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Helping heirs like pulling teeth?

It was another early morning for me at the dentist. While I am not fond of going, I would rather get to a 7 a.m. appointment and get it over with rather than having it chop my day in half.

Regular readers of my blog know that I keep a fairly regular dental schedule. I have mentioned visits from time to time. Such a schedule helps me do something I otherwise wouldn’t be particularly inclined to do.

Collectors are like that, too. There are things that many of them don’t want to face and there is no schedule I know of that will force them.

Some won’t tell their wife or other heirs what it is they have been doing all these years.

Some won’t keep records of what they bought, what the price was and who they bought it from.

What’s up with that?

Make an appointment with your wife (or other heir) and tell her you will leave her well provided for if she will simply follow your instructions on how to sell the collection.

Get your records in order to help her out. Settling an estate is not a walk in the park under the best of circumstances.

Sure both of these things are like going to the dentist, but at root you know these things need to be done.

You don’t want her writing me a letter like one I got this week that reads, “I  have recently inherited a collection of rare coins and it would be deeply appreciated if you could send me any information regarding this field.”

What will I do?

I will send the writer a copy of Numismatic News.

Would that be enough guidance for your wife?

Now you know why I am writing this.

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One Response to Helping heirs like pulling teeth?

  1. hrlaser says:

    Years ago, on Usenet, in Rec.collecting.coins, a regular participant there was buying rolls of halves at banks, to search for Silver or 40% Kennedys, Franklins, and so on.. at one bank, the teller had to go into the vault, because they didn’t keep any rolls of halves in their drawers.. he bought the roll for ten bucks, took it home, cracked it open, and what should fall out but an MS63 Saint!.. I swear I am not making this up, and if forced to, I could probably search Google groups (which used to be DejaNews), and find that old thread.. what probably happened was that someone’s Grandfather had squirreled away the Saint in a roll of Halves many decades earlier, (why? no idea.. maybe he didn’t want his friends or a robber to steal it).. didn’t tell anyone, later passed away, and his heirs, knowing absolutely NOTHING about coins, turned his hand-wrapped roll(s) in at a bank for face value, and in doing so, got fifty cents for a coin worth about $1500.00 or more (at the time).. as a collector, I can’t even imagine getting an OLD hand-wrapped roll of coins from a bank vault, where it could have been sitting for months, years, or longer, and NOT opening it, to search it for Silver.. but there ya go..

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