Estate Planning - Sell or Donate?

[hawaiian bam bam]

ive also thought alot lately, that what if i could have back every single penny i spent on my hobby the past 40+ years! its mind blowing if you think about how much we spend on this hobby over the years.

[Frank A]

I'm in that situation now. At 70 years old, I feel its time to start letting it go. I have already put some at auction and plan to get rid of a lot of it in the Spring auctions. I plan to keep about 30 items and sell the rest. All kinds of stuff, not just cards. Have been collecting for about 35 years and enjoyed it very much. Nobody in my family has any interest in it, so I figure since I know a little about this stuff its better that I sell it. Frank

[hawaiian bam bam]

This thread has seriously opened my eyes for the better! My fear has always been that I'll be too old to enjoy my collection one day. I mean what am I going to do one day when I am in a nursing home, sit in my room and stare at a box of my autographs? I enjoy them now off course but I always think how will I enjoy then in keys say 30 years from now ? Maybe it's better to sell it all now and use that money to enjoy life now! Thank you for this thread as I thought I was the only one with this dilemma. They always say life is short and enjoy life today and live in the now! An example is, awhile back I sold a Roy Campanella autograph for $500. I paid $500 for it so I broke even on it. I didn't make a profit , just got back what I paid for it . I did miss the signed card a lot but to be honest it sure was nice to have five Benjamin's in my pocket instead!

[esd10]

my collection will go with me inside my coffin lol. seriously though I have told my wife to sell everything she doesn't want to keep to make her and my daughters life easier when I am gone.

[bbcard1]

I disposed of a collection for a friend. It was hard and it took a long time. Ended up with about $50K for his family piecing it out which I thought was pretty good. Learned a lot. Would be able to scratch out a little more if I had a do-over, but I would not want to do it again.

It got me thinking about thinning the herd, but the herd keeps growing.

I will probably sell some in the coming years.

My son is interested in it and I will probably leave him one key item, however I love him too much to leave my collection to him. The best thing about collecting is the process and satisfaction of completing a set or run of cards and the friends you make along the way. If he decides to continue to collect, it would be cruel for me to rob him of that.