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If the market for all of your coins doubles...

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  • BAJJERFANBAJJERFAN Posts: 31,225 ✭✭✭✭✭

    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.

    theknowitalltroll;
  • thisistheshowthisistheshow Posts: 9,386 ✭✭✭✭✭

    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)

  • jkrkjkrk Posts: 992 ✭✭✭✭✭

    @ErrorsOnCoins said:
    How do you short a coin?

    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.

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    edited May 5, 2019 1:00AM

    If our coins double in value?

    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......
  • OldIndianNutKaseOldIndianNutKase Posts: 2,715 ✭✭✭✭✭

    Soooo, if the market doubled..........I would sell all of my duplicates. I would be very reluctant to break up a great set.

    OINK

  • ms70ms70 Posts: 13,956 ✭✭✭✭✭

    I'd hold for now.

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,507 ✭✭✭✭✭

    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.

  • StoneyPointStoneyPoint Posts: 48 ✭✭

    At my age I would sell 95%.

    ANA 1106971 MSNS NBS
  • Cougar1978Cougar1978 Posts: 8,718 ✭✭✭✭✭
    edited May 5, 2019 9:15AM

    All of it.

    Coins & Currency
  • pcgs69pcgs69 Posts: 4,346 ✭✭✭✭

    I'd be happy to break even

  • batumibatumi Posts: 838 ✭✭✭✭

    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.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    I'd sell everything and walk away for good.

  • shorecollshorecoll Posts: 5,447 ✭✭✭✭✭
    edited May 5, 2019 2:15PM

    One-third by value, 15-20% by number.

    ANA-LM, NBS, EAC
  • ms70ms70 Posts: 13,956 ✭✭✭✭✭

    @cameonut2011 said:
    I'd sell everything and walk away for good.

    Then what would you do for a hobby?

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @ms70 said:

    @cameonut2011 said:
    I'd sell everything and walk away for good.

    Then what would you do for a hobby?

    STAMPS !! :D

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @ms70 said:

    @cameonut2011 said:
    I'd sell everything and walk away for good.

    Then what would you do for a hobby?

    I think I would take up photography or traveling.

  • jt88jt88 Posts: 3,144 ✭✭✭✭✭

    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.

  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭

    SELL IT ALL! With a big increase there is always a sizeable decrease.

  • WildIdeaWildIdea Posts: 1,877 ✭✭✭✭✭

    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.

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