Would you average up?

Peaceman · February 23, 2004 1:35AM

There are 10 MS coins in holders (the entire population of a variety). Each is worth about $ 500..... You got lucky and bought one for $ 100. You've now found another, but it's $ 600.

DO YOU:

a) Buy the $ 600 one knowing that you overpaid but will have 20% of the population at an average of $ 350 each?
b) Accept owning 10% of the population with no downside potential.
c) Sell the $ 100 coin and turn a great profit.

jbsteven · February 23, 2004 1:36AM

3

dorkkarl · February 23, 2004 1:45AM

option #4 for me: crack it out.

K S

291fifth · February 23, 2004 1:49AM

Sell and take your profit.

Dennis88 · February 23, 2004 1:51AM

3

nwcs · February 23, 2004 1:52AM

B

Shamika · February 23, 2004 1:52AM

Depends on the variety.

If it's a recent discovery, I'd sell it as fast as I could. If it's a long established rarety accept owning 10% of the population with no downside potential.

XpipedreamR · February 23, 2004 1:57AM

Does liking the coin figure into the equation at all?

(Sorry, that's my inner collector rearing its head)

spadesjedi · February 23, 2004 2:05AM

Hi

Good question!

My answer is: It depends what you're trying to do.

Since no one has answered "a", I'll propose a scenario where "a"
is the best answer:

Suppose you're trying to corner the market on the variety, to minimize
the number of other people who can compete with your registry set.
In that case, I would argue that the measly $100 over market
price is worth it. Especially since you're now up to 20%.

Just my 2 indians

tim

DennisH · February 23, 2004 2:07AM

B

Shamika · February 23, 2004 2:28AM

spadesjedi,

You make an excellent point.

joeyuk · February 23, 2004 2:35AM

To expand on Tim's comment purchasing another 1 or 2 at fair market not only figures into the registry set thing but also the more you take off the market should drive the price up. Only if it is a popular variety. Joe

Peaceman · February 23, 2004 6:21AM

It's a rare VAM and the highest sought after.

davewang202 · February 23, 2004 6:41AM

Sell it.

I "hoard" 1879s Rev 78 Morgans, but I need multiples of each VAM to do die sequence studies.

Other than that, it's highly speculative whether the rarity will hold up in 10~20 years down the road, and that's only when you would learn if you've "done well" in a financial sense in holding onto that coin or not.

If the rarity holds up, then there will be more people looking for the limited population, and the value will increase. More likely however, is that more will appear, and the "rarity" factor will decrease.

For a highly sought after Peace VAM, perhaps Mike Fey's auction would be a good venue to sell it to the VAM collecting community.

Peaceman · February 23, 2004 7:24AM

linkage please.......

davewang202 · February 23, 2004 7:33AM

Linkage to what?

Mike Fey's Auction?

Would you average up?

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