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"Box of 20": could you do it?
RYK
Posts: 35,789 ✭✭✭✭✭
A tangent from another thread, someone suggested that I get down to 20 coins. Even excluding the 7070, various other misc and generally inexpensive stuff, I have serious doubt that I could possibly get my core collection down to 20 coins. How much trouble would it be for you? Do you already have twenty or fewer in your collection? I daresay, if it would be easy to get down to 20, maybe you should! Comments welcome.
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No. Really...
Although my good stuff is maybe 40 coins, my okay stuff is another 150 and my fun stuff is another 2000 or so...
and I don't think I could easily pick any of them to go.
I don't know how people sell these things. It's like thinking about selling the kids off...
Why step over the dollar to get to the cent? Because it's a 55DDO.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Think interesting.
It's not necessary to think "big money," however.
Think 20.
Yes.
I would keep my avatar since that was my first real coin. So that would be 2.
--Jerry
As such, I collect what I like/want.
While I have done some paring down of the "accumulation", I could not do a "20" only box.
Why would I want to, anyway, if I am enjoying the coins I do have?
I could see it, maybe, if I didn't enjoy the coins and/or I was just in it for some kind of profit, but it isn't realistic for me
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
and it sets us apart from practitioners and consultants. Gregor
Priceless fun I tell you, simply priceless.
Everyone collects their own way, but to my way of thinking, only having 20 coins is just impossible. I love coins, all of them, all types, from all dates, mints, and heck, even countries. When my son talked about studying Australia, I was able to produce a handful of old Australian coins, and several proof sets to give him some areas of 'interest' in his report.
Try that with a 20 coin collection!
In honor of the memory of Cpl. Michael E. Thompson
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Russ, NCNE
Actually, I think applying Jay (Brahin's) concept to your series of choice makes more sense -- so, depending on the series, you could have a "box of 18" for Saints, "Box of 44" for Morgans, etc. etc. -- depending on where you set the rarity threshold. This would also enable you to apply the concept to multiple series instead of just 20 coins in aggregate.
I have a friend who has a core collection of about 15 coins. Every one is a condition census rare date show-stopper. No one would deny that he is a collector, let alone a connoisseur of fine rare gold coins
designset
Treasury Seals Type Set
siliconvalleycoins.com
While you may feel that way, I do not know why the two concepts (small collection and investing) need be joined at the hip.
The concept for investment is fairly good, but dang, How boring would that be to a collector, or to a short term profit maker like me.
Too many positive BST transactions with too many members to list.
<< <i>What would be the purpose of setting an arbitrary limit of 20 coins? >>
Because that's how many slabs a PCGS box will hold.
Personally, I wouldn't want to limit myself to 20 coins. That's not my idea of "collecting".
<< <i>What would be the purpose of setting an arbitrary limit of 20 coins? >>
"Twenty" is arbitrary. Let's make it ten instead.
No, really, it's not about the number but the concept. Small, focused collection. Once you hit your max number, maybe you have to sell a coin to buy another.
<< <i>
<< <i>What would be the purpose of setting an arbitrary limit of 20 coins? >>
Because that's how many slabs a PCGS box will hold.
Personally, I wouldn't want to limit myself to 20 coins. That's not my idea of "collecting". >>
What I mean is why set any arbitrary limit?
Easier than picking just 20 IMO.
The key to any collection is the definition.
There is nothing wrong with a box of twenty, as long as you have defined in advance what your goal is.
You are unlikely to be successful by just saying I want to buy 20 coins that I like, because you will keep finding more coins that you like.
Another key to financial success is to reduce the # or transactions that are done. It would not be fiscally prudent to keep trading back and forth, unless you were on top of the market and had access to the wholesale and retail marketplaces easily.
Bottom line: Define your collection and go for it.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
My problem is that I'm a whoreder. I think about selling, then I move on.
No way, but I wish I could.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Raw coins, no way.
Liberty: Parent of Science & Industry
-David
The concept is what I intended my question to address. What purpose does the concept serve?
<< <i>A tangent from another thread, someone suggested that I get down to 20 coins. Even excluding the 7070, various other misc and generally inexpensive stuff, I have serious doubt that I could possibly get my core collection down to 20 coins. How much trouble would it be for you? Do you already have twenty or fewer in your collection? I daresay, if it would be easy to get down to 20, maybe you should! Comments welcome. >>
I believe this approach is more suited to an investor, not a collector.
My icon IS my coin. It is a gem 1949 FBL Franklin.
<< <i>Bottom line: Define your collection and go for it. >>
Good advice.
The name is LEE!
On the other hand, I think it would be a lot more impressive and fiscally rewarding to have put aside 20 high- grade original early type coins (flowing hair half, MS63 for example) instead of hundreds of commems, no matter how pretty they are.
Commems and Early Type
<< <i>-- "No, really, it's not about the number but the concept. Small, focused collection. Once you hit your max number, maybe you have to sell a coin to buy another." --
The concept is what I intended my question to address. What purpose does the concept serve? >>
Discipline.
Russ, NCNE
the cost of some coins, six figure ones, that is why the box of
twenty. Personally, I'd be lucky to get a box down to under 100.
Good thread.
NO...I could NOT fill a box of 20.
Russ, NCNE
Maybe, but discipline won't be served if the coins are churned. And there are better ways to discipline yourself than setting arbitrary limits.
"Self, if I had to get down to 20 coins, which twenty would they be, and how would I feel about it?"
If you can easily pick out twenty (or whatever number you choose), and do not feel bad about it, perhaps you have some coins that do not mean all that much to you.
As the collection stands now I only have 23 coins. I just sold a stack of coins over the last couple of months to make some purchases of Morgans for my set. I could do 20 right now but probably not in a couple of months from now.
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etexmike
An authorized PCGS dealer, and a contributor to the Red Book.