Options
Where would you like to see your collection end up?
ColonialCoinUnion
Posts: 10,087 ✭✭✭
Lets assume that you don't have any children or other relatives who share your enthusiasm and will carry-on your collection and add to it for the next 50 years -
So your options are as follows:
1) Sell your collection at auction, where 85% of what you own now will eventually be dipped and cleaned and shoe-horned into slabs with higher grades and sold to novice collectors for too much money (note you or your heirs won't see any of this money - it will end up in the pockets of the coin doctors who bought your nice original stuff at auction cheaply).
2) Donate your collection to a museum, where it will sit on dusty shelves in a dark storage closet for the next 22 years, to be seen only by the very occasional numismatic scholar who is doing some research. Eventually, these coins will either be curated by the non-numismatist museum staff to remove that 'ugly' toning and make them all shiny, or they will be stolen by the numismatic scholar who will replace the genuine coin with an electro when no one is looking. Or the museum will encounter financial diffiuclties and sell your collection in which case we are back at number 1.
3) Sell your collection intact to someone who specializes in this stuff - probably hes the guy who has been your primary competitor for these coins at auction for the last 10 years. You don't like him and he doesn't like you - and he'll pay you much less than the collection is worth. He at least shares your enthusiasm and probably will not destroy the coins like the participants of 1 and 2. Of course, when it comes time for him to sell, hes back in this same boat.
So your options are as follows:
1) Sell your collection at auction, where 85% of what you own now will eventually be dipped and cleaned and shoe-horned into slabs with higher grades and sold to novice collectors for too much money (note you or your heirs won't see any of this money - it will end up in the pockets of the coin doctors who bought your nice original stuff at auction cheaply).
2) Donate your collection to a museum, where it will sit on dusty shelves in a dark storage closet for the next 22 years, to be seen only by the very occasional numismatic scholar who is doing some research. Eventually, these coins will either be curated by the non-numismatist museum staff to remove that 'ugly' toning and make them all shiny, or they will be stolen by the numismatic scholar who will replace the genuine coin with an electro when no one is looking. Or the museum will encounter financial diffiuclties and sell your collection in which case we are back at number 1.
3) Sell your collection intact to someone who specializes in this stuff - probably hes the guy who has been your primary competitor for these coins at auction for the last 10 years. You don't like him and he doesn't like you - and he'll pay you much less than the collection is worth. He at least shares your enthusiasm and probably will not destroy the coins like the participants of 1 and 2. Of course, when it comes time for him to sell, hes back in this same boat.
0
Comments
I hate it when you see my post before I can edit the spelling.
Always looking for nice type coins
my local dealer
Collections are wonderful things, but we really do not own them. We are really just renting them. We have them for a period of time that we have and then the coins move on to someone else.
Numonebuyer
to see remain intact but will have little or no control over it.
When I am up in age, and of ill health, then I may sell before I pass on.
If not I wouldn't mind selling them.
> Collections are wonderful things, but we really do not own them. We are really just renting them. We have them for a period of time > that we have and then the coins move on to someone else.
Not if I have them buried with me.
-KHayse
Than return on my Harley with sadle bags full of gold..Cant wait
Russ, NCNE
<< <i>I was going to say take them with me, but I'm worried they might melt. >>
Either that, or they'll "tone" nicely!
Getting a little tired of getting a set together and have a few that I just can seem to agree on the value even with the POP's being reasonable.
NEVER LET HIPPO MOUTH OVERLOAD HUMMINGBIRD BUTT!!!
WORK HARDER!!!!
Millions on WELFARE depend on you!
My Auctions
No good deed will go unpunished.
Free Money Search
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
once you've sold a coin, nothing prevents the new owner from conserving, melting, or throwing it in the ocean, if that's what they want to do with their property.
all this whining about coins being ruined is banging your head against a wall
you can't tell folks what they should or should not do with their own property.
the only thing we can do is take care of our coins when they're ours and enjoy them.
after that, who gives a flying whatever?
Liberty: Parent of Science & Industry
Sleep well tonight for the 82nd Airborne Division is on point for the nation.
AIRBORNE!
#1, PCGSs not yours!
<< <i>4) sell them myself when I get up in age, and spend the money or leave it to the children.
once you've sold a coin, nothing prevents the new owner from conserving, melting, or throwing it in the ocean, if that's what they want to do with their property.
all this whining about coins being ruined is banging your head against a wall
you can't tell folks what they should or should not do with their own property.
the only thing we can do is take care of our coins when they're ours and enjoy them.
after that, who gives a flying whatever? >>
OK then.
from. Seems the fair thing to do and I am always treated fairly in return. Especially if they
are the dealers that I have been doing bussiness with, for a long time.
If I do not sell my collection while I am alive to help Mrs Bear and my bear cubs puchase homes,
then I will leave exact instructions as to the dispersal if needed to keep Mrs Bear in honey.
Camelot
If not, sell everything however or to whoever so it will maximize the value.
CoinPeople.com || CoinWiki.com || NumisLinks.com