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When you up-grade your set is it hard to sell the replaced coins?

AbesNeighborAbesNeighbor Posts: 705
in U.S. Coin Forum
I just upgraded my $2 1/2 Gold set. I put my Beautiful and beloved MS63's on E-bay last night. Those are great coins! I just cannot afford to upgrade and hold on to the others too.

Does anyone else have this problem..? Do I need Therapy?

Comments

  • DHeathDHeath Posts: 8,472 ✭✭✭
    I hate to sell coins, but I feel pretty good buying them. Catch-22 for a person on a hobby budget.image
    Developing theory is what we are meant to do as academic researchers
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  • agfoxagfox Posts: 363
    Sell them? Are you crazy? I haven't been able to let a Morgan out of my Jackie Chan Moose Head Death Grip (tm) yet..

    I call it a hoard, the wife calls it a obsession.. toMAEto toMAAto..


    Got Morgan?
  • nwcsnwcs Posts: 13,386 ✭✭✭
    I used to, but not anymore. The real problem is finding someone who will pay a fair price for the coins.
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  • ElcontadorElcontador Posts: 7,567 ✭✭✭✭✭
    It depends on what you are selling & how does it 'fit' gradewise re its holder? Also, is there much of a market for the particular coin in the first place? I sold a MS 64 BN Classic Half Cent when I purchased one of these babies in MS 65 RB.

    The 4 was a solid coin with 20% original red. I learned the market for the coin before I sold it, and then found a dealer who had a customer for it. I wound up with roughly I would have gotten for the coin less E-Bay fees.

    OTOH, if I had an 'esoteric' coin with funky toning, say an 1855 Half with Arrows, or a 3 Cent Silver piece in an odd grade like MS 64, I might have a problem getting a decent price for it.
    "Vou invadir o Nordeste,
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  • mdwoodsmdwoods Posts: 5,549 ✭✭✭
    Usually I don't mind selling at all. But every now and then I keep a coin that seems special, to me, in some way. mdwoods
    National Register Of Big Trees

    We'll use our hands and hearts and if we must we'll use our heads.
  • baccarudabaccaruda Posts: 2,588 ✭✭
    i've found i can usually sell them for what i bought them for, so i have no problem turning them over if i wanna get into something new.

    this also makes a rock-solid argument for buying coins when discussing purchases with the better half. i always tell her that i can sell them for at least what i pay, so it's like putting money in the bank. she buys it but isn't happy about it.
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  • MacCoinMacCoin Posts: 2,544 ✭✭


    << <i>I used to, but not anymore. The real problem is finding someone who will pay a fair price for the coins. >>


    thats the same with me nobody wants a coin that needs to be upgrade next year. I pretty much trade all of them away on the other forum. I bet you'll find gold easy to find a buyer for
    image


    I hate it when you see my post before I can edit the spelling.

    Always looking for nice type coins

    my local dealer
  • NysotoNysoto Posts: 3,818 ✭✭✭✭✭
    I don't have any problem selling coins to upgrade my sets. I have a collection of about 250 coins, the ones that sit in the back of my safe or SD box I will sell if I lose interest in them. I am constantly upgrading, the only way to finance this (for me) is to sell coins. I would rather have 250 nice coins than 500 mediocre coins.
    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
  • JulianJulian Posts: 3,370 ✭✭✭
    It is sometimes difficult to dispose of duplicates, especially when purchasing upgrades from auctions. I suggest upgrading with a dealer and trading in your duplicates.
    PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.
    I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.

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  • paigowjohnnypaigowjohnny Posts: 4,257 ✭
    Unfortunately for me, the upgrades I've done so far have been for "mistakes"...buying what I thought was a BU coin that's actually AU/cleaned/overdipped/problem. I'll never get my investment back. I have sold some of my mistakes at notable losses...

    I would have no trouble selling a problem free dupe if I could get close to my original investment back
  • jdimmickjdimmick Posts: 9,720 ✭✭✭✭✭
    I have great luck selling when I upgrade, many times for more than I paid due to constant price increases.

    But then again thats because all that I resell from my personal collection is key-date PCGS graded stuff
    jim
  • LakesammmanLakesammman Posts: 17,413 ✭✭✭✭✭
    I upgraded 2 recently. Both old specimans sold through Eagle Eye by filling want lists - didn't even hit the web page. Made a little on eachimage It amazes me that I can't even get $1000 for them on ebay and he can sell them instantly for $1500. Guess people prefer to pay more. image
    "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.
  • 09sVDB09sVDB Posts: 2,420 ✭✭✭
    I don't like to, but financially I can't hold both. My lasted upgrade was a 32S quarter from a PCGS AU58 to an NGC MS62.
  • smprfismprfi Posts: 874 ✭
    Not at all.
    My Ebay Auctions
  • LakesammmanLakesammman Posts: 17,413 ✭✭✭✭✭
    PS - My philosophy from the start has been buy only coins that smart collectors will beg you to sell them. That makes it easy to sell when the time comes.
    "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.
  • BarryBarry Posts: 10,100 ✭✭✭
    I have no problem selling what I've upgraded. Hey, it's just a coinimage
  • maddoxmaddox Posts: 320
    Good topic, it all depends on the coin. Everytime I upgrade one of my DMPL Morgans, I will keep the lower grade due to the strong demand for DMPL Morgans, same for the CC's. The market is going up, I'll hold onto the DMPL's and CC's for a while. On the other hand if it's a common date, common grade Morgan there really is no reason to hold on to the coin. Another factor is how much I originally paid for the coin.

    You really need to know what drives the market for your type of coin. If it's a key date, I'll hold onto the coin, finances permitting.
    " I hoard coins, that's what I do, it's my nature"
    ____________________________
  • michaelmichael Posts: 9,524 ✭✭
    cant really upgrade

    most all coins in the eastern collection that i have seen close to where i live

    they are mostly the finest known for what they are and some may not be technically the finest known but how the surfaces and toning and designations are on the coin they are the finest known

    so really no problem with upgrades here as there are'nt for the most part........ ANY!!!!!!

    sincerely michael

  • tgilliamstgilliams Posts: 1,969
    That works most of the time with a dealer except if it's a rather inexpensive coin and you try and use dealers guarantee to buy back. Got burnt with R&I a few times.
    PCGS sets under The Thomas Collections. Modern Commemoratives @ NGC under "One Coin at a Time". USMC Active 1966 thru 1970" The real War.
  • relayerrelayer Posts: 10,570 ✭

    What's hard is to find somebody dumber than me who will pay more for it than I did.

    BTW: tgwilliams - I've learned after you pay for R&I quality, you find you can't get R&I prices for that same coin.
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  • CharlieBCharlieB Posts: 441 ✭
    My methodology - I learned long ago never to pass up a
    duplicate, triplicate, quadruplicate or quintuplicate
    of a coin so long as it has superb eye appeal. When you
    put them together it's like a little flower garden. If
    for some reason I decide to sell one I just don't sell
    the prize winning roses.
    "location, location, location...eye appeal, eye appeal, eye appeal"
    My website
  • TwowoodTwowood Posts: 518 ✭
    Why don't you try the "Buy- Sell -Trade" message board on CU? I've had some luck there. Twowood

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