What will you do with your collection eventually?

1957joe

I've often thought about what I eventually do with my collection. Hopefully before I "check out" of life I will give a lot of it away to an interested collector. Whether it is one of my children or somebody I don't even know yet. Some of them were passed down to me so without question those will go to a family member. Who knows, maybe I will just sell them and LIVE IT UP!
What are your thoughts on what you will do?
Joe

Russ

When I'm on my death bed I'll crack them all out and give them as tips to the nurses.

Russ, NCNE

Kriek

<< <i>Interested collector ... Whether it is one of my children or somebody I don't even know yet. >>


Definitely, in some sense, I would like to keep them in the family of collectors.

Kennewickman

1957joe

sell them and live it up! I'am having a blast in retirement selling my collection on ebay.

wally

dlimb2

If I do not need them in my lifetime...I will have the ones that are of value graded...so if something happens to me, such as an accident...they will be graded and my family will then begin to know their worth and not be swendled...as I have taken pride in the coins that I collect, they are not junk...and I want my heirs to get the true value for them. I also collect vintage and antique watches which I have many beauties...all working and in prestine condition...

UncleJoe

Don't you mean 'What will my children eventually do with my collection?"

Joe.

mercurynut

I will most likely use them as part of my retirement funds and enoy life but thats many years away.

CapAnson

Have my entire collection melted down and used for my casket...

mrpaseo

My casket will be lined with slabs OK, really though the bulk of it will be passed down to our daughter, hopefully they will stay in the family for many years.

louiskeller

Most will go for retirement, others I will give away to my nieces and nephews. Still some will be sold at cost to really 'Good people' who can't afford nice pieces.

One dealer, who passed away recently, was a really great guy. He sold me some coins at his cost because we had a good rapport and he knew what I was trying to collect. He did not try to cheat anyone that I know of.

I really miss my friend... and not because I got some great deals, but because he was honest and a real afficiando of the hobby! Wish there were more like him.

ms70

<< <i>OK, really though the bulk of it will be passed down to our daughter, hopefully they will stay in the family for many years. >>



Ditto.




<< <i>Have my entire collection melted down and used for my casket... >>

Veep

I'll be selling them myself and either using the money to enjoy life or letting my kids use it for the things that bring them joy. If the money could be used to help pay for a house or college or something of interest to them, I wouldn't want them to feel obligated to keep "Dad's Coins."

puff

>>>>What will you do with your collection eventually?<<<<

Give them away to my forum friends when I get tired of looking at them.

JeffinMich

Puff, when you are tired of the Walker on the right in your sig, I'll gladly take it off your hands!

nOoBiEeE

Hopefully fund part of my retirement or put some of that to the purchase of a home...

CoinHusker

I had originally thought of it for retirement, but now my son, who is 10, is getting interested in coin collecting so my plans may change. It would be nice to think that the investment I've made in time as well as money will last longer than a "high bid" sometime in the future on eBay. (that is if eBay is still around 30 years from now)

louiskeller

What is e-of-bay? Is it a scam or do people actuallybuy stuff from there:

I used to deal with Bayments of ease, but no longer!

Look, research, look, and research together, then look if dealing with a dealer

MassFullStepper

Upon my death bed, I will instruct my executor to have them cracked out, save the tags, and then send them to ACG to see if they can finally get a grade right...then of course, after seeing how bad the descrepancies are, have the executor crack them out, THROW AWAY the ACG tags (or he can leave them in his bathroom...they may be of more use there) and resubmit to PCGS/NGC as reslabs as the slabs broke. Seriously, I will leave them to my kids and hope it gets them a little more in life of what they want, not just need.

Hedger

Give it away I guess.

hamiltonjh

Pass it on to my children.

cosmicdebris

Mine's going with me one way or another.

KlectorKid

Sell it and make Billions... Duh

DennisH

Already did it last year -- sold my Morgan set and paid off the house!

boz

Just sold off my slabbed Morgan cc collection. Bought a new truck, going on a nice 8 day vacation to the warmer climes, added some $$$ to my 2 year old daughters stock fund, and bought myself the first coin in my "new" collection. An 1851-D PCGS AU58 Half Eagle. Paid cash for all. Couldn't resist the insane money CC Morgans are selling for now. I'm a happy guy

mgoodm3

Pass it on with good instructions on what to do with it.

FatMan

<< <i>When I'm on my death bed I'll crack them all out and give them as tips to the nurses. Russ, NCNE >>

Hey Russ, Can I be your nurse. I know where to put the thermometer.

Stuart

Sell off alot of the Morgans and $20 Gold and use the capital to purchase an AU-58 PL Bust Dollar and an AU-58 $10 Gold Turban variety with Heraldic Eagle Reverse.

I am tending towards simplification of my collection concentrating on classic coin rarities....

MFH

Fatman-------------You are too funny !!!!!!!!!!!!

Bear

Set up a trust fund, to pay the way for Forum members to go to all the coin shows.

Now, wont that be nice.

1957joe

ttt

Libertad

I doubt that my heirs will care much for the collections, and will likely sell them to other caring collectors.
A good thing.
The coins we own are only ours for the time we are here, but the selling and acquiring of them will place
them in the hands of other folks who care about them. We are only temporary caretakers as they pass among
us.
Perhaps the units of the collection will meet with their previous neighbors in new collections as they pass
down that road.

The important thing is that they will survive, they will be found, and collected again in a larger cycle, until
either the species is done for, or the Sun goes Nova, no matter what we do in the limited time we own them.

A collector who has yet to be born will someday look at them under an antique glass to appraise the grade
and appreciate the history.

Enjoy, and be confident that no matter what happens, they will survive long past ourselves!

Neptune

Getting ready to sell probably about 2/3 of all my coins - all unslabbed. It takes a LOT of time to grade coins, especially due to inexperience, so slow going to get an inventory list. I will use this money to start a business probably. Lots of mediocre stuff - going, going . . .

The other 1/3 I will keep for our 12+? grandchildren - one due in a few days and two more in a few months. In the meantime, I will continue to collect, and will try to teach the grandchildren about coins as they grow old enough to understand and appreciate.

WACoinGuy

Timely question for me -- I just recently finished up a project over the last few weeks of performing a full inventory of my coins. I photographed them all and put together a website that explains the story behind each of the coins. As part of this description, I identified which coins I felt were core to my collection -- coins that I would like to have pass down to my heirs (assuming they are interested in coin collecting), and which coins weren't ones that deserved a special place in my core collection.

It was a very fun project, and now I hvae something very concrete that catalogs and showcases my collection virtually. Hopefully it will provide my heirs with an insight into how I collected and will make the coins in my collection more than just some round pieces of metal.

aem4162

no kids to give them to
no friends to give them to
no family to give them to
the collection ain't worth much anyway
if i die before mom she won't know what to do with them
prolly just throw them away

nwcs

Except for a couple I'll end up selling them all. The couple I save will pass on to relatives.

jhar

I plan to leave my coins to my children, who I am cultivating early into being coin collectors themselves. Just check my sig line.

I am well on the way with my 2 year old. She love to hold and carry around her monies!!!!

longtimecollector

I picture it like this.......

About once a month or so, I'll pack my walker in the Dodge and head out on the Tamiani trail doing 18 MPH in the passing lane........ I'll be slumped down in the seat so that only the top of my fedora appears to be over the steering wheel......... I won't be able to hear the horns or screams of fellow motorists since the batteries in my miracle-ear are long since dead.......... I'll stop at the piggly-wiggly for a prune slurpee and then go off to the local coin store where they look at me like I'm crazy because I tell them of the coins I "used" to own....... I'll poke around and maybe sell a 100 0z bar or two............ Then maybe, I'll hand a coin to a youngster I've seen there before........ like a seated dollar, or a Saint............ The shopkeeper will go nuts wondering what else I've got stashed away, the kid will be happy, and by that time, the prune slurpee will be kicking in so I will have to go !!!!!!! Crazy old man, I think not !!!!!!!!!

LanLord

Assuming my wife and kids survive me, I believe they will keep my collection either intact (if my wife keeps it) or evenly divided in half (if my kids get it).

I would like to document the collection well enough that it would become a family heirloom to be passed on to a single collector in the family for multiple generations.