Are Any Of Your Heirs Interested In Coin Collecting?
USSID18
Posts: 143 ✭✭✭
Got this thought/idea from @braddick 's "The Decline of Coin Collecting" thread.
Just a simple yes or no survey.
Are any of your heirs or other family members interested in coin collecting? I don't mean will they be interested in your collections after you're dead and gone but are they interested now?
For me? Not ONE! My ideal situation would be a legacy collection, that gets past down to family members. Not even my in-law side of the family are interested in coins. So I guess my collection will eventually end up in your collection one day. 😖
Are Any Of Your Heirs Interested In Coin Collecting?
This is a public poll: others will see what you voted for.
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Yes, but only slightly at best. It’s a young boy who has an equal interest in Pokeman cards.
No and its already spoken for 😈
My youngest grandson seems to have an interest that he developed on his own.
“The thrill of the hunt never gets old”
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Perhaps a grandson. He enjoys history and collecting baseball cards, at seven years of age- and perhaps that will translate one day to collecting coins.
Yes, and they will like what they get. A lot.
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No for me... my daughter had an interest in Peace Dollars when she was about 10, but sold everything and bought a laptop when she hit her teen years...
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My son-in-law is a long shot, but not an heir. My plan is to liquidate everything myself, if I’m granted that luxury. Started already.
none of my family is into coin collecting
silver coin sale at link below
https://photos.app.goo.gl/N1s4aR1Gex59y26c7
Yes my middle son- he’s a collector at heart
Started with Pokémon cards and I have slowly introduced coins and now he is into Civil War tokens and 3c pieces, neither of which I collect
If I can just suggest, start them YOUNG. By 12, their interests are already a million other places.
I should go see my cousins husband. He started years back and am not sure where it went 🤔
I gave my son a couple of Morgan’s and a 1954 3 mint set. He’s 31 but so far he hasn’t caught the fever. I told my wife if or when I die to give them to him.
I hope that’s not for a while.
Too bad there is not a “maybe”.
Student of numismatics and collector of Morgan dollars
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JWP
Absolutely no interest.
The results of this poll do not bode well for those of us who are looking at a huge hoard.
Great nephew briefly. I gave him a few slabbed coins from his birth year. His interest didn't last long. I have 3 sons, hence 3 Dansco complete albums of several different series. When I'm gone, I figure the albums will be sold pretty quickly. Actually makes me kinda sad.
No; my only job will be either (i) sell them before I die or become incompetent, or (ii) make sure that my heirs/executor knows how best to sell them.
I have a nephew who collects, spurred on by finding a 09-s 1c in a group of wheaties he had occasion to search.
There are 10 types of people in the world, those who understand binary and those who do not.
I've been trying for years but they just think I'm an oldster with a bunch of dirty toned coins.
My nephew even threatened to use my toned commems in vending machines (LOL) so I think I had better get to
work on getting them sold before dementia catches up with me.
Commems and Early Type
As of now no interest that I know of.
Time will tell.
My current plan is to donate a few pieces and sell the rest when I retire.
Interested but not at my level. All 3 sons collect cards so I think the interest will grow as they age. The granddaughter likes to show me how she can properly hold a coin and open tubes but at age 4, its more about the shiny object than the coin.
USAF veteran 1984-2005
At the moment, my 12 year old son has interest, but usually just wants to participate when I am (which is fine). He doesn’t have the bug, but there is real interest. Hopefully I don’t answer no to this poll in 30 years.
Yes - 20 year old son maintains an interest, although less intense than my own. He does buy an exceptional coin for his own collection once in a while, a pretty good sign.
No, I'm not of an age to have heirs yet 😆 but I would eventually hope to foster interest in my future descendants for collecting. I am a dealer, but I started out as a collector and continue as one. I enjoy the hobby for many reasons, but a big one is historical. I realize the tremendous value of being well acquainted with our history, and I would hope to pass that on someday. Physical money is one of the most tangible ways I know of connecting with history.
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All I've ever gotten was, "You paid what?"
Jim
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I packed up my half-filled Whitman folders and a baggie with a sort of partial mini-type set of US coins back to the mid 1800s and handed them over .. never heard of them again, I'd guess they got tossed in a closet.
Yes.
I have 3 daughters and my middle one loves everything about coins. She is at my hip at every show we can make together.
She has completed her own silver Roosevelt dime album and has moved up to silver Washington quarters now.
My kids will all split either the collection itself or the value of my collection when the time comes but I expect my middle daughter to be able to properly handle its distribution or liquidation (she’s certainly capable of getting all my coins to Great Collections if need be).
No kids - too late for that. My nieces will get everything, but I'm going to make them go thru the effort of selling everything. I've been putting in the effort and cost of having my stuff graded (PCGS, plus some NGC I bought aftermarket). This way, with the price guide, they can have an idea what its all worth. They are very responsible 30-somethings, they can handle it. I'll point them to an auction house or something. They'll probably net an amount worth the effort.
This is mostly modern 1976+ proofs, like bicentennial, ASEs, AGEs, some platinum, palladium (I may stop this), gold Bufallo. Its what caught my eye back when I was 10 or 11 and later. Over 350 graded coins, I may send in my 19th century old silver (I got before I got into moderns) some day as well. I'm curious about some of them, but none in too great condition - or luster.
I want to hand it all over while I still have my whits, so I can give them some clue. Until then its still mine, and I havent stopped yet - keeping the annual issues going.
I mentioned in another thread I do have half a plan to off my palladium coins (mostly fractional), and maybe add a few incuse Indian quarter eagle $5. Always liked that old design. Ah, ... some day ...
While informational, this thread is soooo depressing
Makes ya wonder who's gonna get buried with their coins 😖
No. My kids (twenties), more so as a courtesy, show a little interest in what I do, but they don't have any independent interest. I'm unaware of any of their peer groups having any interest in the hobby.
For those saddened or depressed, a keen interest in coin collecting is a rare thing, so it isn’t surprising that our own heirs are among the majority. I’ve been collecting for about 70 years and have never run across a serious collector in the wild, other than a few fellow child collector buddies in the ‘50’s. The ANA had a membership of 30,000 or so last time I looked. Should give one a clue.
I used to give away stuff like that to my niece and nephews, but their dad says they never ever looked at them. He still has them. I told him, we should start a non-profit to give these sets away to someone who could look after them. His kids are in college or grown up now and think I am "Uncle Cringe"
I rarely tell ask anyone if they have an interest in coin collecting. I suspect many people do, but wont admit it. A few of my friends, one who is an ex postal carrier, says you have to be careful about those coins. I think I will gift them to him in my will. He knows the coin collectors on his route by name. And he's in my circle of trust. Always give gifts to your carrier around the holidays!
At least that's a plan. I would take the time to talk them through the efforts you have already put forth. Same for wives who would rather just put them in a box on the sidewalk.
My 17yo daughter has explicitly said she doesn’t care. But she’s a collector at heart, always wanted to have “the entire set” of things when she was little, so I hope it’s a maybe.
I liked coins when I was little but didn’t collect for myself until very recently, and had only some culled silver etc handed down from my grandmother, I thought that was all she collected.
I do remember her going to shows when I was young but I never asked her about it, life got busy..
I found out just a little while ago that my uncle got her real collection and sold it like 20 years ago for 5k. It’s prob for the best I’ll never know what was in it..
So maybe dont despair if no one at the moment shows interest, keep planting the seeds!
not as of yet
Wayne
Kennedys are my quest...
Nope, and I don’t even pretend to hold out hope for my teenage daughter. She’s got her own interests, as she should.
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I hope it takes for her, she won't be sorry 😉
No, but they're in the beginning stages of adulthood and have better things to worry about.
They'll likely be happy I'm leaving my collection to them though.
Newbie collector of type and circulated Peace dollars, photographer of places and animals, player of instruments and builder of amplifiers, espresso industry professional, and a person distracted by shiny objects. https://mycollect.com/Rule556/sets
No, and that's fine. They are their own people with their own interests. They appreciate my affinity for the hobby and may decide to keep some of my stuff when I'm done with this world, but it's pretty much up to me to have liquidation instructions ready.
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To me, the other thing to consider with this subject is whether the recipient can realistically afford to keep it.
To me, it's pointless to leave a valuable collection to someone who is otherwise broke or cash/asset poor who will sell it because they need the money for other purposes. Or, where the collection value will be a disproportionate pct. of their net worth after they inherit it.
That's the situation for me. My collection isn't hugely valuable by contemporary standards, but it's a lot of money to someone who has little of it. My nephew is the only candidate now who might be interested in it as an heirloom (not because they are that interested in coins) and who is likely to be able to afford to keep it too.
MAYBE
They are collectors at heart: but, currently have intensive careers
For those of you with an absolute yes or no, that didn't vote. Please vote.
No, so I've been liquidating.
I am a bit surprised at the number of collectors who have no one that is interested in taking over the reigns once they past.
That's kinda what I was thinking when I started the thread.
"Pass" not 'past'
Embarrassing.
I guess that's me! 😔 😖
No, except up to the point that when I give them a set or something from the mint they ask "what is it worth" and "how much can I get for it"?
So, I am not going to sell off everything and the things I have set aside for the grandkids and their parents, I will give it to them with the understanding that they can do anything they want to with it. Once it is theirs it belongs to them. Hopefully they'll look and enjoy and maybe learn something, if not, there is nothing I can do.