If you were going to sell off some coins?

What would you do? Sell a lot of the bulk like lets say a 100 or so coins of the $200 to $1000 range or 5 or 10 of the biger $$ coins from $5K to $10k and lets say up to $50k What would you do?

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<< <i>The place to market the coins depends on what you have to sell. Tom Reynolds would like to see a problem free Unc. Half or Large Cent, but if you showed him an MS 66 Morgan, he'd wonder why you brought it to him.. >>
No i'm not asking where to sell but if you if you were going to sell how would you sell off some of your coins. I miss spelled i do that from time to time. In a lot of the smaller priced coins or just 5 or 10 of the bigger priceed one's. Up to $50K
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If to get money selling I would sell larger value coins first to meet my goal.
If to trim down a collection I would sell the lower value coins first.
<< <i>Whats the goal of selling? Get money to buy something or just have too many coins now?
If to get money selling I would sell larger value coins first to meet my goal.
If to trim down a collection I would sell the lower value coins first. >>
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I use the box of 20 concept to act as a suplement to my collection. When I buy a widget, one must go out of the box.
<< <i>I would sell the ones I bought but don't really collect. >>
It sounds like the OP has decided to sell everything, and the question is merely about sequence. I guess.
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<< <i>
<< <i>The place to market the coins depends on what you have to sell. Tom Reynolds would like to see a problem free Unc. Half or Large Cent, but if you showed him an MS 66 Morgan, he'd wonder why you brought it to him.. >>
No i'm not asking where to sell but if you if you were going to sell how would you sell off some of your coins. I miss spelled i do that from time to time. In a lot of the smaller priced coins or just 5 or 10 of the bigger priceed one's. Up to $50K >>
Well, I think your tag line says it all.....I would keep the more valuable ones and sell off the less expensive ones. It will be harder for you on the front end, but it will make it easier for you down the road. The idea is to get to your box of 20, or 40, or 200, or whatever. I just did almost exactly this. I don't regret it as it served its purpose and I am already re-building, hopefully with a more calculating eye and a sharper focus.
Tom
Sell the lower priced stuff if you plan to keep collecting in the same area or specialization and want to keep your higher priced coins because they would be difficult to replace.
Sell the higher priced stuff and keep the lower priced stuff if you want to generate cash quickly or if you have grown uncomfortable with having large amounts of money tied up in single coins.
Sell everything and free yourself up to start a fresh collection in a new direction, or walk away from the hobby for a while and take care of other things.
Much depends on collecting goals and actual sets that I am working on or have completed. Sometimes, I sell a set after completing it to move on to the next thing.
One approach is to go through your collection, coin by coin, and ask yourself, "If I did not own this coin and it was being offered to me today to buy, would I buy it?" If the answer is "No", it probably is a coin to sell.
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One approach is to go through your collection, coin by coin, and ask yourself, "If I did not own this coin and it was being offered to me today to buy, would I buy it?" If the answer is "No", it probably is a coin to sell. >>
To a degree this situation depends on how much surplus cash that one had available. I'd buy a lot of what I have or rebuy what I've sold if money was no object.
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<< <i>
One approach is to go through your collection, coin by coin, and ask yourself, "If I did not own this coin and it was being offered to me today to buy, would I buy it?" If the answer is "No", it probably is a coin to sell. >>
To a degree this situation depends on how much surplus cash that one had available. I'd buy a lot of what I have or rebuy what I've sold if money was no object. >>
The premise of the thread is that the OP is selling coins and trying to decide which to sell and which to keep. I have offered one possible suggestion of how to do this.
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<< <i>
<< <i>
One approach is to go through your collection, coin by coin, and ask yourself, "If I did not own this coin and it was being offered to me today to buy, would I buy it?" If the answer is "No", it probably is a coin to sell. >>
To a degree this situation depends on how much surplus cash that one had available. I'd buy a lot of what I have or rebuy what I've sold if money was no object. >>
The premise of the thread is that the OP is selling coins and trying to decide which to sell and which to keep. I have offered one possible suggestion of how to do this. >>
Indeed you did sir.
<< <i>I have not considered selling my coins....
eBay would be a good place if you ever decide to sell.
<< <i>
One approach is to go through your collection, coin by coin, and ask yourself, "If I did not own this coin and it was being offered to me today to buy, would I buy it?" If the answer is "No", it probably is a coin to sell. >>
Did exactly that yesterday. Found a few
If you have not considered selling your coins, it means that either you have too much money, or you haven't been buying enough coins. Seriously.
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<< <i>I have not considered selling my coins..
If you have not considered selling your coins, it means that either you have too much money, or you haven't been buying enough coins. Seriously. >>
Some folks really don't have to sell.
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<< <i>Sell the stuff that was easy to buy (and hard to sell); keep the stuff that was hard to buy (and easy to sell). >>
This is THE best advise !!
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<< <i>I dont need to sell. But it's getting out of hand i have way to much stuff, I have time no big hurry just thinking.
You just answered your own question. Since you have "way to [sic] much stuff", sell the quantity and
keep the quality.
Jim
That is a good question. It would depend on how much time I had available to me. Right now I would sell as a lot. If I had extra time I would try to maximize my take.
Good Luck
Rob
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Why are you selling?
What is the price range between your low and high stuff?
These answers would change my answers.
At my first show in January of 1990, I shared with a friend from the coin club at the Greater Houston Show (who also had a lot of expertise) with a glass case I picked up brand new for around $60 plus a light for around $15. I had more than enough slabs to fill a case (generally you can display about 80 slabs in a 2x3 foot glass display case and stack as high as six slabs). I also bought a second case at the show. I think my total inventory investment was around $15 K. Later I added two more display cases and got a DBA certificate for the business plus a business bank account. Then at tax time I enjoyed the advantages Schedule C offers. I even bought some bourse trays for raw coins (four 28 coin trays fit in a case) and a typical 28 coin tray of mine at a show might have 4-5 world gold coins plus some other world coins in the $10-$100 range for retail customers. I eventually got in to both US and World currency. My friend from the club had done a number of shows and we had similar inventories which added synergy plus sharing an 8' table reduced the impact of bourse fees.
You will find out, if you don't already know, its a lot easier to buy coins than sell them. Everything I buy now I consider what I will sell it for. if it has much of a market, and how long can I expect to hold it. I have coins I held ten years before I got a decent return others just a matter of days. The most fun ones sold (for more) at the same show they were purchased.