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Anyone ever...

LincolnCentManLincolnCentMan Posts: 5,347 ✭✭✭✭
in PCGS Set Registry Forum
started feeling bad about how much money they have in thier set.... and sold it because of it?

David

Lincolncentman Toned Lincolns

Comments

  • braddickbraddick Posts: 24,150 ✭✭✭✭✭
    David,
    I haven't quite done that, but I did find myself with one set committed and realized what I would need to do to maintain a top five spot and THEN lost interest.
    I had no problem paying $20.00- $100.00 for MS66's but was feeling quezy paying $300.00+ for the MS67 upgrades!
    I got out of the set before it continued to drive me nuts.

    peacockcoins

  • halfnuthalfnut Posts: 1,619
    David I keep a log of how much I have spent on my Kennedy set. So far I have not felt bad about how much this is costing me. My Kennedy set is one of three sets that I collect in slab form. I have no desire to upgrade my set to 67's and have decided to keep it at a nice 66 level. This will be a set that will be passed on to my grand kidds someday I hope.
    U S Navy Retired 22 years - ENC(SW) Ret. - Travling Nuclear Maintanence Contractor - Working Indian Point Nuclear plant Buchanan New York
    image

    ">Franklin Halves
    ">Kennedy Halves
  • DAMDAM Posts: 2,410 ✭✭
    Because I'm single, I don't feel too bad.

    If I was married... I'D BE DEAD! image

    Fortunately, the coins I need to complete my Type Sets, for example, aren't too expensive. Except for the '64 Kennedy in PR69DCAM and a couple of others. I may suck it up and get a grade lower, or CAM instead of the DCAM.

    Also, it becomes a matter of which is better, fewer more expensive coins, or more coins for less money. There's also the issue of finding nice pieces. I'm leaning toward the more coins route, and upgrading later when the coins I really want become available. (Nice ones that is.)
    Dan
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    I've started sets because I already had a couple of the key coins, but lost interest and abondoned them because the cost of a large number of non-key coins was excessive.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • LincolnCentManLincolnCentMan Posts: 5,347 ✭✭✭✭
    I sold my cents from 1934-1958 about 6-8 months ago. There were 38 different PCGS MS67RD's. The rest were PCGS 66RD with the exception of the 54-P which was 65RD. The set did not include the 34-D, 35-S, or 42-S (had a 42-S, but it was the nicest 67 in the collection... just couldnt part with it). I've been building that portion of my collection back in 66RD. Man, there's not much difference in a PQ 66 and a ...hu em... PU 67. PCGS has really put a crunch on the Lincolns in 67 as of late. I'd say 25% of the 66's I own now are better than 50% of the 67RD's I had in my set. Concidering most common 66's will set you back a wopping $15-$25, and all but a few common 67's cost $100+, I feel it was a good move.

    David
    Lincolncentman Toned Lincolns
  • MastaHankyMastaHanky Posts: 933 ✭
    << I sold my cents from 1934-1958 about 6-8 months ago. >>

    I've been debating doing the same thing. I don't have a 54-P, so no big money from that coin, but I have to face it: most of the $15-$25 coins in that chunk of the set will always be $15-$25 coins. I can sell those off and pick up something that will actually increase in value over the years. And when I feel the need to replace them again, they're just a dime a dozen on eBay.
  • kieferscoinskieferscoins Posts: 10,017 ✭
    I haven't felt guilty how much is in my set, but more of how much I could have put into the set instead of seeking higher graded coins now. A VF coin is good, but AU is now more of my range for some series in my type set.

    Cameron Kiefer
  • nwcsnwcs Posts: 13,386 ✭✭✭
    Yes, I've felt bad about how much money I've got in coins, but not enough to sell them! Although I do know that one day I will probably do that. But once I leave coins, it'll be forever. So I don't want to do that for a long time.
    Blog and Pics
  • DAMDAM Posts: 2,410 ✭✭


    << <i>A VF coin is good, but AU is now more of my range for some series in my type set. >>



    It won't be long until you'll be saying... An AU coin is good, but MS is now more of my range for some series in my type set. image

    Happens to lots of collectors. image
    Dan
  • LincolnCentManLincolnCentMan Posts: 5,347 ✭✭✭✭
    ...something that will actually increase in value over the years...

    ...spoken as a true invester. And there is no disputing that 66's (with the exeption of a few dates) will always be common and worth little over the slabbing fee. I do, however, think that it is very speculative to say many of the 67RD's will maintain their current value and appriciate over the years. Most of the ones that have been slabbed, where slabbed in the last two years. Two years from now, where will the pops be at? ...Five... Ten... On the flip side, thrown into the equation is will demand grow faster than the supply. Maybe, maybe not. I could point to many examples of 67RD's going up AND down in value over the last year. I'd say it's speculative at best over the LONG term to say the values will go up. The pops are very perishable in most of the dates. Origional rolls are still common. I'm also sure there are many choice sets still out there that were put together years ago.

    David
    Lincolncentman Toned Lincolns
  • LincolnCentManLincolnCentMan Posts: 5,347 ✭✭✭✭
    ...btw

    I agree that common ones will aways be common. I have all the "tough" coins in 66 out of the shortset right now. I buy PQ commons here and there. I bought the hard dates first simply b/c they're the ones that are hard... like you said, the ez stuff will always be ez.

    David
    Lincolncentman Toned Lincolns
  • bozboz Posts: 1,405 ✭
    The great use of life is to spend it on something that will outlast it--James Truslow Adams
  • bozboz Posts: 1,405 ✭
    I've spent a little over $20,000 this past year on a CC set. M&MNCC on the registry, my wife doesn't mind as she says there are worse things I could be doing. Also keeps me at home.
    The great use of life is to spend it on something that will outlast it--James Truslow Adams
  • bozboz Posts: 1,405 ✭
    Selling is not an option right now. Hopefully it will be a good start to my 14 month old daughters future
    The great use of life is to spend it on something that will outlast it--James Truslow Adams
  • clackamasclackamas Posts: 5,615 ✭
    I know what you went through. Doing a complete set (Lincolns) in 66 however is really tough without mucho bucks. The short set is fine but with the way PCGS grades right now a 66 is a nice coin. Take my recent submission of super fine 58-P's - 14 MS66RD's and not a 67 to be had and I used my 67's as a grading set before submitting these coins. I do fill out some of the cheaper 67's in the short set but I am going to stick with 66's for now. A 58-P in 67RD will set you back a grand. I can buy a 64RD 18-S for that.
  • TWQGTWQG Posts: 3,145 ✭✭
    Great thread. I can relate to just about everything said.

    I think of selling when I:
    1. Receive my upgrade costing 10X and the one being replaced looks betterimage
    2. Watch a 'top pop' population double in a year and the value plummet in halfimage
    3. See that the profit has reached an appetizing levelimage
    4. Remember that coin values are thinly capitalized and hang by a threadimage
    5. Think that this money should have gone into San Diego real estate over the last four years insteadimage
    6. Read threads about thinking about sellingimage
    7. Whimsically change my collecting habitsimage
    8. Get a taste of profit making and think it's kind of coolimage

    My eBay store
  • LincolnCentManLincolnCentMan Posts: 5,347 ✭✭✭✭
    ...but with the way PCGS grades right now a 66 is a nice coin

    I couldnt agree with you more. Which is why I said that I honestly feel that 25% of my 66RD's are nicer than 50% of the 67RD's I had.... and I didnt have junk. Most were the nicest of three or four examples that I had.

    Take my recent submission of super fine 58-P's - 14 MS66RD's and not a 67 to be had and I used my 67's as a grading set before submitting these coins.

    This is the exact reason I'm I have my raw 67RD's here in intercept 2x2's stored away. It will be a long time before I send another cent into PCGS looking for 67. Buying PQ 66's is the rought I've chose to go for now.

    David
    Lincolncentman Toned Lincolns
  • marcalan84marcalan84 Posts: 310
    David- We all think of selling from time to time. This occurs whenever we see crazy money being thrown at coins that we were picking up at fractions of the cost just a year ago. The Lincolns have been going up very fast over the last year or two. I thought you did well on the sale of your short set. I remember you getting a decent price. I had a completed short set in MS66RD at the beginning of 2002. This was all 71 coins from 1934 to 1958. It only cost me about $2100 over a years time (about $30/coin on average). This was very inexpensive. I started trying to upgrade to MS67RD's starting in January of 2002. I now have 45 of the 71 coins in MS67RD for the short set. The financial cost is staggering when compared to the (VERY NICE and acceptable) MS66RD coins. Replacing those 45 coins and even upgrading some of the MS66RD coins to nicer coins of the same grade....means that I now have almost $7500 invested in those 71 coins (some of the coins in my set cost between $15 and $20). I do worry about the pops going up on some of the coins that I spent dearly for....but also know that I could be caught waiting while the prices keep going up. I sometimes think that I will never sell my set......and other times......I think that when the time comes to sell.....I have to be willing to part with it. That being said, I am still looking for coins. Anyone who has the following coins available in PCGS MS67RD...please drop me a line. (1936-S, 1945, 1947-D, and 1951-D)
    I guess I am still in the hunt for coins. Marc
    Marc
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