What is your coin "batting average" ?

COALPORTER

I just got done reviewing my collection from a profit, or value, point of view. I could probably resell 3% of coins for a nice 80-100% profit , about 85% of coins would lose , but close to break-even, like 5 or 10% down, and about 10% of coins would be a big hit to sell- they would lose at least 50% or more. On a dollar basis, I would lose about 30% if I sold everything. This is assuming selling right now to a dealer. Being able to sell for full retail or PCGS price guide would be another case.

Now, ironically the coins that would be BIG loses are the higher end type coins +$2000. quality coins you really need to reach and pay up for. The problem, I think, is they are quality, but not quality enough. They are generic type coins, but not top pops, but still nice examples.

The coins that have done the best are MS65 or better and sell for under $500 . Cheaper coins like common PCGS Morgans and Merc. dimes. Coins that I bought more or less in bulk to save on sales tax and shipping.

kranky

Going through this now. I'm losing money on 85% of about 30 coins, but might end up close to break-even in dollars when it's all said and done. One coin in the current Heritage auction will tell the tale.

[edit] these are slabbed collector coins. Not including any bullion.

scottgardener

I estimate a 10% to 20% loss on the majority of my smaller-value coins, simply because they are too new to overtake the ask/bid spread and retail markups. On my higher value coins, one I estimate has doubled in value--an MS65 Saint I bought three years ago. I made a major up-trade a few months ago and another one just yesterday. I took about a 20-25% loss on some from the more recent trade, simply because the coins were let go too early--I would not have sold them, except that this was too good and rare an opportunity. (Actually, when I do the math, I took that loss only on one coin. Two others I broke even and one came out ahead--but, it was also a double eagle from three years ago, so it should have come out ahead.) With the first trade, I mostly broke even in terms of money spent versus credit back and applied towards the up-trade.

SUMORADA

over all........I have no idea..!

LindeDad

Most of the Modern dollars and Halves will probably take a loss on as that market seems to have the most declines. I have alrady sold some of my TOP POP for the profit so the commons tend not fair as well.
Most of my classic stuff I should break even on with the increase in silver helping out as I got a lot of my AU Morgan’s when it was about half what it is now. But I have went over book on a lot of the Seated halves so they even out but the halves will be the last coins I will part with and may go to the kids.
Most of my gold will sell for at least 50% profit just because I have had it long enough and it is all graded MS/PR69 or MS/PR70.

RedTiger

If I were selling today, the coins bought near bullion value would be positive, in most cases multiples of what I paid. Same with the many generic Morgans because of the recent telemarketer promotion. The worst would be low cost raw coins or tokens. Overall I'm way ahead money-wise because of the increase in bullion prices, and because of the flipping of some U. S. mint products such as the 2006 eagle sets.

Most of the numismatic collector coins have done relatively poorly. A good many have seen price increases, but because of typical retail/wholesale spreads, would barely net any profit. I figure a raw collector coin with a retail valued of $50 might wholesale for $30 or $25 if a collection is being bought. That means even if it has doubled on the price guides, it is just better than break even if I paid retail and am selling wholesale.

edix2001

Judge Smails: Ty, what did you shoot today?
Ty Webb: Oh, Judge, I don't keep score.
Judge Smails: Then how do you measure yourself with other golfers?
Ty Webb: By height.

chumley

we,re supposed to track this?

jmcu12

Overall I am even- really! Its true, when I take into consideration travel, tax, etc I am about even.

But lately I am losing badly. I have made a few decisions that are marginal- but it comes with the territory and I am moving onto my next purchase!

Bear

Overall, I have lost money. It was not that the coins were not quality coins,

but i had to sell too soon. Laura said it best, big dollar coins need the factor

of time to accrue value. 5 years is just not enough time. Lower priced coins seem to do

better in the short run.

Any way, in my new Estate Collection, I am trying to get everything right.

TPRC

I'm surprised at the responses. I would say my batting average is high. I sell off my bad decisions and coins I am no longer interested in and I've made some money on these overall. As for my keepers, I'm way ahead.

bidask

coins are like stocks when taking a loss.....its not a big deal.....same when making a gain too

fiveNdime

<< <i>Lower priced coins seem to do
better in the short run. >>




thats what the majority of my collection consists of.


the education here has kept my average high, almost as much as the increase in silver has
not too many homeruns, but several triples with a few steals for a run.

Steve27

Due to the increase in silver/gold/platinum, overall my collection has more than doubled. That includes a bunch of losers, which are primarily PCGS slabbed moderns.

MsMorrisine

low right now.

I'm spending a boatload on grading fees trying to score a 70 on the first spouse series even after taking my loupe to the sales counters to pick over their inventory.

I swear they have to roll dice to assign grades as I've sent in some primo flawless spouses that have come back 69s.

I just hope gold keeps going up so I can recoup some of my recent losses.

renman95

<< <i>Due to the increase in silver/gold/platinum, overall my collection has more than doubled. That includes a bunch of losers, which are primarily PCGS slabbed moderns. >>



Tru dat!

The only collection where I'm upside down is my 7070 only because I tried to get some nicely toned coins. I got burnt on a couple of AT's but I still like the coins and there still in the album.