At our last coin club meeting, the topic of value came up. To the old timers, cash in value was in their interest whereas to the younger set insurance value costs in the long run was theirs. To make it the simplest math wise, we took a collection in a 3rd party registry with a price put on it at $100,000. We figured that Greysheet was approximately 70% of that price or $70,000. If the old timers sold to a dealer they would get approximately 70% of that figure or $49,000. On the other hand the young collector was worried that the insurance on the $100,000 would be approximately $750 -1000 per year and growing. If they kept their sets going for the next 20 years, costs would $17,500-20,000 plus. Both young and older were die hard collectors and loved their collection no matter what, but to say they weren't concerned about money wise amounts would make them either multi-millionaires or liars.
Are we wrong about the our calculations or were we pretty much on track. Thanks for your opinions.
Dave