How far to stretch for the key date?
Wondo
Posts: 2,916 ✭✭✭
I just got notified that my dealer has a line on the key coin in the series I am collecting. 
I can only afford it if I do some heavy duty consolidating with the other coins which I currently own in the series. So, do I trade in ten somewhat replaceable coins and cash for the big kahuna?
What would you do if it were your series and the big gun came up?
I can only afford it if I do some heavy duty consolidating with the other coins which I currently own in the series. So, do I trade in ten somewhat replaceable coins and cash for the big kahuna?
What would you do if it were your series and the big gun came up?
Wondo
0
Comments
<< <i>I can only afford it if I do some heavy duty consolidating with the other coins which I currently own in the series. So, do I trade in ten somewhat replaceable coins and cash for the big kahuna? >>
I'd go for it if you're determined to complete the set, AND if you really like the eye appeal of the coin for the grade, AND if you could do it by selling other coins so it wouldn't break you.
In fact, I *have* done exactly that, about six weeks ago -- I sold a bunch of coins I wasn't very attached to in order to subsidize the acquisition of two major keys in the small cent series.
I'd close with this observation: If you like the eye appeal of this key coin AND it fits well with your collection AND you can sell a bunch of coins you're not that attached to in order to fund it AND you don't pull the trigger...in truth I'd have to question your commitment to completing the set.
Remember, it's only a coin. Plenty of priorities above that.
Now the more thoughtful answer: How many times each year does the key become available? Is it like the 16-D Merc dime in that there are always tons of them out there? Or is it like the 1875 eagle, which might become available once a year or two?
So what is it, already?
if you have coins that mean less to you than the key and are easier to replace,by all means get the key.
i had a chance about 2 months ago to pick one up that i need and didnt,been kicking myself ever since,that was a pop 18 coin in PCGS and NGC combined,mat be a while before i see another !
The coin is an 1882 Double Eagle with a mintage of 571 and a current estimated population of 15-20!
Damn the torpedos!!! Full speed ahead!
YOU GO Wondo
be willing to bet i aint never seen that much cash in 1 place !
******
<< <i>Thanks, folks.
The coin is an 1882 Double Eagle with a mintage of 571 and a current estimated population of 15-20!
*** thunk *** Oh, my. Here comes the big one...
And I thought I was hot stuff unloading 1999-S silver proof sets and Buffalo Dollars to get my XF-40 1877 IHC and AU-50 1914-D Lincoln...
Seriously, though, I see the dilemma. This isn't constantly available, regardless of price, like my *koff* "keys" were. This is truly a once-in-a-God-knows-how-long opportunity with that population out there, and if you can pull it off by selling "re-obtainable coins" you can pick up later one at a time for amounts that won't wipe you out...and if you are determined to finish this set...the time may be now provided you don't get badly screwed in trade.
How 'bout 1885 or 1886? Got those yet? Or am I raining on the parade by mentioning them?
<< <i>How 'bout 1885 or 1886? Got those yet? Or am I raining on the parade by mentioning them? >>
Got the 1885 but not the 1886 or 1881 or 1891.
I figure my type III's are at least a five-year project; I'm trying to obtain desireable coins that always have solid trade value. I cannot control actual prices. Here is my registry set:
Wondo's $20 Type III
The 1882 coin is actually from across the street. I haven't figured out whether I'll try to cross it or not.