Member
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| This is a tough situation for anyone that leaves a collection behind. Right now, I've focused on keeping an inventory up to date while providing realistic values.
NRA Certified Instructor
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I Deal In Lead
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| quote: Originally posted by MelissaDallas: Thank you everyone. I believe the most important thing I am trying to say is to have some idea of someone or an entity who can come in and buy the collection as a lot The widow who isn’t into guns and is frightened of selling due to legal restrictions or whatever should not be required to go way outside her comfort or safety zone to make a whole lot of individual sales transactions over a long period of time. Make arrangements for someone who can come in and buy a lot of guns.
One of the widows I helped I sold each and every gun individually, but I did it nowhere near her house and when people asked if they were mine, I told them no, but I was selling for a widow and I expected a good price and would settle for nothing less. Took a while but I sold it all. |
| Posts: 10626 | Location: Gilbert Arizona | Registered: March 21, 2013 |  
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Big Stack
| It seems to me there's a business opportunity in here, especially for someone already in the gun business. |
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Experienced Slacker
| A precise will is the best solution to this.
If you know no one wants your stuff but you'd like to leave them something, then you should sell it all yourself and figure out the best way to store the proceeds until your demise.
I would have loved to find one ounce of gold sitting in an empty house with a note on it instead of what I had to deal with after my parents passed.
Having kept records as I went, out of curiosity, I can tell you that the value after all the hassle would have been nearly the same. |
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Little ray of sunshine
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| My wife is downsizing her mother right now, if not against her mother's will, at least not with her enthusiastic cooperation. She can't stay in the house any more. She shouldn't have been there for the last year or better, but that is another battle. My mother-in-law has been upsizing since 1930. Meaning that her house has so many possessions in it that it rivals the British Museum. They will have to be sold in bulk, because it is just too much to handle any other way. Much of it doesn't have much value now even though it is "nice" stuff and some was even expensive when new. It is just someone else's stuff, and the kind of stuff that people just don't want any more. So yes, do your descendants a favor; don't make this harder than it has to be. I am sorry you lost your dad, Melissa Dallas.
The fish is mute, expressionless. The fish doesn't think because the fish knows everything. |
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Member
| quote: Originally posted by apprentice: A precise will is the best solution to this.
If you know no one wants your stuff but you'd like to leave them something, then you should sell it all yourself and figure out the best way to store the proceeds until your demise.
I would have loved to find one ounce of gold sitting in an empty house with a note on it instead of what I had to deal with after my parents passed.
Having kept records as I went, out of curiosity, I can tell you that the value after all the hassle would have been nearly the same.
There was some gold, but there was so much silver the dealer had to bring someone to help move it. My dad already had a significant coin collection when I was little and I’m almost sixty. He really liked pretty proof sets too. The dealer commented that it was a shame he hadn’t put all that money into gold instead over the years. His friend he inherited from who also collected silver and stored his in a safe in the garage-humidity seriously degraded the value of all the mint/proof stuff that came from his estate. |
| Posts: 489 | Location: Denton, TX | Registered: February 27, 2021 |  
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| quote: Originally posted by goose5: What I collect has personal value. I don't expect that value to translate to others. So what I collect I expect will add up to one big nothing at all to others.
That’s what I realized as well. I had a health scare a while ago that thankfully ended well. It gave me the opportunity to evaluate everything and one of the things that I didn’t want to burden my wife with is my gun collection. Over the last year or so I have sold all but 7 guns and to be honest I don’t miss any of the other ones too bad. It was more of a mental thing since I had so many that were pristine so therefore just sitting in the safe collecting dust. My gun collection was really the only thing I collect that had a lot of value that my wife would have been taken to the cleaners for so I’m glad I did it. She used to give me trouble when I always used the “great investment” angle and would say yeah but if you never sell anything is it really an investment. She was beyond shocked at the value I had accumulated over the years. It didn’t hurt that my timing to sell all these guns last year was spot on as well. |
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No ethanol!
| Melissa you bring up a good topic, and I am sorry to read the how and why it has come to your attention. My boys live in restrictive states, and have little interest beyond a keepsake. Am now widowed, and understood anything happens to me I have left them a big problem. I have started downsizing, and eased the pain by telling myself to get a nicer car with the proceeds. Kids do have an Excel list, and a local shop where they are to take what's left.
------------------ The plural of anecdote is not data. -Frank Kotsonis
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| Posts: 2142 | Location: Berks Co PA | Registered: December 20, 2006 |  
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