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Coins and Divorce Question

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    CoinosaurusCoinosaurus Posts: 9,652 ✭✭✭✭✭
    Is there anything legally wrong with the following scenario:

    a) Bathe coins in Rhoplex (a dissolvable labeling compound)

    b) Get coins appraised by a party of the spouse's choosing

    c) After coins are reacquired, they can be perfectly restored with acetone

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    nankrautnankraut Posts: 4,565 ✭✭✭
    I feel for you guys. My wife and I have been shackled together (er-married) for over 53yrs. We are so in love, it's amazing. Whenever I show her an old coin, she always says "gee honey, that's older than you are!" She is more impressed with a rusty 1943 lincoln than a $3 gold piece.

    Life is gooooood!.image
    I'm the Proud recipient of a genuine "you suck" award dated 1/24/05. I was accepted into the "Circle of Trust" on 3/9/09.
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    jmski52jmski52 Posts: 23,956 ✭✭✭✭✭
    Those who pointed out that attorneys will be involved make a very good point. Being eithical is fine, and so is protecting yourself from potential overreaching by the opposition. I would lean toward liquidation if you think that unreasonable claims might be made.

    In my case, the collection I had at the time was overstated by her attorney by an outrageous amount. Rather than fight it forever, I made a concession. Looking back, I'd have been smarter to have let her have the coins in exchange for what her attorney said that they were worth.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    llafoellafoe Posts: 7,220 ✭✭
    I'll give you $4,000 for your $40,000 collection... do you accept PayPal?
    WANTED: Cincinnati Reds TEAM Cards
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    pennyanniepennyannie Posts: 3,929 ✭✭✭


    << <i>It depends. Do you want to be fair and honest about it or to behave unethically? Many of the replies, thus far, seem much better suited for the latter. >>



    LOL

    Like either side is 100 percent ethical in a divorce.

    When i got divorced 20 years ago i gave my ex the bulk of everything, probably 75 percent of everything we had. ( so i guess i was more than ethical) BUT i did it out of spite. image I probably would not be so friendly again if i ever get divorced.

    Fur coats and diamonds and rolexes add up, make sure you remember to divide fairly, if you did not buy her anything other than a vaccum... maybe that is why you are facing the issue you are.

    BTW it did not take long for the ex to blow all the money.
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
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    7Jaguars7Jaguars Posts: 7,981 ✭✭✭✭✭
    John, I feel for you. I went through this whole thing after I did all I could to keep my marriage together. I vowed to be fair, think I was, but the ex- became anything but that. As she left she also took EVERYTHING she could find, including coins. Finalized 5 months ago.

    Even then, she made as though to make a grab for half of all aquired properties since marriage. What was never tested was what I had given my uncle while married, complete with notarized statements that I never had to use. I do not know what would have happened if this part had been tested - what happens to "gifted" items given while still married?

    I do know that absolutely anything documented in any form of paperwork or credit card charges or whatever create that trail that can be followed. I do not advocate not being fair but, and this depends on the ex- to be, there is a huge potential for her to not be fair and under duress/atty. pressure and the like create somebody you may have never known before.

    I feel that what apparently Coinguy is saying is many times not the case in that as you play fair, if she resorts to ugly methods that you have a playing field with a decided slant against you that is anything but fair. It is lovely to assume that people will continue to act nobly or fair but most likely when push comes to shove that they will not.

    Well, God be with you and hang in there. Do not let things linger, even as you may have mixed feelings. You should know if there is any chance and if not get to moving. One area they got me was half of my accumulated retirement which only increased during separation of two years.
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
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    MikeInFLMikeInFL Posts: 10,192 ✭✭✭✭
    John, I have no advice for your situation, but wanted to tell you that I am sad to hear you ask that question. Keep your chin up...Mike
    Collector of Large Cents, US Type, and modern pocket change.
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    Depends on the marriage in my opinion. If your wife was a golddigger, did nothing to contribute to the marriage, and was sleeping around behind your back then fine go ahead and hide the good stuff. Some people are like that. My friend's girlfriend is completely dumb as nails. She can't get a job. She has psychotic problems and talks to herself. She does nothing to contribute. She lives off of my friend's welfare. I told him he better not marry her and he agrees. He knows not to marry her.
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    mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭✭


    << <i>... as you play fair, if she resorts to ugly methods that you have a playing field with a decided slant against you that is anything but fair. >>

    Nothing to add on the divorce topic, but regarding the quoted line above, if you find yourself in the position of "playing fair" against someone who is clearly not, when it comes time to compromise, the middle ground between the playing fair and not playing fair positions is decidedly in the "not fair" player's favor.
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    ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
    I am not married (not sure I ever want too....) But Anyways... Do people not do prenups anymore?
    image
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    Have a giveaway, then a "get em back" contest image
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    ChrisRxChrisRx Posts: 5,619 ✭✭✭✭


    << <i>Have a giveaway, then a "get em back" contest image >>



    Best idea yet! image
    image
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    pursuitoflibertypursuitofliberty Posts: 7,822 ✭✭✭✭✭
    Lawyers are not neccessary for divorce ... and certainly are NOT prefered IMO

    long winded PM sent

    Good luck and best wishes as no matter what it's a painful journey

    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
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    A dillema i'm now thankful i won't experience , my ol'lady can buy and sell me , my collection and the horse i rode in on several times over.Hope it works out.
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    rld14rld14 Posts: 2,390 ✭✭✭


    << <i>What coins? image >>



    This
    Bear's "Growl of Approval" award 10/09 & 3/10 | "YOU SUCK" - PonyExpress8|"F the doctors!" - homerunhall | I hate my car
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    RegistryCoinRegistryCoin Posts: 5,129 ✭✭✭✭


    << <i>Keep your coins, ditch the bítch. >>

    "
    ...or better yet:
    Keep your coins, revalue her dog. image
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    WoodenJeffersonWoodenJefferson Posts: 6,491 ✭✭✭✭
    Sorry to learn of this situation John, there are many things we know little of, your situation may or may not be applicable as they are here in the states. To me, it would be advisable to consult a legal begal who is familiar with the local law, especially with your retirement fund. The coins maybe the least you have to worry about.
    Chat Board Lingo

    "Keep your malarkey filter in good operating order" -Walter Breen
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    kruegerkrueger Posts: 944 ✭✭✭✭


    Get a Prenup. Keep whats yours. More important if you marry again later in life.

    Krueger
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    Sorry to hear about your situation. I don't guess I can help since I've never been in that spot.

    But this does remind me of a joke my older-than-her-years daughter told me...

    "Hey, have you seen the latest Barbie doll? It's called Divorced Barbie.

    ...It comes with all of Ken's stuff."
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    INXSINXS Posts: 1,202
    Sorry to hear John, I haven't seen the set personally but I have seen pic's, that one nice set. It would cost you double or triple in this day to replace if you were to sell some of them.
    "Well here's another nice mess you have gotten me into" Oliver Hardy 1930
    image

    BST successful dealings with:MsMorrisine, goldman86
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    notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>I am not married (not sure I ever want too....) But Anyways... Do people not do prenups anymore? >>



    Here is my thought on how it should be: Even though women have asked for equality and gotten equality and then some, divorce laws and courts are still set up to protect the poor fragile little woman from being taken advantage of by the big bad wolf (husband). they should abolish all divorce law and require each marriage to have a prenup which is 100% enforced without exception. Negotiate your own settlement up front. --Jerry
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    << <i>

    << <i>I am not married (not sure I ever want too....) But Anyways... Do people not do prenups anymore? >>



    Here is my thought on how it should be: Even though women have asked for equality and gotten equality and then some, divorce laws and courts are still set up to protect the poor fragile little woman from being taken advantage of by the big bad wolf (husband). they should abolish all divorce law and require each marriage to have a prenup which is 100% enforced without exception. Negotiate your own settlement up front. --Jerry >>



    100% agree.. these marriage laws really ruin the concept of marriage. Because of these laws, it makes people not want to get married now a days. The only people that want to get married are gays. Not even Oprah ever plans to get married.
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    shorecollshorecoll Posts: 5,447 ✭✭✭✭✭
    Do not expect fairness if lawyers are involved...one female friend found out the opposing counsel was blackmailing her witnesses...that attorney is now a judge. Another friend (male) found out the judge dated his wife in high school and wouldn't recuse himself...you gotta love our system.
    ANA-LM, NBS, EAC
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    BAJJERFANBAJJERFAN Posts: 31,616 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>I am not married (not sure I ever want too....) But Anyways... Do people not do prenups anymore? >>



    Here is my thought on how it should be: Even though women have asked for equality and gotten equality and then some, divorce laws and courts are still set up to protect the poor fragile little woman from being taken advantage of by the big bad wolf (husband). they should abolish all divorce law and require each marriage to have a prenup which is 100% enforced without exception. Negotiate your own settlement up front. --Jerry >>



    100% agree.. these marriage laws really ruin the concept of marriage. Because of these laws, it makes people not want to get married now a days. The only people that want to get married are gays. Not even Oprah ever plans to get married. >>



    Why would she want to? She can buy or rent anything she will ever need and that includes friends with or without benefits.
    theknowitalltroll;
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    7Jaguars7Jaguars Posts: 7,981 ✭✭✭✭✭
    I am still curious as to whether you can "give" coins away while still married and thus protect them????
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
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    coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>I am still curious as to whether you can "give" coins away while still married and thus protect them???? >>

    If the coins are not separate property, that could be fraud.

    Reading the replies here could lead one to believe that the wife is always the one who is being unfair and taking advantage of the other spouse in a marriage - amazing.
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    MoldnutMoldnut Posts: 3,116 ✭✭✭✭
    Now that just put a wrench into the gears.
    Derek

    EAC 6024
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    << <i>Best to keep coin collection or liquidate before a divorce? >>



    If you want to keep the coins, I think it would be best to keep the coins.
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    BAJJERFANBAJJERFAN Posts: 31,616 ✭✭✭✭✭


    << <i>

    << <i>Best to keep coin collection or liquidate before a divorce? >>



    If you want to keep the coins, I think it would be best to keep the coins. >>



    I guess that would work if one had about half of the value laying around in cash that one didn't need. Would it be fair to crack them out first if one gave away half?
    theknowitalltroll;
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    BAJJERFANBAJJERFAN Posts: 31,616 ✭✭✭✭✭


    << <i>

    << <i>I am still curious as to whether you can "give" coins away while still married and thus protect them???? >>

    If the coins are not separate property, that could be fraud.

    Reading the replies here could lead one to believe that the wife is always the one who is being unfair and taking advantage of the other spouse in a marriage - amazing. >>



    At that point it really isn't a marriage anymore. I would imagine that those who have been on the receiving end of an ugly nasty situation probably don't feel as sympathetic as some others might.
    theknowitalltroll;
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    RichieURichRichieURich Posts: 8,621 ✭✭✭✭✭
    JapanJohn, I am sorry to hear your news.

    I will give only one piece of advice: The only winners in a divorce are the lawyers. So anything you and your ex-to-be can agree on before the lawyers take over, might help make the process a little simpler and less costly.

    An authorized PCGS dealer, and a contributor to the Red Book.

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    JJMJJM Posts: 8,128 ✭✭✭✭✭
    "i sold those coins years ago , dont you remember?"
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly, justindan
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    notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>JapanJohn, I am sorry to hear your news.

    I will give only one piece of advice: The only winners in a divorce are the lawyers. So anything you and your ex-to-be can agree on before the lawyers take over, might help make the process a little simpler and less costly. >>



    Yes. Avoid lawyers if at all possible. I offered my ex a very generous settlement if she would settle without hiring a lawyer. She replied, "I don't care if I walk away penniless, so long as you do too." She did, I didn't. But the lawyers ended up with over $500,000 in fees. Lawyers love the long drawn out process where they file various papers with the court and write letters back and forth for $300/hr month after month. If you do have to hire a lawyer find the guy who charges $450/hr but doesn't mess around. When I finally hired him, life got good and he saved me a ton of money. He will generally have a reputation as cut throat, evil, and perhaps dirty. My friend referred to him as "the grim reaper". What I found out is that he just went about it very matter of factly and didn't play the lawyer games so they badmouthed him. He was quite honest, although very plainspoken. You didn't have to wonder if he was on your side--which wasn't always the case with my previous lawyer. My wife's lawyer promptly resigned when I hired him. I hope there is a guy like this in your neighborhood. Realize that I am not wishing misfortune on your wife, just your wife's lawyer. Cutting to the chase is good for her too. If I'd hired this guy up front my wife would not have ended up giving everything to the lawyers.

    TDN seemed to indicated that his wife was reasonable. I guess that happens occasionally. I hope you have such luck.

    --Jerry
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    PTVETTERPTVETTER Posts: 6,108 ✭✭✭✭✭
    what you had before the marriage is yours
    what you were given as a gift is your

    what you obtained while married is both of yours.

    If she is not intrested in the coins come to an agreement on the value befor the attys get involved costing both of you more money for them.

    Remember this sometimes after a marriage ends both parties stay friends.

    Keep your head up and always be fair you will be a winner in the end!
    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


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    JuanJuan Posts: 71 ✭✭
    I was in the AF for over 23 years and retired with full benefits in '85. In '90 she decided she wanted a divorce and I told her by law she could keep 1/2 of everything including my retirement. Three times I told her that and three times she said no. The last time she got really mad so I said, "Alright, I'll have the lawyer put it in writing." She signed the divorce and I sweated bullets daily becase she could always change her mind dependent upon who she talked to. Finally, the Day and the judge affixed his signature and it was done, I kept my retirement. She wanted all the Hummels, some crappy furniture, a 7' reel-to-reel tape deck and all the tapes and I thought, huh! I can buy this stuff over and over again with the retirement pay. About a month later she sent me a letter thru one of the kids and regretted signing the document but too late. She was a slacker, spent every dime she could get her hands on, wouldn't let me save anything and slept around. She was involved with a night watchman at the nursing home where she worked and he was behind in child support, had no car and finally she married him and he was later arrested for failure to pay the child support. Me, I stayed with her for the "honor" but now I wish I hadn't. Got a good Godly wife now and have a very nice home, take trips and have a coin collection, mostly gold. I tired to do the legal thing by telling her she could have 1/2 but she was so stubborn and it proved to be her detriment in the last few years. She had an MI and is bedridden and will never walk again and I'm sorry for that but life is life. Take the high road and you can look at yourself in the mirrow every morning. Sad state of affairs but divorce goes on everyday. This column is like Ann Landers. Ha! Enjoy the read! $325.00 lawyer fee.
    oklahomakid
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    "I would imagine that those who have been on the receiving end of an ugly nasty situation probably don't feel as sympathetic as some others might"

    Amen.

    Best way to describe divorce is a hand to hand,down in the trenches,knife fight.

    If she didnt file papers yet,you can do absolutely ANYTHING you WANT to do,including losing your coins in a poker game.

    I saw it coming and sold my business BEFORE papers were filed.

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    Coin FinderCoin Finder Posts: 7,722 ✭✭✭✭✭
    Best to be honest about it, she may have marital assets she has not told you about also....
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    lavalava Posts: 3,287 ✭✭✭
    Can't go wrong with the honest approach.
    I brake for ear bars.
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    I just got the following "sentiment" sent to me in an email this morning... and thought it might be somewhat "appropriate" to post it here...


    Marriage is just like a deck of cards...







    ...In the beginning all you need is two hearts and a diamond...














    ...By the end you wish you had a @&amp;*%^ club and a spade!




    image
    Re: Slabbed coins - There are some coins that LIVE within clear plastic and wear their labels with pride... while there are others that HIDE behind scratched plastic and are simply dragged along by a label. Then there are those coins that simply hang out, naked and free image
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    SkyManSkyMan Posts: 9,592 ✭✭✭✭✭
    One thing I haven't seen in all these responses is, "what is your situation with regards to children"? Do you folks have kids together? If you do, you and your ex will be seeing each other, at a minimum, every so often. If the kids are young you'll have to deal with each other fairly regularly. Let's not forget you'll also be an example that your kids will look towards when they start contemplating marriage.

    Like all things, what you should do depends... on you and your wife. If it's a nasty, close quarters fight even now, well then, good luck to you. Get a mean SOB lawyer and get out.

    If on the other hand it's more of an irreconcilable differences kind of a split and you and your soon to be ex can still talk to each other, then I would advise trying to work with a counselor NOT to try and get back together, but to try and figure out how to split things up. A counselor is a heck of a lot cheaper than a lawyer. You'll still need a lawyer to close the deal, but you'll be able to save a bundle of cash, and hard feelings. One caveat, my ex and I had a pre-nup, so most of the marital property was already taken care of. Our main differences came down to time with the kids and child support, which, believe me, can get pretty emotional. However, once my ex and I ironed out those issues, we ended up using one lawyer at the end. Our divorce was relatively inexpensive AND we are still on good terms with each other. It also makes it much easier on the kids.

    As to your collection, if you get in a nasty divorce, I agree with the statement that if it gets ridiculously overvalued by the opposing attorney then give it to your ex at their valuation. Coins are always replaceable. You may lose a bunch of coins that you love, but there are ALWAYS other neat coins out there just waiting for you.

    Good luck with everything!!!
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    << <i>If I had it to do over... Keep the coins ! >>




    I couldn't agree more....if they courts decide she gets half then give her half the coins and keep the rest for yourself. I sold off everything and my Ex ended up not paying any joint debt as I paid it off prior to the courts getting involved....dumb move on my part.
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    Wolf359Wolf359 Posts: 7,666 ✭✭✭

    Ready for reality?

    Ok, it depends on the greed of the ex and her lawyer. They can really screw you. For example, they will claim the coins are worth say 100,000 dollars. You say no, 50K. Both hire experts and duke it out in court. Lawyers love this. Judge believes them, values it at 100K (they always side with the female), divides loot in half for "fairness". How in the world do you pay her 50,000 if the coin are only worth 50K to begin with? And BTW, you now have to pay her attorney and her expert because you lied to the court.

    You can prevent all that by selling everything before trial. Avoid the experts, etc. Make sure you do it through an auction house...Heritage, etc. So they cannot claim you dumped everything to devalue it...that's the second trap.

    I had to do all that with 3 properties - went to cash and sat in an escrow account at the court house. But it solved all the property issues and left them without a case to argue. Took 2 years of my life to force the sales. Or you can hand them everything. Choice is yours.
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    BBNBBN Posts: 3,761 ✭✭✭
    I haven't read all of this thread. Does she know exactly what you have? My wife knows I collect, but doesn't know what.

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

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    << <i>I haven't read all of this thread. Does she know exactly what you have? My wife knows I collect, but doesn't know what. >>



    No she has no clue.
    Coin Photos

    Never view my other linked pages. They aren't coin related.
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    BBNBBN Posts: 3,761 ✭✭✭


    << <i>

    << <i>I haven't read all of this thread. Does she know exactly what you have? My wife knows I collect, but doesn't know what. >>



    No she has no clue. >>



    I'd meet with her lawyers with a bunch of my low value widgets then and act a little concerned at what of these coins you'd prefer to keep. Close my registry out. Don't tell a soul of what I have.

    Believe me, I went through an ungly divorce in 1997 and got fleeced because I played nice. There's no room for "meet in the middle" and equality. Her attorney is a shark will be sniffing for blood. This isn't a good will separation. You have to protect yourself. I'd start keeping liquid cash too. Something I wish I had done.

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
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    EggerEgger Posts: 440 ✭✭


    << <i>

    << <i>I haven't read all of this thread. Does she know exactly what you have? My wife knows I collect, but doesn't know what. >>



    No she has no clue. >>



    Time to show her your wonderful collection of 1980's mint sets image
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    relicsncoinsrelicsncoins Posts: 8,277 ✭✭✭✭✭
    From what I've seen from friends who have gone through it. If you can both agree to split everthing 50/50 and keep lawyers to a minimum, you will be much better off in the long run. Everytime I've seen a court battle over assets, it's the lawyers who make out, and not the clients.
    Need a Barber Half with ANACS photo certificate. If you have one for sale please PM me. Current Ebay auctions
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    BochimanBochiman Posts: 25,790 ✭✭✭✭✭


    << <i>

    << <i>If I had it to do over... Keep the coins ! >>




    I couldn't agree more....if they courts decide she gets half then give her half the coins and keep the rest for yourself. I sold off everything and my Ex ended up not paying any joint debt as I paid it off prior to the courts getting involved....dumb move on my part. >>




    Let's see...how to split coins so as to fairly give her half....

    She gets this 1994 circulated half dollar
    I keep this 1822 circulated half dollar

    She gets this 2006 cent
    I get this 1909-svdb cent


    Yeah.....that face value valuation sounds great to me!

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

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    botanistbotanist Posts: 524 ✭✭✭
    Don't harbor any illusions, a divorce usually becomes a street fight for assets. All's fair, they say.

    And a warning: Expect anything you post here, and that applies to everyone, not just the OP, to be seen by the opposing attorney.
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    MsMorrisineMsMorrisine Posts: 39,408 ✭✭✭✭✭
    I'm in the upfront camp.

    You're asking for trouble from the opposition and the judge if you hide assets.

    I find the "give or sell with the intentions of having it back" as trouble, too.


    If you have kids, put the collection in a trust for them. At least then they will be in their hands and perhaps you could have a some influence in the trust.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions

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