1916 Standing Liberty Quarter: Sell or Hold?
Tonelover
Posts: 1,554 ✭
A friend of a friend of a friend of mine bought a 1916 NGC AU-55 SLQ a few years ago for $4,500 which could now be sold for around $11,000. He loves the series and the coin, but $11K would look really good sitting in his bank account.
The date has had a super run over the past year and a half, the likes of which are not always easy to come by in the coin market. One could easily opine that it is overvalued at this point. His biggest concern is that even if it pulls back a few thousand dollars he would still have trouble affording another one in the same grade. But again, $11K is a nice chunk of change.
What would you do?
The date has had a super run over the past year and a half, the likes of which are not always easy to come by in the coin market. One could easily opine that it is overvalued at this point. His biggest concern is that even if it pulls back a few thousand dollars he would still have trouble affording another one in the same grade. But again, $11K is a nice chunk of change.
What would you do?
0
Comments
Liberty: Parent of Science & Industry
Sure it might well go up, but he's made his profit. If he has use for the money, sell, and leave some slop in the trough for the next hog.
Here's a warning parable for coin collectors...
Have a Great day!
Louis
Cameron Kiefer
<< <i>really difficult question to answer without knowing the context of the coin with regards to the rest of the collection, and the goals of the collector. >>
Well, he enjoys owning neat coins and he likes making a profit. But he would want to own the date in AU-55, no higher or lower (I just made that part up to make this difficult) . How's that?
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"No Good Deed Goes Unpunished!"
"If it don't make $"
"It don't make cents""
The 1916 SLQ always seems to be available in pretty much all grades. If it's the flagship of the guy's collection, I can understand holding onto it. Otherwise, I'd take the $ and run. There are always neat coins that are available; for me the issue is always price.
Using this principle, I unloaded a few Morgan $s because they were up quite a bit in price over what I paid for them. Very few coins " have my name on them." If they're up quite a bit, I sell.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>Sure it might well go up, but he's made his profit. If he has use for the money, sell, and leave some slop in the trough for the next hog. >>
I couldn't agree more with the good doctor
Last year I sold two AU 1916 SLQ's (PCGS AU53FH & PCGS AU58FH) which I purchased years ago. Made a tidy profit on both, and with the proceeds bought another 1916 SLQ in PCGS 63FH. I then reinvested the difference in other things for for collection.
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Coin collecting is not a hobby, it's an obsession !
New Barber Purchases
As DPoole said:
<< <i>"No one ever went broke making a profit." >>
However, this is not a good time
to lock in profits from well performing assets or from coins you need in your collection to put the
money in the bank. Negative interest rates will chew this money up in time.
If he comes to believe that taking the proitf is the right move then at least put it into an investment
like the stock market or real estate. Even other coins for his collection would be a good place to put
it if is investment needs are already taken care of.
Sell it and start collecting Barber Quarters ?
Stewart
Why not trade it towards some quarters that are far rarer than the 1916 yet multiples rarer with a good chance to outperform it:
1842-0 SD, 1851-0, 1852-0, 1860-s, 1864-s, 1871-s, 1872-s are just a few. Or pick some nice Barber quarters like Stuart recommended, those are still largely unappreciated, esp. the "O" and "S" mint pieces. Finding some of the semi-key dates in XF/AU will be tough, but at 1/10th or less the price of a 1916, they are many times rarer with untapped potential. Leave the 1901-s to the set collectors. A nice 1901-0 in XF/AU is a great coin though. Even key date MS63-MS66 Morgans and Peace Dollars have barely budged in years. Type coins included. There are lots of good opportunities out there. I think key dates have had a nice run but unless you need that 1916 for a set, I'd be looking for greener pastures to sew.
SELL!
roadrunner
If I had it my way, stupidity would be painful!
Bernard,how did you make all that money in the stock market ?
I sold too soon !
He was also very close to Winston Churchill,a notoriously poor stock picker,everything that Winston bought Bernard sold short !
Keep it.
Steve
Possibly most popular 20th century quarter. They aint making anymore, and they are going up for a reason. Most quarter collectors think the 1916 SLQ is the King. I have two. Sold one I wish I had held. if you need the money, that's another issue.