Monday, October 30, 2023

Permanent Damage and No Apology


Above you see a bunch of silver coins. One ounce silver eagles from 2012 actually. My mother, against my advice, bought 500 of them for about $35 a coin and entrusted my brother to keep them until she passed away and then 100 coins would go to each of her 5 children. Evidently wherever my brother kept them was not waterproof and the damage is obvious. We know it was water damage because when he dumped 300 of the coins at an attorney's office the water was still in the storage tubes the coins were in. He basically dropped them off and ran keeping back 200 coins for him and my other brother. No apology for the condition of the coins, just an emailed demand for a receipt from the attorney 2 weeks later.

My sister, as executor, took the coins to a shop to get an opinion on the situation. As of right now, the value of damaged coins is in the low $20 range. Using Tarnex to remove some of the damage could increase the value maybe a dollar but no more than that. Jim and I tried that when I got home from my girl's trip to the Grand Canyon and Williams Arizona. You can see the results below. The damage is permanent. The coins will and can never be returned to mint condition. I get that things happen but at the very least my brother should have manned up and explained and apologized. It is what Mom would expect from him.


Back with more again soon. 
Take care and stay cozy! 
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