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Does Your "Significant Other" Know About Your Banjo STUFF??

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Mar 19, 2020 - 7:13:43 AM
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2347 posts since 1/16/2013

In light of some recent events and heavy conversations I HIGHLY recommend you at least in some way label, or document you banjos, parts, etc. It's not always easy to talk about but we all have an appointment with death. As we pass on, someone will have the task of dealing with your personal belongings and in specific the banjo stuff. We all seem to have it. Some more than others but we have it. It can be a daunting task that we all dread "getting around to" but it could really help those when we're gone.
With COVID-19 now on the "front burner" leaving a lot of folks at the house, Why not take advantage of this time to go through, organize, document, and even label the banjo stuff.
-Jim

Mar 19, 2020 - 10:35:14 AM
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heavy5

USA

1123 posts since 11/3/2016

This has been a domestic demand from my better half for quite awhile :-)

Mar 19, 2020 - 10:48:18 AM

289 posts since 2/26/2012
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I collect many things, years ago I wrote down everything important and value of the list of my stuff.

It is a good thing to do with banjos!

Mar 19, 2020 - 10:48:26 AM

290 posts since 2/27/2004

A few years ago I cataloged all of my instruments(guitars, banjos, and mandolin) for the sole purpose of letting my wife and children know what I paid for each piece as well as serial numbers, where they were purchased, color pictures of each instrument, complete discription, any special features,and some idea as to what they might realistically get for each instrument. I also listed dealers who would take them on consignment(Gruhn, Elderly), as well as the Banjo Hangout and Mandolin Hangout.

I'm of the age where I need to begin parting with duplicate instruments, keeping only one of each and playing the hell out of them till I die.

Mar 19, 2020 - 10:58:54 AM
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chuckv97

Canada

47595 posts since 10/5/2013
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Playing the hell out of them gets you to heaven ....? ;-)

Mar 19, 2020 - 11:08:10 AM

Mooooo

USA

7587 posts since 8/20/2016

I figured out a way to "take it with me"

Mar 19, 2020 - 11:14:06 AM

1521 posts since 10/12/2011

Been wanting to do this for a while.

Mar 19, 2020 - 11:24:20 AM
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2089 posts since 12/31/2005

But then she'll know that banjos don't cost $200 each. I might as well be dead.

Mar 19, 2020 - 11:38:15 AM

852 posts since 10/31/2007

It is better that she does not know. I have alerted some of my kids, so they will not be given away.
However, what better keepsake of dear old dad than a half dozen or so banjos and spare parts.

Tom in Maine

Mar 19, 2020 - 12:10:56 PM

5051 posts since 9/21/2007
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The discussion is important. I am honest about the price of everything I buy-- there is no reason not to be. We both work hard and live extremely conservatively.

I am lucky in that my bride is also "into" banjos and she knows stuff about them. The bits and pieces is where I need to take care to list and label. I would hate for stuff to get tossed because it was not known what it was. I am a fan of historical (and useless) banjo accessories and many of those don't look like much.

While there is no value in those bits and pieces to speak of, they should not be sent to the scrap yard and destroyed.

This topic includes another discussion. As boomers continue to pass with greater velocity there will be a very large inventory of historic banjos flooding the market with a very small market to sell to.

People my find that the default "call Gruhn, Bernunzio, Elderly" will be met with a "we have too much inventory and can't move them". What then?

Collecting is becoming a thing of the past.

How much time does a widow (or middle-aged children) want to spend listing, selling, and packing single instruments? Selling and shipping one banjo is not the easiest. Now think of how many each of us have.

I think we will see classic-era-5-string, tenor, and plectrum banjo prices sink to near worthless levels in the next decade.

Mar 19, 2020 - 12:11:51 PM
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GStump

USA

345 posts since 9/12/2006

I know most of you have probably heard this before, but a LOT of truth in this little gem. What is the fear of most banjo players/collectors? "That after i pass, the widow/wife, in ignorance, will sell them for what I told her I paid for them."

Mar 19, 2020 - 1:38:16 PM

762 posts since 5/19/2018

I’ve already made my peace months ago that with a changing demographic, most of my instruments will be near worthless in 10-15 years. This situation now is only accelerating the situation in the world today and will undoubtably affect the value of instruments and many other once valuable objects.

If a original pre-WWII Gibson five string was to become available to me At below firesale prices, I at this point considering the world situation would pass on it. Others may do different, but I can only speak for myself.

What instruments I have will hopefully pass into another players hands, and their good deal would probaly be akin to those good deals I got so many years and decades ago.

It’s all a cycle. The wheel turns.

Mar 19, 2020 - 1:52:02 PM

RB-1

Netherlands

3698 posts since 6/17/2003

She DOES know...

She has two banjos herself....laugh

Mar 19, 2020 - 2:26:18 PM

762 posts since 5/19/2018

quote:
Originally posted by Alvin Conder

I’ve already made my peace months ago that with a changing demographic, most of my instruments will be near worthless in 10-15 years. This situation now is only accelerating the situation in the world today and will undoubtably affect the value of instruments and many other once valuable objects.

If a original pre-WWII Gibson five string was to become available to me At below firesale prices, I at this point considering the world situation would pass on it. Others may do different, but I can only speak for myself.

What instruments I have will hopefully pass into another players hands, and their good deal would probaly be akin to those good deals I got so many years and decades ago.

It’s all a cycle. The wheel turns.

Oh and to add and edit...My Wife is quite a talented musician and has always supported me and shared in my acquisitions. She knows the values. Doubtful anyone else in our family knows or cares. 
Mar 19, 2020 - 3:14:17 PM
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Texasbanjo (Moderator)

USA

23925 posts since 8/3/2003

I was very lucky, Dave always wanted me to have the best we could afford. In fact, he encouraged me to purchase my Stelling, which was way above our budget at the time. Of course, he was one of a kind. He went to jams with me for years and listened and didn't play anything. When I finally got him playing bass for our group, then he realized what he'd been missing all those years.

Mar 20, 2020 - 7:11:36 AM

4657 posts since 9/5/2006

she knows everything..... well almost

Mar 20, 2020 - 7:31:19 AM

53874 posts since 12/14/2005
Online Now

The Stelling is in the Last Will and Testament.
Nothing else in the herd is as significant and valuable.

***************************************

My sister was GIVEN a banjo by HER boss, when she was working off the coast of VietNam, on the hospital ship HOPE, as a Red Cross employee.

Boss HATED hearing it, said "Take this with you, or I'm tossing it overboard!"
My GUESS (only a guess) is that some old guy had died, and none of his grqandkids wanted the durn thing, because it wasn't an electric guitar.

So they donated it to the Red Cross, for the wounded soldiers on the ship to pick at while healing up some.
Hand carved, gold plated, concert quality VEGA Artist.
She has since sold it.


Mar 22, 2020 - 4:05:06 AM

185 posts since 2/15/2015

Does my wife know? Well.... yes.

But I once hid a Gibson ES-175 in the hall closet behind my wool overcoat for over a year (and played it when she was out) before it suddenly "appeared"...

Mar 22, 2020 - 10:51:18 AM

79 posts since 10/4/2018

She knows enough not to sell any of it and to give it away to serious inquirers in need.

Mar 22, 2020 - 1:28:47 PM
Players Union Member

Lew H

USA

2412 posts since 3/10/2008

MY wife and I have a rider on our home insurance for banjos, and other instrument. Our insurance has some coverage for personal possessions (instruments, art, furniture, clothing, electronics, appliances, etc). This covers loss from storms, theft, etc, but we deemed it inadequate. I have a list with each instrument's brand name, model, serial number, condition, and assessed value. This, along with pictures of our instruments, stays in a safe deposit box at our bank. I update the list every couple of years using online prices for similar instruments. So, yep, my spouse is much aware of all this.

FYI: Insurance rates are different for amateur and professional musicians.

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