Answer:
My first part compliments people. My second part makes things known. My third part hurts feelings. My fourth part may hold a precious treasure. My fifth part is used when sharing fancy beverages.
I am a word. I become longer when the third letter is removed.
My first is a heir; My second's a snare; my whole is the offspring of fancy; which I sent out of play upon Valentine's day As a token of love to my Nancy.
I am whole but incomplete. I have no eyes yet I see. You can see and see right through me. My largest part is one fourth of what I once was.
A thousand wheels but move I do not. Call me what I am call me a lot.
How can you tell when a mummy has a cold?