If you are going to pay big premiums for color...
291fifth
Posts: 24,461 ✭✭✭✭✭
...you had better stay active in that market. If a coin like that ends up in your estate and walks through the door of the local coin store...30% under bid is what they will get...if they are very lucky.
The same thing goes for paying premiums for varieties.
The same thing goes for paying premiums for varieties.
All glory is fleeting.
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<< <i>...you had better stay active in that market. If a coin like that ends up in your estate and walks through the door of the local coin store...30% under bid is what they will get...if they are very lucky.
The same thing goes for paying premiums for varieties. >>
Do you still have your core collection and just stop buying or did you sell off your coins?
If I may ask, what series DID YOU collect before you stopped?
Yeah, hopefully we can all leave some "instructions" for how to handle things....but honestly, since we'll all be gone and we're just holding these coins for a brief period in their history, I'm not too worried. All the more reason to pony up the premiums now so you can enjoy while you're still breathing.
<< <i>If you are going to pay big premiums for color... >>
pay big attention to gradeflation.
ricko, I respect your opinion but I think you're off on this one. Generally those paying premiums for toning AREN'T trying to flip quickly....unless it's a well-established tone dealer that pays a preimum when buying from Joe Collector and then flips for a substantially higher premium because the dealer has the ability to reach a much larger audience though a website/connections. When I pay moon money for a monster toned coin, it's always because I love the coin and plan to keep it for years and years. In every case where I've done this, years later if I do sell, I've always AT LEAST gotten my money back....but usually I've made a good profit. And even better, when it comes time to sell, there are usually a number of eager buyers because the coin stands out.
<< <i>291fifth, the tone of your post and your tag line seem to match perfectly in this case.
Yeah, hopefully we can all leave some "instructions" for how to handle things....but honestly, since we'll all be gone and we're just holding these coins for a brief period in their history, I'm not too worried. All the more reason to pony up the premiums now so you can enjoy while you're still breathing. >>
I agree.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
In honor of the memory of Cpl. Michael E. Thompson
HRH and others have noted that the "toning craze" that the detractors refer to has been going on for a long time. Prices are going up, and have continued to since i showed up here and discovered toned beauties. Sorta got sidetracked from the variety field. I noted that each gorgeously toned coin is unique. The same could not be said for what I was collecting. So, I dumped my complete Peace set, every coin of which looked alike (never had noticed that before), and started trying find the real beauts. Lots of competition out there.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>...you had better stay active in that market. If a coin like that ends up in your estate and walks through the door of the local coin store...30% under bid is what they will get...if they are very lucky. >>
Thanks for the advice.
<< <i>
<< <i>...you had better stay active in that market. If a coin like that ends up in your estate and walks through the door of the local coin store...30% under bid is what they will get...if they are very lucky.
The same thing goes for paying premiums for varieties. >>
Do you still have your core collection and just stop buying or did you sell off your coins?
If I may ask, what series DID YOU collect before you stopped? >>
My only active collection is Numismatic Publisher Medals, of which I probably have 250-300 different. This collection, which has very little value aside from the silver value in many of the medals, couldn't be reassembled today since it contains dozens of rarities that are virtually never offered. Hardly anyone collects or cares about these medals, which is fine with me.
I have collected many, many US and some foreign series, both coins and paper money, over the past 46 years but have sold nearly all of it off in recent years. I doubt I will be buying any more US coins or paper money.
<< <i>
<< <i>
<< <i>...you had better stay active in that market. If a coin like that ends up in your estate and walks through the door of the local coin store...30% under bid is what they will get...if they are very lucky.
The same thing goes for paying premiums for varieties. >>
Do you still have your core collection and just stop buying or did you sell off your coins?
If I may ask, what series DID YOU collect before you stopped? >>
My only active collection is Numismatic Publisher Medals, of which I probably have 250-300 different. This collection, which has very little value aside from the silver value in many of the medals, couldn't be reassembled today since it contains dozens of rarities that are virtually never offered. Hardly anyone collects or cares about these medals, which is fine with me.
I have collected many, many US and some foreign series, both coins and paper money, over the past 46 years but have sold nearly all of it off in recent years. I doubt I will be buying any more US coins or paper money. >>
I wish I had back some of the coins I sold off......do you?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>
<< <i>
<< <i>
<< <i>...you had better stay active in that market. If a coin like that ends up in your estate and walks through the door of the local coin store...30% under bid is what they will get...if they are very lucky.
The same thing goes for paying premiums for varieties. >>
Do you still have your core collection and just stop buying or did you sell off your coins?
If I may ask, what series DID YOU collect before you stopped? >>
My only active collection is Numismatic Publisher Medals, of which I probably have 250-300 different. This collection, which has very little value aside from the silver value in many of the medals, couldn't be reassembled today since it contains dozens of rarities that are virtually never offered. Hardly anyone collects or cares about these medals, which is fine with me.
I have collected many, many US and some foreign series, both coins and paper money, over the past 46 years but have sold nearly all of it off in recent years. I doubt I will be buying any more US coins or paper money. >>
I wish I had back some of the coins I sold off......do you? >>
Not at this stage in my life. The fun was in the hunt. Once I had them, the appeal always seemed to slip away.
<< <i>It's funny, unless our collections are pulled at face value from pocket change, it means that all of us are paying a premium for money. Therefore, we should all have provisions in place for the education of those who might eventually inherit our collections in the event that they are not liquidated by ourselves. >>
Very few of our heirs could care less. Therefore it's even more important to leave specific instructions and WHO to call when we do pass or become unable to do anything.
Unfortunatly it's become more difficult to refer
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>My only active collection is Numismatic Publisher Medals, of which I probably have 250-300 different. >>
This must be a wonderful collection 291fifth.
If you ever get to taking pics of your collection I would love to see them.