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Good time to sell?
JOsborne
Posts: 115 ✭✭✭
I don't keep up with the coin market on a regular basis. How does the current market compare historically? I'm considering liquidating my collection and wonder if now is a good time.
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There is no answer to this question without context. What coins? When did you buy them? Do you need the money?
Overall, the coin market is soft. Whether it gets softer or firms up requires a crystal ball that I don't have.
This is a good time to sell errors or toners. This is probably not a good time to sell circ Mercs or Morgans, although they could drop further.
If you want to see a general market view over time, go look at the PCGS 3000.
“Good time to sell?”
-When one wants to use the $$ before they pass.
-No worthwhile/worthy heirs.
-A new car (or anything).
-Forgot the spouse’s... (fill it in).
-Starting/adding to the grandchildren’s college savings account.
https://www.pcgs.com/prices/coin-index/pcgs3000
That is a scary chart.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
The spike in 1989 may look somewhat scary, but I recall it was due to people speculating on low pop
high grade slabbed coins, when slabs first started coming on the market.
Plus there were some investment funds based on slabbed coins which brought in more speculators.
After slabbing became more popular, populations increased, and values stablized.
That's true. But if you ignore the spike, prices are still essentially unchanged since 1996 and down since 2010
Liquidation sounds so final. I'd be trading up.
``https://ebay.us/m/KxolR5
I had no idea PCGS has been around since the early 70s. Didn't the plastic tombs start in the 80s? What did PCGS do back then?
I'm guessing they drew data from CDN or some other source....there was no PCGS in the early 70's.
I wouldn't compare the prices or the grading from that long ago, to today.
Since its founding in 1986, Professional Coin Grading Service has authenticated, graded and certified over 29 million coins with a combined value of $29 billion. For additional information, visit www.PCGS.com
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Unless you have coins that appeal to the very highest end of the market this is probably as good a time to sell as any. Don't wait for a recession. The market for less than top end coins has been flat to down for a very long time (see the PCGS charts).
Go through your holdings and pull out the very best items. Put them aside and sell the rest. The future for ordinary "stuff" is dim.
Now unless you think bullion going higher. Bids on Numismatic coins - when last time upward movement lol? Look how cheap Walkers have become. An opportunity? A wholesaler set up next to me at the recent Houston show said many WLH dates in 1930’s cheap now. Might be worth checking out.
But giving my stuff away at these prices drives me to drink. Just going with buy low / sell high smash mouth ball. Build a nice compact easily manageable Numismatic portfolio which fits your interest and investment resources / strategy.
Good advice for the OP.
Most, including me, ask, what kinds of coins did you collect?
Not much more to say until you tell us.
Liberty: Parent of Science & Industry
Disagree as I am buying, buying, and buying right now waiting for the next move.
Unique is unique and always in demand.
All higher end stuff. Great eye appeal. Collected carefully over a 20 year time period. Mostly early MS type set material. Some with fantastic toning which always interested me. Cherry picked from some noteworthy sales i.e. Pogue, EHR Green, etc. Just sitting in a bank deposit box going unappreciated. No longer collecting - moved onto other things.
This might be your silliest post ever. If you are "buying, buying, buying" , it is exactly why it is a good time to sell. If he waits until the "buying, buying, buying" is done, to whom will he sell?
Really?
Supply and demand require that I buy hard now.
Huge demand with a very limited supply.
My coins sell themselves so I never think about selling them.
All I think about is buying new inventory.
The OP is not trying to build inventory, he is trying to SELL HIS COLLECTION.
I responded to your post and not the OP's, Duh?
This must be the first thread that has ever gone off track that you are aware of?
Yes, but my response was to the OP. You can't really comment on my post without that context.
Sounds like you need to be contacting Legend or Heritage, and ignoring most of us 'chat room weenies'....
If you have quality coins (i.e. grade, slab, sticker) then you will probably do well, even in today's market. Good luck, Cheers, RickO
By your description, the market for that stuff is still strong and I'd follow Ricko's advice.
Quality items always seem to do well, regardless of the market. If such coins are a part of your holdings and you need to liquidate, then I would do it.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Strong demand currently, but prices are soft. As always, ya gotta buy it right.
Anything priced right sells itself.
First of all, Pogue wasn't that long ago.
Second, Heritage and Legend would of course, love to get your business. Great Collections does have a lower commission schedule and they surprisingly get good prices in spite of their bare bones descriptions. However, you need to make the call as to whether now is a good time to sell. Check out the PCGS auction prices for your material. My recent experience in selling CAC material at auction was disappointing as recent prices seem to be declining even more so. Yet, I'm an extremely value orientated CAC buyer these days.
The ebbs and flows of the market come and go in terms of years. Sell when it's right for you personally. We have no good reason to believe a year or two from now will be a better time to sell.
IG: DeCourcyCoinsEbay: neilrobertson
"Numismatic categorizations, if left unconstrained, will increase spontaneously over time." -me
The old sawhorse is "The best time to sell is when you have a willing buyer".
If the right buyer comes along, don't shoo away that person away over a bunch of your own internal hees and haws.
Buyers are anticipating a recession and bidding accordingly imho.
Save for the high-dollar rarities, I don't see any financial merit to a long-term hold.
Here's a warning parable for coin collectors...
I know this thread is about Finding the perfect time to sell.
But Recently I have made some very good deals trading coins for either Goods or Services.
Might be worth a shot, plus no fees or tax
When is a better time to sell, buy, or trade than when in an open market ? And it's wide open.
``https://ebay.us/m/KxolR5
If I were inclined to liquidate my collection, I wouldn't wait too long. I have no plans to stop collecting, I am not in it for the money and the likelihood is that I would never be able to rebuild my collection again, even if prices of my coins fall as I expect.
The posts here describe the "weak market" and this has occurred during the third incarnation of the greatest asset, credit and debt mania in the history of civilization which has no close predecessor. If so many think the market is (very) weak now, what's going to happen when the financial bust and economic contraction happen?
I have always believed the best time to buy assets is when no one else wants to own them. As far as predicting the market its impossible. he assets I am referring to are the key date coins in AU. Time and quality seem to win over the long haul. Just don't buy an asset that has just run up fast thinking it will keep going up. This is where the profit takes effect and the coin comes back in line with the market.
Common, generic coins are dead and will never keep up with quality common stocks, never have and never will.