How Loyal to your Series are you?

braddick

There were many interesting points raised on the "If your Registry doubled. . ." Thread and it got me to pondering:

What would you do if the opposite began to happen? If you're favorite series- one you've invested your energy, time and expense into, began to crash.
I don't mean one of those gentle cycles where there is a slight dip. I mean the out and out tumble of a falling, failing market in your series.
Now, after discussing it with your favorite Dealer and other Collectors you realize your series is headed down in value. Much further.
Would you sell? Would you bail out?
Or, are you loyal to your coins and simply wouldn't look at the sheets anymore and enjoy them for what they are- your pastime. Your hobby.

Cocoinut

In the case of Mercury dimes, which I'm currently working on, or early type coins, I'd consider a crash to be a great buying opportunity. The market goes in cycles, and prices would recover eventually. In the meantime, I'd have the chance to buy beautiful, rare coins at bargain prices.

Jim

MastaHanky

I agree...I question my loyalty more when prices rise than when they fall. The run on Lincolns has had me debating selling off my whole set. But if they were to drop in price 50% overnight, I'd be even more loyal to them, snapping them up like crazy.

remumc

I agree with cocoinut, I would use this downturn to add rare high grade MSFB Mercury dimes & high grade type coins to my collection at hopefully distressed prices, knowing that they would head back up sooner or later, and the later the better!

Regards,

Wayne

cosmicdebris

How Serious? LINKY-POO

Fairlaneman

I'm with a couple of the other guys. If the price went into the dumpster it would give me a chance to buy some really neat coins at little or nothing. Then hopefully I would live long enough to see the prices rise again as they are doing at this moment.

The huge price increases of the 80's drove me out of collecting along with the expense of a family. Seeing what coins were priced at in the mid 90's brought me back for the long haul. Basically its untill death do us part or untill the prices get so insanely high that the temptation to sell cannot be avoided. A drop in price does not even enter into the selling of the collection.

Ken

izzy452

Ditto on what Ken said.


Walt

braddick

Bill- Great site! It's now bookmarked.

You're loyal! What Ken and others are saying makes sense. Load up while the prices are low!

Keyrock

At heart I am a collector so finances only figure into the equation when the prices rise and my purchasing power is impacted. If the Lincolns took a drop I would start upgrading some that I have been hesitant on due to the over inflated prices. If prices did drop I would start hitting a bunch of keys 32D washington, 16DMerc etc....

prooflike

I'd buy, buy, buy.

kieferscoins

If it doubled, I would probably sell most of the coins and keep a few I wouldn't want to get rid of. I would wait and see what to do though before starting right into another set.

Cameron Kiefer

MoneyLA

I think if you are a true collector you would welcome a drop in prices as a buying opportunity. I am now on my second quest for proof Washington quarters. I sold my first registry set, when it was #1, and am now working on a second set of rainbow toned and color-toned coins. I certainly would welcome a nifty crash in prices now because the rainbow toned monsters have monster prices. cheers, alan mendelson

cosmicdebris

Thanks Pat She is well worth it.

coinrookie

Iwould actually like it if some series crashed. Then I would buy the ones I can`t afford now.

Lakesammman

It's interesting to read the thread....it's been my (very general) impression that when prices drop, collectors (coins, art, whatever) put away the pieces, waiting for a better time to sell. I would do the same. The result is, prices are dropping and there is still no better material available. So, while I would like to think I could stock up at firesale prices, I think the actual opportunities to do so would be few and far between. Just in case it does happen, please PM me with your material!

LucyBop

There is none more loyal to Frankies baby! And the beautiful Winged Liberty's come in a strong second. I have loved both of these coins since I was a little girl...

RGL

I'm loyal -- and a collector -- and would not sell my "A" coins. But, if Jeff proofs doubled overnight, I could be tempted to part with a few extras. (And, watch the appreciation, both fiscally and numismatically -- explode on proof Jeffs over the next couple of years ... A steal at current price levels and pops.) Fifty-eight coins are required for the 1938-2002 Jeff Proof and SMS run. But, in consulting my database, I somehow seem to have 124 PCGS-slabbed Jeff proofs -- and another 11 headed to Newport Beach for grading this weekend. Help me, I'm sick ...

fcloud

I would sell, and then regret it later after I find out I can't replace the coins. I do have some that my wife has given to me as gifts over the years, those will not be sold no matter how high things go. Those get passed down to the kids.

lava

I think most of us buy on dips, and probably buy aggressively. When the market softens, our inner collector/hobbyist side comes out. When prices go up, while it does get exciting, the hobbyist side gets chilled since we can't acquire as much due to cash constraints. In other words, the glass is always half full. Text

Whitewashqtr

ok.. So now that everyone would buy on "dips", would your series actually halve in value? Ooopss.. just look at those state quarters. That is why people buy classics... not as volatile. But those moderns could certainly swing if the interest wanes just a little bit.

But let's not start a classic / modern debate!! Or did I just start one? lol

WWQ