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Do you worry about what will happen to your coins...

...when you’re gone? Not a pleasant subject, I know...

I wonder if whoever ends up with my coins will “love” them as much as I do and take as good care of them. As much as I’d want to help my relatives, I wouldn’t want to leave my coins to them if I knew that they wouldn’t have an appreciation for them. Does that make sense? I would compare that to not wanting to leave a dog or cat with someone who didn’t love animals. I wonder if there is an organization with knowledgeable numismatists that will accept coins as a donation upon someone’s death. Or maybe an organization that will sell my coins for a reasonable price and then give the proceeds to my beneficiaries. Is there anything like this around?

This issue has been discussed here before, but I thought that I’d bring it up again. It’s a pretty important question to consider.

Dan

Comments

  • I know the ANA would gladly accept donations of any kind. Universities have been the recipients of more than one collection also. There are many ways to ultimately distribute a collection. A little research on your part now while you are still able can lead you to making the right choice.

    Boy/Girl Scouts, schools, churches, hospitals...there are many groups that would be willing to accept such a gift. I might add that the larger the value of such gift the more likely it is that a University or hospital would want to accept it and use it to their most good. And the opposite would be true for organizations that are more people oriented.
    Holes-in-One
    1. 7-17-81 Warrenton GC Driver 310 yards 7th Hole (Par 4)
    2. 5-22-99 Warrenton GC 6 iron 189 yards 10th Hole
    3. 7-23-99 Oak Meadow CC 5 iron 180 yards 17th Hole
    4. 9-19-99 Country Lake GC 6 iron 164 yards 15th Hole
    5. 8-30-09 Country Lake GC Driver 258 yards 17th Hole (Par 4)

    Collector of Barber Halves, Commems, MS64FBL Frankies, Full Step Jeffersons & Mint state Washington Quarters
  • Not worried in the slighest bit, granted I'm only 22, but when that day comes that I'm put into the ground...my coins are coming with me. ALL of them imageimage
  • relayerrelayer Posts: 10,570

    when that day comes that I'm put into the ground...my coins are coming with me

    Don't tell Anaconda or his great-great grandson will come dig you up for all your naturally toned coins.
    image
    My posts viewed image times
    since 8/1/6
  • I have left instructions to sell them at a yard sale.
    "location, location, location...eye appeal, eye appeal, eye appeal"
    My website
  • Put your wishes in your will. I believe your best bet would be to pick a dealer or friend that you trust to sell the coins for you and disperse the money according to your wishes. Donating to a church or hospital does not always work the best as they still have to find a reliable meens to sell the coins. I really don'y care who gets my coins, but am most worried about the family not getting screwed out of them. That is why I have a dealer picked out that I feel will treat them fair, and at least get good money for them.

    Jay
    image
  • nwcsnwcs Posts: 13,386 ✭✭✭
    I've wondered myself. I've thought of two possibilities. One is to leave it to the church with the idea of the church selling them all to raise money. The second is that I'll sell most of everything at age 55 and then use the proceeds to help retire early. Of course, who knows what'll happen?
  • LanLordLanLord Posts: 11,714 ✭✭✭✭✭
    No concerns. When I exit this dusty spec we call Earth, may family is free to do with as they please. The coins served me as a source of entertainment and enjoyment, I hope it serves them as a source of income, not a dream or wish to get back what they have lost.

    God has bigger plans for me when I exit here than to worry about coins.
  • I'm looking at the bigger picture. I wonder why I save them at all when they're only going to vaporize when the Sun Super Nova's.
  • I know what will happen to mine. My brother will take them and keep himself in beer and pool games for quite sometime.
  • In between your mortal demise and the sun going nova (insufficient mass for supernova), the coins in your collection will reintegrate with other collections, and be revered by other collectors, most likely unknown to you and your heirs.

    That's how many of the coins in your collection came to you, through the channels available in commerce and pocket change, and were picked out. Many of the older coins were once in other collections, perhaps more than a just a few.

    To quote the evil priest in the Indy Jones movie, 'They will be found'.

    Perhaps they'll meet others of their ilk in their new collections, after being broken up and resold, and recollected, and resold again?

    They will be found, and collected in a recycling pattern of huge proportions, over scales of time unimaginable to our minds!
    Comforting, yes? Then they'll be converted to iron in the great solar furnace, and cast back out to the cold, black universe of space....
    Every day is a gift.
  • Then they'll be converted to iron in the great solar furnace, and cast back out to the cold, black universe of space....

    why do I even bother?

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