You just made a coin that's worth BIG bucks, and you.........

Colorfulcoins · June 2, 2003 2:39AM

Suppose you just made a pop-top coin that's now worth 50x what you paid for it (we're talking thousands of $) .........do you sell or keep?

coinman2182 · June 2, 2003 2:44AM

Sell and buy more coins!

Tonekiller · June 2, 2003 2:46AM

<< <i>Sell and buy more coins! >>

nwcs · June 2, 2003 2:48AM

Sell, unless it's one that I just absolutely can't stand to part with. Very unlikely, so I'd sell.

Russ · June 2, 2003 2:51AM

<< <i>Suppose you just made a pop-top coin that's now worth 50x what you paid for it (we're talking thousands of $) .........do you sell or keep? >>

Did it, and kept it.

Russ, NCNE

Steve27 · June 2, 2003 2:53AM

Depends on the coin.

Wisconsin · June 2, 2003 2:53AM

Sell it fast before #2 is made!!!

grip · June 2, 2003 2:58AM

How maney POP 1 coins lose that status in less than a week?Ask Wondercoin

..Sell it.Al

Russ · June 2, 2003 3:09AM

He didn't say pop 1, he said pop top.

Russ, NCNE

grip · June 2, 2003 3:20AM

I was assuming it was POP 1,going by the 50+thousands,I guess it could be a POP2/3/4/5/6/7/8

.Al

TheNumish · June 2, 2003 3:55AM

I usually sell mine right away but I don't tell my wife anymore. After my first real big hit I bragged to her and before I knew it we had a new dishwasher, gutters installed and she replaced the carpet in our bathrooms with tile. It was all stuff that needed to be done but that money sure went out the door fast.

clackamas · June 2, 2003 4:02AM

So where do you sell it? Personally I have kept mine, however never made a POP1 only a few POP < 10's.

airplanenut · June 2, 2003 4:03AM

<< <i>I usually sell mine right away but I don't tell my wife anymore. After my first real big hit I bragged to her and before I knew it we had a new dishwasher, gutters installed and she replaced the carpet in our bathrooms with tile. It was all stuff that needed to be done but that money sure went out the door fast. >>

Silence is golden

IrishMike · June 2, 2003 4:11AM

If its a modern I would sell it fearing more would be made.

cladking · June 2, 2003 4:13AM

Except for coins for a collection, buying and selling is primarily determined
by perception of future market performance. Many people rarely buy or ac-
quire a coin except to add to a collection so this question would have little
meaning to them. Since supply is the less important of the determinants of
price, then it would depend largely on the estimation of future demand IMO.

lclugza · June 2, 2003 4:40AM

If I made a coin that's worth BIG bucks... then I would be afraid the Secret Service would find out I was making counterfeit coins, and that they would perhaps try to put me in prison.

jdimmick · June 2, 2003 5:09AM

Unless its a key-date, which it proabaly would not be. I would sell it, as I am not a pop-top chaser!
Use the money to buy other coins that I do want

BigD5 · June 2, 2003 5:16AM

Sell. Pop top/Grade rarity stuff doesn't do a damn thing for me. I'd sell it so fast......well, I can't think of anything, but I'd sell it as fast as I could.

Now, if it was just plain rare, well, that may be a different story.

barberlover · June 2, 2003 5:17AM

trust me, auction it!!!!

Pcgs 67 1877 CC seated quarter; pcgs population 6 coins-0 finer HAMMER PRICE 16,100

While i would not have sold this coin if didn't have to, at the time i baught it the registry was in it's infentcy and the overall coin market was not "hot"

So, in a hot market, a top pop coin thats also a CC mintmark goes up for auction in a hot market and at least 2 floor bidders with money to burn want the same coin. Result= 16,100 a world record price for that date CC quarter. Just my opionion of what happened.

bigtonydallas · June 2, 2003 5:29AM

I bought a coin for $28, paid $21 to certify at ANACS and sold it for $700! Paid $3 for another coin, $21 to certify sold for $200. 18 cents on two other coins paid $12 to certify and sold for $31. I like to the hunt more than keeping the coins. Sorry i am a cherypicker.

michael · June 2, 2003 6:38AM

hmmmmmmmmmmmmmmmmmmm

i hope you make the right decsison

sincerely michael

grip · June 2, 2003 6:43AM

Big Tony
It's been a dry spell

.Welcome back,and I couldn't agree with you more..I love the hunt.Al

Avalon01 · June 2, 2003 7:02AM

I'd keep it.

Just to brag.

Av.

zenny · June 2, 2003 7:09AM

<< <i>I'd keep it.

Just to brag.

>>

Imo there is much more to brag about by selling, banking most of the cash and buying one or two more at the lower price. (You can still brag on the first one, if you'd like, anyway.)

who knows, maybe lightning will strike again?

rainbowroosie · June 2, 2003 8:14AM

Colorfulcoins,
I would sell it unless the coin was part of my very prized Roosevelt Registry Set which was now #2 in all the land trailing only notorious Nick's collection. In THAT case, selling would be an abomination and emasculating. I would feel guilt forever and would not sleep at night. I would rather sell my house, my player piano, my dog than sell that coin. How could I look other Roosie collectors in the face ever again if I was so self-serving....Better to have been inundated in the Great Flood 5000 years ago......Really, I'd sell the coin!!

foodude · June 2, 2003 9:50AM

Take the money while you can get it- auction it.

DCAMFranklin · June 2, 2003 10:04AM

Unless that coin is more than 100 years old, you sell it immediately. If it is a modern, then you can bank on the Populations continuing to rise. Make hay while the sun is shining!! If it is more than 100 years old, then I would probably want to own the coin for some period of time, 2-5 years, and would probably sell the coin. If it is a single digit Population, key date coin with PopTop status, thennnnnnnnnn I'd probably, almost certainly, maybe keep the coin - until the next FUN Show and then I would consign it to their auction.

merz2 · June 2, 2003 1:25PM

I kept one and sold one.

CYBERKEN · June 2, 2003 1:41PM

I actually did: a quarter from a 1957 proof set that I paid $10 to $12 for in 1979 came back PR67CA. The Heritage indication (low end) is $145. It looks to me like the only one of the 65+ 1979 purchases (total cost of about $150-$200) of proofs from 1954 to 1964 (some sets, some singles) that will be determined cameo, but the grades have been mostly 66 and up. The cents, are almost entirely GORGEOUS and RED.

I believe that there will be more interest in the proofs from this period in a few years-so I'm just leaving them in lock up for now.

I just found it interesting that, during the silver fever of 1979/80 everybody was going nuts on gold and Morgans and the dealer was getting richer than Crosius, so he had these tucked away in a quiet corner of his store and I picked up handfuls on a couple of trips. He was probably happy to get the space back.

It's 24 years now, just the blink of an eye in the collecting hobby. I got away to career, family, 401k, and all that stuff we've been obsessed with since that crazy time. I more-or-less ignored these coins, and they lived in a tackle box for 22 years. This year I splurged and got them all slabbed. After slabbing costs plus original price-I'm looking at just above break-even by my best estimate. I'll let you know in 2013 how this little gamble has gone-or perhaps my kids, now almost adults, will have to report in my place...

You just made a coin that's worth BIG bucks, and you.........

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