Home U.S. Coin Forum
Options

Contemplating selling a "forever" coin....

2»

Comments

  • PerryHallPerryHall Posts: 46,799 ✭✭✭✭✭

    If you sell it, was it really a forever coin?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • pointfivezeropointfivezero Posts: 1,874 ✭✭✭✭✭
    edited October 19, 2020 4:42PM

    @Bochiman said:

    Without knowing it, YOU kind of hit on one of the reasons I am actually entertaining the idea now.
    While MY health is fine, my brother recently had an issue where he was feeling sluggish. Went in to the hospital and was MRI'ed/scanned. They kept him and transferred him to so a specialist could operate. Seems he had a brain tumor. They couldn't get it all. They told him he has ~5 months to live.

    >

    Very sorry to hear about your brother. I'm suddenly filled with the urge to contact my two brothers and say all the things my stoicism has prevented me from doing for the past sixty years.

    Tim

  • coinbufcoinbuf Posts: 11,802 ✭✭✭✭✭

    A few years ago I was in a similar position albeit not with a forever coin. I was offered about 5X cost on a coin, now its also not rare but it would be difficult to replace. The offer amount was under 1K so not a lot of money and had we been talking about a 60K offer on a 10K coin it would be gone. I ended up keeping the coin and I'm not sorry I did, but the reality is that I will likely not ever get another offer for it as high as the one I got.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • chesterbchesterb Posts: 961 ✭✭✭✭✭

    Anything and everything I own is available if you show me enough green! :D

  • tommy44tommy44 Posts: 2,316 ✭✭✭✭✭

    My wife keeps reminding me that when we croak our heirs will toss everything in the house out the bedroom window into the world's largest dumpster. (coins and cash excepted, I hope).

    At this time my daughter, son-in-law and two grandsons don't seem to have any interest in coins. They basically know what I have, where it is and who I recommend they contact to sell my coins if that's what they want do do with them but I doubt they would receive anywhere near what I could sell them for today should I decide to do that.

    I've been selling stuff I no longer have an interest in although nothing "rare" or what I would consider one of a kind and have also sold a couple of coins from my series of main interest when a good offer was received but still feel funny when I do so. (Until the payment arrives.) :)

    My wife and I are still in relatively good health but I am 76 and she is 77.

    Hope this helps.

    it's crackers to slip a rozzer the dropsy in snide

  • oldabeintxoldabeintx Posts: 2,395 ✭✭✭✭✭

    The only forever coins I have are ones that connect to my parents, that's where their value lies. The rest are just things that I enjoy owning. Things can be exchanged for other things we enjoy or for irreplaceable experiences, or to enrich the lives of others. Easy choices IMO.

  • truebloodtrueblood Posts: 609 ✭✭✭✭

    Once its gone, its......................

  • WalkerfanWalkerfan Posts: 9,718 ✭✭✭✭✭
    edited October 19, 2020 3:51PM

    To quote KANSAS:

    "Don't hang on......Nothing lasts forever but the Earth and sky........It slips away and all your money won't another minute buy...." :'(

    I have MANY Forever coins that I will sell before I die......Hopefully, not for MANY years.

    Going the Eric Newman route.......GOD willing.

    Bottom Line: different people have different goals and reasonings. Sometimes, those can change over time. You must do what's right for YOU.

    Wishing you and your family well.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • LakesammmanLakesammman Posts: 17,453 ✭✭✭✭✭

    The only forever coins I have are the sentimental ones, coins I collected as a kid or received from loved ones.

    I think you should sell yours. ;)

    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • MgarmyMgarmy Posts: 2,296 ✭✭✭✭✭

    @Bochiman said:

    @LochNESS said:
    I had a "forever" guitar. Spent years working to earn it, literally and figuratively. It elevated my work, my self-esteem, and became the center of my world. Some years later I got an endorsement deal which included the making of three custom signature guitars [for me]. My "forever" guitar became less and less desirable next to these hand-crafted instruments of which I had selected every component and detail. My wife needed a new camera for her photography business. The choice was simple. I sold my "forever" guitar—at a profit, to boot—and bought her the camera. No remorse.

    The fact that you're even considering the sale means you probably want to sell on some level and are simply coming to terms with this realization. We've all been there. Times change, circumstances change, and we ourselves evolve @Bochiman . It's natural.

    Without knowing it, YOU kind of hit on one of the reasons I am actually entertaining the idea now.
    While MY health is fine, my brother recently had an issue where he was feeling sluggish. Went in to the hospital and was MRI'ed/scanned. They kept him and transferred him to so a specialist could operate. Seems he had a brain tumor. They couldn't get it all. They told him he has ~5 months to live.

    The reason I say you "hit on it" is that he is a musician and has 40+ guitars and other equipment and some of those, such as one signed by Merle Haggard, and a few others he has, are things HE considered "forever", but now, his forever will end before he hits 60 years of age....and he doesn't want to leave them for his, non-musician, wife to have to deal with.

    Coins are smaller, possibly more liquid, but when you deal with things that can be 'real money', it doesn't seem the right thing to do to saddle collectibles with non-collecting heirs.....

    Boch- so sorry to hear about your brother...Glioblastomas are awful. Prayers for your family. I lost my brother in law aged 46 to one.

    100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21

  • DelawareDoonsDelawareDoons Posts: 3,413 ✭✭✭✭✭

    Do not sell special coins until you are ready to be done collecting.

    You will regret it for as long as you do collect, and oftentimes, the sale of that special coin marks the beginning of the end of your collection. I have seen it far too many times before. Once the biggest mental domino falls, the rest are just living on borrowed time.

    "It's like God, Family, Country, except Sticker, Plastic, Coin."

  • oldabeintxoldabeintx Posts: 2,395 ✭✭✭✭✭

    @DelawareDoons said:
    Do not sell special coins until you are ready to be done collecting.

    You will regret it for as long as you do collect, and oftentimes, the sale of that special coin marks the beginning of the end of your collection. I have seen it far too many times before. Once the biggest mental domino falls, the rest are just living on borrowed time.

    I can see your point and don't disagree, but there are exceptions. I have sold a number of favorites as I move on to other interests, but always building the collection. Where I've experienced the domino effect is with series. Once I sell the key or keys, I'm done and don't look back.

  • MrEurekaMrEureka Posts: 24,405 ✭✭✭✭✭

    @CoinJunkie said:
    .> @MrEureka said:

    @Connecticoin said:
    Apply the Marie Kondo test - if it still brings you joy, keep it, if not, sell.

    Nice thought but it's not applicable. Marie Kondo lives in a world where things are either kept or sent to the city dump. I mean, how many Stellas are sitting in the city dump?

    Where are you getting the idea that anything (besides a coin) one no longer wants is worthless? I think the "Kondo criterion" is a good one regardless of the value of the object. Where I would agree with you on applicability is that coins are small and often stored outside of one's living space and, when so, don't contribute to daily clutter.

    Yes, you should get rid of anything that doesn't bring you joy. But the bar should be set even higher for things that can be turned into cash.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • Collect4funCollect4fun Posts: 85 ✭✭✭

    Sell. You’ve enjoyed it. Maybe karma will bring a better opportunity. If you’re on the fence, then Counter.

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭

    Regarding "forever", Simpson had a nice quote on this too:

    There's a cycle you go through in life where when you're younger, your perspective is infinity and you're immortal so you're an accumulator. At some point it goes the other way where you think of yourself as a steward and what's the ultimate resolution of this asset, should I share with other collectors, leave it to my kids, what am I going to do

  • SwampboySwampboy Posts: 13,099 ✭✭✭✭✭

    That's one of the most special coins I've seen.
    The toning is perfect.
    No advice today but I know you'll have no regrets with your decision.

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • ConnecticoinConnecticoin Posts: 13,107 ✭✭✭✭✭

    @MrEureka said:

    @Connecticoin said:
    Apply the Marie Kondo test - if it still brings you joy, keep it, if not, sell.

    Nice thought but it's not applicable. Marie Kondo lives in a world where things are either kept or sent to the city dump. I mean, how many Stellas are sitting in the city dump?

    I think it is totally applicable - you are still parting with it, regardless of whether it is sold or going to the dump. I do like your "part of the set" consideration however. Plus for me it usually applies to duplicate Gem Walkers, not Stellas :D

  • MeltdownMeltdown Posts: 8,961 ✭✭✭✭✭

    Well, do we get to see the coin in question or what? I did enjoy reading the discussion and comments.

  • 3stars3stars Posts: 2,294 ✭✭✭✭✭

    A 5x gain would be my forever coin sell price. A coin is dead money tied up.

    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • shortnockshortnock Posts: 427 ✭✭✭

    Wishing you best satisfaction, whatever your decision.

  • This content has been removed.
  • SeattleSlammerSeattleSlammer Posts: 10,048 ✭✭✭✭✭

    @btcollects said:
    you know it's a forever coin if you crack it and carry it with you, always vigilantly prepared to swallow it at the first sign of heart attack, stroke, natural disaster, major accident, hijacking, etc.

    if it's not swallowable, it's not a forever coin

    I like the way you think. 😆

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    The first forever coin I sold was hard but I put the proceeds into two other forever coins.

    I since sold those two forever coins and put the proceeds into 4 forever coins, which in turn are now eight, and so on and so on ...

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    @MFeld said:

    @ErrorsOnCoins said:
    The first forever coin I sold was hard but I put the proceeds into two other forever coins.

    I since sold those two forever coins and put the proceeds into 4 forever coins, which in turn are now eight, and so on and so on ...

    It sounds like you might be confusing coins with rabbits.😉

    No, not at all, selling my first one was extremely tuff.

    But it taught me a valuable lesson.

    Most of the coins I buy now are forever coins, that will find their way into one of my clients forever collection.

  • NicNic Posts: 3,405 ✭✭✭✭✭

    @ErrorsOnCoins said:

    @MFeld said:

    @ErrorsOnCoins said:
    The first forever coin I sold was hard but I put the proceeds into two other forever coins.

    I since sold those two forever coins and put the proceeds into 4 forever coins, which in turn are now eight, and so on and so on ...

    It sounds like you might be confusing coins with rabbits.😉

    No, not at all, selling my first one was extremely tuff.

    But it taught me a valuable lesson.

    Most of the coins I buy now are forever coins, that will find their way into one of my clients forever collection.

    Agree with Mark.

  • Dave99BDave99B Posts: 8,683 ✭✭✭✭✭

    No coins are really 'forever' coins, IMO. They just get moved between collectors over time.

    I have a handful (maybe 6 or 7) that I plan to keep for many years, but they are technically all for sale, all the time, if the price is right. I sold one about four years ago at 4X what I paid a few years earlier. I didn't really want to sell, but the buyer kept increasing his price until I folded. I knew it meant a lot to him, and I figured it was best to let it go ... at a ridiculous price.

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file