Will you die with your collection?

Wondo

I'm talking in non-sudden death scenarios. Will you sell off, give away or will you hold 'til your cold?

Baley

depends on whether or not any of my heirs show any interest in numsimatics

(outside of "how much can I sell it for?")

if a child, grandchild, niece, nephew, etc. already has a collection of their own,
they will be likely to inherit some of my better pieces.

Sphinx357

Little too early to be thinking that far down the road.

Wondo

It's a nice way to pass knowledge, memories and in some cases, wealth. Don't know what I'm gonna do - hope to have a number of years left.

Bustman

My collection will likely go to my childrens college education. If there is anything left after that....their weddings. I have three daughters.

BBN

If I get a terminal illness then I'll probably sell to make sure all bills are covered. I also may pass them down to heirs that are interested. I have considered making a lists of orders for my wife on selling them in case of a sudden death. The last thing I'd hate to see happen would be my wife selling the whole thing at once to a dealer and getting robbed for lack of knowledge. Maybe send her to an ebay broker or have a knowledgable collector help her write up the auctions.

goldrush00013

I have a huge arrowhead collection that will be put up for auction when I die,

Wondo

<< <i>I have considered making a lists of orders for my wife on selling them in case of a sudden death. >>



My wife has a "death list" for me. I collect a bunch of stuff and she has a list of the guys I would trust to sell off my valuables.




edited for English

Russ

I will sell them all so that none of my greedy loser relatives will get any.

Russ, NCNE

Kennewickman

I am 60 years young and have an only child (daughter) who is not interested in coins, I think she wanted to have me committed when I told her I paid $200 for a penny (raw 72 DDO, now resides in pcgs holder at 65 red). So I think I am going to sell everything (very slowly) and leave her the money.

ealandg

My kids aren't that interested in numismatics, but they will get my coins. I doubt they will sell them unless they really needed the $, because although they don't care about coins, they are very sentimental.

MacCrimmon

Auction or she has instructions on who to contact in the event of my demise....with the asking prices....

Jackrabbit

Uncle Russ how can you say that??????????

nankraut

I'm with Russ on this one. In fact, I've already sold about 30% of my holdings.

puff

mgoodm3

Yeah, they'll probably pry them from my cold dead fingers. They can do whatever they want after that, cause I'll be fertilizer.

KUCH

My children and heirs will receive my collection. They certainly can continue or liquidate as they see fit. I have total confidence in their choice.

longtimecollector

What collection ?????????

I dont have a collection

There's nothing in my safe

Passing on assets without inheritance tax

Not me............ NEVER

jbsteven

dude, I am 33. I have not even thought of that kind of stuff.

Rodius

I am 44 and have been giving coins away to my nephews since they have been born. I wanted to start another generation of collectors. I usually give away the collector grade coins along with mint/proof sets for the family years of birth as well as the year sets I purchase. I have also given my my first registery Jeff Modern Proofs (#11 in the rating at the time). I do not have children and when it is my time to go the family will surely have very little knowledge of the coins, so why not store them safely away with my hiers. As long as they enjoy them, which I think they do. Just a thought.

MrKelso

Every thing will go to my Grandson and Daughter.

Bochiman

<< <i>depends on whether or not any of my heirs show any interest in numsimatics

(outside of "how much can I sell it for?")

if a child, grandchild, niece, nephew, etc. already has a collection of their own,
they will be likely to inherit some of my better pieces. >>



Unca Baley, I have a modest little collection....please remember me as a family member who holds you close to heart

KlectorKid

I have a good 60 years until i have to worry about that.

Gemini

Maybe I'll take a pair of 20 dollar gold pieces with me to help keep my eyes closed...

GoldCoinLover

I'm 16. If I die somewhere down the road, hopefully I'll die untill at the year 2068 or greater. I'd be 80 years old. I'm not sure what I'd do with my coins. My uncle tuffy collects coins, and he's in his 50's. My grandpa works in stocks, and he has 5 gold 1 oz austrailian kruggs, and 5 platinum austrailian kruggs. By that time both of them would be dead. I'd probably have grandchildren by then, or sons/daughters would probably pass it down to them.