Home U.S. Coin Forum

I just inherited a large and seemingly RARE coin collection - want to give back to family - HELP!

13

Comments

  • TomBTomB Posts: 21,639 ✭✭✭✭✭

    I've stayed out of this thread because I expected major confusion and wildly differing bits of advice. However, with this update you have given I will suggest the following-

    1) Keep to your stated desire to stop posting. There is nothing more needed by anyone here and you do not need to waste your time or to be brought into genuine or trolled debates.

    2) Meet with Mark Feld and trust him. He is the real thing and you are lucky to be able to call him a resource.

    3) Good luck.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • BryceMBryceM Posts: 11,827 ✭✭✭✭✭
    edited November 21, 2021 2:34PM

    Good job OP!

    I would only add one bit of information. The Krugerrands, $20 Liberty, and other gold coins are incredibly valuable irrespective of their value to collectors. Collectors are only a subset of those who will buy gold. You’ll soon discover if any are in good enough condition to carry a significant numismatic premium, but most of the inherent value will likely derive from the metal content. I’m sure you’ve surmised that by now.

    Best of luck and I sincerely hope it works out well for everyone.

  • MizzouMizzou Posts: 529 ✭✭✭✭
    edited November 21, 2021 3:41PM

    "I also have all United States Mint Proof Uncirculated Sets (whatever that is - sorry, I am still a novice)"

    @Dnice8 you should have taken the advice Sparky64 gave you back on May 18 to buy a Red book

    Wisdom has been chasing you but, you've always been faster

  • kazkaz Posts: 9,222 ✭✭✭✭✭

    Much sound advice has been offered in this thread and it looks like Dnice8 is on the right path for handling this collection. Unfortunately, trollism seems to have set in, as it usually does, so I would like to ask a moderater to CLOSE THIS THREAD, please?

  • JBKJBK Posts: 15,891 ✭✭✭✭✭
    edited November 21, 2021 4:36PM

    Let's turn it into a contest or giveaway! ;):D

  • markelman1125markelman1125 Posts: 1,858 ✭✭✭✭✭

    According to coin facts the $3 coin is worth at least $2000 if EF. That is just one of many that you have. You have thousands of dollars in gold melt alone. I am just stunned that her kids could be so ignorant when there mother was going to give them thousands of dollars in gold.

  • jmlanzafjmlanzaf Posts: 35,321 ✭✭✭✭✭

    @Mizzou said:
    "I also have all United States Mint Proof Uncirculated Sets (whatever that is - sorry, I am still a novice)"

    @Dnice8 you should have taken the advice Sparky64 gave you back on May 18 to buy a Red book

    I'm not sure why you are being so critical. At least you deleted your prior criticism. She asked for help and got it.

    A Red Book wouldn't have helped her with the K-rands...

  • logger7logger7 Posts: 8,708 ✭✭✭✭✭

    @markelman1125 said:
    According to coin facts the $3 coin is worth at least $2000 if EF. That is just one of many that you have. You have thousands of dollars in gold melt alone. I am just stunned that her kids could be so ignorant when there mother was going to give them thousands of dollars in gold.

    I agree, totally mind boggling that inheritors would be so indifferent to free money.

  • ms70ms70 Posts: 13,956 ✭✭✭✭✭
    edited November 21, 2021 6:52PM

    .

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • markelman1125markelman1125 Posts: 1,858 ✭✭✭✭✭

    @logger7 said:

    @markelman1125 said:
    According to coin facts the $3 coin is worth at least $2000 if EF. That is just one of many that you have. You have thousands of dollars in gold melt alone. I am just stunned that her kids could be so ignorant when there mother was going to give them thousands of dollars in gold.

    I agree, totally mind boggling that inheritors would be so indifferent to free money.

    Yea if My family members offered a collection like that I would have taken it and ran

  • Steven59Steven59 Posts: 9,065 ✭✭✭✭✭

    Package it up detailing the inventory and contact Great Collections to auction it off.

    "When they can't find anything wrong with you, they create it!"

  • MasonGMasonG Posts: 6,261 ✭✭✭✭✭

    @jmlanzaf said:
    It's like no one actually reads the threads....

    And they think they're helping when they respond without doing so. :'(

  • daltexdaltex Posts: 3,486 ✭✭✭✭✭

    Not really on topic, but I hope the OP feels free or is offered to keep a few of the interesting and less valuable coins. It would be a nice tangible reminder of the friendship and how she refused to take advantage of it.

  • messydeskmessydesk Posts: 20,089 ✭✭✭✭✭

    After reading this thread, it appears that consulting with Mark Feld is the way this is headed. He may suggest local dealers in Houston known to be reputable, including Bonnie Sabel and U.S. Coins.

  • SwampboySwampboy Posts: 13,051 ✭✭✭✭✭

    Another good reason we should welcome newbies; the Forum can always use more members who can comprehend the written word.

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • Desert MoonDesert Moon Posts: 5,913 ✭✭✭✭✭

    @ElmerFusterpuck said:
    Lots of good advice given here, I'd listen to folks like @MFeld and @BryceM. You mentioned you live in Houston. There is a good coin shop there called US Coins, juts off of I-10 near exit 761. I've visited that shop several times, they are very reputable. If you are shopping around for selling that gold, give them a call or bring a few of the coins by there.

    This. US Coins is an excellent shop work with, I have sold them gold numismatic coins in their shop, we sat down and worked out the value in a straightforward and honest way before agreeing to price.

    Best, SH

    My online coin store - https://desertmoonnm.com/
  • Desert MoonDesert Moon Posts: 5,913 ✭✭✭✭✭

    @spacehayduke said:

    @ElmerFusterpuck said:
    Lots of good advice given here, I'd listen to folks like @MFeld and @BryceM. You mentioned you live in Houston. There is a good coin shop there called US Coins, juts off of I-10 near exit 761. I've visited that shop several times, they are very reputable. If you are shopping around for selling that gold, give them a call or bring a few of the coins by there.

    This. US Coins is an excellent shop work with, I have sold them gold numismatic coins in their shop, we sat down and worked out the value in a straightforward and honest way before agreeing to price.

    Best, SH

    And I forgot to mention, Ikea is almost right across I10 from US Coins so you can do you home shopping at the same visit! :D

    My online coin store - https://desertmoonnm.com/
  • 1northcoin1northcoin Posts: 4,536 ✭✭✭✭✭

    Not sure why one would suggest closing this thread. There is lots of helpful information that extends beyond the OP's original query.

  • jmlanzafjmlanzaf Posts: 35,321 ✭✭✭✭✭

    @1northcoin said:
    Not sure why one would suggest closing this thread. There is lots of helpful information that extends beyond the OP's original query.

    And, frankly, a minimal amount of trolling.

  • MizzouMizzou Posts: 529 ✭✭✭✭

    Trolling is when someone makes a deliberatively provocative comment or post and waits for people to take the bait. ..

    The trolling was done by the initial post -

    Wisdom has been chasing you but, you've always been faster

  • markelman1125markelman1125 Posts: 1,858 ✭✭✭✭✭
    edited November 22, 2021 1:12PM

    @Dnice8 Looking at the picture with the 1oz coins you have at least 50 1oz gold coins 1coin is worth approximately $1860 per coin in gold melt alone. The pile of gold you have is worth at least $90,000. From the pictures you gave us you have a collection worth $100,000+ in value. I recommend doing your research yourself carefully to inform your friend the true value of the collection. It’s a great responsibility handing a collection valuable enough to buy a house or pay for college.

  • DavideoDavideo Posts: 1,363 ✭✭✭✭

    @JBK said:
    Her kids need to put down the electronic distractions and start paying attention to the real world. :*

    No need to denigrate anyone. More likely the kids are grown with distractions like a job and family, though we have no idea and no reason to speculate.

    On a related note, "electronic distractions" are actually more relevant to the real world than coin collections.

  • JBKJBK Posts: 15,891 ✭✭✭✭✭

    @Davideo said:

    @JBK said:
    Her kids need to put down the electronic distractions and start paying attention to the real world. :*

    No need to denigrate anyone. More likely the kids are grown with distractions like a job and family, though we have no idea and no reason to speculate.

    On a related note, "electronic distractions" are actually more relevant to the real world than coin collections.

    Yes, of course, there could be other factors. It was just a commentary on how this person's kids couldn't recognize over $100,000 worth of gold as being valuable. Whatever the reason, that's kind of sad in my book. And I suspect they aren't alone.

  • jmlanzafjmlanzaf Posts: 35,321 ✭✭✭✭✭
    edited November 22, 2021 4:01PM

    @JBK said:

    @Davideo said:

    @JBK said:
    Her kids need to put down the electronic distractions and start paying attention to the real world. :*

    No need to denigrate anyone. More likely the kids are grown with distractions like a job and family, though we have no idea and no reason to speculate.

    On a related note, "electronic distractions" are actually more relevant to the real world than coin collections.

    Yes, of course, there could be other factors. It was just a commentary on how this person's kids couldn't recognize over $100,000 worth of gold as being valuable. Whatever the reason, that's kind of sad in my book. And I suspect they aren't alone.

    Her "kids" are likely in their 50s as she is in her late 70s.

  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    I agree, totally mind boggling that inheritors would be so indifferent to free money.

    Yea if My family members offered a collection like that I would have taken it and ran

    All that I ever got were left over bills to pay.

    I tossed them

    Frank

    BHNC #203

  • AlexinPAAlexinPA Posts: 1,458 ✭✭✭✭✭

    Quite an interesting thread.

  • MizzouMizzou Posts: 529 ✭✭✭✭
    edited November 22, 2021 3:39PM

    Trolling is when someone makes a deliberatively provocative comment or post and waits for people to take the bait. ..

    The trolling was done by the initial post -

    SWEET. Then it looks like I accomplished my goal. You've been responding. Thanks for pointing that out for people <3

    @Dnice8 after all the negative things I posted about your situation, you responded with a comment that made me laugh and a heart. I thought I 'd get a rise out of you sooner - you have the patience of a Saint.

    Wisdom has been chasing you but, you've always been faster

  • MFeldMFeld Posts: 14,023 ✭✭✭✭✭

    @Mizzou said:
    Trolling is when someone makes a deliberatively provocative comment or post and waits for people to take the bait. ..

    The trolling was done by the initial post -

    @jmlanzaf said:

    @JBK said:

    @Davideo said:

    @JBK said:
    Her kids need to put down the electronic distractions and start paying attention to the real world. :*

    No need to denigrate anyone. More likely the kids are grown with distractions like a job and family, though we have no idea and no reason to speculate.

    On a related note, "electronic distractions" are actually more relevant to the real world than coin collections.

    Yes, of course, there could be other factors. It was just a commentary on how this person's kids couldn't recognize over $100,000 worth of gold as being valuable. Whatever the reason, that's kind of sad in my book. And I suspect they aren't alone.

    Her "kids" are likely in their 50s as she was in her late 70s.

    “she is”, not “she was”, and that’s probably a very important difference to her, her family and her friends.😉

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • pointfivezeropointfivezero Posts: 1,857 ✭✭✭✭✭
    edited November 22, 2021 3:52PM

    @Dnice8 said:
    Would like to thank everyone who recommended @MFeld I just finished speaking to him and he was great.

    Hi @Dnice8 and welcome to the forum. I have followed this thread with interest. I must admit, I cringed when I saw your initial post as there is generally some rather unpleasant initiation ritual one must suffer through when first posting on this site. Hopefully, you have gained more in information than you lost in respect for some of our members.

    I finally chose to respond because I'm so happy you selected @MFeld as your contact person. Mark has unselfishly helped most of us at one time or another on this forum, including me. A classier act cannot be found here or anywhere in the numismatic community, in my humble opinion.

    Tim

  • jmlanzafjmlanzaf Posts: 35,321 ✭✭✭✭✭

    @Mizzou said:

    Trolling is when someone makes a deliberatively provocative comment or post and waits for people to take the bait. ..

    The trolling was done by the initial post -

    SWEET. Then it looks like I accomplished my goal. You've been responding. Thanks for pointing that out for people <3

    @Dnice8 after all the negative things I posted about your situation, you responded with a comment that made me laugh and a heart. I thought I 'd get a rise out of you sooner - you have the patience of a Saint.

    And why would you force her to strut out her sainthood? Smh...

  • pointfivezeropointfivezero Posts: 1,857 ✭✭✭✭✭

    @Dnice8 said:

    Thank you. I get it. I wouldn’t totally trust my post, either. I posted it in the middle of a stressful situation and didn’t think through how it would come across.

    I’m not a veteran of these boards and I don’t blame anyone on here at all for second guessing my motives. It’s cool. Life is too short to worry about stuff like that. I’m just grateful for all the help I did receive. Truly. Y’all are all great (including that crabby @Mizzou 😊)

    Lol - I am an 11 year veteran of this board and I get ridiculed on the regular, which is why I only post periodically. At least it has taught me to be less thin-skinned than my previous self. Anyway, welcome to the forum. We sensitive types hope you stick around. It's worth it.

    Tim

  • 3stars3stars Posts: 2,291 ✭✭✭✭✭

    ignore the plonkers...

    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • JBKJBK Posts: 15,891 ✭✭✭✭✭

    @jmlanzaf said:

    @JBK said:

    @Davideo said:

    @JBK said:
    Her kids need to put down the electronic distractions and start paying attention to the real world. :*

    No need to denigrate anyone. More likely the kids are grown with distractions like a job and family, though we have no idea and no reason to speculate.

    On a related note, "electronic distractions" are actually more relevant to the real world than coin collections.

    Yes, of course, there could be other factors. It was just a commentary on how this person's kids couldn't recognize over $100,000 worth of gold as being valuable. Whatever the reason, that's kind of sad in my book. And I suspect they aren't alone.

    Her "kids" are likely in their 50s as she is in her late 70s.

    Yes, most likely the case. But that was not stated until later on...

    Either way, gold is gold, and I think everyone should know that gold has value. ;)

  • jmski52jmski52 Posts: 23,024 ✭✭✭✭✭

    @Dnice8 - being a coin collector, y'all should stick around - you would fit right in!

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MsMorrisineMsMorrisine Posts: 33,715 ✭✭✭✭✭

    I forgot to mention that there is “collectible bullion bars and ingots”

    Rare one might have $100 in say silver but sell for several hundreds

    The same idea applies— the chances of having one is low because they are rare, but you never know

    This site’s precious metals forum has people that can tell you what you have.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Russell12Russell12 Posts: 264 ✭✭✭✭

    PLEASE let us know what the resolution to this is?

  • Samuel8Samuel8 Posts: 380 ✭✭✭

    Show us please "all of (or at least most of, as long as it’s not super valuable) the silver collection"!

  • Dnice8Dnice8 Posts: 48 ✭✭✭

    It will take quite a while before I have any resolution, it sounds like. I have to send a bunch to be graded and then I will know the appraisal value. From there, she will decide what to do.

    I haven’t even looked at many of the silver coins yet. I’ve got everything in a safety deposit box now and am giving myself a break for a few days. Going to go hang my niece and nephews. If anything comes to fruition, I will update!

  • Dnice8Dnice8 Posts: 48 ✭✭✭

    @MFeld Oh my gosh. LOL. That might be the worst grammar mistake I’ve ever made. Thank you for catching! I hope you have a great Thanksgiving 😀

  • MFeldMFeld Posts: 14,023 ✭✭✭✭✭

    @Dnice8 said:
    @MFeld Oh my gosh. LOL. That might be the worst grammar mistake I’ve ever made. Thank you for catching! I hope you have a great Thanksgiving 😀

    Thank you and I wish you the same.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file