Why not have duplicates?
RYK
Posts: 35,800 ✭✭✭✭✭
Let's say you are working on a date set in a classic series. You learn a lot about the series: the history, the great collections of the past, the market. You are really learning to appreciate the nuances. Your series is nearing completion or complete. A nice example of a coin that you already have in the series is available. You recognize it as especially nice for what it is. Why not buy it? Taking it a step further, why not buy more duplicates when they are available?
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<< <i> You recognize it as especially nice for what it is. >>
Exactly. Why not buy it?
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Liberty: Parent of Science & Industry
Let's assume for this model that all coins in the series cost about the same and are expensive (however you wish to define it) and that by purchasing this coin, you might need to pass on something else that you need in the short-term, but long-term, you will still be able to complete your set.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
As far as buying to sell later, that would not be the intent of this hypothetical. It would be to buy and keep--knowing, however, that plans, goals, interests, cash available and cash needed all tend to chamge and evolve over time.
<< <i>exactly. I do buy it. >>
Sell the other one
Sometimes I can't help it. I crave for things to move faster than my budget wants to let them. I try to look at those purchases as "rentals" though. I know that before all that long the coin will likely have to go. Small loss, small gain -- as long as it's more or less a break-even proposition, I don't mind doing that.
In response to your question, then, I'd say go for it -- but for me that would have to be a coin that, in addition to satisfying whatever other criteria I have, I'm solidly sure I can get out of easily and whole should the call arise.
Also I may feel that it will benefit me smoetime down the road as trade bait.
Or...it simply may be a coin that was too good a bargain to pass up.
The only duplicates I have are key dates NGC PF 70 UC SAE 1988 and 1995 and a 2003. Only becasue one day I may have to part with my completed SAE PF 70 NGC set and I could bear it more if i sold the duplicates then break up my set. I am really addicted to this series and I don't want to part with this set unless I am forced to because of some unforeseealbe cirmcumanstance that may arise. Does anybody else do this?
Box of 20
I have a love of Twenty Centers & Half Dimes. I'm working on a date/mint type set of all U.S. Coins, so that's my priority BUT I have seen some duplicate twenty's & half dimes
that I would've bought in a heartbeat otherwise. Once my goal is done I will probably buy twenty's & half dimes that I like regardless of date/mint.
Great transactions with oih82w8, JasonGaming, Moose1913.
OTOH, if money is no problem, then take advantage of your experience and purchase the duplicate.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
little cost. I do a lot of trading and this is always a great way to trade up.
can be expected for the series. These are tough to find, so I don't look at it as a duplicate I just look at it as a coin to enjoy.
Although the way I'm headed I could very well end up with a date set if the "Right" coins ever come available.
When a new coin is obtained, if it's great it goes into set #1 and the one from there goes to #2 and the one from there goes to #3, etc., etc. This is time consuming and irritating so why do it?
Also, you end up with a bigger and bigger safe deposit box or safe in your house. Then there is the little 2"x2" cardboard holders for the ones not yet in a set or the plastic rolls full of duplicates. Example is about 25 rolls of 1943 Lincolns.
There is no way to stop the duplicates once started. You'll end up with boxes, plastic rolls, albums, hoders, etc.
And then what? Your kid(s) tell you they are not interested in that stuff so who gets it someday? Just can't stop.
Tyler
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
David
In honor of the memory of Cpl. Michael E. Thompson
Edit: At least 25% of my collection consists of 'duplicates'. I would never sell a single one. Over the past couple years, I've learned that collecting what I like, despite conceived market value or what some might see as a 'coherant' collection goal, is more important to me and in the end is the only thing that really matters. If financial situations were different, this might change.
Self Indulgence | Holey Coins | Flickr Photostream
<< <i>If I see a nice attractive coin at a good price and I really like it, I see no problem buying it even if I already have one. >>
What he said.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
I keep telling myself it is time to sell off some of the extras, but it is hard to part with them. I guess I wouldn't make a good dealer. If I was a dealer and someone came into my store, I wouldn't want to sell any of my stuff.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
Of course each and every coin is different. Different color or grade or designation or...
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