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Do you expect your heirs to fight over your coin collection?
Coinstartled
Posts: 10,135 ✭✭✭✭✭
Or will it be a smooth and harmonious transition?
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To add the coins to their collection or for the sale proceeds?
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.
Well I tried. Darwin will take over from there.
I hope the bidders will!
Sunshine Rare Coins
sunshinecoins.com/store/c1/Featured_Products.html
No, they'll just sell it probably. I'll leave instructions.
Here comes the heir into the dealer's shop ...
Hi, I don't know much about these but just want to get rid of them ... how much will you pay me?
They will fight each other to not be the one that has to go through the all of the trouble to organize and sell it.
My US Mint Commemorative Medal Set
All my heirs are canine.
Obviously, the chihuahua gets first shot.
That's what I'm doing. They don't listen to me now. I try.
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.
No heirs, no worries !!!
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
They might curse me, but they will have no need to fight over anything. ("Hey, I thought Dad had this really valuable coin collection...")
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.
I have left instructions that the coins are to be sold at....AND ONLY AT.... a flea market.
A lot of gumballs are being purchased.
Not an issue! Sold it all and moved to a resort island.
My heirs will fight over who has to "deal with " all these old coins.
Liberty: Parent of Science & Industry
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
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
That made me laugh.
I'll probably sell before that becomes a problem, but if I depart sooner than expect, I have a will that addresses the issue.
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.
No fighting, they aren't into coins. I told them to sell them and use the money as they see fit.
"A dog breaks your heart only one time and that is when they pass on". Unknown
I only have one daughter. Unless she develops multiple personalities, there shouldn't be a problem.
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.
I don't care. I'll be dead.
All comments reflect the opinion of the author, even when irrefutably accurate.
Prolly should start the liquidation myself one of these days.
Absolutely not.
No fight, I'm taking mine with me.
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.
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...
What is now proved was once only imagined. - William Blake
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.
I got to find a hare first ........ and only then my heirs can duke it up
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
I think you misunderstand the meaning of playboy bunny and sexy photos.
"A dog breaks your heart only one time and that is when they pass on". Unknown
No... unless in the meantime I sell all of it and move down by @Paradisefound
Do you expect your heirs to fight over your house? Your bankbook? Your laundry?
no fights.
My son already told me he is going to roll everything up and take it to the bank.
BHNC #203
My wife can deal with all my 'stuff'....No one is interested now, so I will not worry about it. Cheers, RickO
No worries here...I'm taking the coins with me! ...and if they don't act civilized...the heirs too!
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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
No, it's already set up to be sold, and almost all of them are too disinterested it know what it is any way.
There's not that much, but I'd better write this stuff down...
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I am in a very similar boat as the Finn. Just one kid, and she is a good one.
Clear and explicit instructions are provided. No conflict.