Have any of you had luck acquiring coins from either a probate sale or a banrkuptcy sale?

SanctionII · February 18, 2008 8:36AM

I suspect that on occasion coin collections are liquidated as part of a probate case filed after the death of the collector that owned the coins and that also coin collections are liquidated via a sale by a bankruptcy trustee when the collector or dealer that owns the coins goes belly up through a Chapter 7 bankruptcy.

Have any of you ever acquired coins under either of these circumstances? If so, pleae give us the details (i.e. sale by public auction or by private treaty) and how did it work out for you?

tightbudget · February 18, 2008 8:39AM

No, they usually sell for ridiculous amounts.

mrearlygold · February 18, 2008 8:40AM

Bad Karma

seatedcoins · February 18, 2008 9:09AM

Only if I also get the quarters that were on his eyes.

TwoSides2aCoin · February 18, 2008 9:27AM

I still get mine the old fashioned way. I buy from dealers who are half dead.

AUandAG · February 18, 2008 9:34AM

Not from those sources but I have purchased the collection of a fella that put it up for his bail bond
security and then fled the country. Well, I got a fairly good deal and only one B&M was bidding
against me. Sealed envelope bid. Coins were easy to view and inspect. That was fun, just
don't know what I'll do when he gets out of jail in 2011 (with good behavior). I heard they found
him in Costa Rica. I guess he thought that he was safe "out of the country".
Oh my,

bob

sinin1 · February 18, 2008 10:57AM

yes

vplite · February 18, 2008 1:09PM

<< <i>No, they usually sell for ridiculous amounts. >>

That has been my limited experience.

Have any of you had luck acquiring coins from either a probate sale or a banrkuptcy sale?

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