Why would you EVER sell one of your Coins?

braddick

Why do you sell your coins?
Is it because a better one comes along and you sell your 'downgrade'? Do you tire of a certain series and then when you switch to another, sell the coins in the older set?
Are there some coins in your collection you will NEVER sell- almost no matter what, because they have personal meaning to you?

Do you occassionally buy a coin knowing you will sell it, and quickly- you just happened to buy it at the right price?

Do you start a coin series/type and then part way through, change your mind and then sell?

bennybravo

All of the above.

goose3

I only sell when I upgrade, so it isn't often.

I sometimes sell low dollar stuff out of boredom to raise money for an upgrade.


I have some gold pieces and other coins that were my grandfather's. He introduced me to this addiction when I was VERY young. He died in 1983. I would not part with those gold pieces for ANYTHING! They are each neatly stapled in 2 by 2 cardboard flips with his very unique handwriting on them.

FC57Coins

I guess I'm the kind of collector that does some collecting and some accumulating. When the accumulation can be used to pay for part of the collection I take advantage of that - but for the most part I hate parting with some of my "prized posessions" - until of course the NEXT prized possession comes along!

Frank

ARCO

I sell more as a guilt laden reaction to overspending. I will go on a month or two long spending spree, rack up purchases on the credit card, deplete my savings and generally outspend my budget ten fold.

I then look over which coins are truly keepers and which ones were bought on impulse. Sometimes I will buy a coin and find that after two days of looking at it I am bored of its blandness. I then take the duplicates, coins that are not as great as I thought and coins less than perfect and put them for sale on Ebay so that I can russle up some cash to start the whole affair over again.

Tyler

RegistryCoin

Sell when you want to move on to another series, gets my vote.

BillJones

Aside from the business, here are some reasons:

· I got bored with the coin or the series and wanted to raise money to buy something else.
· That part of my collection had reached a dead end. I could not add any more coins because the ones I did not have were too expensive or never available. This was the main factor that led me to sell my die variety collection of half cents. The varieties I was missing were so rare and expensive that I would never get a chance to acquire them. For example there are only 12 known examples of the the MOST common variety I did not have but really wanted. I knew that 9 of those where tied up in two collections, and those guys were not selling. They would have die before I would have a shot at getting the WORST of those coins (an AG-3). I had to come to the conclusion that it was time to call it quits.
· I needed to raise money to put a down payment on my house. (By-By 1909 Proof set)
· I chose to trade the coin because it had greatly appreciated in value, and there were other items I liked more as a collector but could not otherwise afford.

DCAMFranklin

My personal opinion is that when you are able to pick up a needed date within your series for a "right" price, you should JUMP all over that coin, even if you know it doesn't really float your boat. Somewhere down the line you are going to be able to acquire the coin that is really nice or even awesome and if you purchased the first coin at the "right" price you will always be able to move the first coin for a profit if you are collecting a series with limited availability. So, I'm always willing to sell coins after I find the right replacement.

Anytime I can purchase a coin at a nice discount to market, then I will do so, even if I have absolutely no plans of collecting that coin. I can turn it for a nice profit and use those profits to help upgrade my keeper sets.

My Dad died when I was only 3 and I have no memory of him. As a curious youngster of 10 or 11 I was going through the belongings my Mom had kept and found a nice XF Seated Half. That coin I will never sell. It started me down the path of coin collecting.

Lakesammman

When I started collecting IHC's, I bought the tougher coin of the year (proof vs MS).....it was a odd assortment over time. Now that I'm concentrating on completing the MS run (can't afford MS and proof), I'm selling off the proofs.

Agree with some of the other reasons too...upgrades mainly.

stman

Just about all of the above reasons, with the exception I never buy a coin planning on selling it.

Stman

RegistryCoin

...naturally, selling a coin is a product of buying a coin previously, and, it comes down to a personal (for that moment) definition of patience.
Fill a hole, or be even "more" patient... Right?
Is your collection the "ultimate" at this time?, later?, only once? hmmm.

BigD5

I've sold for all kinds of reasons. I sold off my Buffalo nickel collection, because, well, it was finished. Spent some of that money on a my two cent piece collection.....finished that, sold 'em. I've been doing seated stuff for a while now, and when I upgrade a piece, or not necessarily upgrade, but find a piece I like better than another, I sell the other piece. I get bored quick, so I'm always moving stuff around. Keeps my mind into it, so to speak. I do have certain pieces that aren't going anywhere, anytime. Although, the shield nickel with the rainbow tone I sold earlier this year was one of those pieces.......I think I had a brain cramp selling that one!!!!

09sVDB

I recently sold all of my modern mint stuff and will not buy anymore mint products because I just don't feel they offer nmuch upside potential. The only other time I've sold was to get rid of duplicates.

Mrpawn

Two times I have been made offers that could not be refused for almost complete business strike Morgan sets.

Now I am working on two more sets (PCGS & Whitman folder)

Constantly trading to upgrade

Try to buy coins that are underpriced to use for trade material and/or sell

Jr

fcloud

Well back in the 1980s when I sold off (almost) my entire collection, I did it because I needed the cash.

Today when I sell a coin it is either a duplicate, or I want the cash to upgrade. I sold a 1942-p PR65 (ngc) Jefferson on e-bay, so I could get a better one for the same price. Now, I bought a raw coin. But it is an absolute blasing white coin with just a small dark spot on the reverse. It is an easy MS66. The coin looks like it was just struck. I have sold a few coins on ebay just for the fun of it, too. I broke a proof set to send in three silver quarters, so I sold off the others on ebay.

Dog97

Yes.

DCAMFranklin

Dog97, do you always have to be sooooo long winded??

MAULUMALL

Some coins would be too valuable for me to keep.
I only want to collect coins that would not devastate me if I lost it.
(Boy,do I sound dumb)

Dog97

Good to save keystrokes.

Dog97

dp

keets

I guess I'm the kind of collector that does some collecting and some accumulating. When the accumulation can be used to pay for part of the collection I take advantage of that - but for the most part I hate parting with some of my "prized posessions" - until of course the NEXT prized possession comes along!

man, does that sound like me!!! i'm getting ready to do exactly that, sell off a bunch of proof sets and few odds and ends to sink deeper into some jeffersons. what's really scary is that i've been thinking lately of selling some of my best stuff for, gulp, an engagement ring!!! man, did i really say that??

al h.

RegistryCoin

uh oh!

mdwoods

I would sell to upgrade, if I lost interest in a particular series, or if I needed the money. Also, because it is fun to submit coins, and you can't keep them all!!! Some I would keep to the bitter end, others are not so important. It's not the coin so much as the series in that case. mdwoods

Flash

"i've been thinking lately of selling some of my best stuff for, gulp, an engagement ring"

If you're going to do that, you'd better be absolutely sure she's going to say yes!


I've lately been selling off all the cleaned, overgraded, and worthless junk I bought when I first got back into this hobby. With what little money I get out of my original investment I am able to put back into some decent coins.

fcloud

Keets,

Where did that exploding icon in the microwave go. I thought it was great!

Higashiyama

Actually, I never have sold a coin, but now my collection is beginning to feel cluttered. At some point, a kind of spring cleaning may be in order, although living in Japan, it is much easier to buy than to sell.