The more you buy up, the higher the price becomes. When comes time to sell, you can only sell in drips and drabs, or you will depress the market.
.
Always. Works great with a plan. Been there, done that many, many times.
The key to selling a hoard is to sell it very slowly
Seems like it borders on unethical behavior. If you are sitting on a hoard (specifically, a previously unknown population of coins thought to be "rare" or "scarce") and you are selling them one by one, feeding into a market that thinks they are rarer than you personally known them to be, don't you think you are being just a little disingenuous?
I guess it would be different if there are known populations and they just happen to fall into one man's hands.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
The more you buy up, the higher the price becomes. When comes time to sell, you can only sell in drips and drabs, or you will depress the market.
.
Always. Works great with a plan. Been there, done that many, many times.
The key to selling a hoard is to sell it very slowly
The key is to retail it, quickly and quietly, and to keep buying until you're sold out. Not a viable plan for a collector, but it can work very well for a dealer.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
This is exactly why the 1904-S Barber Half is still considered the key of the series. An original BU roll was found when only a few Uncs were known. The dealer who bought them sold them carefully and maximized his profit.
The more you buy up, the higher the price becomes. When comes time to sell, you can only sell in drips and drabs, or you will depress the market.
.
Always. Works great with a plan. Been there, done that many, many times.
The key to selling a hoard is to sell it very slowly
Seems like it borders on unethical behavior. If you are sitting on a hoard (specifically, a previously unknown population of coins thought to be "rare" or "scarce") and you are selling them one by one, feeding into a market that thinks they are rarer than you personally known them to be, don't you think you are being just a little disingenuous?
I guess it would be different if there are known populations and they just happen to fall into one man's hands.
@ricko said:
Interesting idea.... Why not just invent the next hot item... Then you would control the market, and with a patent, collect royalties etc.. That way you have control right from the beginning. Cheers, RickO
Precisely what "Nakamoto" did with Bitcoin. And I'll bet he's still laughing...
@RYK said:
I am strongly considering it, just for the fun of it. Of course, I will not tell you what it is until I have most of them.
You could consider 1854-D in AU55-58, 1861-D gold dollars, 1838-C half eagles, and maybe 1855-D gold dollar. Maybe a1847-D half eagle in AU58 and better. One of the most common in grades below AU55, but rare in any grade above. Might be a sleeper if you could snatch up the remaining quality coins.
@RYK said:
I am strongly considering it, just for the fun of it. Of course, I will not tell you what it is until I have most of them.
You could consider 1854-D in AU55-58, 1861-D gold dollars, 1838-C half eagles, and maybe 1855-D gold dollar. Maybe a1847-D half eagle in AU58 and better. One of the most common in grades below AU55, but rare in any grade above. Might be a sleeper if you could snatch up the remaining quality coins.
It takes a lot of money to buy just ONE coin on that list. I don't have the 1861-D gold dollar or the 1847-D half eagle. I have examples of the others, and the combined cost would buy a very nice automobile. You have have to be Hanson or someone like that to corner the market on those coins.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Why go for the whole run? Is holding one or two very nice examples (hostage) in a heavily collected series and scarce registry stopper grades, weather your primary collection or not, and let every one else tie up their money in the rest of the pieces a thing people do? Just time an exit that works for you not have to structure an exit and the main players would scarf them up.
I have always thought the 1934-S Peace Dollar a good issue to bulk up on. But that mode operation not my cup of tea. More of one Six PAC of beer & bottle Jim Beam Whiskey vs basement wine vault.
@ricko said:
Interesting idea.... Why not just invent the next hot item... Then you would control the market, and with a patent, collect royalties etc.. That way you have control right from the beginning. Cheers, RickO
Precisely what "Nakamoto" did with Bitcoin. And I'll bet he's still laughing...
Is he the one who lost the hard drive containing his bitcoin folder and is still trying to find the hard drive by searching the dumpsters?
What about buying up all of the 1950 proof set. Use all unattractive coins as change and gradually auction off the remaining
I think life is too short and I should not be the cause for (more) heartache and sleepless nights to my fellow collectors ...
This is an example of a hoarder who cornered the market on 1794 half dollars. Doubled the price, after he died they were dumped on the market in a few auctions, prices fell about 50%. I bought some at less than half of previous PR's. Hoarding of rare dates is never good:
@ARCO said:
PCGS has graded just two XF40 1910 Barber halves. I own them both. Sure, you can buy a XF45, VF35, AU50, 53, 55, 58...etc, graded by PCGS, but if you want a PCGS XF40 you have to have one made, or buy one of mine.
Tyler
As of today, about 17 yrs later there are 13 of that coin and grade.
Regarding “rising prices,” if there is a small population over the course of several years the coin is going to be in high demand anyway, and I don’t foresee you owning the other exemplars having much effect. Keep in mind, that I assumed we were talking about coins with a handful or so of available pieces.
My dog Buddy did extensive research on the elusive Churchill Crown and tried to examine every coin minted. In his will, he divested his holdings to me and Jack Jackson. Here is an image of his finest example.
Comments
Always. Works great with a plan. Been there, done that many, many times.
The key to selling a hoard is to sell it very slowly
We both misspelled "sixteen."
peacockcoins
What, no mention of 1844 dimes and 1794 halves?
Seems like it borders on unethical behavior. If you are sitting on a hoard (specifically, a previously unknown population of coins thought to be "rare" or "scarce") and you are selling them one by one, feeding into a market that thinks they are rarer than you personally known them to be, don't you think you are being just a little disingenuous?
I guess it would be different if there are known populations and they just happen to fall into one man's hands.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
The key is to retail it, quickly and quietly, and to keep buying until you're sold out. Not a viable plan for a collector, but it can work very well for a dealer.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
The discussion of the 1794 halves coming to market is here: https://forums.collectors.com/discussion/984567/lots-of-1794-half-dollars-on-the-market
Pacific Northwest Numismatic Association
This is exactly why the 1904-S Barber Half is still considered the key of the series. An original BU roll was found when only a few Uncs were known. The dealer who bought them sold them carefully and maximized his profit.
Seeing this is a 16 year old thread can you still "Corner" the market with "Round" coins?
"When they can't find anything wrong with you, they create it!"
Yes.
I just now bought a coin specifically because of this thread
Precisely what "Nakamoto" did with Bitcoin. And I'll bet he's still laughing...
You could consider 1854-D in AU55-58, 1861-D gold dollars, 1838-C half eagles, and maybe 1855-D gold dollar. Maybe a1847-D half eagle in AU58 and better. One of the most common in grades below AU55, but rare in any grade above. Might be a sleeper if you could snatch up the remaining quality coins.
Overland Trail Collection Showcase
Dahlonega Type Set-2008 PCGS Best Exhibited Set
Now I know what NOT to collect.
In return, the fish supply the anemone with scrap as well as its droppings, which nourish the poisonous polyp.
5 th grade grad....Meanning ?
It takes a lot of money to buy just ONE coin on that list. I don't have the 1861-D gold dollar or the 1847-D half eagle. I have examples of the others, and the combined cost would buy a very nice automobile. You have have to be Hanson or someone like that to corner the market on those coins.
Simply put:
Yes, I have and I tried, unsuccessfully.
BHNC #203
Why go for the whole run? Is holding one or two very nice examples (hostage) in a heavily collected series and scarce registry stopper grades, weather your primary collection or not, and let every one else tie up their money in the rest of the pieces a thing people do? Just time an exit that works for you not have to structure an exit and the main players would scarf them up.
I have always thought the 1934-S Peace Dollar a good issue to bulk up on. But that mode operation not my cup of tea. More of one Six PAC of beer & bottle Jim Beam Whiskey vs basement wine vault.
You can literally right click on the word and look up its definition
BHNC #248 … 130 and counting.
Is he the one who lost the hard drive containing his bitcoin folder and is still trying to find the hard drive by searching the dumpsters?
What about buying up all of the 1950 proof set. Use all unattractive coins as change and gradually auction off the remaining
I think life is too short and I should not be the cause for (more) heartache and sleepless nights to my fellow collectors ...
I did not know that! Just highlight the word then R click and the browser will open a new window.
Thanks.
This is an example of a hoarder who cornered the market on 1794 half dollars. Doubled the price, after he died they were dumped on the market in a few auctions, prices fell about 50%. I bought some at less than half of previous PR's. Hoarding of rare dates is never good:
https://forums.collectors.com/discussion/984567/lots-of-1794-half-dollars-on-the-market
As of today, about 17 yrs later there are 13 of that coin and grade.
Chance favors the prepared mind.
Regarding “rising prices,” if there is a small population over the course of several years the coin is going to be in high demand anyway, and I don’t foresee you owning the other exemplars having much effect. Keep in mind, that I assumed we were talking about coins with a handful or so of available pieces.
My dog Buddy did extensive research on the elusive Churchill Crown and tried to examine every coin minted. In his will, he divested his holdings to me and Jack Jackson. Here is an image of his finest example.
The numismatically-correct terminology is coinering the market.