Or you could do like TDN did. He sold his wonderful Seated Dollar set. I would assume some or all of those proceeds helped to pay for the 1794 $ sp66. Then a few years later he bought back his seated dollar set at "nice" prices. He ended up with both. Funny how things sometimes work out.
If I thought that I could replace the 20; I MIGHT consider doing it but, if I felt that I couldn't replace them or couldn't replace them at a sane price, then I wouldn't.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
Based on your self-admitted habit of buying, holding for short periods of time (less than ~3 years) and selling, I would advise against this trade. If you were to get bored with this coin, it would probably be a tough sell and you may have to take a sizeable loss. Of course, since we don't know the specifics of the coins involved, it's hard for us to say for certain.
I have been selling for a while to pay off a grail coin. Some big sacrifices were made, but nothing I miss terribly. Looking back, I might have waited for a slightly lower grade, but I am confident my decision was a good one.
All coins kept in bank vaults. PCGS Registries Box of 20 SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Faced a situation like this several years ago. Gave it lots of thought but in the end decided I was too "emotionally" involved in the collection. You have a real dilemma and only you can make the choice. Lots of good ideas and thoughts on this thread but ultimately it is your decision that you'll live with; so take your time and decide wisely. Of course, an old adage "when in doubt -- don't" may apply here. Whatever your decision please share with us.
Looking for CU $1 FRN 05232016 - any series or block. Please PM Looking for CU $1 FRN 20160523 - any series or block. Please PM
Yes and I'm in the process of doing this myself albeit in another collecting arena. The transaction will be compete July 9. I'll let you know if I have regrets. The 25 items range from $500 to 20k with most falling in the middle.
Mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I would only sell if the one coin gave me greater satisaction to own than the 20. I have what i consider "common date" coins that I consider irreplaceable.
Why not sort through everything you have and unload some of the ones that you really don't care for even if it's many and put that towards the one you want? Most people have some coins that they truly do not enjoy, that money is better used towards one gem that you'll treasure.
Generally speaking, yes, but that all depends on how "irreplaceable" the 20 less expensive coins are.
Roadrunner makes a good point, however:
<< <i>Yes. As long as that big dog is a pretty liquid coin with a good track record of not going down in price over the past 20-35 years.
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. >>
I need specifics for my opinion. I just traded 5 coins and some cash for 2 coins and I am very happy ! But my coins I traded , I can go on Ebay anytime to replace as long as I have the funds available.
No, I would not make the trade. No matter how wonderful the ONE coin is, at some point you would need to take a break from admiring it. If you had 19 other great coins to enjoy, the time spent with your collection would be more fun. That said, if you do take this step let me have a shot to buy a couple of the 20...
Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
If I had 100 or more nice coins, I might be able to find 20 that I would give up for a centerpiece rarity. If I had 30-40 nice coins, then I probably would not consider it.
I prefer coins of legal release that are rare by virtue of manufacture. The more improbable it's existence, the less the likely many others can exist. I would make the trade.
The only way I can view this issue is how the purchase/trade will affect future ROI.
I'm not a collector, but my daughter's coin trust is geared towards a timely disposition and disbursement plan. 20% cash-out of value minimum per year, executor's judgment for more (including all) in any year.
Let's say it's $250K. If I have a couple of $50K items, dispersal may prove messy in a sluggish market. If you have $50K or $5MM it's the same.
The OP tends towards pretty cool coins, many of interest to specialists. At lower price levels, shuffling less expensive coins in and out of such a holding is easier than a big chunk. Opportunity costs? Marginal utility of a "slush fund" of lower value coins to trade and or buy/sell? Picture an anaconda that just swallowed a crocodile. That's a lotta digestion before even a snack can be absorbed.
On the other hand, Mr. B is surely a pathological collector of range and talent . . . And a good deal younger than I. . . .
However.... Don't do it . . .
And please tell us when the deal is consummated . . . . . . . . . . .
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
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...
:-) >>
This,
I asked someone who I respect once if they would trade 10 2k value Saints for one 20k saint....he coached no, his analogy was ...
If you have a home valued at say 200k and that's what 90% of folks can afford to buy and you build a home that cost a million, what do you have? A 200k home. Unless you want to wait for the 10% of folks to come and want the house your buried in.
The point was clear
I'm betting a dealer would love to flip the 20 coins you have while your money sits on the sidelines holding that trophy that will need large marketing to ever get out of.
<< <i>....I asked someone who I respect once if they would trade 10 2k value Saints for one 20k saint....he coached no, his analogy was ...
If you have a home valued at say 200k and that's what 90% of folks can afford to buy and you build a home that cost a million, what do you have? A 200k home. Unless you want to wait for the 10% of folks to come and want the house your buried in.
The point was clear
I'm betting a dealer would love to flip the 20 coins you have while your money sits on the sidelines holding that trophy that will need large marketing to ever get out of. >>
In the real world it has truly been the mega-coin that has been outperforming the general market for the past 5-20 years. Same comment for the mega-homes in the right locations. Those have been escalating sharply in value the last 5 years. The $1 MILL homes tend to be clumped with other $1 MILL homes. It's not like you'd willingly trade 5 cheaper $200K homes for the only home worth more (ie $1 MILL) in a modest neighborhood.
The 10 Saints analogy has it's own issues since those are anchored to the gold price with each of them holding >$1,000 in gold. It's more a gold trade than a coin trade. It really comes down to what the mega-coin is and where it stands in the pops. Some $20K Saints are probably strong values right now. And it also comes down to where and what the real estate is you are considering trading. In my area, you'd gladly find 20 homeowners willing to get out of their $200K homes and as a consortium go out and purchase a high flyer for $4 MILL in a growing and top notch and exclusive location.
<< <i>I'm not a collector, but my daughter's coin trust is geared towards a timely disposition and disbursement plan. 20% cash-out of value minimum per year, executor's judgment for more (including all) in any year. >>
ColonelJessup, Is she single & more attractive then you're in drag
To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
I thought I would amend my prior answer to give those that contemplate such a deal something to think about...
Before making such a trade, look at the surviving population of the coins that you are trading and how those examples you own stack up against what exists. While a pop report is a sterile analysis and collectors should recognize that not all coins within a grade are created equal, there is still something to be said for owning the best within a grading tier even though it may not be the finest known. The finest example just may not be the highest graded example... And that is noteworthy for those that appreciate coins.
Over time, certain coins have a way of emerging as being tougher to get than what was previously thought. Further, certain are overlooked or under appreciated because quality for the grade examples are so few and far between. So the point of all of this is not as complicated or confusing as it may sound... don't be too quick to trade 20 quality for the grade examples that in their individual standing maybe far more difficult to obtain than what was previously thought.
Hopefully this is clear and gives those in this position something to contemplate
Experience the World through Numismatics...it's more than you can imagine.
Not a 20 for 1, but I sometimes do regret passing on a 2 for 1 trade...
Back in the late 1970s I had a chance to trade my VF 1801 and EF-1815 halves for my choice of either a F 1796 or F 1797 half straight across. At the time replacement value for my two halves would have put me slightly behind on the swap (as I recall, less than a couple of hundred dollars) so I didn't do it. Today that same swap would net me about 50K in value. And the 1796...1797 half is STILL the only hole in my half dollar set.
Just because I'm old doesn't mean I don't love to look at a pretty bust.
Comments
Coin Rarities Online
Yes.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
If I thought that I could replace the 20; I MIGHT consider doing it but, if I felt that I couldn't replace them or couldn't replace them at a sane price, then I wouldn't.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
in the collection.
You have a real dilemma and only you can make the choice. Lots of good ideas and thoughts on this thread but ultimately
it is your decision that you'll live with; so take your time and decide wisely. Of course, an old adage "when in doubt -- don't" may apply here.
Whatever your decision please share with us.
Looking for CU $1 FRN 20160523 - any series or block. Please PM
Retired
Mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Tyler
Why not sort through everything you have and unload some of the ones that you really don't care for even if it's many and put that towards the one you want?
Most people have some coins that they truly do not enjoy, that money is better used towards one gem that you'll treasure.
Roadrunner makes a good point, however:
<< <i>Yes. As long as that big dog is a pretty liquid coin with a good track record of not going down in price over the past 20-35 years.
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. >>
No matter how wonderful the ONE coin is, at some point you would need to take a break from admiring it. If you had 19 other great coins to enjoy, the time spent with your collection would be more fun.
That said, if you do take this step let me have a shot to buy a couple of the 20...
A hoard or shipwreck discovery might destroy the value. There is
safety in the 20 coins.
Just like diversification in the stock market. You might have picked one
stock and picked General Motors, Kodak, or US Steel.
The more improbable it's existence, the less the likely many others can exist.
I would make the trade.
I'm not a collector, but my daughter's coin trust is geared towards a timely disposition and disbursement plan. 20% cash-out of value minimum per year, executor's judgment for more (including all) in any year.
Let's say it's $250K. If I have a couple of $50K items, dispersal may prove messy in a sluggish market. If you have $50K or $5MM it's the same.
The OP tends towards pretty cool coins, many of interest to specialists. At lower price levels, shuffling less expensive coins in and out of such a holding is easier than a big chunk. Opportunity costs? Marginal utility of a "slush fund" of lower value coins to trade and or buy/sell?
Picture an anaconda that just swallowed a crocodile. That's a lotta digestion before even a snack can be absorbed.
On the other hand, Mr. B is surely a pathological collector of range and talent . . .
However.... Don't do it . . .
And please tell us when the deal is consummated . . . .
<< <i>Hi Brian
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...
:-) >>
This,
I asked someone who I respect once if they would trade 10 2k value Saints for one 20k saint....he coached no, his analogy was ...
If you have a home valued at say 200k and that's what 90% of folks can afford to buy and you build a home that cost a million, what do you have? A 200k home. Unless you want to wait for the 10% of folks to come and want the house your buried in.
The point was clear
I'm betting a dealer would love to flip the 20 coins you have while your money sits on the sidelines holding that trophy that will need large marketing to ever get out of.
<< <i>....I asked someone who I respect once if they would trade 10 2k value Saints for one 20k saint....he coached no, his analogy was ...
If you have a home valued at say 200k and that's what 90% of folks can afford to buy and you build a home that cost a million, what do you have? A 200k home. Unless you want to wait for the 10% of folks to come and want the house your buried in.
The point was clear
I'm betting a dealer would love to flip the 20 coins you have while your money sits on the sidelines holding that trophy that will need large marketing to ever get out of. >>
In the real world it has truly been the mega-coin that has been outperforming the general market for the past 5-20 years. Same comment for the mega-homes in the right locations. Those have been escalating sharply in value the last 5 years. The $1 MILL homes tend to be clumped with other $1 MILL homes. It's not like you'd willingly trade 5 cheaper $200K homes for the only home worth more (ie $1 MILL) in a modest neighborhood.
The 10 Saints analogy has it's own issues since those are anchored to the gold price with each of them holding >$1,000 in gold. It's more a gold trade than a coin trade. It really comes down to what the mega-coin is and where it stands in the pops. Some $20K Saints are probably strong values right now. And it also comes down to where and what the real estate is you are considering trading. In my area, you'd gladly find 20 homeowners willing to get out of their $200K homes and as a consortium go out and purchase a high flyer for $4 MILL in a growing and top notch and exclusive location.
<< <i>I'm not a collector, but my daughter's coin trust is geared towards a timely disposition and disbursement plan. 20% cash-out of value minimum per year, executor's judgment for more (including all) in any year. >>
ColonelJessup, Is she single & more attractive then you're in drag
I thought I'd have major sellers remorse after doing so but never did and now off the top of my head can only recall 1 coin which was sold.
<< <i>ColonelJessup, Is she single & more attractive then you're in drag
I've never seen her in drag, so I can't say...... . . .
<< <i>It would depend on the coins and their relationship to my current and future collecting goals. >>
this
Liberty: Parent of Science & Industry
<< <i>
<< <i>ColonelJessup, Is she single & more attractive then you're in drag
I've never seen her in drag, so I can't say...... . . .
Broadstruck, you've seen CJ in drag? What dealers will do to make a living......
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Before making such a trade, look at the surviving population of the coins that you are trading and how those examples you own stack up against what exists. While a pop report is a sterile analysis and collectors should recognize that not all coins within a grade are created equal, there is still something to be said for owning the best within a grading tier even though it may not be the finest known. The finest example just may not be the highest graded example... And that is noteworthy for those that appreciate coins.
Over time, certain coins have a way of emerging as being tougher to get than what was previously thought. Further, certain are overlooked or under appreciated because quality for the grade examples are so few and far between. So the point of all of this is not as complicated or confusing as it may sound... don't be too quick to trade 20 quality for the grade examples that in their individual standing maybe far more difficult to obtain than what was previously thought.
Hopefully this is clear and gives those in this position something to contemplate
Experience the World through Numismatics...it's more than you can imagine.
<< <i>
<< <i>
<< <i>ColonelJessup, Is she single & more attractive then you're in drag
I've never seen her in drag, so I can't say...... . . .
Broadstruck, you've seen CJ in drag? What dealers will do to make a living......
ColonelJessup, Too funny!
Sonorandesertrat, I only saw a photo and thankfully it was for raising money for YN's not for keeping up with the Kardashians
Back in the late 1970s I had a chance to trade my VF 1801 and EF-1815 halves for my choice of either a F 1796 or F 1797 half straight across. At the time replacement value for my two halves would have put me slightly behind on the swap (as I recall, less than a couple of hundred dollars) so I didn't do it. Today that same swap would net me about 50K in value. And the 1796...1797 half is STILL the only hole in my half dollar set.
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
<< <i>
<< <i>
<< <i>
<< <i>ColonelJessup, Is she single & more attractive then you're in drag
I've never seen her in drag, so I can't say...... . . .
Broadstruck, you've seen CJ in drag? What dealers will do to make a living......
ColonelJessup, Too funny!
Sonorandesertrat, I only saw a photo and thankfully it was for raising money for YN's not for keeping up with the Kardashians
What a relief, Broadstruck. I was about to ask what YOU were doing when CJ was in drag.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Latin American Collection
Nearly irreplaceable = replaceable.