Sell or keep

LincolnCentMan

I've been working on a PCGS/NGC set of lincolns. It's really devided into to seperate sets: 1909-1933 which I'll collecting primarily BN/RB, and 1934-1958 which I'm collecting mainly in PCGS 66RD. I now have all the ones that count in the 1934-1958 portion of the set, and they are almost all PQ. However, I'm thinking about selling all my post 34 coins so I can buy a upper mint state 1914-D. My rational behind this is that it's a whole lot easier to pick up $100 coins here and there than a 2-3K coin at once. I could easily, in time, build back the later date stuff. What do you think?

David

nwcs

I've been faced with this many times. Not so much for a coin, but as a matter of philosophy. I could sell all my morgan dollars have one really nice (vf or maybe xf) 1893S morgan, but then I'd have 1 coin and not dozens. Sure, it'd probably be a better strategy investment-wise, but then I'd lose some of the fun of the hobby. So what I've chosen to do is stick to the price levels I've chosen and ignore low-end junk and high priced (for me) coins. As Spock said, the needs of the many outweigh the needs of the few...

rainbowroosie

Keep the really nice post 34 coins, the ones that are difficult/PQ. Blow out the others and buy the gem coin....My philosophy(which has worked consistently) is "Junk for Gems."

supercoin

I don't understand why it's "easier to pick up $100 coins here and there" as opposed to one expensive coin, unless you mean it's easier because you don't need the $2000 immediately.

If that's what you mean, maybe consider just putting $100 away now and then instead until you have enough saved for the new coin. Seems like that would be more cost-efficient than selling a bunch of coins and re-buying them all again later. Especially since you've gone to the trouble of putting together a PQ set.

Of course, that might be kind of boring in the meantime, I guess.

UncleJoe

If the objective is to own both "sets" then keep what you have and save for the other.

It wouldn't make sense to me (though I can understand that there is excitement in putting together a set) to essentially trade one "set" for another when you have reached an objective and it is what you want. (Hope that makes sense.)

Joe.

TomB

Only you can answer this question for yourself and I believe you already know what you are going to do. Good luck.

LincolnCentMan

Tom,

Yah, I'm pretty sure I know what I'm going to do. It's nice to get the opinions of a few others too, though.

David

Merc

Hold on to the ones you have now since you are building a set. It takes time to find replacements you are happy with. Just stop buying coins now and save up or get a loan to buy the 1914-D.

RYK

I would always pick the one tough coin over the many easy. Once you buy one tough/expensive coin, there's a good chance that you will feel that you would rather wait for another one, than buy a bunch of easy ones!

rd5425

If I was you I would get rid of the post 34 coins and work on the ms 1914-d. The reason being is that post 34 coins do not have that much demand and will always be fairly easy to aquire in ms where as key date coins such as the 14-d will always appreicate in value and have a high demand especially in mint condition.

LincolnCentMan

...post 34 coins do not have that much demand...

Emm, not sure if I agree with that one. I think the market for them right now is pretty hot, particularly PCGS ones. I do agree that they are easier to find than many early rarities in MS, but as a whole, they can prove to be quite difficult in their own right.

David