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 Replies: 22 / Views: 3,155 |
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Valued Member
Canada
212 Posts |
long run?
For my part I do buy some rare coins and one day when my brother's daughter will be around 25 or 30 (she is to be born this September)I will buy her a house and pay her university education since I don't have any kids and not going to have any in the future.
Edited by Matrix1980
05/19/2011 6:06 pm
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Pillar of the Community
Canada
1554 Posts |
 Matrix, the only problem with that scenario is that your future niece who will be born in September will someday have a boyfriend that is hooked on crack cocaine/crystal meth and spend all your RARE coins at face value to find his next fix! Welcome to the 21st Century.................  Glenn Edited by glenzy1
05/19/2011 6:13 pm
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Valued Member
 Canada
212 Posts |
glenzy1:
If that is the case I would be very surprised my brother is a very successful person and so is his wife (much more so than I am) and they neither one drinks very much and do no drugs at all. They also live in a very nice neighborhood so all the cards are in there favor or so I hope. But hey if she turns up side down then all my money is going to the SPCA to help animals in need.
The 3 of us have completed university (in 3 very different fields so either way one of us will be able to help her if needed) so we can get her set up easier and make sure she is well educated.
Edited by Matrix1980
05/19/2011 6:36 pm
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Pillar of the Community
United States
8904 Posts |
Quote:
your future niece who will be born in September will someday have a boyfriend that is hooked on crack cocaine/crystal meth and spend all your RARE coins at face value to find his next fix! This seems like a pretty insensitive and rude thing to say to someone who is hoping to help out his family members with his valuable coin collection.  |
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Valued Member
Canada
212 Posts |
Moe145:
Each person has a different feeling of the future I try to see the good and bad. Some see only the good and some only the bad depends on what kind of life they had.
Edited by Matrix1980
05/19/2011 6:27 pm
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Pillar of the Community
Canada
1733 Posts |
Well isn't that an optimistic viewpoint.
Myself they are destined for the kids all of whom are well schooled in what to do with them including disposal. They know the market, they know the venues available and some of them HAVE to go since there are literally many, many square meters of solid coins. Far more than most coin shops. It's actually ridiculous, I admit it. My son probably has a 25 cent collection rivaling any registry set that I started building when he was born. He loves them and though I made it clear he could sell or do what he wished, he never has. So there you go.
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Valued Member
Canada
212 Posts |
Ugly:
I also hope a few stay in the family for a few generations and whom ever down the road will have a great life and just be able to enjoy the world without any stress of society.
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Pillar of the Community
United States
3184 Posts |
even children who come from good families can end up on the wrong path but lets hope not!
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Valued Member
Canada
212 Posts |
mkman123: I know but much less likely to continue rebellion in there 20's and 30's. My brother's wife has a master's in social work so she will know the signs and what to do if  hits the fan. Edited by Matrix1980
05/19/2011 6:40 pm
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Pillar of the Community
United States
1064 Posts |
I don't think poster meant for this thread to be quite so depressing!
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Valued Member
Canada
212 Posts |
JackB:
No not really but if anyone else wants to share some positive future plans feel free.
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Pillar of the Community
United States
8904 Posts |
I think of my collection the same as classic cars. They (at least) hold (most of) their value, you can enjoy them now (versus your 401(k) that sits in the bank for later) and then if, and when, you or your heirs decide, they can be liquidated for other things.
Of course, I still have my 401 (k) and other investments but this is a very enjoyable diversification of my investments!
Note: It is extremely important to make sure our heirs understand these things are NOT face value coins, etc. (Just like Ugly said!)
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Pillar of the Community
United States
597 Posts |
i have a complete list of what coins go to what auction houses and what coins go on ebay and whether or not to group them or sell them one at a time. |
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Valued Member
Canada
212 Posts |
Nice to see other people have plans as well!!
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Pillar of the Community
Canada
617 Posts |
matrix1980
first of all congratulations on your niece to be.
As for the future for my collection, I will probably sell or trade most of the unnecessary stuff and keep a good core collection, and I hope whoever gets it appreciates it and carries on the tradition.
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Valued Member
United States
294 Posts |
For me, everything goes to the granddaughter when I'm gone. She's three now. What she does with it is her business. She makes 100% profit on the collection, because at this point she has zero invested in it. Hopefully I've instilled at least some interest in the hobby. She sits with me and "helps" while "pappap looks at money". But she knows how to handle a coin, knows what she's not allowed to touch, knows how to use a 2x2. She doesn't know a cent from a half, but she listens well (at least for this), has some fun with me, and if she's not careful, may actually learn something along the way.
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Replies: 22 / Views: 3,155 |
Posted 05/19/2011 6:19 pm
