I have more a philosophical question. What are you planning to do with your collection in the future?
Sometimes this question arises in my head. I am only in my 30s, still a long way to go (I hope). But how to know that the day of "Enough" has come? Probably your children or grandchildren will pick up, but what if they are not interested in it? What if we deprive them of the "fun" of collecting, starting from the very beginning, getting to learn everything from scratch. Is it fair for young collectors to start with a huge collection to begin?
And what if nobody is interested in your collection? Do you sell it when you are alive, then when? Or you just wait until you die, and your family happily sells it for $10,000 (when it costs way more)?
A lot of questions I have. And I will appreciate any response. Maybe someone has a clear idea already, or have seen something like that already.
I wish I would of started collecting at age 30. Im in my sixties and after being a bricklayer for many years, and leading a rather exciting life, this question has been challenging me for the past year. I havent always had my priorities straight and the last 10 years gave me a chance to fix that.Coin collecting has really had a positive experience on my life and family.It has brought me closer to my family,grandchildren ,more then then I could of ever wished for. Lately I have been seriously trying to decide what to do with my coins. If I die unexpectedly, my wife has lists of local auction houses, and access to my Numista account so she has a idea of what I have, and how to get the best $$ out of them.
I want to do some other things before Im to old to do them. So, Im going to sell some to help fund that.
My wife Valerie, bought me a Toyota Tacoma 4x4 (She really is 1 in a million) so Ive decided to hit the overland trails in Utah,Arizona etc. Im still in good enough health to enjoy that, and make more memories with the kids.
I have 3 grandchildren who collect coins with me, 1 who I think will be a serious collector. They will get the bulk of it. Then they can decide to keep or sell them. Im fine with either choice they make.
Coin collecting for me has always meant being part of a special group, which I am proud to be a part of.I hope they will remember all the fun they had collecting coins with grandpa, and by leaving them some they will have part of that.
So, Ive finally come to a conclusion on that hard thought out subject.
Good Topic.
Quote: "johnspa"I wish I would of started collecting at age 30. Im in my sixties and after being a bricklayer for many years, and leading a rather exciting life, this question has been challenging me for the past year. I havent always had my priorities straight and the last 10 years gave me a chance to fix that.Coin collecting has really had a positive experience on my life and family.It has brought me closer to my family,grandchildren ,more then then I could of ever wished for. Lately I have been seriously trying to decide what to do with my coins. If I die unexpectedly, my wife has lists of local auction houses, and access to my Numista account so she has a idea of what I have, and how to get the best $$ out of them.
I want to do some other things before Im to old to do them. So, Im going to sell some to help fund that.
My wife Valerie, bought me a Toyota Tacoma 4x4 (She really is 1 in a million) so Ive decided to hit the overland trails in Utah,Arizona etc. Im still in good enough health to enjoy that, and make more memories with the kids.
I have 3 grandchildren who collect coins with me, 1 who I think will be a serious collector. They will get the bulk of it. Then they can decide to keep or sell them. Im fine with either choice they make.
Coin collecting for me has always meant being part of a special group, which I am proud to be a part of.I hope they will remember all the fun they had collecting coins with grandpa, and by leaving them some they will have part of that.
So, Ive finally come to a conclusion on that hard thought out subject.
Good Topic.
John
Thank you for sharing your life story. I really enjoy reading such things. I am happy that coin collecting has brought you closer to your family. And I am happy that you have all decided at your moment of life. Maybe that grandchild will continue the spark in your family, and that it so great. Well, good luck to you, and thank you for sharing.
All my life I was a collector. Had insulators, glass and porcelain, coca cola stuff, coins, banknotes and a massive stamp collection(among lots of other things). 2 recessions and a divorce saw me unload most everything for next to nothing just to survive. If only I had sold everything in 2006, LOL! Many times I had thought about the answer to that question but it seemed life had a different plan for any of the possibilities I had thought of. Two years ago I came to Thailand on a permanent basis. The only thing I brought was my banknotes. That collection has grown immensely in 2 years and really has surprised me. Back to the question. It's not so much what I will do as I would love to know what will happen after I die. Thais aren't known for collecting foreign banknotes. They are worthless paper to them which has worked to my advantage at times. If I do end up with a Thai wife I'm not sure what she could do with them here. Still have many years to ponder this, well, as long as I survive Covid-19. LOL!!!
Quote: "blue-m"Interesting question!
All my life I was a collector. Had insulators, glass and porcelain, coca cola stuff, coins, banknotes and a massive stamp collection(among lots of other things). 2 recessions and a divorce saw me unload most everything for next to nothing just to survive. If only I had sold everything in 2006, LOL! Many times I had thought about the answer to that question but it seemed life had a different plan for any of the possibilities I had thought of. Two years ago I came to Thailand on a permanent basis. The only thing I brought was my banknotes. That collection has grown immensely in 2 years and really has surprised me. Back to the question. It's not so much what I will do as I would love to know what will happen after I die. Thais aren't known for collecting foreign banknotes. They are worthless paper to them which has worked to my advantage at times. If I do end up with a Thai wife I'm not sure what she could do with them here. Still have many years to ponder this, well, as long as I survive Covid-19. LOL!!!
Thanks for the response! Very interesting story.
You said that you wished to sell everything in 2006, why would it matter? Would it shape up your life differently?
If nobody in my family is interested in my collections when I die, then so be it.
I wouldn't care or worry because i'd be dead. Rather they sell it and have some money to buy things they want than to keep a bunch of useless coins that they have no knowledge or stories to tell about.
Quote: "AshsCollectablesStore"If nobody in my family is interested in my collections when I die, then so be it.
I wouldn't care or worry because i'd be dead. Rather they sell it and have some money to buy things they want than to keep a bunch of useless coins that they have no knowledge or stories to tell about.
Do you educated your members of your family about the value? Because I don't, and I can see my collection is being sold for much less than it could be sold.
It depends as I have no one I trust to leave them too. But my nephews and nieces have yet to mature and may step up to the mark.
But if I get cancer or some other horrible terminal disease, I will sell them and use the money to pay for treatment. I realise at nearly 44 I am not getting younger, but feel I should at least have 20 more good years left in me.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
If you want young collector to learn, Don just give them the collection immediately. Give them a small worthless collection 1st. Let them start from there and let them scale up. One day you leave the world just let them be. They want to sell it fast for some cash and under value so be it. Unless you have time to organise and write down the price tag for every coin before you leave. Honesty, even if I am sick, I will never sell my collection. Because my collection took a long time to search.
Be kind to people. Sharing is Caring. Collect what you like and not by the Crowd.
To seek for perfection, it is too painful and there is a very high price to pay. To seek for something comfortable is more easy. To seek for nothing is even more easy.
Quote: "blue-m"Interesting question!
All my life I was a collector. Had insulators, glass and porcelain, coca cola stuff, coins, banknotes and a massive stamp collection(among lots of other things). 2 recessions and a divorce saw me unload most everything for next to nothing just to survive. If only I had sold everything in 2006, LOL! Many times I had thought about the answer to that question but it seemed life had a different plan for any of the possibilities I had thought of. Two years ago I came to Thailand on a permanent basis. The only thing I brought was my banknotes. That collection has grown immensely in 2 years and really has surprised me. Back to the question. It's not so much what I will do as I would love to know what will happen after I die. Thais aren't known for collecting foreign banknotes. They are worthless paper to them which has worked to my advantage at times. If I do end up with a Thai wife I'm not sure what she could do with them here. Still have many years to ponder this, well, as long as I survive Covid-19. LOL!!!
Thanks for the response! Very interesting story.
You said that you wished to sell everything in 2006, why would it matter? Would it shape up your life differently?
I could have sold everything for a ton of money had I known about the impending recession. Still have to remember that hobbies are for enjoyment not to make money.
I’m only 20 - so hopefully I still have many years of collecting to go. My family has always had economical issues throughout my childhood, and it was scary and stressful moving around so much, always hoping for a better life because the last one didn’t work out.
I first started collecting coins when I was around 10 as a way to hoard money - holding them physically always made me feel calmer, thinking I had so many I would never go hungry. Now that I think back at it, it makes me laugh: they were only some boring Euros with not much value, but I would keep them jealously hidden and protected. They were my most valuable possession.
Now, 10 years later, our economic situation is a bit better, but still pretty uncertain. Coins quickly turned into a hobby - and a veritable obsession! But I still look at it as savings in case of hard times. I wouldn’t sell them easily (I love my collection too much) but if I was starving to death and I needed bread, then and only then I would part with them.
Personally, I’m planning to enlarge my collection more and more, so it can get some serious value. Eventually, I want to pass it on to my children and grandchildren as the greatest treasure I could ever give them: a physical asset they can always rely on in hard times.
Quote: "Bravefoot"I have thought about this a lot before!
I’m only 20 - so hopefully I still have many years of collecting to go. My family has always had economical issues throughout my childhood, and it was scary and stressful moving around so much, always hoping for a better life because the last one didn’t work out.
I first started collecting coins when I was around 10 as a way to hoard money - holding them physically always made me feel calmer, thinking I had so many I would never go hungry. Now that I think back at it, it makes me laugh: they were only some boring Euros with not much value, but I would keep them jealously hidden and protected. They were my most valuable possession.
Now, 10 years later, our economic situation is a bit better, but still pretty uncertain. Coins quickly turned into a hobby - and a veritable obsession! But I still look at it as savings in case of hard times. I wouldn’t sell them easily (I love my collection too much) but if I was starving to death and I needed bread, then and only then I would part with them.
Personally, I’m planning to enlarge my collection more and more, so it can get some serious value. Eventually, I want to pass it on to my children and grandchildren as the greatest treasure I could ever give them: a physical asset they can always rely on in hard times.
Thank you for sharing your story, very interesting. I can see some similarities with mine. I also started "collecting" coins when I was 10. Then more & more, when I was 21, I moved to the US. Since then the collection grew even larger, especially in value. Thanks again! I hope to see more stories like that.
I avoid valuable coins intentionally, so as not to be tempted to sell the collection if I suddenly were in need of money. Having put so much effort in it, I don't want to lose these possessions. On the other hand, overall value of what I have slowly increases anyway, so maybe I'm just deceiving myself when I'm saying that it is not valuable at all.
More frequently I see collectors with different attitude, who always try to increase the overall value of their collection by all means.
I am collecting many stuffs, books, coins, cassettes.For some I know that they have small or non values but I am sentimentally connected with them. I can't sell them, only if life of me or my siblings in dangerous, then. But also, I have some stuffs, with value, which made to me personal pleasure for short time, but I will sell them or sold them yet to buy another "investment stuffs" which are surely profitable.
