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 Replies: 13 / Views: 2,015 |
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New Member
United States
14 Posts |
My father is terminally ill and he had amassed a extensive collection of coins over the years and my mother would like to check into the sale of these coins.........I think of the internet and such but this forum is the best way to maybe get a answer to her question.......Any ideas'? Thank You for your help
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Valued Member
United States
218 Posts |
quote:
Originally posted by Andrew
My father is terminally ill and he had amassed a extensive collection of coins over the years and my mother would like to check into the sale of these coins.........I think of the internet and such but this forum is the best way to maybe get a answer to her question.......Any ideas'? Thank You for your help
The bottom line here is how long until you need the coins liquidated? The faster you need the money the less you will receive for the collection, generally. Heritage (a large, highly respected dealer/auctioneer) has published a book(let) on what your options are, entitled, "The Collector's Handbook". It can be ordered here: http://coins.heritageauctions.com/c...No=960010022Also if you sign up with Heritage (also free) then you can download the book immediately from this link (pdf file): https://coins.heritageauctions.com/...Handbook.pdfIf you need the money immediately then your best bet is to take the collection (or at least the best pieces) to a handful of local dealers and ask them to make you an offer and then sell to the highest bidder. If you have more time and the collection is of high quality then read the book I recommended and it should help you quite a bit. Your biggest resource here is the creator of the collection, so if he is still able, then you would do well to find out from him what he has "invested" in his collection and what he expects that it would be worth at auction/sale. Most collectors are intimately familliar with the answers to those 2 questions. You father can save you dozens of hours of research if he is able to help you with this task, if not, it may be a difficult task if you demand full value. One final caveat is that you need to be wary of any price guide you may come across. They tend to be routinely wrong on the prices listed, in fact the PCGS guide is total rubbish and should be ignored. Edited by The_Cave_Troll
05/30/2006 2:35 pm
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Pillar of the Community
United States
7123 Posts |
Hi Andrew
There are several ways to dispose of a large collection,,it can be sold by the piece or set, it can be sold as a whole, but first and foremost this collection needs to have a real inventory and appraisal.
There is nothing worse than someone taking advantage of a situation that is unpleasant in the first place.
Please before you do anything else try and get a good honest reputable appraisal done on this collection.
once you know the value it will be much easier to decide which form of sale is the right one.
Im sorry to hear about your Father !!
Rick
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New Member
 United States
14 Posts |
Appreciate............I collect myself and understand somewhat the value of the coins and stamps he has so enjoyed over the years. It is good that myself (48) and my mother (79) have enjoyed a history with his collection........So bizarre.......She being a elderly gal, she decided to tell me to open the safe and bring the coins upstairs.......So here we are, mom and myself and dad sitting there on a couch pretty much out of it and he remembered where and when he acquired the stuff......I wonder about why things happen the way they do and my mother and father have done pretty good and it is not about the value of the collection but the finality of this with him. Thank You
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Moderator
 United States
23522 Posts |
Andrew,
First, please accept my sympathy and admiration for your ability to pursue the right thing even during such a trying time.
It sounds like your father was a typical collector, one who collected for the love of the collecting. If there is financial pressure, that's one thing, but if it is about closure and your father's wishes, then your best course is to do the most good for the most true collectors with it.
That is also the way to achieve the greatest financial benefit, as well, but it's the most work. It'll be necessary to identify each piece in the collection for grade, quality, and errors, if any, and then appropriately market it to the right audience of people who will most appreciate owning the item. In the broader picture, these are also the people who will pay the most to own them, anyways.
You do your parents credit by approaching this matter with such clarity. Cave Troll's words are absolute wisdom, and are a great place to start. Please do not hesitate to ask us here for any clarification you may require. We're here for the love of the collecting, too, and there are specialists in many issues among us.
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New Member
United States
14 Posts |
I guess I am going around in circles here, i.e., the history of his collection and granting my mothers desires to get rid of the collection...........Not sure if you folks understand that or what.......I am the youngest of 5 boys and she trusts me to help her make logical decisions regarding her husbands joys in life.......I sometimes feel that when life changes occur the partner of 59 years just decides to say "The hell with it"........And there it is folks........Not about the money, just she knows that is was apart of her husband and better to just let it go like she is letting him go.
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New Member
United States
14 Posts |
If I may, I would like to give you guys a inventory of some of the items in his collection and go from there.........I trust you folks and that is the most important thing at this point for me.......Is it OK to do this online?
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Moderator
United States
23522 Posts |
quote:
Originally posted by Andrew
If I may, I would like to give you guys a inventory of some of the items in his collection and go from there.........I trust you folks and that is the most important thing at this point for me.......Is it OK to do this online?
Absolutely. We will help with identifying which ones are, or could be, rarities, and if there's not enough information on the forum, someone here will know who to ask. |
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New Member
United States
14 Posts |
Dropped off the map after asking for info..........Lots of stuff to get done..... 1914D Wheat XF 1877 Indian Head XF 1909S vdb AU 1955 Double Die AU 1972 Double Die MS63 $300 in Morgan dollars......Graded from XF to AU 20 CC Dollars.....encased from when Nixon put them on the market, i.e., supposedly found I well start there and wait for feedback.........Thank You |
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Bedrock of the Community
United States
14454 Posts |
WOW!! 20 GSA Dollars!! what are the dates do you happen to know? He has alot of "key coins" like the 1955 double die, and the 1909 VDB and I think I would have a ball looking through 300 morgans, but without pictures of each of them it is hard to give you a price on them because there are so many different varieties in the morgan series its unreal. I can tell you that most GSA Morgans are going for close to 200.00 and some of the dates go alot higher than that
Edited by Bryan1315
05/31/2006 1:16 pm
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New Member
United States
14 Posts |
Any idea of the $50.00 Gold Comm. back in the 80's? I ask this as my Dad was a collector of the Comm.'s back then.
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Pillar of the Community
United States
626 Posts |
Are you talking about the 1915 Panama Pacific? I think that is the only $50 gold commem that the US Mint has ever put out, I may be mistaken. 2006 RedBook $26,00-$120,000. |
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Pillar of the Community
United States
7123 Posts |
Hi Andrew
All of the cents that you have listed Lincolns and the Indian unless they are slabbed and certified need to have that process happen to Get the Money they could be worth.
Unfortunately each of those coins have been counterfeited to the point where authentification is an absolute must .
Rick
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Pillar of the Community
United States
604 Posts |
Andrew I know you are going thruogh very trying times but dont give up hope. When I started coin colleting(which was a year ago) I always had a dream of restoring my family treasue. Now I know you want to sell but don't you have nephew or kids who will pass on the collection until they die and keep passing it on through your family until the world ends. You see my family owned a town in P.R. But we lost the deeds and our great treasure and our nobilty in one mysterious night which only a small little baby boy survived the fire unscathed.(Thats the reason why My signature has Don in the front because we were dons a long time ago.) But that happened in etheir the 1800 hundreds or the 1700 hundreds. So please keep the coins forever in your history for as long as you live. Ok please  |
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Replies: 13 / Views: 2,015 |
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Posted 05/30/2006 2:32 pm
