Royal Thanks for your kind comment, GroundSweeper, and your question! Rough estimate is about 65 percent of the Silver Halves KT has accumulated in the past two years. However in the 7 years of CRHing, starting in 2012, about 35%, most CRH recoveries were Kens, predominantly the 40% years of 65 through 70 as most people did not realize and still do not, that they are 40% Ag. 64 Kens make up the next most plentiful silvers in circulation, then Bens, and then Walkers, with very few Barbers. KT finally decided since all the rolls he was getting were rolled by a couple of companies picking up bulk coinage from the various bank coin machines, that as older folks died off, the family was just taking their accumulated coinage and dumping it in the bank machine, because the tellers refuse to take bulk change, not having the time to fool with it! So even though many 1000s were turned in, perhaps millions, when the Hunt Brothers ran up the price of silver, these older people just kept their coins in a container at home, never worrying about whether there were silver coins or not in their jar. And the younger generation knows little about silver coinage, being born after most of it was removed from circulation. The only reason KT knew enough to get started in collecting, now hoarding, was because his first love was coin collecting. But as a beginning collector, KT only collected pennies and nickels. If KT had started off hoarding dimes, He would be a very rich King now! HA HA
GroundSweeper, you are most welcome! Glad to pass on a little of what I have learned down through the years!Thanks for entertaining my questions KT! I get curious and envision your house walls are insulated via silver halves.
That’s a really cool idea regarding the non-taxable statement, I don’t know how that works - just will it to son, or is it in a trust? No need to answer those too personal a questions. My dad just got done putting his house into a trust because it would’ve triggered probate, and he didn’t want that for us.
I don’t have a very large coin collection, but maybe I should teach my kids about it more. I’ve already schooled them on silver coinage dates, and my son has beat me to many a coinstar reject bin too, though lately they’ve been empty, empty, empty!
Happy coin collecting and thanks for sharing!
KT and the Queen are presently undergoing some estate planning. As such we have found out that a trust is not the only way to pass wealth in the family, by putting a beneficiary on your title, you can gift your car to whoever you want without it being tied up. For collections, say postcards, coins, Bowie knives, fluorescent rocks, et cetera, you can write a wish list to be given to your spouse, or your nearest kin, so that upon your passing, they will understand what you want them and everyone else to have. Consider KT’s arsenal, certain items to go to certain people, and the rest to Prince John. And so forth. No will necessary if you put every title for property, autos, trailers, boats, and so forth with a beneficiary upon your death. Keeping it in the family or giving it away to friends, charitable organizations, clubs, your church. Nothing has to go through probate court even if no Will exists. You must set a durable power of attorney to do this, just in case you become either incapacitated or incompetent to manage your own affairs…example: You must have an emergency operation that will result in you being unconscious or perhaps permanently mentally incapacitated….heaven forbid. Such situations often arise.Thanks for entertaining my questions KT! I get curious and envision your house walls are insulated via silver halves.
That’s a really cool idea regarding the non-taxable statement, I don’t know how that works - just will it to son, or is it in a trust?
Ha ha, shows even an olde king can learn sumpin from an estate lawyer! Glad you asked, GroundSweeper!
KT,
Thanks for those thoughts Rudy, and yes, depending on where you live and your state laws, things may be different. We are going by what our lawyer recommends we do. She laid out several different scenarios and we chose the one we wanted to deal with.
