Hypothetical: Collectors, you have the opportunity to sell all of your coins and buy them back...

RYK

Collectors, you have the opportunity to sell all of your coins to a third party at fair market value (somewhat nebulously defined by recent Heritage auction prices realized), and twenty-four hours, you can buy back as many of the coins you want at the same price that you have just sold them. Do you take the deal, and if so, what percent of the coins (or value of the collection) do you buy back? Of course, you can take the cash and walk away.

I would definitely take the deal, and of sixty or so coins in my gold coin collection, there are ten I would not buy back.

tjkillian

I would buy back probably 80% of them, both in dollars and in quantity.

Tom

Shamika

Considering it's a zero risk opportunity to purge you collection of a few unwanted coins, absolutely!

MrSpud

I'm confused by the question. Why not just sell the ones you want to sell and keep the ones you would have bought back?

mirabela

I'd buy back around two thirds I guess.

Regulated

Why not just selll the coins you don't like, then?

Fairlaneman

Would anyone in their right mind offer a deal like this to a collector ? No dealer would. It would open the person up to receive every dog that was in the collection.

The answer....damn betcha bub ! Everyone owns a coin or two that were mistakes in their opinion.

Ken

Shamika

<< <i> Would anyone in their right mind offer a deal like this to a collector ? No dealer would. It would open the person up to receive every dog that was in the collection. >>


Exactly!!!

Russ

I would sell them if I could buy them back at 50%. BTW, how many times can I do this deal?

Russ, NCNE

RedTiger

<< <i>I'm confused by the question. Why not just sell the ones you want to sell and keep the ones you would have bought back? >>



In hypotheticals [and the World Series contest] you don't have to pay the juice. (Or take the pictures, pack up the coins, hope for a good price instead of bluesheet...)

Only a person who has all premo coins that trade for well above what they typically go for on Heritage et al, would not want the deal.

100proof1957

Russ,

isnt that the way you normally do it ?

dwssws

since I have already purged my collection I would say I would buy back all of them because I like where my collection is at the moment

Myqqy

I would also probably buy back about 80% of the collection, and use the other 20% value to add a few keepers.....

roadrunner

This applies to 99% of all collectors and dealers. I only like to keep winners with excellent potential. Unfortunately everyone has some coins they wished they hadn't bought (every dealer too). I can pick out at least 5-10 pieces I'd just assume not have.

then again, one of those was a coin I sold for $14K last August and 3 months later it was cross/upgraded and put to auction for $35K. So even our own opinions of what is a winner can be jaded.

roadrunner

MrEureka

Why not just selll the coins you don't like, then?

Because that offer is not on the table in the current scenario.

More to the point, in the non-hypothetical world, many people hold onto unwanted coins because they find the selling process unpleasant.

MORGANHUNTER2

I agree with Mr. Lustig on this one.

Longacre

What about a sale-leaseback?