Where would you like to see your collection end up?

ColonialCoinUnion

Lets assume that you don't have any children or other relatives who share your enthusiasm and will carry-on your collection and add to it for the next 50 years -

So your options are as follows:

1) Sell your collection at auction, where 85% of what you own now will eventually be dipped and cleaned and shoe-horned into slabs with higher grades and sold to novice collectors for too much money (note you or your heirs won't see any of this money - it will end up in the pockets of the coin doctors who bought your nice original stuff at auction cheaply).

2) Donate your collection to a museum, where it will sit on dusty shelves in a dark storage closet for the next 22 years, to be seen only by the very occasional numismatic scholar who is doing some research. Eventually, these coins will either be curated by the non-numismatist museum staff to remove that 'ugly' toning and make them all shiny, or they will be stolen by the numismatic scholar who will replace the genuine coin with an electro when no one is looking. Or the museum will encounter financial diffiuclties and sell your collection in which case we are back at number 1.

3) Sell your collection intact to someone who specializes in this stuff - probably hes the guy who has been your primary competitor for these coins at auction for the last 10 years. You don't like him and he doesn't like you - and he'll pay you much less than the collection is worth. He at least shares your enthusiasm and probably will not destroy the coins like the participants of 1 and 2. Of course, when it comes time for him to sell, hes back in this same boat.

MadMarty

Or you can have Russ place it all on Black in the casino!

MadMonk

My only true date and mintmark set is a franklins. They were very carefully put together, and have damn good eye appeal. It would have to be a major auction where people could see them...any internet sales would be bad because I feel there are just too many undesireable coins slabbed. I have a smattering of other pieces, and a decent part of a gold type set...I'd have to stay with a major auction with those as well.

MrMoo

I was thinking I would just have it buried with me. Just to spite those who lowball me on the coins.

KlectorKid

Thats why I'm going to have my own museum, than I wont have to worry aboutthem.

nwcs

Probably #1 because it is not a given that my coins will be mishandled and I'm sure the money will be nice to have when I'm 60 or 70.

MacCoin

#3 is ok by me

numonebuyer

There is little chance I will outlive my wife. I would hope she would follow my instructions and turn the collection over to the person I designate to get the best price.

Collections are wonderful things, but we really do not own them. We are really just renting them. We have them for a period of time that we have and then the coins move on to someone else.

Numonebuyer

cladking

I'd like the US collections to go to the Smithsonian. The other collections I'd like
to see remain intact but will have little or no control over it.

jdimmick

If I died unexpectantly, then hopefully my wife would sell them. (Since my wife has no clue as to value, a Freind and I have an aggreement with each other, that if something happens, then the other will handle selling off the collection through a venue that will maximize the money.)

When I am up in age, and of ill health, then I may sell before I pass on.

khayse

Probably give them to my kids.

If not I wouldn't mind selling them.

> Collections are wonderful things, but we really do not own them. We are really just renting them. We have them for a period of time > that we have and then the coins move on to someone else.
Not if I have them buried with me.

-KHayse

grip

If I had anything to due with timing my death,I would sell them,and keep two gold coins to cover my eyes,and a few walkers,and all my errors,these will be offered to the gods to see me thru my afterlife.
Than return on my Harley with sadle bags full of gold..Cant waitAl

Russ

I was going to say take them with me, but I'm worried they might melt.

Russ, NCNE

k10

<< <i>I was going to say take them with me, but I'm worried they might melt. >>


Either that, or they'll "tone" nicely!

jeffnpcb

In a cylintrical vertical file!
Getting a little tired of getting a set together and have a few that I just can seem to agree on the value even with the POP's being reasonable.

grip

They might melt..LMAO

my3cents

I'm gonna give mine to Heritage with instrucrtions that they can put them up for auction from time to time over the next 300 years asking ridiculously high minimum bids. That should be fun

Shamika

#3

Bulldog

I would Love to see every coin in my collection, wind up in my Grand Daughters hands, as long as she continues to show interest in this endeavor.

MrEureka

You can't protect your coins forever. Sooner or later, a coin doctor, museum curator, volcano or meteor is going to destroy your coins. All you can do is prolong their death. I like L.E. Bruun's solution best. When he died in 1922 (?), his will required that his core collection be held intact for 100 years. When his collection is (hopefully) sold in 2022, it will be one of the greatest sales of all time.

Baley

4) sell them myself when I get up in age, and spend the money or leave it to the children.

once you've sold a coin, nothing prevents the new owner from conserving, melting, or throwing it in the ocean, if that's what they want to do with their property.

all this whining about coins being ruined is banging your head against a wall

you can't tell folks what they should or should not do with their own property.

the only thing we can do is take care of our coins when they're ours and enjoy them.

after that, who gives a flying whatever?

coincollector1989

With me to the grave

wallstreetman

Where would I like to see my collections end up?

#1, PCGSs not yours!

FatMan

At present my teenage kids have no interest in my collection. However, as they grow into adults I would like to believe they will grow to appreciate coin collecting. It would be my desire to have one, or both of my children continue with my collection.

ColonialCoinUnion

<< <i>4) sell them myself when I get up in age, and spend the money or leave it to the children.

once you've sold a coin, nothing prevents the new owner from conserving, melting, or throwing it in the ocean, if that's what they want to do with their property.

all this whining about coins being ruined is banging your head against a wall

you can't tell folks what they should or should not do with their own property.

the only thing we can do is take care of our coins when they're ours and enjoy them.

after that, who gives a flying whatever? >>



OK then.

Bear

While I auction some of my coins, generally I offer them back to the dealer I got them

from. Seems the fair thing to do and I am always treated fairly in return. Especially if they

are the dealers that I have been doing bussiness with, for a long time.

If I do not sell my collection while I am alive to help Mrs Bear and my bear cubs puchase homes,

then I will leave exact instructions as to the dispersal if needed to keep Mrs Bear in honey.

stujoe

If my kids don't want it, I would hope they would save it for the next generation. That is what my Mother did with my Grandfather's collection.

If not, sell everything however or to whoever so it will maximize the value.