Options
Trading up
RYK
Posts: 35,801 ✭✭✭✭✭
Early in my serious collecting phase years (circa 2002-2003), I was very fond of trading unwanted coins in my collection toward bigger and better pieces. In more recent years, I have gotten away from this, preferring to sell the individual coins myself to buy the bigger and better piece. More accurately, I tend to sell in waves which often funds the next cycle of buys.
Nonetheless, this article on the CRO website got me thinking about doing some more trading. Now, I am sure that CCU is not jumping up and down at the thought of me trading him bullion, dreck, and widgets for this coin:
But if I look at a handful of bullion, dreck, and widgets (or realistically some real and interesting coins
), I can certainly come up with combinations of coins that I would gladly trade to own the early eagle (or the Continental Dollar or...). Seeing the photo of the junky $20 Libs in the photo brought this lesson home to me.
Nonetheless, this article on the CRO website got me thinking about doing some more trading. Now, I am sure that CCU is not jumping up and down at the thought of me trading him bullion, dreck, and widgets for this coin:
But if I look at a handful of bullion, dreck, and widgets (or realistically some real and interesting coins
), I can certainly come up with combinations of coins that I would gladly trade to own the early eagle (or the Continental Dollar or...). Seeing the photo of the junky $20 Libs in the photo brought this lesson home to me. 0
Comments
IMO I rarely get less on ebay/BST than dealers offer and I rather it go to a collector if I am going to part with it around wholesale. I only sell to dealers for convenience.
The stars have to align just right....but when they do, it can be very rewarding.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Most dealers are more than happy to consider a trade if they think that you are likely to have realistic expectations with respect to trade-in values. Not just because there's a potential for a little extra profit, but because it's fun to see a collector dramatically improve his collection. In fact, now that I think about it, perhaps CRO should run an ad for a trade-in program. They could call it "Dream Coins for Dreck", or something like that.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
That is, no doubt, exactly the kind of marketing ploy that would fit well with the image they are building.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Me, I don't identify with the mindset. Why are there so many undesirable coins in the collection? Is the person learning so much so quickly that they recognize so many bad past purchases? Is the taste in coins changing so rapidly that there is great desire to dump last year's purchases (or purchases from five years ago)?
Everyone is different. I've told the story about going through every coin in my collection when I joined the local club, to consider selling them in the club auction. I ended up with only five coins out of hundreds, that I might sell. I ended up putting two in the auction and selling one, the other didn't meet reserve. Like I said, everyone is different.
I figure the dealer makes out fine. And the buyer gets a coin he will be happy with, which is a win all around.
Lance.
<< <i>Dealers love the churn, love collectors always looking to turn their collections over.
Me, I don't identify with the mindset. Why are there so many undesirable coins in the collection? Is the person learning so much so quickly that they recognize so many bad past purchases? Is the taste in coins changing so rapidly that there is great desire to dump last year's purchases (or purchases from five years ago)?
Everyone is different. I've told the story about going through every coin in my collection when I joined the local club, to consider selling them in the club auction. I ended up with only five coins out of hundreds, that I might sell. I ended up putting two in the auction and selling one, the other didn't meet reserve. Like I said, everyone is different. >>
For me in a rare series that is uncommon in collector grades I us turn over like this. I wanted to complete my set with coins that met a minimum standard which was hard enough. As I find upgrades which isn't super common in my range I go for it which is more fulfilling than holding out for the perfect coin I may never find in a price range that I can afford.