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My heirs will be thrilled/puzzled/disappointed to find [ ] in my collection

RYKRYK Posts: 35,799 ✭✭✭✭✭
We often read how collectors are building great collections and plan to leave them to their heirs. I am skeptical on a number of levels, but let's play out the fantasy a bit. Assume that your coin collection remains intact for the next 40 years (50 years for Jeremy) and before you have the opportunity to sell them in a named Heritage sale, the local dealer, driving his Porsche, runs you down in the post office parking lot, just as you are leaving the post office with the last six weeks of Coin World that were stuffed in your P.O. Box. You die on the scene with your face buried in the Coin Depot ad (you did not even get to see the 4528th CRO ad or 120 year old QDB's column).

Several months after mourning you, your family (or other heirs), who know little about coins, delve into the safety deposit box (or wherever you keep the coins), buy a Red Book, join this very forum, and start researching your collection. Name a coin that they will be 1) thrilled that you have; 2) puzzled that you have; 3) disappointed that you have.



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Comments

  • coppercoinscoppercoins Posts: 6,084 ✭✭✭
    1. 1983 1c DDR PCGS MS65RD.
    2. Heh - most of them.
    3. Severely corroded 1943 DDO cent.
    C. D. Daughtrey, NLG
    The Lincoln cent store:
    http://www.lincolncent.com

    My numismatic art work:
    http://www.cdaughtrey.com
    USAF veteran, 1986-1996 :: support our troops - the American way.
    image
  • garrynotgarrynot Posts: 1,874 ✭✭✭
    1. Thrilled that I have a mint state 1955 doubled die cent.

    2. Puzzled that I have 12 common date silver dollars pedigreed to Harry Bass' sock drawer.

    3. Disappointed that I have a nearly complete set of 1933-34 Chicago World's Fair elongates that no one cares about anymore.
  • BAJJERFANBAJJERFAN Posts: 31,178 ✭✭✭✭✭
    Do you think that they will be "in awe of our stupidity"?image
    theknowitalltroll;
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    I am keeping a fabulously toned 1835 dime. Hopefully it will be over 200 years old when I go. Being 62, that would make me 87. I will have explicit instructions for my executor as how to liquidate whatever holdings I have left at that point. I go through buying and selling cycles as I get nervous when I have too much money in coins and then I get sellers remorse. In the end, my coin portfolio does not change all that much, but I still enjoy it.
    Retired United States Mint guy, now working on an Everyman Type Set.
  • OPAOPA Posts: 17,133 ✭✭✭✭✭
    PCGS graded 70's with First Strike designation for all 3 reverse proofs issued so far by the Mint + UHR.

    Those are the only coins I'm holding on to "until death do us part." image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • AUandAGAUandAG Posts: 24,815 ✭✭✭✭✭
    They will wonder why I have a 5 lb blueish colored rock in my safe. Hope they don't just
    throw it in the backyard. It's a 5 lb silver nugget. Ugly as sin but probably 80% pure, just
    as nature made it!

    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • kimber45ACPkimber45ACP Posts: 2,399 ✭✭✭
    1. all gold
    2. "gold" plated Ike
    3. 300 1969-S cents that weren't won in the YN giveaway
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • garrynotgarrynot Posts: 1,874 ✭✭✭


    << <i>Do you think that they will be "in awe of our stupidity"?image >>




    You are on to something there. My 3 kids have no interest in what I collect and I think that has contributed to the "greying" of the coin collector community. But I digress. I am interested in seeing more responses to the OP's question.
  • TahoeDaleTahoeDale Posts: 1,785 ✭✭✭
    Aside from the fact that plans have already been made for the liquidation of my collection,

    Thrilled that I still have the Norweb 1884 Trade Dollar in Pr 63

    Puzzled that there are over 40 gold and silver Spanish and Mexican coins

    Disappointed that the original Whitman folders with the coins I collected as a kid are all missing the key dates.

    I recommend that all look at the Heritage Estate planning guide, and have a copy with your coins-- it will really be helpful to the uneducated heirs.
    TahoeDale
  • jmski52jmski52 Posts: 23,054 ✭✭✭✭✭
    I hope that their principal comment isn't, "why didn't he sell those when they were worth something?"image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • shorecollshorecoll Posts: 5,446 ✭✭✭✭✭
    My Sung Dynasty Chinese Cash collection. Likely will fit in Category 2 or 3...not 1 in the OP.
    ANA-LM, NBS, EAC
  • OKbustchaserOKbustchaser Posts: 5,531 ✭✭✭✭✭
    I suspect that my kids reaction will be somewhat akin to their stepmother's the first time she went to a show with me...
    Just because I'm old doesn't mean I don't love to look at a pretty bust.
  • dimplesdimples Posts: 1,286 ✭✭✭
    A collection of different blank planchets. They will probably think they are slugs and throw them out.image
  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    Thrilled that I still have the Norweb 1884 Trade Dollar in Pr 63

    Wow, I am thrilled and am not even an heir!

    Thrilled: A "roll" of 1850 $20's
    Puzzled: A capital plastic holder for proof seated type coins completed with mid-grade circ examples
    Disappointed: A fugly 1801 LC "3 errors" in AG-3, a proof bison Jeff nickel 69 DCAM, and an AH Kennedy half (sorry Russ image )
  • FairlanemanFairlaneman Posts: 10,424 ✭✭✭✭✭
    Nothing. They will reap the benifits of the money realized though. Selling has started and will continue untill I quit buying and everything is gone.

    The wife and boys have no interest. My thinking says it is better to get the dimes into a persons hands that appreciates them.

    Ken
  • Billet7Billet7 Posts: 4,923 ✭✭✭
    I have plans to sell my collection before it becomes a problem, but if it doesn't work out that way, I have some family members that can liquidate the coins for me at good prices. They know what they are doing (mostly.)

    Thrilled, Chain Cent (because of it's value.)
    Puzzled, Chain Cent (because it's low grade.)
    Disappointed, Chain Cent (because it's not a higher grade.)
  • I have no heirs and plan to keep it that way. The looters will find some peace dollars, some walkers, some nice Uruguayan and Mexican coins and who knows what else Ill have amassed by then.
  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭


    << <i>I have plans to sell my collection before it becomes a problem, but if it doesn't work out that way, I have some family members that can liquidate the coins for me at good prices. They know what they are doing (mostly.)

    Thrilled, Chain Cent (because of it's value.)
    Puzzled, Chain Cent (because it's low grade.)
    Disappointed, Chain Cent (because it's not a higher grade.) >>



    Same here but x 3
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • The original Bible that Reverend Oliver Hart carried during his trips into the SC/NC "back country" to convince them to join the US Revolution against England in the 1770's.

    That and this. image

    image
  • boiler78boiler78 Posts: 3,071 ✭✭✭✭✭
    My 1742 "Lump-O-Crap" Pillar Dollarimage
    image
  • LakesammmanLakesammman Posts: 17,437 ✭✭✭✭✭
    Hey, that "Lump-o-crap" is impressive in person. image

    Thrilled to find a 1964-D Peace dollar, puzzled as to why the dealers are all laughing at them and disappointed to find out it's a "Copy". image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • 1) thrilled that you have; So many coins with a CC on the back
    2) puzzled that you have; So many of one kind of error(hoard, it's my future well managed promotion lol)
    3) disappointed that you have. Only pictures left as they were sold while alive to help fund a classic roadster for the beach house image

    Good thread, fun question
  • heavymetalheavymetal Posts: 610 ✭✭✭✭
    Thrilled: A large collection of modern gold, silver, and platinum Proof and Unc. Coins.
    Puzzled ( trying to fix value): A large collection of circulated World Coins, as well as US coins from the 1700's - 2010.
    Disappointed: Complete collections of US Mint First Day State Quarters, Territories Quarters, and Presidential Dollars Coin Covers.
  • thrilled to see the finest complete set of classic commems ever..
    thrilled to see 3 proof coins with mintages of only 5 and 10 total..
    not too wowed about a comlpete set of fake,very lightweight cast dollars.
    Bruce Scher
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    "You die on the scene with your face buried in the Coin Depot ad (you did not even get to see the 4528th CRO ad or 120 year old QDB's column)."
    image
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • Thrilled: Pan-Pac $50 Round
    Puzzled: State Quarters in Whitman Folder
    Disappointed: $1 Eunice Shriver or Sac $1 or $1 Ike or $1 Susan Anthony or numerous other US Mint late 20th/early 21st century productions
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    It'll be OK. They will have trouble figuring out why the gold Bisons are in PR69 slabs, but gold will be $142,500 per oz.
    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • CaptHenwayCaptHenway Posts: 32,487 ✭✭✭✭✭
    I've already told my executor, my brother, there is a 49.04 ounce U.S. Assay Office gold bar dated the year of my birth in the SDB.......
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • BillJonesBillJones Posts: 34,493 ✭✭✭✭✭
    None of my heirs care about my collection at all. The only thing that would astonish them would be the prices I have paid for little pieces of metal and whether or not those prices were higher or lower than what they could get of the items when they are sold.

    Currently the info about consigning my collection for sale is with the executor of my will, my brother-in-law, who has more business savvy that I do. He’s a major executive at large well-known company. He’ll get the consignments right.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • joebb21joebb21 Posts: 4,758 ✭✭✭✭✭
    friend of mine's father just passed away and his son found out his father was an avid numismatist-even an ana member from the 70's.
    His son was quite pleased to hear how much the collection was worth... lets just say their shopping for a house just got ALOT easier!
    may the fonz be with you...always...
  • GRANDAMGRANDAM Posts: 8,627 ✭✭✭✭✭
    They will be overjoyed at finding my 1964-D Peace Dollar in MS68+ condition. image
    GrandAm :)
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭


    << <i>Aside from the fact that plans have already been made for the liquidation of my collection,

    Thrilled that I still have the Norweb 1884 Trade Dollar in Pr 63

    Puzzled that there are over 40 gold and silver Spanish and Mexican coins

    Disappointed that the original Whitman folders with the coins I collected as a kid are all missing the key dates.

    I recommend that all look at the Heritage Estate planning guide, and have a copy with your coins-- it will really be helpful to the uneducated heirs. >>

    image

    I've had a numismatic executor for years. Set up to work with my overall executor. 50 years? I was thinking of up to and across the 5 year period after my death. Great fun topic.
    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    I have had fun buying my collection....by God I am going to have fun selling my collection

    My heirs can keep the leftover cash.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • They won't have a clue. None of them know what I have and have never cared enough to ask. If I have not gotten rid of the coins myself they will be ripped off by the local coin shop owner. I wouldn't set foot in his shop except to buy a few supplies, no coins.

    Ron
    Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.
  • rld14rld14 Posts: 2,390 ✭✭✭
    Not so much coins but I have a few neat old envelopes with stamps on them.... image
    Bear's "Growl of Approval" award 10/09 & 3/10 | "YOU SUCK" - PonyExpress8|"F the doctors!" - homerunhall | I hate my car
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>Thrilled that I still have the Norweb 1884 Trade Dollar in Pr 63

    Wow, I am thrilled and am not even an heir!

    Thrilled: A "roll" of 1850 $20's
    Puzzled: A capital plastic holder for proof seated type coins completed with mid-grade circ examples
    Disappointed: A fugly 1801 LC "3 errors" in AG-3, a proof bison Jeff nickel 69 DCAM, and an AH Kennedy half (sorry Russ image ) >>



    I intended to update my answer:

    Thrilled: the name and phone number for a dealer contact to take away this mess
    Puzzled: modern Chinese gold and silver
    Disappointed: for as much as the SDB weighs, it is not more valuable
  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
    .
    at 33 i probably don't qualify to comment as i am close to receive one than i am to leave one

    i would advise to leave a copy of "The Ultimate Gift" (dvd will do fine) with your estates and a requirement anyone receiving a part/bulk of an estate is required to watch it 10x

    very serious btw
    .

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭
    I'm surprised I did not respond to this thread when you first posted it.
  • CharlotteDudeCharlotteDude Posts: 3,107 ✭✭✭✭✭
    Thrilled to find: A "roll" of Charlotte-mint Half Eagles
    Puzzled to find: A PCGS VF-20 1839-O Half Dollar, and VF-35 1838-O Half Dime
    Disappointed: A pair of fake 1838-D Classic Half Eagle tokens.

    'dude
    Got Crust....y gold?
  • Batman23Batman23 Posts: 4,999 ✭✭✭✭✭
    Interesting thought... but hopefully I don't die in a post office!!

    1) thrilled that you have... Maybe I will buy something cool and thrilling before I dieimage
    2) puzzled that you have... 1964-D Peace Dollarimage
    3) disappointed that you have... A couple hundred pounds of circulated Memorial centsimage
  • LostSislerLostSisler Posts: 521 ✭✭✭
    My Great Grandfather's collection from the 1950's remains mostly untouched.
    One alteration was needed when it was placed into a safe in 1977; the early part of the collection was in the old large push-in sets so those coins were removed and rolled for storage.
    The cards, luckily enough, were place into the attack where I found them several years ago.
    I opened the safe and repacked everything after inventorying them.
    Very impressive collection for a Pharmacist. Including 12 1922 No "D"s, Four with strong reverse. In a pill box (that I have) along with 20 or so other 22's.
    Another coin that he didn't know about was an 09 S VDB. It was in an old pill box, just marked "1909" along with many other 09 cents.
    Because to Err is Human.
    I specialize in Errors, Minting, Counterfeit Detection & Grading.
    Computer-aided grading, counterfeit detection, recognition and imaging.
  • SonorandesertratSonorandesertrat Posts: 5,695 ✭✭✭✭✭
    Thrilled: 6 1794 large cents [XF40-45]
    Puzzled: 1843-D quarter eagle with a note on the slab that reads "Ex: RYK"
    Disappointed: A Whitman State Quarters album filled with circulated quarters fished out of my pocket change
    Member: EAC, NBS, C4, CWTS, ANA

    RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'

    CJ: 'No one!' [Ain't no angels in the coin biz]
  • lasvegasteddylasvegasteddy Posts: 10,408 ✭✭✭
    1)my moose of a 58' proof frankie
    2)frans heldja nickel token
    3)can't think of one

    this list will change as i progress with my collection
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    Several hours after I'm completely mourned and my safety deposit box is looted like the 67 riots my heirs will be most puzzled/disappointed by the first two coins. There will be smirks, rolled eyes and I told you so's. They will be thrilled by some of the stash represented by the third picture. I hope my son chips his tooth biting into one of these coins. MJ

    image
    image
    image
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • erickso1erickso1 Posts: 1,705 ✭✭✭
    Assuming my demise is unexpected.

    Most excitied 1) a number and name to a respected dealer with whom I am/was familiar.
    Most puzzled 2) Why there is no cash
    Most disappointed 3) when they ignore the phone number and find out the whole lot is worth $100 at the "local" hotel buyer.

    (in all honesty, my wife is smart enough to not just blow these out. It's just a matter of pointing in the right direction)
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    thrilled/puzzled/disappointed
    UHR/1964-D Peace $/so much stuff.
    image
  • georgiacop50georgiacop50 Posts: 2,909 ✭✭✭✭
    Ah. This thread title evoked a memory of my Dear departed Uncle Itch.

    When visitors came, after he & they had had a few, he used to get out a little baby food jar and remove one of the dried leathery things and pass it around to see if anybody could identify it.

    He would encourage folks to closely examine it, sniff it, "taste it!".

    After everybody had made their incorrect guesses he would tell the identity of the mysterious items.

    Dried snapping turtle hemipenes...

    Luckily, we all knew just what to do with them when he passed.

    I have NO idea why he collected these items other than for these right of passage ceremonies.

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