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Quantity vs Quality
Robgetty
Posts: 1,112
in Q & A Forum
David,
I'm curious what your opinion is on buying lower grade coins to complete a set versus only buying a few higher grade coins and never being able to finish. I received advice from a large coin firm that I should sell off most of my cheaper coins and focus on a smaller number of more expensive coins. While I conceed that the higher graded keys in my set have gone up in value at a faster rate than the cheaper coins, I guess I am more of a collector at heart than an investor. Any thoughts?
Rob
I'm curious what your opinion is on buying lower grade coins to complete a set versus only buying a few higher grade coins and never being able to finish. I received advice from a large coin firm that I should sell off most of my cheaper coins and focus on a smaller number of more expensive coins. While I conceed that the higher graded keys in my set have gone up in value at a faster rate than the cheaper coins, I guess I am more of a collector at heart than an investor. Any thoughts?
Rob
Robert Getty - Lifetime project to complete the finest collection of 1872 dated coins.
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The answer depends upon your priorities. If completing your collection is your highest priority then buying lower grades makes sense. Between 1985 and 1997, I put together an extensive set of 1948 to 1957 sportscards. I would buy whatever grade I could find to complete a set. i then would upgrade wherever and whenever possible. it was a lot of fun and I ended up making a little money too.
Thanks,
David