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OK write me the note in the lock box for my family!!

waynemewayneme Posts: 852 ✭
in Precious Metals
<DIV><FONT size=2 face=Arial>or you would leave your family mostly gold and platinum and some silver us coins old and new they don't have a clue a by the way not planning to leave soon </FONT></DIV>
just wondering what most of you guys do or don't do and why?
thanks

Comments

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    don't quite understand what you said...
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • carscars Posts: 1,904
    +1
    Its all relative
  • waynemewayneme Posts: 852 ✭
    what i mean is what do i tell my family to do with my coins how do they sell
    or what to do with my coins
    anyone leave instructions or guidelines to help you family out after your gone
  • goingbrokegoingbroke Posts: 1,410
    I guess it depends how many family members you are leaving them too. If more then 1 I think you should instruct them in writing how to sell the collection so they at least get a fair market value . Then they can split the proceeds equally among themselves You would be surprised the way folks fight about inheritance funds!. If you are going to leave them to only 1 person dont worry about it he or she will make the decision for you.
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • carscars Posts: 1,904
    Yes, I Would. If you're leaving to someone who doesn't know anything of what your leaving it would be best to let them know what you/they have. I keep all receipts for everything I purchase and tuck them in the safe along with the item.

    I recently decided to sell off all my "collectibles", One reason for this was in the event something were to happen it wouldn't be a burden to my family to try and sell them. This was not the only factor but did play a role in the decision.
    Its all relative
  • waynemewayneme Posts: 852 ✭
    not worried about the fight just want her to get what it's worth
    any thoughts a good deal or place to sell
    thanks for the input guys
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    write down were the items should be sold, such as coin store, online forum like bst, etc. Perhaps include the value of each item currently so they have an idea so they don't get ripped off by someone.
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • MoneyCollectorMoneyCollector Posts: 451 ✭✭✭


    << <i>write down were the items should be sold, such as coin store, online forum like bst, etc. Perhaps include the value of each item currently so they have an idea so they don't get ripped off by someone. >>



    Exactly - Slabbed go to Teletrade, bullion items to the bullion buyers, or go to the BST, etc. - I have everything catagorized on a spreadsheet with cost and I have all the good websites like Apmex, Teletrade, here. My wife if I go first or our administrator (if we go together) can figure it out. I'm getting my kids interested and educated also.

    Randy
    My eBay Items for Sale
  • waynemewayneme Posts: 852 ✭
    OK
    great ideas but one buyer
    my wife is dumb as a rock on coins any thoughts
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Sounds like you have it down. This will definitely protect them from anyone trying to rip them off.
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • BearBear Posts: 18,953 ✭✭✭
    I have left explicit instructions what is in my collection,

    where they are located, what they are worth. Also who

    to contact for there sale or auction, the person's address as

    well as a phone number(s). Both of my sons know where

    the information is and what to do on my demise.

    This preparation is a part and parcel of the need to also have

    a will, power of attorney in case the principles can not

    or are unwilling to act.. Family trust documents are in the Safe

    Deposit box along with instructions on funeral arrangements.
    There once was a place called
    Camelotimage
  • jmski52jmski52 Posts: 22,900 ✭✭✭✭✭
    I have the same issue. My fiancee' doesn't know finance and she doesn't want to know it either.

    I have a list that categorizes them as:

    "Very Very Valuable"

    "Very Valuable"

    "Valuable"

    "Somewhat Valuable"

    "Nominal Value"

    I then have a select list of dealers with phone numbers that she can call.

    She knows that the slabbed coins should be pretty easy to price from a price sheet, if needed.

    She doesn't get picky until real money is involved, and then she gets pretty darned picky, so I think my list about covers it.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • lathmachlathmach Posts: 4,720 ✭


    << <i>don't quite understand what you said... >>




    He said........................

    DIV><FONT size=2 face=Arial>or you would leave your family mostly gold and platinum and some silver us coins old and new they don't have a clue a by the way not planning to leave soon </FONT></DIV>
    just wondering what most of you guys do or don't do and why?
    thanks

    What he meant to say...............

    what i mean is what do i tell my family to do with my coins how do they sell
    or what to do with my coins
    anyone leave instructions or guidelines to help you family out after your gone


    Where you going anyway, Wayneyou?

    Ray

  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    I left instructions with my GF to spend it at Walmart! image



    She told me that I'm crazier 'n' hell ! ! !

    HH
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
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