XF/AU type coins - hold for 20 years or sell now
zeebob
Posts: 2,825 ✭
I have 40 or so XF and AU type coins. Just sending them off to PCGS for plastic. I'm working on building a 19th century type set of mostly MS-64 coins. Don't really need the XF and AU stuff.
So the question is... Do I sell the XF AU stuff or hold it. This isn't so much a question of "collecting." I don't want to collect the XF AU coins. It's more a matter of what's the best economic decision. I don't need the money now, but it'd be nice to have an extra couple of grand to sink into a few MS coins. In 20 years, I figure I'll be done collecting and plan to sell all the coins. So I guess the question boils down to, "do you think 40 mid grade type coins from the 1800's and early 1900's will be worth more in 20 years than say 1 or 2 really nice MS grade type coins (say a nice 1912 barber dime) (or 1855 3CS) (or maybe an mid grade 1937-D 5C 3-legger)."
I know "predicting the future" is not really possible. But I notice the forum is never short on opinions. I'd be interested to hear some.
Bob
So the question is... Do I sell the XF AU stuff or hold it. This isn't so much a question of "collecting." I don't want to collect the XF AU coins. It's more a matter of what's the best economic decision. I don't need the money now, but it'd be nice to have an extra couple of grand to sink into a few MS coins. In 20 years, I figure I'll be done collecting and plan to sell all the coins. So I guess the question boils down to, "do you think 40 mid grade type coins from the 1800's and early 1900's will be worth more in 20 years than say 1 or 2 really nice MS grade type coins (say a nice 1912 barber dime) (or 1855 3CS) (or maybe an mid grade 1937-D 5C 3-legger)."
I know "predicting the future" is not really possible. But I notice the forum is never short on opinions. I'd be interested to hear some.
Bob
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Comments
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
If the return on your investment is not that important to you, then sell the coins and buy other coins that you want more.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
In honor of the memory of Cpl. Michael E. Thompson
If I decide to hold the coins, then they'll be protected in their little slabs. And if I were to kick the bucket, at least my next of kin would have some little slabs with little labels that will tell them what the coins are and hopefully give them some protection against dishonest buyers who would under estimate the grade (or just low ball the price) on raw coins when buying a collection (an experience that I have had on several occasions).
Besides, PCGS seems like they need my $1117.30 in grading and cross over fees. Heck, maybe I should sell the coins then buy PCGS stock.
Don