Anguishing over keeping or selling a piece.

coinpictures

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goose3

I had a similar "problem" at the ANA show and explained it briefly to Mark Feld.

His response..."Do you Love that coin?"

Mine "No"


His.... "THEN SELL IT!!!!"

Barndog

I sell a special coin when I get an upgrade and find a collector who will buy and keep it.

LincolnCentMan

You should sell it. The profit will only last a little while, but the regret will endour for years. Does that help?

David

airplanenut

I try not to let money influence my collection... the coins I've had that I could make the most on are the ones I like the most. If I had sold them when offers came in, I'd have more money, but a collection I like a whole lot less.

RYK

I have learned that whenever I seriously consider selling a coin, I always end up doing so within a short period of time. This is especially true for coins that do not fit into the "core collection." If I were you in this case, price/value considering aside, I expect that the coin would be sold within three months.

vega1

Does it make you happy? Or will you always look at it and spend more time wondering about its value and whether it will stay or go than enjoying it as a part of your collection?

Not the same thing at all, but how about this..... I enjoyed collecting Silver proof sets as a secondary collection (my core collection and primary love is a US silver type set). I just liked having all the sets in order (I started in 1998) and enjoyed adding to it every year, etc. But once the price run-up started I started to obsess about them in a different way. Every time I looked at them I found myself afraid they would start to tone, spot, that I would find a flaw, that somehow they would lose their value. pretty soon I realised that I didn't enjoy them any more, and that I was far more worried about their value and whether it would go up or down than the joy of collecting them. So, earlier this year I sold them off as a set (1999-2005) and used the money to buy a MS Trade Dollar for my type set.

For me, problem solved. I got a new coin for my core collection, and my worries about their value are gone.

Don't know if this helps at all.

coinpictures

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IrishMike

I've never been it for the money, but I can see why folks do sell when they either need the money or happen into a situation like yours. If you are still young, I'd hold onto to it as I think you will later regret it in life. I've spent enough time in my chosen profession chasing bucks, coin collecting gives me the opportunity to enjoy a hobby and reap some of the benefit of chasing the buck.

michael

sell it!!!!!!!!!!!!! it is a replaceable coin and withn ncs fooling with it the coin will turn in time

also you never lose money taking a profit.....................

then you can put away your inital investment in the coin along with 100 dollars more and take yourself and your family out for a nice coin dinner

you got the balance left which is free and so you can now go after a coin that is special and also buying something thsat has not been run up and a value opportunity coin

i am sure therer is something out there for you and then you are in this coin for free

coins are always replaceable

profits and the opportunity to take them when the market is hot hot is usually NOT

onthespot

sell it then turn around and treat yourself to a TOTALLY CHERRY coin you have been lusting after. win win.

coinpictures

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topstuf

How long do you expect the Russian economy to continue going gangbusters?

USCGCraig

I would jump out if the coin's value is based soley on the Russian market. Way to fickle for me. You then can get something really nice that you know will hold it's value such as the 1877 IHC you mentioned. You, and your heirs, can't go wron with that coin while the Russina piece, albeit a beautiful old proof, may be harder to sell.

AlixTCat

<< <i>Thanks for the opinions thus far.

I love the coin. It's been a "front page" coin for my coin gallery web site for several years.
>>



Are you over your bandwidth alotment for the month? Your site is not coming up for me.

(Interested in seeing what all the fuss is about in this coin!)

Jonathan

coinpictures

Sorry, up now... unexpected server outage.

Keep in mind, pictures are pre-NCS.

Shamika

I suspect you conscience is trying to come to terms with what your subconscience has already decided. It's time to sell.

morgannut2

It's only a conserved 62, I presume with hairlines, etc. Sell and buy a Gem proof

michael

sell it coin boi...........................................................

LALASD4

If you even thought about selling it, you should sell it.

jmj3esq

I won the lottery on a little Kennedy half the other day. Im faced with the same problem. I woould like to keep this gem, but I think selling it and puting the proceeds towards my core collection would be better. I have yet to decide. Have fun with your decision. I am!!

Frankcoins

A truly rare, high quality coin that you like should be part of your permanent collection.

Frankcoins

<< <i> This is especially true for coins that do not fit into the "core collection." >>



My "core collection" is defined as anything I found interesting enough to buy.

XpipedreamR

<< <i>But part of me doesn't want to sell the piece. It would easily be the most valuable coin in my collection, by a multiple of 3 or more, and make a lovely centerpiece for the collection. >>





If you don't absolutely love the coin, take the money and run. Buy a new centerpiece that you do love.