Who out there realizes this may be the peak, but still have no intentions to sell?
Bustman
Posts: 1,911 ✭
With all these great coins and collections going up for auction, and in most cases, doing very well...I have been asking myself if I'm a bit being a bit irrational for not selling. My collector side has kicked in and won't let me sell them, while my business sense & commom sense tells me it's now or many years from now.
So who's holding, who's selling, and why?
So who's holding, who's selling, and why?
0
Comments
Rainbow Stars
I've had to readjust my own specialities in a big way in the last couple of years.
Or risk losing the customers who will make up my retirement. And that wouldn't be good.
MANY of the coins I sought for years and years and placed in collections have either been sold, are being sold, or we are talking about selling. Then re-positioning elsewhere.
I got a call yesterday from a guy who is just starting to buy what I was seriously into 10 years ago. He said that based on the information he's received, these coins should do well in the next 5 years. Imagine how he felt when I told him that the only way I would offer him those coins is if he puts in writing that he won't file any complaints or sue me in 5 years if he loses his butt in a big way.
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Though I always hope to make money whenever I dispose of a coin, my purchasing stradegy does not take this into consideration.
to sell) are the ones I've bought in the last year or two. So how much could they really have gone up.
I'm just sitting around waiting for the market to crash so I can buy more.
-Khayse
Jay
Luckily people aren't that smart and sometimes you just have to have money.
-KHayse
Rich
<< <i>I'm on the fence. I may cull my set, keep my favorites, and sell the rest. It's tough! >>
This is what I have done. I've sold off most/all of my Mediocre Mercs, and kept my favorites, along with my CBHDs, and a few select things I've recieved from peoples and that I like
42/92
I do carry a small amount of material for buying/selling purposes usually less than 5k, and If thier was a quick turn downward, I could blow them out fast, so the down risk would be minimal and the dollar amount minimal as well. I would however, slow down my buying and limit my buy rate on pieces for resale based on market conditions though!!
jim
After spending years assembling exactly the coins I want to own, it is impossible
to contemplate their sale. This is a case of my heart overcoming my brain perhaps,
but I will just have to ride out any downturn painful as that may be.
Camelot
<< <i>I do. I still have quite a long time to collect. If the market dropped 50% tomorrow, it would be a little scary, but it would allow me to buy twice as many coins or coins that were twice as good.
My sentiments exactly - but the problem is when that happens, the nice stuff mostly disappears as you and I ( and other collectors of nice coins) are not about to give the good stuff away
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
Newmismatist
I like the coins too much and don't need the money
I have a long term plan...sort of. What I'd like to do is continue to collect and enjoy through my wage earning years, then become a part time, small show dealer in my retirement years. In a way, I'm creating inventory that will be sold 15-20 years from now, so who cares what the market is this month?
Tom
If many more feel because of the bull market they can be a dealer, then the dealers may start to get hurt with the saturation (of dealers). But the well connected, and strong and long-lasted/experienced dealers should keep on truckin'.
I have bid and hit reserves that I thought were average to aggressive on some of the big rarities in the Richmond Collection, but I have already been outbid on MOST of them. ANd there is still over a WEEK to go before the floor! Prices look, to me, for key dates/rarities are still safe - to upward.
-----Lloyd
If the market crashes, I'll be happy because several coins I want are currently out of my price range.
Since I am not planning on selling, the current sale value of my collection is irrelevant.
If the market crashes, I'll be happy because several coins I want are currently out of my price range.
Since I am not planning on selling, the current sale value of my collection is irrelevant.
Very well said. If the prices of pre-1800 coins, particularly those with a small eagle reverse, were to fall by a significant percentage, I'd be finally, FINALLY adding those coins to my type set. (after wanting to own them for, oh, 30 years now)
Liberty: Parent of Science & Industry
littlejohn
KJ
In a year or so I plan on selling most everything but a few favorites. I'll have to watch the market, but for me, I'd rather sell and replace later at a better price.
Of course the trick is seeing the trends early on.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I am also selectively purchasing some choice collector grade 19th Century Type Coins with a value-oriented approach.
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
roadrunner
~~~~~~~~~~~~
Coin collecting is not a hobby, it's an obsession !
New Barber Purchases
It's been a very fortunate move for me so far.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff