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 Replies: 25 / Views: 3,765 |
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Valued Member
United States
245 Posts |
I have a relative who has a collection I was trying to help them but they dont want to lend me any coins to show others. I wanted to show others so I can sell them to people. The thing is they are old and cant do much. In the end they felt as if I wanted to take the collection away from them. I feel insulted but ill get over it. What should I have done to help? IF you wondering It could have been any which one they picked I just wanted to show one or two. Edited by youngmaster
07/21/2020 12:26 pm
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Pillar of the Community
United States
7273 Posts |
Welcome to ungrateful people.
A few years ago a neighbor asked me to look at his collection and see if it's worth anything. It was basically 3000 wheat cents in various states of poor condition. I sorted them all into separate bags. Before 1920, 1921 to 1930, 1931 to 1940 and 1941+
There wasn't one cent that was worth a dollar. Even the pre 1920 stuff was in terrible condition with environmental damage. After sorting everything add telling he was better off selling them for copper value, he got mad and accused of stealing his 1909 "pennies" when they were in the pre 1920 bag. Last time I'll help someone, lots of people are ungrateful. Use it as a learning lesson.
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Pillar of the Community
United States
3467 Posts |
My 2 cents worth.
Make your elderly relatives comfortable by reviewing the items in their home. Ask permission to open boxes, rolls, envelopes, etc. Treat these items, regardless of value, better than you would treat your own collection. Use on-line resources to show them potential values for their treasures. There have been so many terrible stories of people victimizing their older family members these folks may be a little scared to trust anyone with their collection. Assure them you are only interested in helping them and will only do what they ask. Go slow, let them get comfortable with sharing, and only do what they ask you to do. I'm sure they didn't mean to insult you, they are just being cautious. If you identify items you feel have particular value, ask permission to photograph them and share the photos with others.
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Valued Member
United States
465 Posts |
I think the solution is pretty simple. Find the closest lcs and if you are interested in buying them tell them you give them an estimate if they aren't happy with the lcs offer.
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Valued Member
 United States
245 Posts |
hfhacinto I'm sorry for all that work you put into it did you pour out all the coins back into one pile? lol
Edited by youngmaster
07/21/2020 1:04 pm
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Valued Member
United States
245 Posts |
nfine I like your approach it didnt ever get that far. I tried with bringing books RedBook and others my own examples to share so we can talk about em but yeah it was as if I was alone in the room. I put my stuff away and stopped sharing and said I should have made sure that he was serious about selling them... He even said I was going to get two of my choosing and rip to that offer... lol tough tough what can I say. Thats life I guess. Now I dont even talk about it with em when we would talk lots about coins. So sad really. |
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Pillar of the Community
 Canada
5391 Posts |
Relative... best advice stay out of it . Obvious from what you said , the person will
Trust no one .
Sort of the same when you lend a friend or relative money ... the end result is not good!
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Pillar of the Community
United States
7273 Posts |
@youngmaster,
I actually pulled out the 1909 out of the bag to show him and a 1911, he said the ones he had were in better condition and I walked out. Honestly I'll help if asked but I won't offer help, and I'll forward them that most likely nothing is worth much.
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Pillar of the Community
United States
1272 Posts |
stop helping them and forget about it
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Pillar of the Community
United States
1316 Posts |
Classic examples of "it's not you, it's them". They are from a different generation in an elderly state of mind. nfine's advice is about as solid as you are going to get, but even then, they are gonna be who they are at this point. Just move on.
Edited by Collects82
07/21/2020 1:27 pm
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Pillar of the Community
United States
600 Posts |
I think the only other thing you could have offered to do is maybe take some photos of a few of the key coins at their house so you could help find value/buyers. As others have said, you can only help as much as someone is willing to give up their control. Try not to feel insulted, chalk it up to a misunderstanding, and don't allow it to affect the relationship if possible. They are "just" coins.
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Valued Member
United States
74 Posts |
If you are going to get involved at all, (and I'm not sure at this point after what you said about them you should) I'm with nfine. I think his advice is spot on.
Edited by Ghawk
07/21/2020 4:05 pm
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Pillar of the Community
United States
3054 Posts |
It was nice of you to try but understand the old adage, you can lead a house to water but you can't make him drink...
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Valued Member
United States
442 Posts |
Chances are they are going to be disappointed in what they get for it. Large collections are not easy or profitable for most people to sell. Showing them RedBook numbers isn't realistic. Chances are they will get 30-40% below that at an LCS. Selling through a local auctioneer would cost them 20-25% in commission. Selling on sites like ebay is time consuming, and you still lose 13% between ebay and paypal. And if you don't have an established reputation as a seller, you prob won't get retail. Better if you are not involved in the transaction. |
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Bedrock of the Community
United States
20753 Posts |
Do not get involved. As a general rule, regardless of what you say, they will always suspect you are trying to cheat them .
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Valued Member
United States
245 Posts |
I appreciate all your wisdom shared here I know better now. Either buy their collection or send them away.
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Replies: 25 / Views: 3,765 |
Posted 07/21/2020 12:54 pm
