Options
Is there ever a time to sell (according to the pros)?
shirohniichan
Posts: 4,992 ✭✭✭
I'm looking at the latest edition of David Hall's "Inside View." Page 10 and 11 review David Hall's comments on different areas of the US coin market, from the market in general to specific series.
The 26 recommendations in the Market Update section may be broken down into four categories, as follows:
Stong Buy: 7
Buy: 13
Hold: 5
Sell: 1
I find it funny that the last coin I bought was from the only "sell" series-- dated gold (generic gold is rated "OK to hold.")
Gee whiz, am I, the resident Contrarian, missing out on 20 series with the greatest profit potential and buying into the only bear market? Here I thought I was being smart by buying a rare coin at a great price. Maybe I should switch to buying modern commemoratives instead of finishing my second Centennial set.
The 26 recommendations in the Market Update section may be broken down into four categories, as follows:
Stong Buy: 7
Buy: 13
Hold: 5
Sell: 1
I find it funny that the last coin I bought was from the only "sell" series-- dated gold (generic gold is rated "OK to hold.")
Gee whiz, am I, the resident Contrarian, missing out on 20 series with the greatest profit potential and buying into the only bear market? Here I thought I was being smart by buying a rare coin at a great price. Maybe I should switch to buying modern commemoratives instead of finishing my second Centennial set.
Obscurum per obscurius
0
Comments
I guess we should not collect just because we like the look of a coin.
Strange.
Tom
There are many times to sell; here a few of them:
When you lose interest.
When you have other more important use for your money.
To trade up in a series or date or to redirect your collection differently for one of many reasons including some listed here.
When you think that coins are overvalued and the market has become too speculative. There are cycles that are very real and prices may reach a (temporary) peak
When you are old or sick and know how tricky the coin market is and want to be certain you are not disadvantaging your heirs by leaving them a collection without the knowledge to deal with them wisely.
One week before foreclosure.
We'll use our hands and hearts and if we must we'll use our heads.
YES!
Primary: When desperate times call for desperate measures!
Secondary: When my quest for upgrade or change permits.
My question is when the "pros" think one should sell. Right now there's only one area in the "sell" category, and it's the one I'm buying.
How right are the pros?
Obscurum per obscurius
Dan
mcinnes@mailclerk.ecok.edu">dmcinnes@mailclerk.ecok.edu
roadrunner
For example, regarding seated half dollars, he comments "This is an extremely long series with many rare dates and many important type variations. Liberty Seated half dollars are beautiful and rare coins that are currently underrated and very reasonably priced"
He then goes on to recommend that you sell all issues in all grades up to and including MS64/PR64. So a choice AU 1839 no drapery is a sell? Highly original, attractively toned MS63/64 seated halves are a sell? Perhaps, but if these coins don't do well, it would have implications for the overall health of the hobby.
(In aggregate, there may be good advice in Mr. Hall's column, but I sense a sale of plastic)