This isn't Photoshop, this is insanity 😃

[Ysr_racer]

Howdy boys, my grandkids inherited these from their other grandpa. It's overwhelming.

 

M2, 3, 4, 5, 6, 7.

 

My wife and I are trying to help them with the FOUR STORAGE UNITS of crap he left behind.

 

Any ideas what to do here?

 

(On a side note, if you're an old guy, CLEAN UP YOUR CRAP BEFORE YOU CROAK)

.

[atb]

That side note is great advice. I've been downsizing my "stuff" for a few years now, and, boy, it's harder to part with things than to obtain them.

[themick]

 

(On a side note, if you're an old guy, CLEAN UP YOUR CRAP BEFORE YOU CROAK)

who the hell are you??  You have one post.  

 

Steve Sherlock 

 

[JohnK83882]

So hard to disturb the original cosmoline.

[JohnK83882]

Just now, themick said:

 

(On a side note, if you're an old guy, CLEAN UP YOUR CRAP BEFORE YOU CROAK0

who the hell are you??  You have one post.  

 

Steve Sherlock 

 

If I cleaned it up, it wouldn't be crap.

[Slufstuff]

No helpful advice, but make sure they understand the value of what they have. Just in those pictures are thousands of dollars in knives if sold in the proper venue.  

[manayunkman]

A great collection, not crap.
 

They look to be in nice condition and that’s important especially the blades.

 

Are they rated, I see pink labels, what kind of information is on them?

 

Was there any information left ?

 

Is their anyone in the family who was interested?

[Mr.Jerry]

Selling collections can be difficult-  There are several ways to go about it, none are always right and none are always wrong.

 

First off, since you found this forum, there are a whole host of Military Dealers who advertise here who buy & sell military goods,  you will see their ads posted on the site (ours included!).  Some specialize and some are more general in what they buy. When selling to a dealer, you can generally can expect to get around 40-60% of retail value. But you get a lump sum payment and they are gone. Best to get several quotes.

 

Some dealers will sell on "consignment", meaning they have no cash outlay until they sell it for you. Some charge 50% for this as well. But fees can vary. Again, no risk on their part, so not always a lot of effort either. (I never liked consignment deals, as for us buying outright is "cleaner" - and our insurance doesn't generally cover other peoples property if something would happen.)

 

Secondly, you can go to shows, rent tables and sell directly to collectors, this is the way to maximize value, but it takes much more time and effort. the top 20% will be cherry picked right away. But then the remaining 40-80% will take years to sell and the last bit you will almost need to give away.

 

Auctioneers will tell you they can get you the sun moon and stars, and they always advertise their "stellar" sales prices,  but the bottom line is at auction most things sell around what what they retail at or less (as many dealers go to buy from auctions to get deals to resell) and no matter what it actually sells for you still have to pay the auctioneer his commission- usually around 28-33% but everything is gone and you get a check (and usually a 1099 tax form).

 

Hope this helps- looks like a great collection!

Jerry

 

 

[Ysr_racer]

31 minutes ago, themick said:

 

(On a side note, if you're an old guy, CLEAN UP YOUR CRAP BEFORE YOU CROAK)

who the hell are you??  You have one post.  

 

Steve Sherlock 

 

 

Brad Glustoff, Orange County CA, revolver competitor.

[Ysr_racer]

31 minutes ago, Slufstuff said:

No helpful advice, but make sure they understand the value of what they have. Just in those pictures are thousands of dollars in knives if sold in the proper venue.  

 

What is the proper venue?

 

Thanks

[Ysr_racer]

33 minutes ago, manayunkman said:

 

 

33 minutes ago, manayunkman said:

 

Are they rated, I see pink labels, what kind of information is on them?

 

Was there any information left ?

 

Is their anyone in the family who was interested?

 

1. Info my wife wrote

 

2. No, just four storage units of crap

 

3. No, thankfully

[Ysr_racer]

27 minutes ago, Ysr_racer said:

 

Brad Glustoff, Orange County CA, revolver competitor.

 

 

I like long walks on the beach, puppies, and cheap cigars :)

 

[j. t. thompson]

Hello Brad,

 

Hmmmm. Four storage units. Did he collect other military items?

[Slufstuff]

41 minutes ago, Ysr_racer said:

 

What is the proper venue?

 

Thanks

If I were dealing with this type of situation, I would sell them through a reputable auction house, maybe somebody like Rock Island Auction, Lock, Stock & Barrel, etc. While primarily firearm auctions, they sell a lot of US edged weapons as well. Some of them will even come pick up your items. They do charge a significant commission, usually 20-30% but that is negotiable to an extent. One thing to keep in mind, you will receive a 1099 for the sales proceeds, HOWEVER since the items are inherited, the tax basis steps up to the fair market value on the date of death. So, if the collection is sold within a reasonable time of being inherited, there would be no capital gain tax. A very big consideration IMO.

[Gear Fanatic]

There are some smaller collectors to that might buy and resell, I’m down towards San Diego area so I know some people up there who would be happy to take some good chunks off your hands. But with that you would need to know what there worth so they don’t try to swindle you, you’d need to be right in the Goldilocks zone price wise.

[Ysr_racer]

23 minutes ago, j. t. thompson said:

Hello Brad,

 

Hmmmm. Four storage units. Did he collect other military items?

 

He was a hoarder. Randall knives, Ek knives, Buck hatchets, Nazi knives, daggers and bayonets, books and books and books, lots of guns (the grandkids want those, the guns not the books).

 

He hoarded everything except, IRAs, real estate, Krugerrands and silver Eagles.

 

You know, the stuff that has actual value 😃

[Ysr_racer]

Just now, Gear Fanatic said:

There are some smaller collectors to that might buy and resell, I’m down towards San Diego area so I know some people up Yeager who would be happy to take some good chunks off your hands.

 

Unfortunately, everybody wants to cherry pick.

[Gear Fanatic]

Yah, if you really want it out of your hands for the least amount of work and best reward I think some kind of auction house or militaria dealer would be the best bet

[Gear Fanatic]

2 minutes ago, Ysr_racer said:

 

He was a hoarder. Randall knives, Ek knives, Nazi knives, daggers and bayonets, books and books and books, lots of guns (the grandkids want those, the guns not the books).

 

He hoarded everything except, IRAs, real estate, Krugerrands and silver Eagles.

 

You know, the stuff that had actual value 😃

This stuff does have LOTS of actual value, you could be looking at tens of thousands of dollars if there are antique firearms and more edged weapons 

[CinamonToastCrunch]

If you did more than two seconds worth of research you find out quickly that those edged weapons are worth more than Krugerrands and silver Eagles. But why would you ever do any research if you can just complain about inheriting free money on some random forum? 

 

 

[Ysr_racer]

8 minutes ago, CinamonToastCrunch said:

If you did more than two seconds worth of research you find out quickly that those edged weapons are worth more than Krugerrands and silver Eagles. But why would you ever do any research if you can just complain about inheriting free money on some random forum? 

 

 

 

Not one penny is mine, it's all my grandkids. You can take a Krugerrand into any coin shop in America, and walk out with cash.

 

No research needed.

[Gear Fanatic]

17 minutes ago, CinamonToastCrunch said:

If you did more than two seconds worth of research you find out quickly that those edged weapons are worth more than Krugerrands and silver Eagles. But why would you ever do any research if you can just complain about inheriting free money on some random forum? 

 

 

Agreed, just do 10-20 min of google searching and you’ll find enough information to tell you otherwise, all his stuff is worth a LOT if money to the right people, and many people here have already given you the proper resources. If those firearms are like the edged weapons most if them will be worth a Krugerrand because that’s what you seem to be concerned about.

[Rhscott]

9 minutes ago, Gear Fanatic said:

Agreed, just do 10-20 min of google searching and you’ll find enough information to tell you otherwise, all his stuff is worth a LOT if money to the right people, and many people here have already given you the proper resources. If those firearms are like the edged weapons most if them will be worth a Krugerrand because that’s what you seem to be concerned about.

 

One mans crap is another’s treasure.  Guy clearly does not want to mess with the items and thinks that they are just an old mans junk.  You can’t fix this.

[Gear Fanatic]

Just now, Rhscott said:

 

One mans crap is another’s treasure.  Guy clearly does not want to mess with the items and thinks that they are just an old mans junk.  You can’t fix this.

Well I tried, in the end it’s his loss, I would gladly drive up there and pick some stuff up lol

[CinamonToastCrunch]

Exactly immediate gratification its the reason we get so many interesting historic items. Why would you ever work to spend the time to get the extra money if you can just sell it all at once and go watch Netflix?