Would you sell your collection or keep it?
bsshog40
Posts: 3,925 ✭✭✭✭✭
I know there has to be some collectors out there that have a very limited budget. So my question is, if you can no longer really afford to continue buying coins, but still enjoy the hobby, would you sell your collection or just keep what you have and enjoy it? Maybe sell a certain series to add to another series? I would be interested in your replies!
-----------------------------------------
My Original Song Written to my late wife-"Plus other original music by me"
https://youtube.com/playlist?list=PL8A11CC8CC6093D80
https://n1m.com/bobbysmith1
My Original Song Written to my late wife-"Plus other original music by me"
https://youtube.com/playlist?list=PL8A11CC8CC6093D80
https://n1m.com/bobbysmith1
4
Comments
I would sell it all at 2x cost then start over.
Everything I have I'd sell, except the wife and dogs. Just make a crazy offer.
But, if I can no longer afford to continue buying the coins I want, I'd sell and move on in life. Besides, they're just coins.
Become a coin dealer.
Use all of your coins as inventory.
Im in that situation now with my collection. I can sell, store it in a private vault or I can figure out how to insure and ship my collection to Europe and pay import taxes and duties on it.
I decided to ship it.
I would at least hang onto any key coins.
If you need the money then sell them now - it is a sellers market and that only occurs a few years out of twenty or more ....
I think one can enjoy what they have assembled without buying more.
Experience the World through Numismatics...it's more than you can imagine.
I would sell my collection and then go to coin roll hunting. I could go through a LOT of rolls from the proceeds of selling my collection. Who knows? I may find something good.
I enjoy the American coins I have. I enjoy studying them every day. CAC has ended my participation in the U.S. coin market in a significant way, but I enjoy what I have. I will not be selling at this moment.
Kinda been in that situation ATM.
Makes me a better cherrypicker.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
When I turned 60
I came to realize that the vast majority of my "collection" are nothing more than expensive baubles "to me". Most of it resides in plastic tombs in boxes in boxes, I haven't laid eyes on most of it in years. I find myself wondering exactly how I'll part with it, or how it'll part with me. I just hope whoever comes upon it finds an appreciation for it. Seems the thrill was/is mostly in the hunt. This "treasure" in my life has become much less important than quality of life. I'ld sell in a heartbeat, or flatline.
(l8-)>>
Over the last three months I have sold (and have 60 coins at GC now) my entire collection. It took me ten years to get almost all PF 70 ASE’s from raw (the 86 s I bought graded from a board member) Needless to say every submission was not a 70 so I had a lot of sub 70’s as well and and some duplicates that came from mint subscriptions. I purchased the 10th anniversary set with a beautiful 95w and that will be the last to go. I have been procrastinating sending it to our host because of the back log of summer crazy.
I decided to sell the month I completed the collection. Mission accomplished and now I am pondering a new series. The fun for me is in the hunt and completion.
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
I'd keep what I have
I like being able to look at my collection from time to time. I don't think my collection would be coin dealer quality. I may sell one day, but only if I had to.
My Original Song Written to my late wife-"Plus other original music by me"
https://youtube.com/playlist?list=PL8A11CC8CC6093D80
https://n1m.com/bobbysmith1
I'd go through everything and see which items you still gravitate towards. Do any invoke fond memories? Make some piles-keep, sell, and uncertain. Then try selling the ones that you don't excite you any longer (the sell pike). Those funds can be used on adding coins that you do want.
Sell the widgets. Keep anything it would be extremely difficult to replace.
That's been me a few times and I've taken kind of a middle road, selling everything that doesn't have a really strong hold on me; the upshot is I have a smaller and better collection.
Does the pride of ownership and looking at the coins give you more or less pleasure than what you would use the proceeds for?
That would be my primary answer. That said, I don’t think your question is any different from those that could by more coins, but have decided that coins should not take up more than $xxxx
That is more my situation. So when I am essentially at my maximum coin collection value, if I find another coin I want, I have to find something to sell in order to get the funds. Not exactly a box of 20 concept, but similar. Keeps you in the game, and forces you to decide which coin would give you more enjoyment.
Darn, there goes all of it!
My Original Song Written to my late wife-"Plus other original music by me"
https://youtube.com/playlist?list=PL8A11CC8CC6093D80
https://n1m.com/bobbysmith1
I'd keep the collect to enjoy and stop buying.
A couple good comments mentioned have got me to think about my collection a little better. All of our stuff is in storage at the moment due to moving and hoping to sell and then buy a house in the next few months. I have a bit of stuff that really doesn't mean that much to me. When I'm able to, I really need to sit down and go thru my collection and try to weed out the misc stuff. The only problem is most of that stuff wouldn't be worth auction and shipping fees. Might be tradeable items though. Ummmmm Maybe BST material when the time comes.
My Original Song Written to my late wife-"Plus other original music by me"
https://youtube.com/playlist?list=PL8A11CC8CC6093D80
https://n1m.com/bobbysmith1
I’d sell some to make a better more focused collection. Like if I’m not already collecting a series I’d sell off all but 1 or 2 favorites of that type of coin (keeping one or 2 for type set) and/or to complete any series where I already have most of them. Also sell off junk coins and silver to fund the more focused collection
Mr_Spud
Sold a bunch these past few months. Bought a few in the same few months. I don't think I will ever dump the entire collection unless there was some extreme circumstance.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
I sold most of mine thru GC late last year and first of this year, kept a few , hadnt missed em.
did manage to buy back and old freind I sold 11 years ago recently, and I still find myself looking at coins in auction venues and even tossing a bid or two in, not sure why, but cant stop the fever.
Only reason i sold mine to start with wasn't sure how much time I Had left, come to find out plan to be around a while, unless I get run over by a truck or something.
Not really selling everything but I am going to thin out my collection. It’s a little over a year now that I thought
to sell what isn’t super important to me and I’m getting closer to that goal. I thought it would be easier to separate the sell
pile but it’s not. And, I’m still not done sending in all the stuff I need to be graded and imaged. I am hoping to get it finished in the next 4-6 months and get things up for auction.
.
CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC
I do not anticipate buying much in the coming year (s) for the very reason you suggest, but I also do not anticipate selling anything either. The vast bulk of my collection lives at the SDB so I enjoy the photos and will work on improving those.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I have been collecting, but not selling coins my whole life. I have nobody in my family who has any interest in coins. I am starting to slowly sell off my collection. It will take me many years. I will keep my PCGS certified, easy to sell, key date coins. I will sell my other collectible coins, and use the money to buy gold and silver bullion. I will also keep my junk silver. I will not burden my heirs with a collection that nobody wants, and would have no idea what it is worth, or how to get rid of it. Ideally, Instead of leaving my family a bunch of collector coins. I can leave them bullion that they can check the daily spot price prior to selling. And, PCGS certified key date coins that they can check the approximate value, by checking the serial numbers on the PCGS website.
I have always been a collector and had many different collections over the years. When I reach the point where I feel I've gone as far as I can given my "budget" and what I can reasonably find in the future, I've sold everything. One time to fund the difference for my next house. Another time was to start my children's college funds. I've felt there is no point in keeping a few special items that I no longer have a real interest in. Selling has taught me to be a more careful buyer with the next collectible interest. I'm now in my second go around with coins.
Photoshop?
If your collection should not take up more than x dollars, and you are at that limit, you could give away some of it and buy more. Find a worthy cause?
I am on a limited budget now. I can only buy roughly equivalent to what I profit off coins.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
What do you mean about CAC?
First CAC HIJAC of the month? And away we go!!! 😱
He brought up CAC not me!! He didn’t explain what he meant so you are talking stupid
Seriously, there's always a way to continue buying coins. Work longer hours, sell something, rob a bank, etc. The trick is to find the best way.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I could be called a minimalist. I have only nine coins that I think of when I talk about “my collection”. A few weeks ago, I purchased a love token, 1799 Bust dollar engraved in the most elegant script … that I wouldn’t sell for 10x the money. Be selective in the first place, so personal satisfaction is really high, such that you wouldn’t dream of selling. If I were a coin hoarder, I would thin the herd.
Matt Snebold
You really have to pay taxes if you are moving to Europe? That SUXS!
I have series and singles and random coins.. slabbed and raw... Some coins have been packed away for over a decade....I have not thought about selling any. This thread does raise the prospect though.... I must think about this... Cheers, RickO
Sell and start over with the proceeds. If the coins are just collecting dust in a safe and you never look at them, what joy is that bringing to your life?
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
Basically in the same situation.
I find it refreshing.
It pushed me into statehood quarters and moderns.
As long as you know something about alot of series you can still play the game.
All you need is a CPG and ebay.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
I would probably put the collection on hold and spend time trying to make more money.
I'm hoping to carve out enough time to be a artist to sell my work as NFTs
That's a dumb idea, banks dont really have that much cash in them anymore. If you're going to start a life of crime, go big, hit a Casino!
Ya, a couple series I really enjoyed collecting were proof sets and SAE's. When the mint went up in prices this year, that stopped those series. I may wind up selling thinks like that and then go thru the rest.
My Original Song Written to my late wife-"Plus other original music by me"
https://youtube.com/playlist?list=PL8A11CC8CC6093D80
https://n1m.com/bobbysmith1
As a 68 year old guy I've done some practical review. Most of my stuff is low value this and that which might be hard to sell even on E-Bay. Lots of incomplete year sets, cameo quarters, duplicates, toners and the like. I'm considering beginning the process of liquidating things I never even look at to save my family the headache I can't even figure out.
I'd keep the nicer looking slabbed materials since their value is much easier to define.
If I was no longer able to buy; I would keep what I have, unless, there was something I found that I wanted even more. It does seem like a good sellers market, these days, and I wonder how long it will last. Will it subside or slowly increase even more? We can only guess….
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Exactly
No, I was poking fun at CAC threads. "Talking stupid"? The mind boggles...
Scrape up enough money to buy this years US Mint hot flip and sell. Continue your collecting with the profits. Zero cost to you, and you can keep enjoying the hobby.
Sell it all and buy a 55 DDO and a nice silver dollar.
"Got a flaming heart, can't get my fill"
Speaking for myself I would keep them. A lot of factors goes into making the decision to sell. Speaking for just myself, no I’d keep them. I have spent years on end finding each and every one of my coins that resides in my collection. Selling them would be like pulling teeth. I have sold a very nice key date recently to a friend of mine right here on this forum. I have missed that coin every time I look at my collection. It haunts me for a long time after the sale. My dad taught me to try and hold on to my coins. He said if it’s just money you need there’s always another way. I took those words to heart.
Good luck with your decision my brother.