Help: I need direction!

09sVDB

Over this holiday weekend I have been thinking about the direction of my collection. I have approxiamately 130 certified coins ranging from 1/2 cents to Morgans(no gold) including many keys. In addition to these I have a couple of thousand in raw stuff. The total value is in the 10's of thousands. I have become what I would consider bored with this stuff(been collecting for over 30 years.) What I was thing about doing was selling everything and investing the $$ in 10-15 carefully chosen coins. I do not have any additional monies to invest at this time, so I would be limitted to what I recieve for the current coins. I have a very reputtable dealer that would help me with this.
So, I guess what I am asking for is opinions on this. What would everyone do if they felt like this? Thanks in advance.
Wayne

kieferscoins

Sell the coins and buy nice Bust dollars.

That would be my choice.

Cameron Kiefer

ldhair

I feel most collectors get to this point at some time or another.

I think it's good to clean house and pick a new goal.
May I suggest that you not have a fire sale.

Sell in a manner to protect your current investment.
Use these funds to reach your new goal.

Just my flying cents worth

Shamika

Think back when you were a kid. What series did you dream about chasing but never thought you could afford?

THAT is the series you should go after (unless it was something like Early Dollars or the like).

DaveG

Sell your "stuff" over time and buy really nice coins with the proceeds.

tsacch

Go for it but just sell the raw stuff and let the certs ride in a vault somewhere for another five years............buy pop top coins of pre 64 era and pray for good times.

CarlWohlforth

If I felt like that I would think about the 10-15 coins I was going to buy. Then I would pick the one I wanted the most and start researching that. While doing that I would go through my current collection and make two piles. One pile is the "might want to have someday" pile, the other is the "I won't even miss this stuff at all" pile. Sell the second pile ASAP. Now, can you afford the special coin? If not look for more coins to sell.

That might sound like a pain, but you asked what I would do. I think it is fun to go through one's collection a few times.

DHeath

Sell away the stuff you like least gradually. No hurry. Look hard at what you don't want to sell. Sometime when you have a chance look up "box of 20" in the coin forum. A good friend (Zenny on the boards) came up with a beautiful solution to your quandry in that thread.

VicPortland

What grades are most of your coins? I was in a similar predicament some years ago (I didn't have quite as many as you, but they ranged from half cents to $20 Gold). The average grade was probably around MS60. I found that I was able to sell 3/4 of them and replace them with some very nice MS63 and MS64 coins in two or three series that I had always liked. You know, the old Quality vs Quantity thing. Now, I am down to 40 slabbed coins and am seriously considering selling some of the lower grades so I can get more of the higher grades. I am thinking I may eventually have only 20 or so coins, but they are all going to very choice (eye appealing) ones.

nwcs

Myself, I would sift through your coins and find the ones you absolutely want to keep. Then sift through the ones you didn't set aside and find the ones you might regret if you sold. After sifting through that, sell the ones that you didn't set aside and buy ones you want.

Baley

Wayne, If I were in your situation, I'd probably start by selling all of my 'extra' coins and paring my holdings down to my favorite 100 pieces. Then with the funds I would buy one or two "carefully chosen" coins-- "special" coins. If I liked how that felt (and a "special" coin can be exciting!) then I'd select maybe 50 of my most favorite coins that I still had, keep those, and sell all the rest, putting those funds into a few more "special" coins. Instead of an "all or nothing" approach, I'd just sell a few and buy one or two occasionally (because the coins you're now looking for are harder to find and cost more) when the opportunity arises. I would imagine coins would get interesting again, with a little turnover. I wouldn't stampede into gold at this point, but a few gold coins can really recharge your batteries. Good Luck! ~Dave

jdimmick

Good advice in this thread. It doesnt sound like your in a need of funds, so I agree dont Fire sale them. Start marketing them out through this dealer you mentioned, and other venues. While your doing this, you can dedcide what pieces intrest you that would be good to buy as long term keepers. Spend some time talking with others and learning other series. Several pieces are going to be high at intial purchase becuase of the market run up, but thier are still good buys for the right coins IMO> You might even be able to trade some of your current inventory against something new, and have a little leverage.

jim