Would you sell 20 really nice coins for 1 great coin?
Boosibri
Posts: 12,210 ✭✭✭✭✭
I theoretically have this opportunity. What would you do? The 20 are very tough and nearly irreplaceable. The one is irreplaceable.
0
Comments
I think I would like 20 nearly irreplaceable coins more than 1 irreplaceable one.
Every ones situation and likes are different though.
<< <i>Maybe. Based upon reading your words carefully, I'd say no.
I think I would like 20 nearly irreplaceable coins more than 1 irreplaceable one.
Every ones situation and likes are different though. >>
+1
Andrew Blinkiewicz-Heritage
Most athletes would trade 20 silver and bronze medals for one gold medal.
starting point of a new focus, it may be worth it. It would also hinge on my emotional attachment
to the coins I'd have to give up.
Hoard the keys.
<< <i>Most athletes would trade 20 silver and bronze medals for one gold medal. >>
Great Point.
<< <i>I sort of believe in sets and synergy. So, if the one irreplaceable coin is destined to become the
starting point of a new focus, it may be worth it. It would also hinge on my emotional attachment
to the coins I'd have to give up. >>
This.
A mistake (not in your favor) in pricing the big dog could be a healthy hit....wiping out all the years and gains of those other 20 coins. Over the next 5 years I'd be looking at coins that will hold their value...whether it be the 20 or the 1.
Funny you should choose those specific numbers. The answer for me is a definite 'yes', since I have done exactly that. Several years ago I was offered a stunning 1853-O No Arrows Liberty Seated half dime in a PCGS AU-55 OGH holder. That is one of the keys to the series, and this coin was as nice as any I had seen, before or since, comparing favorably with more than a few mint state examples. It was a lot of money for me at the time, so I offered to trade a small but nice collection of twenty-eight (28) choice AU Liberty Seated quarters, all chosen for their eye appeal. The dealer was a specialist in quality Liberty Seated material, and he wasted little time agreeing to the trade. I have had a few people ask me over the years if I was crazy to swap 28 beautiful quarters for just one little half dime, but when they see the half dime they understand why I did it. It all depends upon what gives you the 'fire in the belly', and for me it was that half dime.
Depends...
#10 $10 coins for a $100.coin yes
#10 $100 coins for $1,000 coin yes
#10 1,000 coins for a $10,000 coin maybe
#10 10,000 coins for qa $100,000 coin No...
:-)
LM-ANA3242-CSNS308-MSNS226-ICTA
In honor of the memory of Cpl. Michael E. Thompson
For me it would depend a little on the specifics. I wouldn't sell the 20 at a loss to get the one at a strong price.
<< <i>Most athletes would trade 20 silver and bronze medals for one gold medal. >>
Would you as a football player rather appear in 20 Super Bowls without a win or win one, but never make it past the first round of the playoffs the other 19 years? In the latter one your win would always be viewed as a fluke.
<< <i>
<< <i>Most athletes would trade 20 silver and bronze medals for one gold medal. >>
Would you as a football player rather appear in 20 Super Bowls without a win or win one, but never make it past the first round of the playoffs the other 19 years? In the latter one your win would always be viewed as a fluke. >>
wonder what Fran Tarkenton or Jim Kelly would have to say?
Over the years of collecting various things I have always been one to trade up with things.
I would trade 2 $5 coins for 1 $10 coin. Not as likely to made the reverse trade for example.
<< <i>
<< <i>Most athletes would trade 20 silver and bronze medals for one gold medal. >>
Would you as a football player rather appear in 20 Super Bowls without a win or win one, but never make it past the first round of the playoffs the other 19 years? In the latter one your win would always be viewed as a fluke. >>
I would take the win. That is also a team effort. If this individual coin is the gold medal winner, trade in the others and be remembered as the king rather than the first person to lose. (Second place) Of course, I don't have the slightest clue what he is considering and what he is trading.
Reasoning being if say you have 20 $1,000 coins vs this big 20k coin:
After you get the big one you will slowly start to buy back (or find other) $1,000 coins of similar quality over time.
Not making the trade could mean missing the opportunity that may never come again.
----
<< <i>Presuming this is a "once in a lifetime" chance at getting the big coin you want (say pop 1 or exceptionally rare) I would seriously consider it.
Reasoning being if say you have 20 $1,000 coins vs this big 20k coin:
After you get the big one you will slowly start to buy back (or find other) $1,000 coins of similar quality over time.
Not making the trade could mean missing the opportunity that may never come again.
---- >>
I don't think it's as simple as 20 $1K coins for 1 $20K coin.
So no I would not.
You could always sell a few of the 20 coins if need be a little bit down the road. I would not rush in on a trade
Most of the time I look back and wonder why I made a trade when the money amount would not have killed me.
Even if the 1 coin is pretty pricey I would still not trade up front. If the deal is that great the 20 coins could be sold down the road
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
I don't mind having the capital tied up in one coin.....but if I were building a series and sold off 20 irreplaceable coins---what would I do then?? I'd have 20 holes where special coins used to be. I would never do that.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
starting point of a new focus, it may be worth it. It would also hinge on my emotional attachment
to the coins I'd have to give up.
Agreed, more or less, but I have a few questions:
Are the 20 coins and the 1 coin part of the same collection?
Would the 1 coin be the start of a new collection?
Would you continue with the collection from which the 20 coins will be purged?
And can't you get a second mortgage on your house??????
FWIW, and assuming that everything is priced realistically, I would not abandon a favorite "collection in progress" for a stand-alone trophy coin.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
as collectors, we do this all the time. for example:
if you collect dimes and you spend $2 on a nice dime, that would be 20 "ok" dimes for 1 "nice" one. ;-)
on the other hand, the more expensive the coin, the harder it is to sell later. isn't that true?
it's a hard call to make, for sure. i recently sold 12 coins for 1. i don't regret it at all. each coin was 2000 (give or take) and the coin purchased was over 20K. some of those coins i sold i really did not want to part with, but i decided that i had enjoyed them very much and it was time to move on. besides, i can't own them all!
nice topic!
Great transactions with oih82w8, JasonGaming, Moose1913.
That translates to our love of the chase. If you have all the coins in a series you deeply enjoy collecting the chase is over. So what are you going to do then? New series? Upgrades?
This will give you a coin to keep forever and start the chase again, running down the ones you sold or making this situation the opportunity for upgrades.
Great transactions with oih82w8, JasonGaming, Moose1913.
Have you spent the time learning the market youare jumping into?
Are you pushing ahead into this market or did an opportunity just pop up?
Personally every time I change gears I'm deathly afraid of forgetting that one little detail that could sink the ship.
<< <i>
<< <i>
<< <i>Most athletes would trade 20 silver and bronze medals for one gold medal. >>
Would you as a football player rather appear in 20 Super Bowls without a win or win one, but never make it past the first round of the playoffs the other 19 years? In the latter one your win would always be viewed as a fluke. >>
wonder what Fran Tarkenton or Jim Kelly would have to say? >>
We don't know how the choice of the OP compares in relation to the gold vs silver/bronze medal situation. For those sports that give out gold, silver or bronze medals there is oftentimes very little difference in times [hundreths of a second] or other measurables between 1st and 3rd place. Perhaps the SB wasn't the best example, but since I offered it up, I'd rather have 20 great years rather than 1 really great year and 19 ho hum ones, but that's me. YMMV!
Not asking... just sayin' it depends
Experience the World through Numismatics...it's more than you can imagine.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution