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About Dan Moore
Expertise
My strong familiarity with all U.S. Mint coins, extensive reference library, and close relationships with many other dealers allows me to identify just about any coin made in the USA. I receive regular updates to all the current price guides -- both wholesale & retail -- to provide accurate values. So, with a good description or pictures, I should be able to identify and value any U.S. coin you have.

Experience
I've been a coin dealer since the 1980's and a coin collector since the 1960's. I specialize in U.S. Silver Coins and have an active online website -- The Working Man's Rare Coins -- http://www.workingmancoins.com -- offering information and inventory in U.S. coins.

Organizations I belong to :
American Numismatic Association Member #187770
Michigan State Numismatic Society Member #8255
Florida United Numismatics Member #19710
Monroe Coin Club Treasurer
Lincoln Coin Club Board Member
WINS Member #14
CoinMasters Member #1814

Frequently Asked Questions :
I have created a Frequently Asked Questions page on my website, where you may be able to get an immediate answer to your question. You can find the page here :
http://www.workingmancoins.com/FAQ/index.htm

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Coin Collecting - Inherited coins

Expert: Dan Moore - 10/23/2009

Question
Hello Dan and thank you for your work here on AE.
I recently inherited my Grandfathers coin collection and I need to split 1/4 of it to another family member per his will.
He got me collecting when I was a Wee-Lad, and now I need to split this up properly.
There are Hundreds of Silver Dollars, most of them quite common and fairly easily tagged. However there are a number of gold coins as well, and 13 of them are in solid plastic cases and look to be in fabulous condition. The otherpart of the split says to turn them in for the gold value and end it now.
I offered to give him 10% over precious metal value for his 1/4 and I would take the entire collection. Now he wants to split the coins up. I do not want to, and especially for the gold coins, want to keep them together.
I really do not know about sending the coins away, I really do not trust anyone at this point, and grandpa always told me to never take the gold coins out of the case, ever. Attached pic.
Thanks In Advance
Dean

Answer
Dean,

Since the will stated that the coins had to be sold for the gold value and the proceeds split, that is what you have to do -- splitting the gold coins up between you is not an option.

However, here's a suggestion ....

Find a gold dealer who will agree with you to buy the coins, so you can settle with your family member, then will sell them back to you for a 10% profit. You can write up a contract with the dealer to protect yourself. That way the will is satified, you and your family member are both happy, and the dealer makes a fair profit for his investment.

You should be able to find a reputable dealer in your area listed on the ANA's website here :

http://www.money.org/ana_custom/dealer_search/dealer_search.cfm

Good luck!

Dan

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