will appreciate them AND get $$$$ too!

For me, my collection is not mature enough for this to be a major concern. Though I hope that will change in time. I am fortunate in that my wife does appreciate the collection, and even participates, so I am confident that she would continue collecting if I were gone. However we have no children, so there is no one else to leave the collection to. It is certainly food for thought, as my collection slowly grows I feel that I would rather it go to someone who would appreciate and maintain it rather than have what family there is potentially squabble over liquidation value.

Just Carl, hang in there ,my prayers are with you.Last month on the 8th I went for my yearly prostate exam and found my psa had jumped 2 points.Well the dr. scheduled a prostate biopsy for the 28th.You know how they like to make you wait and all the time in my mind I know I'm probably dying .Well we do go to church every sunday but I'm here to tell you I'm not the most religious person in the world. To make a long story short ,everyone was praying for me ,I was praying to be healthy and god answered our prayers,I got good results from the doctor's office .I know prayer helped.
Living Dinasaur , Sounds like you were writing my life story, my parents came over from Germany,my dad and mom always saw we had a roof over our heads and food.I had to quit school in the 10th grade and get a job to help out.Good jobs were scarce and when I turned 17 I joined the Marines,served 4 yrs,I was lucky enough to get into Aviation in the Marine Corp and when I got out I got a job with a major Air Lines in Cleveland .Well I'm 70 now ,retired and living the so called good life.I made a joke about being buried with my coins but I'll say one thing a lot of these young kid's have had everything handed to them and they dont have any responsibilities..