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Do you expect your heirs to fight over your coin collection?

CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭
in U.S. Coin Forum

Or will it be a smooth and harmonious transition?

:)

«1

Comments

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭

    To add the coins to their collection or for the sale proceeds? ;)

    Private Mint News | 2010 Lincoln Reverse Finalists
  • SmudgeSmudge Posts: 9,822 ✭✭✭✭✭

    Buzzkiller thread. I think I have made it pretty clear and in writing what is to be done.

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @Smudge said:
    Buzzkiller thread. I think I have made it pretty clear and in writing what is to be done.

    That is when the trouble usually begins.

  • Sunshine Rare CoinsSunshine Rare Coins Posts: 2,338 ✭✭✭✭✭

    I hope the bidders will!

    Sunshine Rare Coins

    sunshinecoins.com/store/c1/Featured_Products.html

  • ms70ms70 Posts: 13,956 ✭✭✭✭✭

    No, they'll just sell it probably. I'll leave instructions.

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • HydrantHydrant Posts: 7,773 ✭✭✭✭✭

    @ms70 said:
    No, they'll just sell it probably. I'll leave instructions.

    That's what I'm doing. They don't listen to me now. I try.

  • TeamDennisTeamDennis Posts: 108 ✭✭✭

    They know where it is. They know where not to sell it. They know how to price it to current conditions. All bets are off after that.

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    No heirs, no worries !!! ;)

    Timbuk3
  • 2ndCharter2ndCharter Posts: 1,704 ✭✭✭✭✭

    No problem here - the instructions are already in the SDB as to who to contact at Heritage, the negotiation of how much the heirs will realize, (hammer plus), and who gets how much out of the realization.

    Of course, the instructions are subject to revision if my contact person ceases to be at Heritage and, with the increases in the buyers' fee, that will also increase the amount of hammer-plus I have negotiated.

    Member ANA, SPMC, SCNA, FUN, CONECA

  • RYKRYK Posts: 35,800 ✭✭✭✭✭

    They might curse me, but they will have no need to fight over anything. ("Hey, I thought Dad had this really valuable coin collection...")

    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @2ndCharter said:
    No problem here - the instructions are already in the SDB as to who to contact at Heritage, the negotiation of how much the heirs will realize, (hammer plus), and who gets how much out of the realization.

    Of course, the instructions are subject to revision if my contact person ceases to be at Heritage and, with the increases in the buyers' fee, that will also increase the amount of hammer-plus I have negotiated.

    I used to have Heritage designated as well for my heirs. The ever increasing fees were a concern so I altered the instructions. I have instead named a trusted independent dealer. I have more hair than he does...but he is a bit younger. ;)

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    I have left instructions that the coins are to be sold at....AND ONLY AT.... a flea market.

  • mustangmanbobmustangmanbob Posts: 1,890 ✭✭✭✭✭

    A lot of gumballs are being purchased.

  • ricmanricman Posts: 313 ✭✭✭

    Not an issue! Sold it all and moved to a resort island.

  • BaleyBaley Posts: 22,663 ✭✭✭✭✭

    My heirs will fight over who has to "deal with " all these old coins.

    Liberty: Parent of Science & Industry

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,618 ✭✭✭✭✭

    I have zero expectations and won't be disappointed from the grave. I do hope they (heirs) have as much fun as I had, though

    ``https://ebay.us/m/KxolR5

  • JeffersonFrogJeffersonFrog Posts: 1,088 ✭✭✭✭✭

    They'll fight over who gets to ride shotgun to the beer store, but not the coins. Already discussed, written down and taken care of. Smooth sailing.

    If we were all the same, the world would be an incredibly boring place.

    Tommy

  • hchcoinhchcoin Posts: 4,837 ✭✭✭✭✭

    @Smudge said:
    Well I tried. Darwin will take over from there.

    That made me laugh.

  • CCGGGCCGGG Posts: 1,267 ✭✭✭✭✭
    edited September 3, 2018 4:43PM

    I'll probably sell before that becomes a problem, but if I depart sooner than expect, I have a will that addresses the issue.

  • hchcoinhchcoin Posts: 4,837 ✭✭✭✭✭

    All 3 of my kids have collected over the years. I have brought them to shows, club meetings, auctions, flea markets, pawn shops, coin shops and basically submersed them in the hobby when they were young. I am hoping they will have fun with what I have left when I go.

  • 1Mike11Mike1 Posts: 4,427 ✭✭✭✭✭

    No fighting, they aren't into coins. I told them to sell them and use the money as they see fit.

    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭

    By that time I plan on owning only a few things I truly enjoy and want to pass down to an individual who can appreciate them. Family or not.

  • BAJJERFANBAJJERFAN Posts: 31,329 ✭✭✭✭✭

    Prolly should start the liquidation myself one of these days.

    theknowitalltroll;
  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    Absolutely not.

  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭
    edited September 4, 2018 4:22AM

    Nothing much to fight over. My kids have tenants in common ownership of all publications, materials, and copyrights. As for coins, well they can argue over the pocket change left from my last visit to 7-11. :)

  • BryceMBryceM Posts: 11,859 ✭✭✭✭✭

    I’m planning on not dying. If that doesn’t work, they’ll find a sheet of instructions, and a file of carefully maintained inventory lists and receipts. If they’re too stupid to follow instructions they’ll get what they deserve.

  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭

    <3 Please keep me in mind o:)

    @Jinx86 said:
    By that time I plan on owning only a few things I truly enjoy and want to pass down to an individual who can appreciate them. Family or not.

  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭

    :) OK OK ...... on a serious note;
    My take is:
    You and I included have worked hard and earned every penny including our would be stuffs in our estate will
    SO live it up my friends .... leave a little for our next gen ; they have their own responsibilities to up it as well as we do (did) :)

    Sound harsh ? It's TOUGH LOVE <3

  • 1Mike11Mike1 Posts: 4,427 ✭✭✭✭✭

    @Paradisefound said:
    I got to find a hare first ........ and only then my heirs can duke it up >:)

    I think you misunderstand the meaning of playboy bunny and sexy photos.

    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • dennis1219dennis1219 Posts: 267 ✭✭✭

    No... unless in the meantime I sell all of it and move down by @Paradisefound

  • OnastoneOnastone Posts: 4,153 ✭✭✭✭✭

    Do you expect your heirs to fight over your house? Your bankbook? Your laundry?

  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    no fights.

    My son already told me he is going to roll everything up and take it to the bank.

    Frank

    BHNC #203

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    My wife can deal with all my 'stuff'....No one is interested now, so I will not worry about it. Cheers, RickO

  • oih82w8oih82w8 Posts: 12,608 ✭✭✭✭✭
    edited September 4, 2018 10:00AM

    No worries here...I'm taking the coins with me! ...and if they don't act civilized...the heirs too!

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • UnknownUnknown
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  • ElKevvoElKevvo Posts: 4,139 ✭✭✭✭✭

    @Regulated said:
    A friend once told me that Bill Anton claimed that he intended to dump his collection in the ocean because nobody else deserved to own any of his coins.

    It's one valid solution that will DEFINITELY keep the heirs at bay...

    Good pun! I have written general instructions...'Get at least 3 separate appraisals', ask on the boards about who . where, NO PAWN SHOPS etc.

    K

    ANA LM
  • BillJonesBillJones Posts: 34,835 ✭✭✭✭✭
    edited September 4, 2018 12:55PM

    No, it's already set up to be sold, and almost all of them are too disinterested it know what it is any way.

    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 ... ?
  • lkeneficlkenefic Posts: 8,576 ✭✭✭✭✭

    There's not that much, but I'd better write this stuff down...

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • BillDugan1959BillDugan1959 Posts: 3,821 ✭✭✭✭✭

    @thefinn said:
    I only have one daughter. Unless she develops multiple personalities, there shouldn't be a problem.

    I am in a very similar boat as the Finn. Just one kid, and she is a good one.

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    Clear and explicit instructions are provided. No conflict.

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