Rare Coins as an Informal Way of Estate Planning

At dinner, an old friend – who happens to be in the coin business – explained how customers used rare coins as an informal way of estate planning.

“These old fellows are pretty shrewd. They come in and buy coins. Sometimes millions of dollars’ worth. Then, they put them in storage somewhere and leave a note to their children about where to find them after they die. Often, the kids don’t know anything about coins. So they come into the shop with bags of these coins, asking me what they’re worth. One guy came in the other day. I looked at the coins and told him he had about $350,000 worth of coins in his hand. He practically fell over. Then, he told me he had another 14 bags at home.”

Bill Bonner
for Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.
Bill Bonner

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