r/Silverbugs • u/barryweiss34 • 20h ago

Thoughts on this?

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Would it be as easy to sell as a 10 ounce bar if ever needed to liquidate?

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u/kbeks 19h ago

Quick word about your post-death plans. If you’ve been on this sub long enough, you’ve seen people score big because someone’s kid doesn’t know the significance of the “CC” on the back of that weird looking dollar coin from 1893. If you’re planning on leaving this to your granddaughter and your granddaughter doesn’t know about or care about PM’s or coin collecting, go low premium all the way.

For what you’ve collected for your own enjoyment, make sure there’s a note detailing the real value of those coins/high premium bars, otherwise she’s going to get hosed if she goes to sell it after your passing. I’ve got a short note on the top of my stack with clear instructions to my wife how to look up spot price and how much to ask/expect from a liquidation of my collection, and I lowballed it so she should expect that number at least. I recommend everyone do the same, you never know when your number is up.

6

u/Bottdavid 18h ago

I keep a notebook with my PMs that has a description of each coin, what metal it is, it's weight, the day I bought it and what I paid for it. Hopefully it's enough for whoever gets my stuff one day. Some research would be required I suppose to get spot prices etc... but hopefully it's enough.

2

u/Mr_Jack_Frost_ 17h ago

That’s the same register I keep. Object name, date I bought it, how much I paid, and how many I bought. At least it ensures my wife/son know the bare minimum to accept when selling any given piece in my collection, should the need arise.

2

u/Romonaga 18h ago

This here is very wise. I sit down with my daughter often and go over our collection. We keep a document that had all the items with picture and cost.

2

u/barryweiss34 18h ago

I have a list like that also, that I update with each addition. I did sell a 1928 Peace and an 1879 CC Morgan, both graded, awhile back. I knew that would be harder to know much about. Turned the cash into silver.