Family Silver Hoard Discovered! - Page 2

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Author	Replies: 34 / Views: 4,982	Page: of 3

Ed_B Pillar of the Community United States 4008 Posts	Posted 04/15/2011 12:51 pm Quote: Wow, that is great to hear, good stuff. Sounds like an amazing collection..... My mother gave me like 11 silver rounds she bought for like 10 bucks each back in 2001 and she was blown away tonight when I told her they were now worth around 50 each.... - Silverhawk Thanks, Silverhawk. Yes, it was quite a day and I can't ever remember being more surprised. At least, it was a surprise in a good way! Silver has had a huge run-up since 2001, for sure, and looks to be poised to continue that run. Considering that gold could get to $1600/oz. this year, silver at $90-100/oz. would not surprise me. If it did that, it would then be at the traditional 16-17:1 gold:silver ratio. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/15/2011 12:58 pm Quote: WOW, I can just imagine your excitement. That is a lot of silver to "discover" in your own family. I agree with the previous past regarding protection of the coins in 2 x 2s etc. You might also look into a safe or some other larger storage box that is safe for coins long term. I would definitely search for key dates as well. - Numismaniac Yes, it sure was a lot of silver to see all at once. It sure made my collection look tiny by comparison... for now. Protection for the individual coins is definitely a must and I will get a bunch of 2x2s just for that. Besides... that will give me a GOOD reason to look at their stash again and perhaps even get some digital pictures. Not sure if they will go for that but they might. It would also be good to do a complete accounting and record all of the coins as to quantity, date, general condition, etc. Yes, they do have a safe. It is an older unit but it is a commercial quality bank safe, so pretty secure. They also have an alarm system, which is good. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/15/2011 1:01 pm Quote: That is an extremely cool story! My dad has some silver stashed away, so I'm going to make him pull it out and organize it. Thanks, Johnny. I just HAD to share this with the rest of the coin collecting community. Organizing your Dad's collection would be a great thing to do. I want to do that as well and am looking forward to doing it. It will take a while but I can't imagine a more pleasant activity. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/15/2011 1:14 pm Quote: My father has that same hoard. Being a product of the depression and a soldier in WWII, he has the same mind set as your parents. I remember going to the bank as a kid with my father and going into his safety deposit box and looking at his jelly jars of silver coins. I was truly fascinated. Most from that generation grow up poor, and a rainy day fund was a must. We could all learn from those of the "Greatest Generation". But today I tell my dad that silver is quite high, and to sell and do something with the money. Something he would enjoy, like a trip. Go to Las Vegas and throw it all down on black. But with my mother no longer with us, I'm sure he has no heart for that. The time will come that us three kids will have to sit down and figure out what to do with this gift our father has diligently saved away for that rainy day. I'm not looking forward to that day. A few coins will not make up for the loss of a good father, that is for sure. Ed_B, they saved you more than money. They save you memories! Todd Yes, the people of that generation share much in common. My folks are depression era people and they both learned and passed on MANY astute observations on how to succeed in life. This is the true treasure that they pass on to the rest of us. So you saw your father's coin collection and the interest in it started early in your life. That's a fine story too and one that is probably shared with many of the people on this site. I can understand your Dad's thoughts on not cashing in his silver coin collection. At some point in our lives, we look to the future well-being of our beloved family members and try to think of ways that we can help them when we are no longer here. A family legacy such as this is a great way to do that if the family appreciates the true value of the collection as an insurance policy against financial disaster and not some goodie to be cashed in and blown on non-essentials. This is why my folks want me to have their collection. They know that I will treat it with the respect that it is due. It is a symbol of the sacrifices made by my parents and grand parents. Keeping it in the family, ready to deal with BIG problems will be my way of honoring their sacrifice in creating it. I will do all I can to increase it so that my children and grand children will have the same legacy in the future. No, Todd, I am NOT looking forward to the folks passing. That will be a terribly sad day for me. They have already given me more than I can ever repay them. They taught me how to be a good person and how to be successful in life and no amount of money can buy that, not ever. Like you, I also treasure memories, for they are the only "wealth" that we can take with us when we leave this Earth. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/15/2011 1:18 pm Quote: Quite a find! Definitely see if you can search the lot! - Rsxtacee I fully intend to do that and I am sure that my folks will be OK with that. My 1st order of business will be to get some 2x2s to protect the dollars and half dollar coins and then to build a catalog of them. It would be good for them to know what they have. Once that is all done, I can then worry about figuring out any numismatic value that any of these coins might have. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/15/2011 1:22 pm Quote: That was a great story. I could picture the bags and bags of silver being brought out one by one and the look that must have been on your face. Thanks for sharing! Thanks, CoinHunter. All of the people on this site have been so helpful and eager to pass on some of their knowledge of the fascinating area of coin and bullion collecting that I felt I should pass on this story and perhaps pay back a bit of that. Yes, I am sure that my face was in complete shock at the time. The only smilie that we have here to describe it is... Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/15/2011 1:24 pm Quote: Well...you know...that just makes me wanna' (Shout) Kick my heels up and (Shout) Throw my hands up and (Shout) Throw my head back and (Shout) Come on now ... Congrats! Lol, well thanks, Ken. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/15/2011 1:34 pm Quote: Trojan. Lol! Somehow, BiggFredd, I don't think that this is what they are called. I have heard about coins that are "encapsulated" but that article had no picture, so I wasn't sure what that was all about. Could these be called "capsules"? Quote: If you plan on inheriting your parents' coins, have them boogie down to the bank and get a lockbox. You described about $20,000+, which would be no harder for a burgurglar to carry than it was for your folks to bring it out and show it to you. I understand your concern, BiggFredd, but rest assured, they have a safe in their house that is of good quality and well bolted to the floor with some 1/2" lag bolts. They also have an electronic security system for when they are away from their home. It has a panic button and a couple of remotes that they can use from anywhere in their house. This isn't perfect security but it is pretty good. If it was up to me, I'd add a big dog (Dober-wiler!) and a .357 to the mix but maybe that's just me. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/15/2011 1:38 pm Quote: Wow great story Ed! I can't help but laugh at the thought of your face when they showed you the hoard of silver. Kinda like the knife scene from Crocodile Dundee, except with silver. "That's not a silver stash, THIS is a silver stash!" lol Thanks, Vinny. It was too good to keep to myself, so I just HAD to share it. HA HA! Yes, that was a GREAT scene in Crocodile Dundee... one of my favorites, actually. You're right about the situation too. I am sure that I had that hit-on-the-head look when I saw all of their coins. It really was pretty amazing. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/15/2011 2:09 pm Quote: That's a great story! Thanks, BW. I thought so too and wanted to share it. Quote: Instead she says "well, I have a collection from your grandpa that's going to be part of your inheritance, if you'd rather just have that early I can give you that for Christmas." I didn't even realize that there was a collection! That's the way that the oldest generation handles such things. They learned in WW II that, "Loose lips sink ships", and they really took it to heart! That is a very nice collection you have there and the shock of receiving something like that out of the blue has to be felt to be truly appreciated. Quote: but my mom is one of 7 sisters and the collection got divided between them! So all of the cool stuff I got was only 1/7th of the collection! And therein lies the real enemy of collection... dispersal amongst multiple heirs. This IS a thorny problem, though. A collector would hope to leave such a nice collection to another collector in the family. My son would be an excellent candidate but he and his wife do not want children, so no help there. My daughter would be more likely to sell it to the 1st buyer who came along and offered more than face value. Heck, she might even take face value for it. Arrgghhh! There IS a bright spot, though, and that is my grand daughter. She's only 8 years old now but is VERY bright, inquisitive, and interested in just about everything. When she was 4 years old, she was visiting us and my wife asks her if she wants to watch some TV. Her reply was, "No Grandma, watching TV makes you stupid!". Holy cow! Out of the mouths of babes! Quote: Then my grandma on my dad's side found out that I was wanting coins and said that my late uncle had a collection that I could have. Wow! Another very nice addition to your family collection. Congrats! Quote: Still, very cool to be able to assemble a "family collection" like this. I now have the stuff that I have personally purchased, stuff my wife inherited from her grandfather, and the collections from my grandpa and uncle. It's turning out to be a nice little collection and definitely something I will be proud to pass down to our (potential) children in the future. Yes, you have a terrific start on an awesome family collection. Congrats to you and to all in your family who participated in building this up. It really is quite an achievement. Hopefully, you will one day have an heir who is as interested in coin collecting and preserving the family collection as you are. Report this Post to the Staff
bwbollom Valued Member United States 293 Posts	Posted 04/15/2011 2:39 pm Quote: And therein lies the real enemy of collection... dispersal amongst multiple heirs. This IS a thorny problem, though. A collector would hope to leave such a nice collection to another collector in the family. My son would be an excellent candidate but he and his wife do not want children, so no help there. My daughter would be more likely to sell it to the 1st buyer who came along and offered more than face value. Heck, she might even take face value for it. Arrgghhh! There IS a bright spot, though, and that is my grand daughter. She's only 8 years old now but is VERY bright, inquisitive, and interested in just about everything. When she was 4 years old, she was visiting us and my wife asks her if she wants to watch some TV. Her reply was, "No Grandma, watching TV makes you stupid!". Holy cow! Out of the mouths of babes! Yes, you have a terrific start on an awesome family collection. Congrats to you and to all in your family who participated in building this up. It really is quite an achievement. Hopefully, you will one day have an heir who is as interested in coin collecting and preserving the family collection as you are. Thanks for the replies Ed_B! I'm really afraid to ask my aunts about what happened to their portion of my grandpa's collection. I know almost for sure that at least one of them sold / used it for beer money. One of my other aunts definitely still has hers because my mom told her that I was interested and she emailed to ask if there were any holes in the books that she might be able to fill with her portion. That was nice of her. The others could be anywhere from "cashed in the day after received" to "sitting in a box / safe somewhere." I don't know that I can really ask, but I might see if my mom knows anything more about what happened and go from there. It's really cool that your granddaughter is showing such solid traits at such a young age! I don't know if you've discussed coins at all with her, but I started collecting at quite a young age and still have most of my coins from back then. You might discuss it with her in the near future and see what she thinks. Starting her off with an album of something old and silver and explaining the value to her might be fun! An album with 10-20 Mercury dimes and trips to the coin shop to add one or two each time she visits might be "fun times with grandpa!" and wouldn't have to be terribly expensive. That's what I started with when I was probably 10-12 and I'm still adding to and upgrading coins from that set whenever I can :) I'm very proud of my small but always expanding family collection. I even made sure to label below the reverse of each coin in the 7070 Dansco which family member each coin came from. That way whoever receives it from me will know that they have coins from the collections of many different relatives on all sides of the family. Oh, and when I received my grandpa's collection from my mom, she said that my dad also has a collection that my brother and I are set to inherit someday (hopefully no time soon!). I have no idea what he has...same as with the other collections, I didn't even know that it existed until that day! Craziness! I'm curious and I might ask him someday just to satisfy my own curiosity and to possibly help with 2x2s, tubes, etc. if he needs it. Thanks for sharing! Edited by bwbollom 04/15/2011 2:42 pm Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/17/2011 8:18 pm Quote: Thanks for the replies Ed_B! Thanks for sharing! No problem, BW. Sharing things like this is what grows and binds the community together. Quote: I'm really afraid to ask my aunts about what happened to their portion of my grandpa's collection. I know almost for sure that at least one of them sold / used it for beer money. Yes, that can be a touchy subject to bring up. People can read more into a simple inquiry of that kind than is really there. Also, some people are VERY sensitive / private about financial matters and do not feel comfortable discussing them even with other family members. I am especially blessed in that my Mom and Step-Dad do not feel this way and are very open and honest about such things... well, most of the time, anyway. Quote: One of my other aunts definitely still has hers because my mom told her that I was interested and she emailed to ask if there were any holes in the books that she might be able to fill with her portion. That was nice of her. Indeed it was. She must have been around other coin collectors to understand what it means for someone to have a "hole" in their collection. Quote: I don't know that I can really ask, but I might see if my mom knows anything more about what happened and go from there. Sounds like a reasonable approach. Your Mom should know how approachable these aunts of yours may be on such a topic. She should be able to give you some good guidance on that. Quote: It's really cool that your granddaughter is showing such solid traits at such a young age! Indeed it is! As my wife puts it, "she's 8 going on 18". She's very adult in many ways. Not that she doesn't have her "kid days", of course, but for the most part she's older than her years. Quote: I don't know if you've discussed coins at all with her, but I started collecting at quite a young age and still have most of my coins from back then. You might discuss it with her in the near future and see what she thinks. We have not discussed this because I just found out about it myself. She does like counting and stacking coins, though. My wife keeps a jar with loose change in it for parking meters and such and she always wants to get it out and count up what is there. Quote: An album with 10-20 Mercury dimes and trips to the coin shop to add one or two each time she visits might be "fun times with grandpa!" Indeed it would. Thanks for the suggestion. I will have to see if she has any interest in this. If she does, then we very well might just give that a try. I like the way that you fold some family history into your coin collection. That's great and will have a lot of meaning for your heir. It can really make a coin collection a personal and family treasure. Quote: Oh, and when I received my grandpa's collection from my mom, she said that my dad also has a collection that my brother and I are set to inherit someday (hopefully no time soon!). Can't agree with you more on that. We've already lost 3 of our 4 original parents and each time seemed like the worst day of our lives. It most definitely is not anything that most people look forward to... dread is a lot closer to the actual feeling. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 04/17/2011 9:52 pm Quote: It has a panic button and a couple of remotes that they can use from anywhere in their house. I mounted one of those portable panic buttons under my desk. This mid-teen boy was sitting at the desk, bouncing his leg up and down, and vibrated it loose, and it fell to the floor. I picked it up and put it back on its clip, and told the kid that he needed something to do, so I gave him a bag with a few hundred dollars in quarters to take to the bank down the block. Out the door he went, for a couple feet, anyway, before he was facing a cop with a drawn gun. I don't recall if he had to change his underwear, but I never saw him bounce his leg again. Report this Post to the Staff
pls Rest in Peace United States 1729 Posts	Posted 04/17/2011 10:54 pm Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/18/2011 01:42 am Quote: I don't recall if he had to change his underwear, but I never saw him bounce his leg again. LOL! Great story, BiggFredd. One with a happy ending is always good. Report this Post to the Staff
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