Have other dealers noticed how LITTLE "heirs" care about coins?

topstuf

Looking at another thread:

Other thread

And I just can't stop remembering how LITTLE anyone seemed to care about inherited coin collections.

You'd START out like you were dealing with a CURRENT collector with something to sell and get out some current references and pretty quickly you'd get the "looking at the watch" or "pacing" routine.

Oh a FEW folks were interested in obtaining max dollars from the stuff, but MOST just wanted some money for the "junk" that Pops "wasted" his time on.

This of course does not apply to really serious collections, but it was apalling to see carefully selected and preserved and annotated collections of low to mid value coins (the AVERAGE collection) so cavalierly treated by the heirs who just wanted to get the whole mess over with and buy a new TV set or boat.

Anyone else notice this?

Neptune

sad but true - kind of makes me want to sell all my coins and buy a new boat or tv set.

Veep

Yep, I've seen it too and am not really surprised. My interests are not my kids interests and in most cases they would be happier having the money to use for their own needs/interests.

100proof1957

Inherited a stamp collection.

I aint no dummy but the stuff is almost worthless and hard to sell.

I have been cherry picking it and converting the money to coins !

CUEBALL

I told my son that after my death that if he sells my collection for pennies on the dollar that I will be back for him!I think he believed me.

kranky

Heirs acting like that is what keeps a lot of brick-and-mortar dealers in business.

Neptune

I told my son that after my death that if he sells my collection for pennies on the dollar that I will be back for him!I think he believed me

Hmmm - that's good strategy . . . mine would probably believe me too, because they already know I'm weird.

mhammerman

I'm sure she will love them!

LindeDad

And it looks like she has a eye for getting the lighting right already.

mrearlygold

It would be a really good idea if you all have specific recommendations in writing for your heirs to know what to do and who to do it with if you buy the ranch on a moments notice.

This subject is worthy of it's own thread as a lot of "heirs" don't have a clue ( why should they?) and get ripped pretty bad.

And do I really need to tell anyone that you can suddenly need quadruple bypass surgery, have a fatal accident, etc at any time thereby leaving your family seriously compromised?



Tom

beartracks42

I have walked out of more than one Coin Shop because some "Heirs" were getting "TAKEN TO THE CLEANERS" by the dealer. I know this does not happen everywhere, but I don't know how some guys sleep at night. I guess you could be callous and say that they have it coming to them for not doing their homework, but I think people still have to live with their actions, all around.

My rant for today.

BillJones

It doesn't surprise me, and I don't really blame the people. If I inherited a stamp collection, I'd try to put some time into finding out if there were any good items in it by reviewing a price catalog, but that would be it. Stamps bore me (sorry), and all I would want would be the money I'd get so that I could buy some more coins.

USMC_6115

I've already started teaching my boy

100proof1957

Born with a Silver Eagle in his mouth !

LanLord

So Stan, when you sell the coin are you going to inform the new buyer of the drool induced toning?

BTW, very cute young-un



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