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 Replies: 21 / Views: 2,821 |
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Pillar of the Community
United States
7273 Posts |
Every once in a while I see someone asking about the value of a coin collection they inherited which generally includes a few run of the mill common coins. Maybe with some precious metals value but not much else. And from reading the posts (and also from talking to my coin shop) many people sell inherited collections. So I was wondering if any of you have inherited a truly exceptional collection, not saying sentimental value, but at least 5 figures (over 10 thousand of dollars in value) and kept the majority of it. Maybe a set of BU Morgans/Peace and a few gold coins or a complete set of BU Lincoln Wheats? I inherited a few coins from my dad but it was in no way exceptional. He had a few ASE, some silver and a small collection of Franklins and Walkers. And a small collection of Red Seals and Silver Certificates. A fellow collector inherited the closest to what I would say was exceptional, in that he had 3 gold coins and over a hundred Morgan's and Peace dollars, he even had a few Seated Liberty coinage and some unopened rolls of Wheat cents (with dates). So did you or do you know of someone that inherited an valuable or exceptional collection and still has it? Or did they sell it off. PLEASE NOTE: Not talking about sentimental value, just pure market value or super high grade. Edited by hfjacinto
12/15/2021 11:45 am
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Pillar of the Community
Russian Federation
5172 Posts |
Vaguely recall a thread here a year or two ago where someone ended up with an album full of high-grade IHCs. Dunno what happened to that one, never found that thread again.
I think it happens occasionally but for obvious reasons it's not exactly common...
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Bedrock of the Community
United States
19130 Posts |
My answer... Nope, not me.
Edited by ijn1944
12/15/2021 11:01 am
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Pillar of the Community
 United States
5177 Posts |
I wish.  |
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Pillar of the Community
United States
3112 Posts |
I understand what you're asking but in my case I inherited my dad's collection after he passed 1 year ago yesterday. While not monetarily valuable it is emotionally valuable to me. My dad and I would go to shows together and my knowledge of numismatics comes directly from him. We so enjoyed looking at each others collection and it's a memory that will last my lifetime. So when I open up the box that holds his collection, to me, that is more valuable than any monetary value. So to answer your question, yes I inherited a very valuable collection, at least to me :) |
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Pillar of the Community
 United States
7273 Posts |
@srs77, That's why I added this Quote:
PLEASE NOTE: Not talking about sentimental value, just pure market value or super high grade. I think your story is common, but getting a high value (not sentimental value) collection is not that common. Hence why I was asking. I was hoping to hear: "My dad was Dell Loy Hansen and I got a set worth millions, here are some pictures  " |
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Pillar of the Community
United States
7273 Posts |
Quote:
Vaguely recall a thread here a year or two ago where someone ended up with an album full of high-grade IHCs. Dunno what happened to that one, never found that thread again.
I think it happens occasionally but for obvious reasons it's not exactly common... Do you mean this one? http://goccf.com/t/369684That is as close as to an exceptional set as I can remember also. |
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Pillar of the Community
Russian Federation
5172 Posts |
Quote:Do you mean this one? http://goccf.com/t/369684 Thanks! That seems to be it. Looks like the further search was interrupted by Covid... hope things got better. |
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Moderator
 United States
187914 Posts |
Quote:Has Anyone inherited A Truly Exceptional/Valuable Coin Collection? ... Not talking about sentimental value, just pure market value or super high grade. Nope.   |
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Pillar of the Community
Canada
5239 Posts |
There simply aren't very many exceptional coin collections, period. At least not as a fraction of the population. So very few people inherit exceptional collections. 1 in 100 thousand people? Who knows? Few collections last more than 75 years or so, thus the inheriting opportunities remain static and low. At my LCS, perhaps 1 in a 100 people selling their stuff has a real collection, rather than a few bags of loose coins, some partly completed folders and a box of mint products. In the last few years, the biggest collection was one of world coins that might have had a retail value of $30,000. They have had people bring in over 10 ounces of gold but I would not call that a collection.
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Pillar of the Community
United States
7273 Posts |
Based on some of the regular posters on here, I think there are a few exceptional collections on here. A lot of them say they will die with there set. So none of them got a head start from a parent/grand parent?
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Pillar of the Community
United States
3281 Posts |
This is rather difficult for me to remember, but I'd say about four years ago, my grandfather pasted away. He was a huge coin collector. Sadly I wasn't able to explore said collection as it did not go to me. It went to his sons I believe, which I'm not that close too.
While I did not inherit it, I know for a fact that it was valuable. From what I heard, he had hundreds and hundreds of silver coinage (not just dimes either, a lot of dollar coins). He also had some fractional gold pieces which I was able to view. Can't exactly remember WHAT they were, but I do know he had quite a few gold pieces and they were valuable.
I do not 100% know his collection's value, but I can say with confidence that it exceeded $10,000.
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Pillar of the Community
Canada
5239 Posts |
Yes there are a few exceptional collections here. At least one of the members here sold his truly exceptional collection, meaning that will not be inherited. Many if not most of such collectors want to make sure that their estate doesn't have a problem to plan for its disposition or sell it prior to their death. |
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Rest in Peace
United States
18456 Posts |
Quote:So did you or do you know of someone that inherited a valuable or exceptional collection . Wow , you left me wide open for this one . Not yet but my Grandchildren will in the near future .  |
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Pillar of the Community
United States
1058 Posts |
One high-bore inheritance that ultimately brought over $75K was described and closely watched in this CCF thread: 1915 Panama-Pacific SetWhile not precisely an "inheritance," this thread about a serendipitous "find" has been keeping many of us in a similar state of vicarious suspense: 1652 New England Willow 3d?That little coin, I believe, is now at Stack's awaiting disposition. Happy hunting, everyone! Tom
"If everything seems to be under control, you're just not going fast enough."
--- Mario Andretti
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Pillar of the Community
United States
7273 Posts |
Quote:
One high-bore inheritance that ultimately brought over $75K was described and closely watched in this CCF thread: 1915 Panama-Pacific Set
What a great thread! Thanks for posting it. That was what I was asking about! |
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Replies: 21 / Views: 2,821 |
Posted 12/15/2021 11:01 am
