What coins would you include for your "Legacy" Collection?

coinsarefun

Would you include silver and coins Gold coins only? Or would you add some Copper?

Would add some bullion as an added investment?

How much money would you invest in it?

lasvegasteddy

Would you include silver and coins Gold coins only? Or would you add some Copper?..............might add some silver n gold to my copper and nickel thou...

Would add some bullion as an added investment?.....................nah

How much money would you invest in it?.....................................?

PerryHall

Please define "legacy collection". How is it different than any other collection?

coinsarefun

<< <i>Please define "legacy collection". How is it different than any other collection? >>




A collection that one would put together that would be an investment in the future after you are no longer around in this world

I think bear's Legacy Collection would be a good example But there are coins I would not have included

But I don't want this to be a discussion of his choices. It needs to be what the person wants to put together to make there own Legacy Collection.

TwoSides2aCoin

Who's backing me ?

coinsarefun

<< <i>Who's backing me ? >>







The third side of your coin

BillJones

If I were to leave a "legacy collection" it would be my complete gold type set intact. That is probably the most impressive part of my collection to most people. The copper, nickel and silver coins are not as impressive especially to non collectors.

I don't have the high grade coins that Bear had. My gold type set ranges from AU-50 to MS-67 with the average somewhere around MS-63.

Barndog

ideally I sell my collection before my death. I figure that if I die before my coins are sold, my heirs would not maximize their return.

BillJones

<< <i>ideally I sell my collection before my death. I figure that if I die before my coins are sold, my heirs would not maximize their return. >>



That is a good point. Unless you have a younger family member who becomes a serious collector, you "legacy collection" could be in vain.

PQueue

I take "Legacy" Collection, as I think you are poking at and Bear assembled, as a collection assembled for a very long term holding period spanning multiple generations. For that purpose, I think high quality coins of any metal are appropriate. Many great "collections" of all US coin types held for long periods have done very well. The difficult aspect in today's world is the long term holding period. To me, collection means numismatic pieces, so bullion is excluded by definition. Bullion and other assets could be passed down to heirs, but that's technically outside of the Legacy Collection.

pursuitofliberty

I take "Legacy" Collection, as I think you are poking at and Bear assembled, as a collection assembled for a very long term holding period spanning multiple generations. For that purpose, I think high quality coins of any metal are appropriate. Many great "collections" of all US coin types held for long periods have done very well. The difficult aspect in today's world is the long term holding period. To me, collection means numismatic pieces, so bullion is excluded by definition. Bullion and other assets could be passed down to heirs, but that's technically outside of the Legacy Collection.


this

291fifth

Nothing.

No one else in my family has any real interest in coins.

I plan to further reduce my numismatic holdings (which are already very low) over the next year.

Purchases for the collection are going to be few and far between.

LanceNewmanOCC

.
An example of each first year and last year for every usa mint authorized issue provided financially viable with my funds to purchase

1859 Indian Cent and 1909 Indian Cent

1909 Lincoln Cent and 1958 Lincoln Cent

1834 $5 and 1838 $5

Throw in some colonials, a few patterns/trials, some discovery coins, a few scarce die parirings and a series of challenges my will would include before anyone could inherit these items. ie: The Ultimate Gift
.

BAJJERFAN

<< <i>Please define "legacy collection". How is it different than any other collection? >>



Box of 20? I think it would be very smart of PCGS to offer 40, 50, or even 60 coin boxes.

RYK

I do not necessarily buy into the "Legacy Collection" concept, but if I did, I would probably leave some version of my Box of 20 Gold coins. Over time, the gold coins are the ones that seem to be appreciated the most by non-collectors possibly because gold itself is an object of desire.

BAJJERFAN

Legacy as in your dream box of 20 or legacy as in your actually "I own it now and it's mine" box of 20?

coinsarefun

Bill and Barndog bring up very valid points.

I like Bill's thoughts.




If I were to leave a "legacy collection" it would be my complete gold type set intact. That is probably the most impressive part of my collection to most people.
The copper, nickel and silver coins are not as impressive especially to non collectors.

I don't have the high grade coins that Bear had. My gold type set ranges from AU-50 to MS-67 with the average somewhere around MS-63




I think this is where I am headed. It will not be an elaborate or tremendous expensive but one that had a good representation of coins.
Mine will include tokens as I collect them, but most will be sold off and only the high condition attractive ones will remain.

And I would like to add gold.

And since I also collect ASE's and AGE's I will have a few in there too. It is part of what and who I am so I think it should be included.

I have no children so I can understand Barndog's comments but I have a wonderful guy that has been with me over 20 years that I would leave instructions
and he can pass it down to his nephew if he likes .Even though he does not appreciate coins to the level I do he does understand value and will not just dump them
without exploring the best return for his money. And who knows after all these years he has become to enjoy looking at them.

I would like to think that my namesake even though will not continue at least I may make an impact on my boyfriends nephew as he feels and refers to me
as his aunt

Hotfootspin

I think of "legacy" in entirely different terms.

I would leave my aunt's few nice Morgan dollars that she got in the casinos at Tahoe.
What remains of my mom's collection of Walking Liberty halves, and perhaps the coins
I added in order to complete her set.

I also have a collection of coins in the birth years of my ancestors and other family,
going back several generations. Some of them are world coins from the countries of
their ancestry, several different countries. Many of them are slabbed.

Mark

Broadstruck

Since I could get hit by a bus at any moment my regular collection might become my legacy collection...

As far as coins I don't own ay common dates, most everything I have is key, semi key, or tougher.

Zoins

I agree with Bill and RYK. Gold is appreciated by the most number of people, especially non-collectors.

coinbuf

<< <i>I think of "legacy" in entirely different terms.

I would leave my aunt's few nice Morgan dollars that she got in the casinos at Tahoe.
What remains of my mom's collection of Walking Liberty halves, and perhaps the coins
I added in order to complete her set.

I also have a collection of coins in the birth years of my ancestors and other family,
going back several generations. Some of them are world coins from the countries of
their ancestry, several different countries. Many of them are slabbed.

Mark >>



I'm in this line of thinking also, my legacy collection; which is made up of coins given to me by my grandmother, grandfather, and mom; is almost worthless value wise but is priceless to me.

mozin

I will not be leaving a Legacy Collection. My collection will be sent off to auction.