If you were going to sell off some coins?

Type2 · October 29, 2013 4:18PM

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?

Elcontador · October 29, 2013 4:22PM

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..

Type2 · October 29, 2013 4:48PM

<< 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

CollectorAtWork · October 29, 2013 5:06PM

I would probably sell the smaller stuff first because I would likely want to keep the large items more. Basically, I'm saying keep the things you like the most, sell of what you are less interested in.

Placid · October 29, 2013 6:25PM

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.

CCC2010 · October 29, 2013 7:27PM

<< 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. >>

Nickcap · October 29, 2013 8:58PM

Sell the lower value coins. Then if you needed to replace a smaller one later, it would not be a huge investment.

Steve27 · October 29, 2013 9:14PM

It all depends on time-frame. If there was no time pressure, I would offer them here first, take a table at a local show, and/or consider an auction site.

s4ny · October 29, 2013 9:20PM

Sell lesser value first.

Barndog · October 29, 2013 9:25PM

having just done this, I sold off the nine "biggest" coins to achieve a targeted dollar value. The remaining hundred or so, I kept.

CoinRaritiesOnline · October 29, 2013 9:28PM

The best time to sell a coin is when someone wants to buy it. So whatever you have in that category, regardless of price point, is where I would begin.

crypto79 · October 29, 2013 10:14PM

I would sell the ones I bought but don't really collect. While it sounds obvious we all have coins that were impuls buys that don't fit our sets. If you are a mature enough collector to have decided on a focus than advice I can give is stick to it.

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.

CoinRaritiesOnline · October 29, 2013 10:18PM

<< 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.

TwoSides2aCoin · October 29, 2013 10:33PM

Sell what brings the most amount over your cost basis , as needed. If the need is liquidity, do it wisely.

TPRC · October 29, 2013 10:46PM

<< 

<< 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.

MidLifeCrisis · October 29, 2013 11:41PM

The answer depends on your reason for selling.

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.

TwoSides2aCoin · October 29, 2013 11:51PM

Mad money is not all that mad.

RYK · October 30, 2013 12:21AM

I am constantly selling coins that no longer interest me and adding coins that do.

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.

BAJJERFAN · October 30, 2013 12:53AM

<< 
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.

RYK · October 30, 2013 1:13AM

<< 

<< 
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.

BAJJERFAN · October 30, 2013 1:20AM

<< 

<< 

<< 
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.

ricko · October 30, 2013 2:52AM

I have not considered selling my coins....

Cheers, RickO

BAJJERFAN · October 30, 2013 3:00AM

<< I have not considered selling my coins....

Cheers, RickO >>

eBay would be a good place if you ever decide to sell.

Barndog · October 30, 2013 3:05AM

<< 

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

MrEureka · October 30, 2013 3:07AM

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.

ctf_error_coins · October 30, 2013 3:09AM

Sell the small stuff first, more work, but what you will have left will be nicer and easier to sell.

BAJJERFAN · October 30, 2013 3:25AM

<< 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.

Type2 · October 30, 2013 4:57AM

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.

RYK · October 30, 2013 5:20AM

Sell the stuff that was easy to buy (and hard to sell); keep the stuff that was hard to buy (and easy to sell).

Type2 · October 30, 2013 6:23AM

Ya i think you are right sell the common stuff and keep the hard to find stuff. I think i'll do that it won't take much maybe 40 or 50 coins will do it. Thanks all for your in put this will help.

coinsarefun · October 30, 2013 7:14AM

<< 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 !!

BAJJERFAN · October 30, 2013 7:52AM

Sell em all and start over. As one who started to sell off stuff, I find that I am more OCD about selling than I was about buying. Sometimes I have a little seller's remorse which soon goes away when I see that stack of Grants that I got in exchange.

CoinJunkie · October 30, 2013 8:41AM

<< 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.

crazyhounddog · October 30, 2013 9:32AM

This is a VERY good question since I'll be selling my entire collection very soon.

Cocoinut · October 30, 2013 9:54AM

Sell any duplicates first, keeping the best example of each. Then if there are specific series for which you no longer have much enthusiasm, sell those next, followed by "widgets" that can be found at any coin show. This should reduce the volume of your collection, and leave you with a manageable collection of your best coins.

Jim

TireKicker · October 30, 2013 10:07AM

Type2,

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

AMRC · October 30, 2013 10:22AM

It depends on a few things.

Why are you selling?
What is the price range between your low and high stuff?

These answers would change my answers.

Cougar1978 · October 30, 2013 10:35AM

Assuming you have enough material to fill a 2 x 3 ft display case (and its at least around $10 K total) why not take a table at a coin show, launching your coin business allowing you to take a Schedule C deduction? While at the show you can lock up your cases during slow periods and go around the bourse offering it to dealers if that suits your goal. However, its more fun to retail it to the public.

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.

If you were going to sell off some coins?

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