So my Grandfather is over visiting...
DickyBetz
Posts: 3,825
...and he is telling me all these stories about his old time collecting days back in the 50's, 60's, and 70's. He's telling me how he used to buy seated liberty halves for only like 5 times face from his local dealer. These are AU/BU coins he's talking about too! He told me he has an entire collection of them and next time I'm at his house I can take a look at them. 
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Now if he is getting old like me and wondering where those coins will end up, you may want to suggest he just gets rid of all that junk by giving it to you. Just kidding. Acrually though at my age that is what I am wondering. No relatives that want my coins or have an interest in them.
<< <i>...and he is telling me all these stories about his old time collecting days back in the 50's, 60's, and 70's. He's telling me how he used to buy seated liberty halves for only like 5 times face from his local dealer. >>
But what he really meant was Walking Liberty halves.
And don't get your hopes up to much about those seated halves. remember grading was a little lss formal in the 50's and those AU-BU coins may turn out to be XF-AU and polished. Remember during that time period White and shiny was good and cleaning, even harsh cleaning was commonplace.
<< <i>This may sound a little harsh but what kind of physical condition is your grandfather in? What I worry about is that if he ever had to go into a nursing home you would surprised how quickly the monthly fees will wipe out savings, and before you can qualify for medicaid funding they require the sale of almost all of your assets. One way to get around that problem is to gift or assign your assets over to someone else. But if the assigning was made less than three years previously the government will consider it to be a fraudulent attempt to hide assets and will still require the assets be sold and the proceeds used to pay for the patient care. If, haven forbid, he is not well and had to be put into a nursing home, you could see all though wonderful coins that are intended to come to you being sold off to pay for what is often minimal care.
And don't get your hopes up to much about those seated halves. remember grading was a little lss formal in the 50's and those AU-BU coins may turn out to be XF-AU and polished. Remember during that time period White and shiny was good and cleaning, even harsh cleaning was commonplace. >>
Sad but true. Tough words to hear, Dicky, but heed them well. Also, never underestime the greed of other heirs - smoetimes it's like a feeding frenzy when an estate is liquidated. Better you should have a serious talk with him about an early distribution...
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
I can't tell you how many times I've heard someone say they have a lot of wonderful old coins in high grade which turn out to be fewer in number, not quite as old and not quite as high grade as one remembers.
I hope I'm wrong, but maybe best for you not to get your hopes up too high and start imagining enormous frosty bags of rare date Morgans.
I have already seen some of his collection and if the quality of his seated halfs is anything like his 3CN's and Barber quarters then I dont think I have anything to worry about. None of them are cleaned or polished. In fact, the first thing he said to me when I was showing him my Lincolns this afternoon is to not ever clean them.
Hayden
That's what I was thinking, but Dicky's last post makes me worry less. Let us know what you find.
Obscurum per obscurius
More morbid stuff is when my Dad passed away he was alone. I didn't find out about it for several days. By then his place was pretty much wiped out of anything. Coulda, woulda, shoulda are all to late terms.
<< <i>Carl- He has already told me that I get his entire collection which also includes two $1000 bags of Morgan dollars he got in the early 60's.
You luck Dog, Dicky!
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TorinoCobra71