If I had a very large collection, I might say all of it.
If I was well-off, I might say none of it.
The truth is, I am a middle-class collector only a few years into collecting. So I don't have enough invested that selling it, even if it doubled, would net me much.
In fact, given that each graded coin has a serial number and each coin has unique markings, you can't short a specific coin. Thus my comment LOL.
To quote Daniel Drew "He who sells what isn't his'n, must buy it back or go to pris'n."
With that said, if I sold every coin I own I would be left in a short position via gold futures. At present I am short gold futures equal to 50% of the oz's of physical I own. I adjust the position from time to time based on the amount of physical gold unhedged that I wish to own. Many have said it's too expensive flipping coins considering the buy / ask spread but selling futures are a relatively cheap way to own the amount of gold you are comfortable with.
In truth if the gold price doubled I would almost assuredly sell some coins but I suspect that the economic backdrop would prevent me from selling very much.
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Would the collector base double ?
I'd keep buying , selling, and trading away. Of course my tax liabilities would increase but .....I'd still be wanting a 1901-S Barber quarter, a '55 DDO Wheat Cent , and a few others , just so that I could say I had one , once. And that would suck.
If the price doubled in a very short time, I likely would sell most. If the price doubling was over a long period I would sell much less and over a period of time. Duplicates, widgets and yes, junk would all go.
for rare and good coin it is better to sit on it. I listed some coins for my friend on ebay. He always asked for big money. He sold for double or triple. I listed one of his coin that he bought from SB for 4K two years ago. Someone offered 9K and he did not want to sell. He wanted 14K.
So if my coins double in value and I sell then what? Wouldn't all the coins in that area also go up in value? Same thing with my house. If it goes up in value, but so does everyone else, so kinda doesn't matter, its not like I'm gaining buying power.
As long as I'm still interested in the coins I'd basically be starting over buying the same things at a new price point. Hey, when this happens, I'm actually glad and feel good that I bought at yesterdays lower level. This doesn't happen enough (to me,lol) really. Frankly, I feel like many of my coins are high end and attractive for the grade and if I were to see something nicer I'd go after it pretty strongly, maybe sell the duplicate, but now always if it offers a variety of looks.
Its nothing for me to sell a coin for a loss and move on. I'll happily take a price raise too but my decisions are basically about interest and if I have doubles or a coin has a problem I just can't get past over time.
One indicator that I'm on track is that if I had the money back I spent on coins, I'd go ahead and buy them again given the chance. If I don't feel like that, down the road they go.
Comments
Would give a whole new dimension to coins "flying out of the cases". I'd sell most so fast that you'd get whiplash from watching me do it.
If I had a very large collection, I might say all of it.
If I was well-off, I might say none of it.
The truth is, I am a middle-class collector only a few years into collecting. So I don't have enough invested that selling it, even if it doubled, would net me much.
Ask me again in ten years (God willing)
In fact, given that each graded coin has a serial number and each coin has unique markings, you can't short a specific coin. Thus my comment LOL.
To quote Daniel Drew "He who sells what isn't his'n, must buy it back or go to pris'n."
With that said, if I sold every coin I own I would be left in a short position via gold futures. At present I am short gold futures equal to 50% of the oz's of physical I own. I adjust the position from time to time based on the amount of physical gold unhedged that I wish to own. Many have said it's too expensive flipping coins considering the buy / ask spread but selling futures are a relatively cheap way to own the amount of gold you are comfortable with.
In truth if the gold price doubled I would almost assuredly sell some coins but I suspect that the economic backdrop would prevent me from selling very much.
If our coins double in value?
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Soooo, if the market doubled..........I would sell all of my duplicates. I would be very reluctant to break up a great set.
OINK
I'd hold for now.
Great transactions with oih82w8, JasonGaming, Moose1913.
Would the collector base double ?
I'd keep buying , selling, and trading away. Of course my tax liabilities would increase but .....I'd still be wanting a 1901-S Barber quarter, a '55 DDO Wheat Cent , and a few others , just so that I could say I had one , once. And that would suck.
``https://ebay.us/m/KxolR5
At my age I would sell 95%.
All of it.
I'd be happy to break even
If the price doubled in a very short time, I likely would sell most. If the price doubling was over a long period I would sell much less and over a period of time. Duplicates, widgets and yes, junk would all go.
I'd sell everything and walk away for good.
One-third by value, 15-20% by number.
Then what would you do for a hobby?
Great transactions with oih82w8, JasonGaming, Moose1913.
STAMPS !!
I think I would take up photography or traveling.
for rare and good coin it is better to sit on it. I listed some coins for my friend on ebay. He always asked for big money. He sold for double or triple. I listed one of his coin that he bought from SB for 4K two years ago. Someone offered 9K and he did not want to sell. He wanted 14K.
SELL IT ALL! With a big increase there is always a sizeable decrease.
So if my coins double in value and I sell then what? Wouldn't all the coins in that area also go up in value? Same thing with my house. If it goes up in value, but so does everyone else, so kinda doesn't matter, its not like I'm gaining buying power.
As long as I'm still interested in the coins I'd basically be starting over buying the same things at a new price point. Hey, when this happens, I'm actually glad and feel good that I bought at yesterdays lower level. This doesn't happen enough (to me,lol) really. Frankly, I feel like many of my coins are high end and attractive for the grade and if I were to see something nicer I'd go after it pretty strongly, maybe sell the duplicate, but now always if it offers a variety of looks.
Its nothing for me to sell a coin for a loss and move on. I'll happily take a price raise too but my decisions are basically about interest and if I have doubles or a coin has a problem I just can't get past over time.
One indicator that I'm on track is that if I had the money back I spent on coins, I'd go ahead and buy them again given the chance. If I don't feel like that, down the road they go.