Do you keep coins you would not buy now if you had the opportunity?
RYK
Posts: 35,797 ✭✭✭✭✭
Background below (from another thread),
Here are some reasons that I would not sell a coin that I would not buy again if I had the opportunity:
1. A suitable replacement is nowhere to be found.
2. I will take an unacceptable loss. This is a specious argument--I know.
3. The coin is higher in grade than I need. I have learned over time while I think I am okay with the lower grade choice, I grow into the higher grade and more expensive coin.
4. Favorite and ill-favored coins in my collection cycle. At various points in time, I like coins A, B, and C and care little for coins X, Y, and Z. Six months later, this might be reversed.
5. I'm stubborn.
From another thread:
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.
Regulated: Why not just sell the coins you don't like, then?
Here are some reasons that I would not sell a coin that I would not buy again if I had the opportunity:
1. A suitable replacement is nowhere to be found.
2. I will take an unacceptable loss. This is a specious argument--I know.
3. The coin is higher in grade than I need. I have learned over time while I think I am okay with the lower grade choice, I grow into the higher grade and more expensive coin.
4. Favorite and ill-favored coins in my collection cycle. At various points in time, I like coins A, B, and C and care little for coins X, Y, and Z. Six months later, this might be reversed.
5. I'm stubborn.
From another thread:
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.
Regulated: Why not just sell the coins you don't like, then?
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Comments
<< <i>5. I'm stubborn >>
yes due to the reason above
but the ones I am keeping that I would not buy now have been cut down to a very few
myCCset
Russ, NCNE
I'm trying to get to this level, but finding it difficult......
I'm trying to get to this level, but finding it difficult......
I have found that this is somewhat a moving target, particularly for someone like me who has periods where I become unfocused. What seems to fit nicely with the collection now, might not seem so right ten coins from now.
TorinoCobra71
of the coins i do have ....mostly i have one of each...some dups i havn't sold yet.