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 Replies: 126 / Views: 12,128 |
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Valued Member
United States
157 Posts |
Don't worry if we'll never own those kinds of coins. Heck, it sounds more like a burden in some instances than a blessing, I mean you gotta do this with them, do this, watch this, sell this here or there, or whatever. I got my little coin collection, and I'm happy with it. If it goes down in value, well, I haven't lost too much. But yours - it has value both sentimental and monetary. You gotta worry about it. What would worry me in the coming time, would be how in the world to divide those coins 4 ways! Ay, yi, yi! That would be my big concern. Maybe you can get an estimated value and each could get something else of equal value or something. It would be a shame to break the set up.
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Pillar of the Community
United States
2254 Posts |
Quote:
I gues what I'm trying to say, if I post pictures here a few a week will you all be able to access them, or should I put the photos somewhere else? Your post will never be lost. If this thread stays active, it will also stay on the first page. Most of the time we have so many different/new threads, that it doesn't take long for them to move to the 2nd page. Out of sight, out of mind. In this instance, I think you have a good deal of folks waiting to see results and such, and of course waiting to see more pictures. In order to keep this thread from turning into a "grading/authentication" thread, we have a forum deidcated to such here: Coin Grading SectionMy suggestion would be to post any news about the collection and advice in this thread as things progress, and use the coin grading practice section for future photos and such. Besides, I believe all of your keys, once identified, should get submitted(My opinion only), and it will give us good practice to try to guess the grade prior to submission and compare with the, ahem, "experts". |
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Valued Member
 United States
65 Posts |
I noticed that this forum has been awarded "hot topic". I'll tell you all why I am enjoying this so much. When I get the opportunity to spread a little joy, it really gives me a sense of fulfillment. It costs nothing for me to reply to a forum question, or upload a photo. When I read the responses I get the sense that some of you are vicariously sharing my experience.
As a Christian there is nothing more fulfilling that being able to spread a little joy.
This is really fun. My wife has a newer camera and I think I may try and get some better pictures. When the inventory from the appraiser comes I'll scan it and post it. Then you can ask for specific photos and by then I'll have enough posts to reply with email.
My uncle emailed me last night and he is also interested in the collection. I'll give you the jist of his email and see if you relate. Summarized, "I want to buy some of those coins, I have to get rid of some of my coins, I don't want to get rid of my coins, I want to have a smaller collection with key coins, my kids won't appreciate these as much as I do, I have to get rid of some of these, let me know if you want to sell, there's a few of those I want....." Get the point?
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Pillar of the Community
United States
1130 Posts |
Wow, those pics look so much better for grading. You have a great learning curve, my young Jedi.
Kinda curious though... your mom seems to have gotten a collection of rare key dates, not some random coins thrown into a jewelry box, cigar box or coffee can. Was she a coin dealer or serious collector at one time ?
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Valued Member
United States
128 Posts |
I have know idea your relationship with your Uncle but from what was written I would hold tight and stay on the path of fact-information finding regarding your coins. I believe your idea of possibly selling off duplicates is an excellent idea. Below is my interpretation of your uncle's email. Quote:
My uncle emailed me last night and he is also interested in the collection. I'll give you the jist of his email and see if you relate. Summarized, "I want to buy some of those coins, I have to get rid of some of my coins, I don't want to get rid of my coins, I want to have a smaller collection with key coins, my kids won't appreciate these as much as I do, I have to get rid of some of these, let me know if you want to sell, there's a few of those I want....." Get the point? Well - well - well, my interpretation: I want to cherry pick (buy your most valued coins far below there real value). In order for me to do this even though I don't want to I have to sell some of my personal collection "feel sorry for me". Having said this, I want to be clear I want to have key dates for my kids to inherit. "Certainly this request to buy your key dates is not for me!"(Sarcastic) My kids wont appreciate my coins they only will appreciate key dates? How does he know this. I, as would most all of us, would appreciate a coin inheritance of any kind. Sure key dates or more valuable coins would be great however to put his kids in the reasoning for the offer to purchase is lame in mho. Hang on to your coins and / or do exactly what you are doing know the value of what you got and go from there. |
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Valued Member
United States
65 Posts |
1sikevo and ptb.
1sikevo, my grandfather had the collection origionally. When he passed away the entire collection was somehow divided between my mom and her siblings. The collection I am babysitting now contains maybe 20 key coins, 50 that are probably worth $20 to $50 each. 2 0r 3 hundred that are worth maybe $5 to $15 each, and 2500 that are somewhere under $5 each. When I brought the collection home the top 70 coins were in individual paper sleeves or display holders. The entire rest of the collection was randomly mixed and placed in envelopes some with numbers scotch taped to them, and some just loose. So I would say your comment about loose coins in a coffee can applies to the majority of the collection.
I have since sorted them by denomination and placed the best in separate holders. I have personally examined every coin with a magnifying glass and that is when I became interested in keeping the whole group.
ptb, I had to laugh when I saw your response. I understand that everyone here is very protective of these coins.
FIRST-- I can assure you and everyone else that is watching this forum that I am going to try and keep the entire collection, even if it means I have to use a large portion of my inheritance to do so.
SECOND-- I can tell by the interest here that I feel obligated to let you all know that before I sell I expect at least some of you to agree that I'm not getting ripped off.
LAST-- My uncle has seen all these coins and he is very protective of them also. He is in agreement with you all as to being careful before agreeing to sell. I thought you'd get a kick out of his reasoning. He is a collector and I'm sure you have felt the same way on occasion i.e. I have too many, my kids don't value them, I want more, I want less, the key coins are the ones I want to keep in my collection etc.
Keep coming back.
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Pillar of the Community
United States
6326 Posts |
Yeah.....this has turned into a very interesting discussion my friend. I'm enjoying your pictures immensely!
I would definately do your best to "not" part with any of them...don't split up anything that will be forever gone 25 years from now..... offering a monetary trade to keep them is a good idea. Keep the collection intact for many reasons.....but a special one is that it'll go from a Grandfather to your mom, then to you and then the person you leave it to......look at it as a "generational" experience.....300 years from now, these special coins should still be in your family and not split into the four directions of the winds !
Edited by eaglefoot
06/25/2008 2:20 pm
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Valued Member
United States
65 Posts |
It's funny how each has a different perspective. I don't ever recall grandpa ever talking about the coins or showing them to us. I don't recall my mom ever showing them to anyone. So I don't consider them to have a lot of sentimental value. Now if I sat on grandpa's lap and helped him sort pennies, and helped mom sort and grade coins, then I could see the sentimentality being attached. I like them on their own merit. I could see myself as I get older maybe taking some of my great coins to a show, or doing some trading to hone in on maybe completing a set. I like the possibilities. It's funny how after looking at the entire group I already have my favorites.
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Valued Member
United States
245 Posts |
robocoin, The sentimentality aspect doesn't necessarily come from sharing the experience as you grew together, but also from the fact that this was a part of two generations worth of a passion being passed on to the next generation. Since you've already cataloged and viewed the entire collection, you have a list of duplicates/triplicates etc of the less valuable coins. might I suggest posting pics of some of these in the grading forum, along with your estimated grade for practice. Then you can auction/sell of the duplicates for practice here after you've reached 50 posts. With your siblings blessings of course, and the understanding that the proceeds would be in the pot for the split along with the coins if you can't get them to agree to let you buy them out. If it were my inheritance, I would like to keep at least one of everything as an inheritance for the next generation, as well as an awesome set to build upon, since I'm pretty certain from your posts your hooked by now yourself! BTW, the Coinaholics meetings are held just down the hall to the left!  |
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Pillar of the Community
Canada
1267 Posts |
Robocoin, It sure sounds to me like you are on the right path. Let me also take the time here to thank you for sharing the experience and excitement with us........and boy, have you ever come a long way from the person who was 'saddled with determining the value of your families inherited coins'. Welcome to the hobby!  Could I ask which grading company you have chosen? PCGS coins in the same grade will command a higher resale value than NGC, which commands a higher resale than anacs. Just something else for you to consider. Finally, I really love the Lafayette dollar that you posted. Thick skinned, beautifully toned and totally original. Your grandfather had one heck of an eye.  Edited by hadleydog
06/25/2008 6:34 pm
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Rest in Peace
United States
4849 Posts |
I'd also like to add, I would wait until the 93-s Morgan is authenticated/graded to place a value on the collection for dividing up the inheritance. The grade and authenticity of that coin alone will determine a large portion of the value of the collection IMO(though you may have other power keys that you haven't listed yet) You probably already know that, but just wanted to make sure. :-)
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Pillar of the Community
United States
1283 Posts |
hadleydog, if PCGS or NGC determine the coins has been cleaned, he'll get it back in a body bag with no grade determination. That's why I suggested ANACS.
Edited by USArmyParatrooper
06/25/2008 7:08 pm
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Valued Member
United States
65 Posts |
I have had a great time so far with the coins and with the forum. Does the coincommunity ever sponsor or support small get togethers so we can actually see what we've been shown pictures of? There are probably a few places in the country that are reachable by half a dozen members. Have some pizza and look at my long island commemorative.
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Valued Member
United States
65 Posts |
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Valued Member
United States
157 Posts |
I would have to reply to your uncle in this manner, if I was in your position.
Dear Uncle,
We are still trying to settle the estate of our late mother - your sister. It's been a very trying time for all of us. The coins will remain in the estate until reasonable time as we can tell what should and must be done with them. I appreciate your concern for the loss of our mother, and I understand your desire for the coins, but until the estate is made final no decisions will be made regarding the coins or any other of my late mother's possessions. I'm not trying to be bossy, or sassy, but I want what is fair for everyone concerned. There are four of us children left to carry on our mother's legacy. I do not know if we will be included in your will, when that time comes, but I as executor, I have to do what is best for this family, and I will do just that. If there comes a time when we want to sell off any of the coins, I will contact you first and give you a fair market price for those you wish to purchase.
Your loving nephew...
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Posted 06/25/2008 06:36 am
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