MorganMan

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Posts posted by MorganMan

  1. On 11/4/2020 at 11:52 AM, dena said:

    A reminder seems to be in order.

    If you can't play nice, you can't play here.

    In the past we have spent time going through threads to remove the hostile posts that ruin a perfectly good topic. Going forward we will just delete entire threads. This doesn't mean that you'll be able to derail someone else's thread to get it shut down. This means that anything you've posted, good or bad will be removed.

    If you can't leave your personal hostilities at the door, you can't post here.

    Pretty well self explanatory.

  2. 6 hours ago, GoldFinger1969 said:

    Some people entrust illiquid asset sales to a friend (sometimes specifically enumerated in their Will or Estate Plan).  Some enlist a friend in the same business.  A dealer or fellow hobbyist.

    You could also have approximate FMV's for each of the coins, or a range, to assist.

    I worked in 2 private banks and dealt with some HNW and ultra-HNW individuals.  One guy had a collection of foreign and ancient coins in the thousands and had an Excel spreadsheet with all the data, including approximate value, so his stuff didn't sell for too cheap a price.

    I have 95% of the coins cataloged in Coinmanage. So there is a value set on the coins. But how many young people nowadays will wait it out on something they are not interested in to get the best price? 

  3. 15 hours ago, GoldFinger1969 said:

    Only pennies on the dollar ?  Did you buy alot of stuff "high" or it just never moved up ?

    I'd say on balance my stuff, going back 20 years or so, is up because of the low prices I paid for some silver and gold coins, esp. bullion or quasi-bullion.

    No nieces or nephews or friends of the family who are into coins ?  What about responsible financial investors....someone like that might appreciate coins as a quasi-investment.

    Nothing wrong either with enjoying the proceeds, esp. if $$$ are tight.

    I meant pennies on the dollar in today's market, ie, they would have no idea what to sell them for or to whom. And because of their lack of interest, would sell for less than market to get rid of them and have a little cash.. Tha vast majority of the coins I have were collected back in the 50's and 60's. The value has risen tremendously if I use that as a cost basis.  I could go buy a roll of silver dollars (morgans and peace) for 20 dollars at the bank.  I have several thousand of those that are circulated in various conditions..

    Money is not tight, but that is not the issue. I worked hard collecting what I have, and just do not want someone who they have no meaning to selling them. I would rather be the one to do it. I could chose who gets them, like collectors rather than some local gold and silver dealer who would just buy for melt prices.

     

    Oops, sorry about the double post. Must have clicked quote instead of edit. :$

  4. 14 hours ago, GoldFinger1969 said:

    Only pennies on the dollar ?  Did you buy alot of stuff "high" or it just never moved up ?

    I'd say on balance my stuff, going back 20 years or so, is up because of the low prices I paid for some silver and gold coins, esp. bullion or quasi-bullion.

    No nieces or nephews or friends of the family who are into coins ?  What about responsible financial investors....someone like that might appreciate coins as a quasi-investment.

    Nothing wrong either with enjoying the proceeds, esp. if $$$ are tight.

    I meant pennies on the dollar in today's market, ie, they would have no idea what to sell them for or to whom. And because of their lack of interest, would sell for less than market to get rid of them and have a little cash.. Tha vast majority of the coins I have were collected back in the 50's and 60's. The value has risen tremendously if I use that as a cost basis.

    Money is not tight, but that is not the issue. I worked hard collecting what I have, and just do not want someone who they have no meaning to selling them. I would rather be the one to do it. I could chose who gets them, like collectors rather than some local gold and silver dealer who would just buy for melt prices..

  5. I'll just say this. While my dad and both loved collecting coins over the years, absolutely NO ONE in my family is interested in coins at all.  I am at the point in my life where I know that if I die, my collection will be sold for pennies on the dollar by my heirs.

    I am seriously thinking of selling my collection at this point in my life (65 years old) and just having fun with the proceeds. I am having a hard time deciding what to do.

    Very sad.