Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
So all that being said, what are your plans especially if there is no one in your family that collects
Greg
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11:10:41am
If you have a room-full of stuff, no single dealer will ever be in a position to pay top price for everything. (Three or four Rubbermaid totes is a different matter).
Pick your favorite auctioneer, preferably one whom you have gotten to know personally. Let him know that your family has a letter directing them to call him when the inevitable happens. He should be willing to send people to box it, pick it up and lot it appropriately over however many auctions it takes.
This way, you are not turning an asset into a liability to your family. I buy many estates, and the uncertainty involved in dealing with this is the greatest stress for a family.
Roy
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If nothing else, place an Album Disposition Form inside the front cover of every album.
http://stampsmarter.com/learning/FormAlbumDisposition.html
They are free, only takes a few minutes to fill out, and will be greatly appreciated by those who may have to disposition your albums.
Don
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Don, thats kind of the way I am leaning. To sell everything off ahead of time results in taxes. As part of an estate, if my heirs know what to do, and who to contact (as I will probably contact them myself first) then life will be much easier.
Greg
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You can donate some or all to the APS. It is a tax deductible gift.
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That is an issue I've been giving some thought to. I had a good relationship with a local dealer and belonged to a local club so assumed my spouse could get help via that route if and when..
I no longer have those relationships. I had a serious falling out with the dealer and no longer patronize him. He's also the president of the club and I no longer feel welcome there. My main point of philatelic socialization the past year has been this and other such forums.
I've told her to contact the APS for help if needed. I am not exactly happy about that either, I know who the dealer is they will refer her to and he doesn't have the best reputation. He will low ball the whole thing.
I don't pretend to have any answers. I guess the best is to simply realize people in this situation seldom get much back and enjoy the journey.
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This is actually why I started to sell off my father's huge collection a few years ago and have started to sell off portions of my own collection. I was afraid what would happen to it when I am gone. I have no children and I have tried to get my nephews interested in the stamps with no luck at all. All my oldest 17 year old nephew wants to know how much can he pawn it for !! Over the past couple of years - I have started to cut down on my own collecting except I keep up my US collection. However, now I wonder what to do with that too. I still collect a few other countries but I am cutting down because I worry what will happen with it all at the end.. Steve
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02:31:26pm
" ... down because I worry what will happen
with it all
at the end.. Steve ..."
I have the distinct feeling that at the end the
stamps will be the least important thing to worry
about, and with a quick end, after that who cares?
i do have six children and have spoken to them about
these things, splitting the different albums among
them all as evenly as possible, and now include the
older grandchildren, by a note in the will and a
taped name within just about every album.
Maybe this year I'll tag each plastic shoebox as well.
But once I am planted somewhere, it will no longer be
my concern.
I'v also explained that dealers are in business to
make a profit and feed their children so any offer
will have to allow for expenses that are incurred.
I also included a reference to the many notes,
threads and comments that I and others have posted
over the last twenty years, many of which I copied
and pasted in a set of computer wordpad files.
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Something that I have only recently learned… do not fear death but rather fear dying.
Don
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Not to be morbid but, my stamps and covers are very important to me,i enjoy them every day.I have been in a stamp club 40 years...i have seen collections donated to museums with a tax writeoff, i have seen people sell out while living and the vast majority of them i have no idea what happened to their collections..no heirs came to our club and asked if we were interested.One lady in her 90s gave her collection to our club...we told her we could not accept the gift but would auction her collection off and take a 10 percent commission. So far we have given her close to 4 thousand dollars...i doubt if a dealer would have come close for a closet full of albums.
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My stamp club, the British Columbia Philatelic Society, has often received donations of collections and accumulations of stamps. One of the best, when I was president, was an accumulation of MNH Canadian and Commonwealth stamps that the donor's father purchased from the 1930s through the 1950s and early 1960s. We sold it in club auctions and commercial auctions. The best item was a block of four "Bluenoses," one with the "Man on the mast" variety. I forget the sale price, but it was near CAN $2,000 of clear profit for the club (the owner didn't want any return, and understood the value of the accumulation).
Bob
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I am slowly turning my collections of covers into exhibits which tell a story.The grandkids are learning a wee bit of history...eg patriotic covers tell the sequence of WWll, and Queen Elizabeth`s bio, , Canada`s role in WWl etc...My stamp collections perhaps will be sold page by page or stamp by stamp on ebay...Who knows ? I`m not really worried about it as the hobby has been one way of meeting folks and sharing in my senior years ....
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Auctions - Approvals
I have seen some beautiful stamp rooms on the DB (no I will not post my office photos) and so I am putting this question out there as I think of it from time to time when it comes to my own collection/inventory. Since we are all human, at some point we will go to the great beyond. That being said, what will happen to your collection? I know for myself, there is no one in the family that is a stamp collector. As a dealer I know pretty much what one can expect dollar wise for a collection. My grandfather was a collector, and sadly he gave his collection away the year before I began collecting (at the age of 6). The person who he gave it to said they were a collector, but he turned around and sold it. I did get a few stamps that he had forgotten to give him which started my first collection.
So all that being said, what are your plans especially if there is no one in your family that collects
Greg
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BuckaCover.com - 80,000 covers priced 60c to $1.50 - Easy browsing 300 categories
17 Nov 2018
11:10:41am
re: Not To Be Morbid But......
If you have a room-full of stuff, no single dealer will ever be in a position to pay top price for everything. (Three or four Rubbermaid totes is a different matter).
Pick your favorite auctioneer, preferably one whom you have gotten to know personally. Let him know that your family has a letter directing them to call him when the inevitable happens. He should be willing to send people to box it, pick it up and lot it appropriately over however many auctions it takes.
This way, you are not turning an asset into a liability to your family. I buy many estates, and the uncertainty involved in dealing with this is the greatest stress for a family.
Roy
Login to Like
this post
re: Not To Be Morbid But......
If nothing else, place an Album Disposition Form inside the front cover of every album.
http://stampsmarter.com/learning/FormAlbumDisposition.html
They are free, only takes a few minutes to fill out, and will be greatly appreciated by those who may have to disposition your albums.
Don
Login to Like
this post
Auctions - Approvals
re: Not To Be Morbid But......
Don, thats kind of the way I am leaning. To sell everything off ahead of time results in taxes. As part of an estate, if my heirs know what to do, and who to contact (as I will probably contact them myself first) then life will be much easier.
Greg
Login to Like
this post
re: Not To Be Morbid But......
You can donate some or all to the APS. It is a tax deductible gift.
Login to Like
this post
re: Not To Be Morbid But......
That is an issue I've been giving some thought to. I had a good relationship with a local dealer and belonged to a local club so assumed my spouse could get help via that route if and when..
I no longer have those relationships. I had a serious falling out with the dealer and no longer patronize him. He's also the president of the club and I no longer feel welcome there. My main point of philatelic socialization the past year has been this and other such forums.
I've told her to contact the APS for help if needed. I am not exactly happy about that either, I know who the dealer is they will refer her to and he doesn't have the best reputation. He will low ball the whole thing.
I don't pretend to have any answers. I guess the best is to simply realize people in this situation seldom get much back and enjoy the journey.
Login to Like
this post
Approvals
re: Not To Be Morbid But......
This is actually why I started to sell off my father's huge collection a few years ago and have started to sell off portions of my own collection. I was afraid what would happen to it when I am gone. I have no children and I have tried to get my nephews interested in the stamps with no luck at all. All my oldest 17 year old nephew wants to know how much can he pawn it for !! Over the past couple of years - I have started to cut down on my own collecting except I keep up my US collection. However, now I wonder what to do with that too. I still collect a few other countries but I am cutting down because I worry what will happen with it all at the end.. Steve
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this post
Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..
21 Nov 2018
02:31:26pm
re: Not To Be Morbid But......
" ... down because I worry what will happen
with it all
at the end.. Steve ..."
I have the distinct feeling that at the end the
stamps will be the least important thing to worry
about, and with a quick end, after that who cares?
i do have six children and have spoken to them about
these things, splitting the different albums among
them all as evenly as possible, and now include the
older grandchildren, by a note in the will and a
taped name within just about every album.
Maybe this year I'll tag each plastic shoebox as well.
But once I am planted somewhere, it will no longer be
my concern.
I'v also explained that dealers are in business to
make a profit and feed their children so any offer
will have to allow for expenses that are incurred.
I also included a reference to the many notes,
threads and comments that I and others have posted
over the last twenty years, many of which I copied
and pasted in a set of computer wordpad files.
Login to Like
this post
re: Not To Be Morbid But......
Something that I have only recently learned… do not fear death but rather fear dying.
Don
Login to Like
this post
Auctions
re: Not To Be Morbid But......
Not to be morbid but, my stamps and covers are very important to me,i enjoy them every day.I have been in a stamp club 40 years...i have seen collections donated to museums with a tax writeoff, i have seen people sell out while living and the vast majority of them i have no idea what happened to their collections..no heirs came to our club and asked if we were interested.One lady in her 90s gave her collection to our club...we told her we could not accept the gift but would auction her collection off and take a 10 percent commission. So far we have given her close to 4 thousand dollars...i doubt if a dealer would have come close for a closet full of albums.
Login to Like
this post
re: Not To Be Morbid But......
My stamp club, the British Columbia Philatelic Society, has often received donations of collections and accumulations of stamps. One of the best, when I was president, was an accumulation of MNH Canadian and Commonwealth stamps that the donor's father purchased from the 1930s through the 1950s and early 1960s. We sold it in club auctions and commercial auctions. The best item was a block of four "Bluenoses," one with the "Man on the mast" variety. I forget the sale price, but it was near CAN $2,000 of clear profit for the club (the owner didn't want any return, and understood the value of the accumulation).
Bob
Login to Like
this post
08:04:37pm
re: Not To Be Morbid But......
I am slowly turning my collections of covers into exhibits which tell a story.The grandkids are learning a wee bit of history...eg patriotic covers tell the sequence of WWll, and Queen Elizabeth`s bio, , Canada`s role in WWl etc...My stamp collections perhaps will be sold page by page or stamp by stamp on ebay...Who knows ? I`m not really worried about it as the hobby has been one way of meeting folks and sharing in my senior years ....
2 Members
like this post.
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