Actually having something significant stolen leaves a person feeling incredibly violated. Regardless of how much you might like the idea, the reality is pretty ugly.
Insurance payouts & police reports aren’t as straightforward as they seem either.
@lkenefic said:
No. No possible way to replace a piece of individual family history and I couldn't begin to put a price tag on it... This coin and change purse was found in my grandmother's effects after she passed away in 1973. My family came to this country in 1845 to escape famine in Ireland...
The hypothetical above: "If someone would buy your whole collection for it's actual current value, would you sell and start allover?"
"Someone". "Whole collection".
Sure, but in the ongoing discussion of hypotheticals and what-ifs that go on for endless discussions, I pointed out that for any collector at this moment in time, they should be constantly evaluating their collection. Are there pieces they WISH would be stolen? YIKES, if so, correction is needed. And IF SO, then that takes incremental progress. Just like the creation of the collection in the first place.
Again, I don't think any collector who's halfway happy with their collection would want their collection stolen.
The OP didn't help matters by asking a separate question in the middle.
And apparently, I didn't help by responding to a comment by someone other than the OP.
Now we're arguing about the parameters and specifics of hypothetical questions?
This is an odd title for a thread. It should probably read something to the effect of, are your coins replaceable? I would get mad if anything of mine got stolen. However, the coins/currency that I collect are one of a kind items. It takes me ages to find the things that I’m looking for. The money doesn’t replace the coin. I’m sure that someone here for instance has an amazing 1919-D Walker that can’t be replaced at any price.
The hypothetical above: "If someone would buy your whole collection for it's actual current value, would you sell and start allover?"
"Someone". "Whole collection".
Sure, but in the ongoing discussion of hypotheticals and what-ifs that go on for endless discussions, I pointed out that for any collector at this moment in time, they should be constantly evaluating their collection. Are there pieces they WISH would be stolen? YIKES, if so, correction is needed. And IF SO, then that takes incremental progress. Just like the creation of the collection in the first place.
Again, I don't think any collector who's halfway happy with their collection would want their collection stolen.
The OP didn't help matters by asking a separate question in the middle.
And apparently, I didn't help by responding to a comment by someone other than the OP.
Now we're arguing about the parameters and specifics of hypothetical questions?
@Russell12 said:
Thar is a lot of "no's". How about if I rephrase the question as: "If someone would buy your whole collection for it actual current value, would you sell and start allover?
Heck no - now might retail the whole thing to some rich customer but would be marked up real good (my cost, plus opex - time and materials lol - or MV plus premium at least). I don’t work for free.
@Russell12 said:
Thar is a lot of "no's". How about if I rephrase the question as: "If someone would buy your whole collection for it actual current value, would you sell and start allover?
Heck no - now might retail the whole thing to some rich customer but would be marked up real good (my cost, plus opex - time and materials lol - or MV plus premium at least). I don’t work for free.
Your inventory isn't your "collection". Smh...
All comments reflect the opinion of the author, even when irrefutably accurate.
@Russell12 said:
Thar is a lot of "no's". How about if I rephrase the question as: "If someone would buy your whole collection for it's actual current value, would you sell and start allover?
To answer that question, it would depend on what I thought I would have a chance to buy in the coming few years. And at this specific point in time, considering what’s on the horizon, I’d be a seller of some significant parts of my collection, but I wouldn’t sell everything.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
@Cougar1978 said:
Your kidding - Whether collection or inventory it’s an investment. I don’t invest to lose money.
No. I'm serious. The question is getting at people's emotional attachment to the coins. Your answer is that you would be happy to have them stolen as long as they were over-insured.
All comments reflect the opinion of the author, even when irrefutably accurate.
That could be a nightmare for someone with significant holdings of OGH, Gold CAC, Rattlers, NGC Black, thinly traded coins, or any other coin with significant value not expressed by guides or price reference.
Think of the challenge to recoup the true value of a common coin in a Gen 1 Rattler or NGC Black.....
Collector of Original Early Gold with beginnings in Proof Morgan collecting.
@Cougar1978 said:
Your kidding - Whether collection or inventory it’s an investment. I don’t invest to lose money.
No. I'm serious. The question is getting at people's emotional attachment to the coins. Your answer is that you would be happy to have them stolen as long as they were over-insured.
You dont know what you’re talking about and that suggestion sounds (robbery of one’s coins) insane. The people coming to steal maybe coming to kill too (no witnesses). No I don’t want them stolen lol. Who are you to say what somebody wants rofl. Many of my items top pop, tough to find, often only one in bourse room. Lots of research, beating other bidders, work goes, into that. Not bullion junk. Making up somebody’s answer - grabbing for straws, uncool.
Furthermore any insurance claim on coins - good luck in getting it all.
@Cougar1978 said:
Your kidding - Whether collection or inventory it’s an investment. I don’t invest to lose money.
No. I'm serious. The question is getting at people's emotional attachment to the coins. Your answer is that you would be happy to have them stolen as long as they were over-insured.
You dont know what you’re talking about and that suggestion sounds (robbery of one’s coins) insane. The people coming to steal maybe coming to kill too (no witnesses). No I don’t want them stolen lol. Who are you to say what somebody wants rofl. Many of my items top pop, tough to find, often only one in bourse room. Lots of research, work goes into that. Not bullion junk. Making up somebody’s answer - grabbing for straws, uncool.
Furthermore any insurance claim on coins - good luck in getting it all.
Which is what you could have, should have, said the first time. Instead, you said you needed full retail from a rich customer.
All comments reflect the opinion of the author, even when irrefutably accurate.
I'm trying to come up with some way to express how completely inane this post is without my response getting me banned for life. Unfortunately any words below a PG-13 level escape me
It wouldn't bother me too much and I would have fun buying more. Currently my "collection" collection is 5 coins and 2 or 3 may be going soon. I really want to add a 67/+ Buffalo they are fire with the right colors.
@lsica said:
I'm trying to come up with some way to express how completely inane this post is without my response getting me banned for life. Unfortunately any words below a PG-13 level escape me
@lsica said:
I'm trying to come up with some way to express how completely inane this post is without my response getting me banned for life. Unfortunately any words below a PG-13 level escape me
Its beyond a few others as well
Sorry but IMHO its insensitive and even insulting to anyone who has ever actually been robbed or had anything of any value stolen from them
If I wanted my collection gone I'd sell it. If I didn't want or need the money for it I'd give it away. But to even suggest anyone would want anything of theirs just taken away without their knowledge or permission is just...well...
@MasonG said:
By focusing on the 'theft' angle, I think a lot of people are missing the point of OP's post.
Then he shouldn't have included the word "stolen" in his title.
Maybe not, but that doesn't change the fact that people are still missing the point of the question. He even changed the question later on in the thread, with the only thing in common between the two questions was that you would get 100% of current market value for your coins. That might be a clue there, if you ask me.
@MasonG said:
By focusing on the 'theft' angle, I think a lot of people are missing the point of OP's post.
Then he shouldn't have included the word "stolen" in his title.
Maybe not, but that doesn't change the fact that people are still missing the point of the question. He even changed the question later on in the thread, with the only thing in common between the two questions was that you would get 100% of current market value for your coins. That might be a clue there, if you ask me.
He could have changed the original title if he felt it didn't express what he meant. He did not.
@MasonG said:
By focusing on the 'theft' angle, I think a lot of people are missing the point of OP's post.
Then he shouldn't have included the word "stolen" in his title.
Maybe not, but that doesn't change the fact that people are still missing the point of the question. He even changed the question later on in the thread, with the only thing in common between the two questions was that you would get 100% of current market value for your coins. That might be a clue there, if you ask me.
He could have changed the original title if he felt it didn't express what he meant. He did not.
He wouldn't be the only one who doesn't edit.
I'm sure he wasn't trying to trigger anyone with the theft. The fundamental question is would you sell everything at full value and start over?
All comments reflect the opinion of the author, even when irrefutably accurate.
@MasonG said:
By focusing on the 'theft' angle, I think a lot of people are missing the point of OP's post.
Then he shouldn't have included the word "stolen" in his title.
Maybe not, but that doesn't change the fact that people are still missing the point of the question. He even changed the question later on in the thread, with the only thing in common between the two questions was that you would get 100% of current market value for your coins. That might be a clue there, if you ask me.
He could have changed the original title if he felt it didn't express what he meant. He did not.
He wouldn't be the only one who doesn't edit.
I'm sure her want trying to trigger able with the theft. The fundamental question is would you sell everything at full value and start over?
If that is the question then it depends on why I sold it. Because I needed the cash? Well then obviously not for at least a while. If it was because I wanted to start collecting something other than coins (see my sig )then again of course no. But if it was because I saw a coin or coins I just had to have but had no other way to get them then sure. Actually BTDT. But none of those scenarios involve WANTING my collection to be STOLEN. Biiiiiiiiiiiig difference.
@MasonG said:
By focusing on the 'theft' angle, I think a lot of people are missing the point of OP's post.
Then he shouldn't have included the word "stolen" in his title.
Maybe not, but that doesn't change the fact that people are still missing the point of the question. He even changed the question later on in the thread, with the only thing in common between the two questions was that you would get 100% of current market value for your coins. That might be a clue there, if you ask me.
He could have changed the original title if he felt it didn't express what he meant. He did not.
He wouldn't be the only one who doesn't edit.
I'm sure her want trying to trigger able with the theft. The fundamental question is would you sell everything at full value and start over?
If that is the question then it depends on why I sold it. Because I needed the cash? Well then obviously not for at least a while. If it was because I wanted to start collecting something other than coins (see my sig )then again of course no. But if it was because I saw a coin or coins I just had to have but had no other way to get them then sure. Actually BTDT. But none of those scenarios involve WANTING my collection to be STOLEN. Biiiiiiiiiiiig difference.
Even the OP would acknowledge that, at this point. The only point, I think, with the theft is that it's all gone at once and replaced with an equal value of money. That is harder to accomplish with individual sales, etc
All comments reflect the opinion of the author, even when irrefutably accurate.
@Russell12 said:
My question is, if your collection is 100% insured and you are guaranteed to get 100% of it's value, would you want your collection stolen? You would be able to start your collection all over again.
Odd question, especially from a collector to a collector. Many notes and coins are irreplaceable, nevermind the memories attached to them as well. I can't just go down to my LCS and (re)purchase some rare CA nationals with 2-3 known. Can't just easily locate notes that took years of waiting to acquire, $ or not.
@jmlanzaf said:
That is harder to accomplish with individual sales, etc
It's a hypothetical- one buyer, one payment. Easy peasy, done deal. No need in getting off in the weeds, just go with this:
"The fundamental question is would you sell everything at full value and start over?" No reason to complicate it past that point, although that seems to be what many people prefer to do.
@jmlanzaf said:
That is harder to accomplish with individual sales, etc
It's a hypothetical- one buyer, one payment. Easy peasy, done deal. No need in getting off in the weeds, just go with this:
"The fundamental question is would you sell everything at full value and start over?" No reason to complicate it past that point, although that seems to be what many people prefer to do.
I agree, which was the secondary question the OP asked. But I was just suggesting that is why the OP originally asked the question that way. It was all going at once, not culling or realigninh.
All comments reflect the opinion of the author, even when irrefutably accurate.
@jmlanzaf said:
That is harder to accomplish with individual sales, etc
It's a hypothetical- one buyer, one payment. Easy peasy, done deal. No need in getting off in the weeds, just go with this:
"The fundamental question is would you sell everything at full value and start over?" No reason to complicate it past that point, although that seems to be what many people prefer to do.
I agree, which was the secondary question the OP asked.
I would expect that anyone who would attempt to recreate their collection would answer the question "No", because- why would you want to go through all that effort to just get back to where you started (unless you enjoy the hunt, I guess)? It seems that the question could be rephrased as "Would you be interested in taking your collection in a new direction if you were able to extract full current market value from your existing collection?"
It's an interesting thing to consider mainly because of the guaranteed to get 100 % of the value part of the question. Having sold at auction the two sets I spent many years putting together (buffalos and Walkers), there were a lot of tense moments when I doubted I would see 70 or 80 percent. And there is a lot of luck in who is in the market at the time you sell.
So for the first question I say no because I hate the idea of theft. And for the follow-up question, I am not ready to sell right now.
But I don't dismiss the questions as quickly as others because I do like a guarantee...
"Look up, old boy, and see what you get." -William Bonney.
@coinbuf said:
While most collectors hope to recover most of what we spend on our coins upon their sale, for most their collection really is more than just a number on a spreadsheet. The answer to your question is no; I could never hope to get enough from a settlement to repurchase many of the coins in my collection.
Right. Dealing with an insurance company to recover full value of a stolen collection has got to be a nightmarish experience.
"I believe in intuitions and inspirations. I sometimes feel that I am right. I do not know that I am."
Albert Einstein (14 March 1879--18 April 1955)
Comments
Actually having something significant stolen leaves a person feeling incredibly violated. Regardless of how much you might like the idea, the reality is pretty ugly.
Insurance payouts & police reports aren’t as straightforward as they seem either.
Never! Ever! Same as in the Underground in London in May 1940.
Nope! First, someone took something that belonged to me. Second, someone enriched themselves at my expense.
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maint. Crew Chief and Contracting Officer.
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Morgan Dollar GSA Hoard (1878 – 1891)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Matte Proof Toned Lincoln Cents (1909 – 1916)
No offense, but it seems like the silliest threads get the most traction here.
All we need now is a "yes" and an address
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
Love the Victoria 🫠
I wouldn’t mind if someone stole some of the “art” that my wife has adorning the walls of my house.
My coins? Absolutely not.
Now we're arguing about the parameters and specifics of hypothetical questions?
It's a discussion. Lighten up Francis.
This is an odd title for a thread. It should probably read something to the effect of, are your coins replaceable? I would get mad if anything of mine got stolen. However, the coins/currency that I collect are one of a kind items. It takes me ages to find the things that I’m looking for. The money doesn’t replace the coin. I’m sure that someone here for instance has an amazing 1919-D Walker that can’t be replaced at any price.
One thought—Does the purchase price include tuition costs?
I made a joke. Lighten up, indeed.
If I may bring up the lingo of my peers, yesn't.
"Another day, another Collectors Universe forum scrolling session."
- Someone, probably
Oh you crazy kids...
All comments reflect the opinion of the author, even when irrefutably accurate.
Heck no - now might retail the whole thing to some rich customer but would be marked up real good (my cost, plus opex - time and materials lol - or MV plus premium at least). I don’t work for free.
Your inventory isn't your "collection". Smh...
All comments reflect the opinion of the author, even when irrefutably accurate.
Your kidding - Whether collection or inventory it’s an investment. I don’t invest to lose money.
To answer that question, it would depend on what I thought I would have a chance to buy in the coming few years. And at this specific point in time, considering what’s on the horizon, I’d be a seller of some significant parts of my collection, but I wouldn’t sell everything.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
No. I'm serious. The question is getting at people's emotional attachment to the coins. Your answer is that you would be happy to have them stolen as long as they were over-insured.
All comments reflect the opinion of the author, even when irrefutably accurate.
That could be a nightmare for someone with significant holdings of OGH, Gold CAC, Rattlers, NGC Black, thinly traded coins, or any other coin with significant value not expressed by guides or price reference.
Think of the challenge to recoup the true value of a common coin in a Gen 1 Rattler or NGC Black.....
You dont know what you’re talking about and that suggestion sounds (robbery of one’s coins) insane. The people coming to steal maybe coming to kill too (no witnesses). No I don’t want them stolen lol. Who are you to say what somebody wants rofl. Many of my items top pop, tough to find, often only one in bourse room. Lots of research, beating other bidders, work goes, into that. Not bullion junk. Making up somebody’s answer - grabbing for straws, uncool.
Furthermore any insurance claim on coins - good luck in getting it all.
Which is what you could have, should have, said the first time. Instead, you said you needed full retail from a rich customer.
All comments reflect the opinion of the author, even when irrefutably accurate.
I'm trying to come up with some way to express how completely inane this post is without my response getting me banned for life. Unfortunately any words below a PG-13 level escape me
It wouldn't bother me too much and I would have fun buying more. Currently my "collection" collection is 5 coins and 2 or 3 may be going soon. I really want to add a 67/+ Buffalo they are fire with the right colors.
Its beyond a few others as well
Sorry but IMHO its insensitive and even insulting to anyone who has ever actually been robbed or had anything of any value stolen from them
If I wanted my collection gone I'd sell it. If I didn't want or need the money for it I'd give it away. But to even suggest anyone would want anything of theirs just taken away without their knowledge or permission is just...well...
By focusing on the 'theft' angle, I think a lot of people are missing the point of OP's post.
Then he shouldn't have included the word "stolen" in his title.
Maybe not, but that doesn't change the fact that people are still missing the point of the question. He even changed the question later on in the thread, with the only thing in common between the two questions was that you would get 100% of current market value for your coins. That might be a clue there, if you ask me.
He could have changed the original title if he felt it didn't express what he meant. He did not.
He wouldn't be the only one who doesn't edit.
I'm sure he wasn't trying to trigger anyone with the theft. The fundamental question is would you sell everything at full value and start over?
All comments reflect the opinion of the author, even when irrefutably accurate.
See? Even without editing the title, it's possible to understand what the OP was asking.
If that is the question then it depends on why I sold it. Because I needed the cash? Well then obviously not for at least a while. If it was because I wanted to start collecting something other than coins (see my sig
)then again of course no. But if it was because I saw a coin or coins I just had to have but had no other way to get them then sure. Actually BTDT. But none of those scenarios involve WANTING my collection to be STOLEN. Biiiiiiiiiiiig difference.
Even the OP would acknowledge that, at this point. The only point, I think, with the theft is that it's all gone at once and replaced with an equal value of money. That is harder to accomplish with individual sales, etc
All comments reflect the opinion of the author, even when irrefutably accurate.
Odd question, especially from a collector to a collector. Many notes and coins are irreplaceable, nevermind the memories attached to them as well. I can't just go down to my LCS and (re)purchase some rare CA nationals with 2-3 known. Can't just easily locate notes that took years of waiting to acquire, $ or not.
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It's a hypothetical- one buyer, one payment. Easy peasy, done deal. No need in getting off in the weeds, just go with this:
"The fundamental question is would you sell everything at full value and start over?" No reason to complicate it past that point, although that seems to be what many people prefer to do.
I agree, which was the secondary question the OP asked. But I was just suggesting that is why the OP originally asked the question that way. It was all going at once, not culling or realigninh.
All comments reflect the opinion of the author, even when irrefutably accurate.
I joke about my stuff, but if I had a collection like I see in the Virtual 7070 thread I would be the same.
I would expect that anyone who would attempt to recreate their collection would answer the question "No", because- why would you want to go through all that effort to just get back to where you started (unless you enjoy the hunt, I guess)? It seems that the question could be rephrased as "Would you be interested in taking your collection in a new direction if you were able to extract full current market value from your existing collection?"
I changed my original question. It's what I really wanted to know. I should have not used the "stolen" angle. Sorry everyone.
It's an interesting thing to consider mainly because of the guaranteed to get 100 % of the value part of the question. Having sold at auction the two sets I spent many years putting together (buffalos and Walkers), there were a lot of tense moments when I doubted I would see 70 or 80 percent. And there is a lot of luck in who is in the market at the time you sell.
So for the first question I say no because I hate the idea of theft. And for the follow-up question, I am not ready to sell right now.
But I don't dismiss the questions as quickly as others because I do like a guarantee...
"Look up, old boy, and see what you get." -William Bonney.
Right. Dealing with an insurance company to recover full value of a stolen collection has got to be a nightmarish experience.
"I believe in intuitions and inspirations. I sometimes feel that I am right. I do not know that I am."
Albert Einstein (14 March 1879--18 April 1955)
hard pass
https://photos.app.goo.gl/S38CrAb3zUNf2hWF9
https://photos.app.goo.gl/9yHSLnrhYPuvju9UA
"If your collection is 100% insured and you are guaranteed to get 100% of it's value..."
Hypothetical are hard
All comments reflect the opinion of the author, even when irrefutably accurate.
Not always. Helps to read them first, though.