Had to sell my coin collection 2 weeks ago..

gil · January 12, 2012 10:34AM

My car died, it blew a head gasket was a 97 mercury with 180k on it..Found a great deal. a 2008 grand marquis with 39k on it.
one problem, I needed a down payment. After agonizing over it, i decided to empty the safe deposit box and take it all to a b &m shop.

I have known the guy fir a few years and he seems pretty trustworthy. He starts saying, 'wow, I wouldn't sell some of these". i almost changed my mind. Out comes the gray sheet...he's making offers and we are writing them down. I did haggle a little more on some and he wouldn't budge on others.

My prize was a 1867 2 cents pcgs ms 64 rb..I also was starting to build a ms 65 walker set 41-45 I was 1/2 way thru it. Some silver mint sets. some slabbed franklins, and a bunch of circulated silver. my 32 s quarter. I kept the 32d (g4) and a ms set of war nickles in a capital holder.
i am sad i sold them. i bought some of the walkers from a member here (jccarney). It took a few years (10) to get them together.
i manged to get enough for the downpayment and also pay off a credit card.

32SXF45

MORE PICS TO FOLLOW

D · January 12, 2012 10:36AM

You're trying to break all of our hearts?

Glad to hear it worked out though, often times Numismatics and silver are fairly liquid ways to "store" money, if not make it.

-D

curly · January 12, 2012 10:37AM

Look at it this way, brother. It's helping you to get back on your feet so it can't be all bad.

coinman23885 · January 12, 2012 10:37AM

I'm sorry to hear of your financial difficulties, and the selling of your collection. If it's of any consolation, you can rebuild your collection. With the poor economy, everything is selling cheaply, so you may be able to pick up a few nice replacement coins in the coming weeks.

kaz · January 12, 2012 10:37AM

Sorry you had to sell, but it looks like you had some nice coins that stood you in good stead during your time of need. Give yourself a pat on the back for making good buying decisions.

Walkerguy21D · January 12, 2012 10:49AM

I agree with kaz - you had put your money into a good store of value when times were better for you, and they helped pull you through.
If you had invested in an xbox and a bunch of games (to name an option) a few years ago, I'm guessing you would have been lucky to get much at all for it.
Hope things start picking up again for you soon!

WoodenJefferson · January 12, 2012 10:50AM

Start over...your now focused away from random purchases, my collection (90%) of it was to further my Grandsons education...no remorse! Good luck Gil.

gil · January 12, 2012 11:07AM

Check these out..at least I still have pictures

have a few more pics..

kaz · January 12, 2012 11:16AM

Nice Walkers!
Like I said.....

gil · January 12, 2012 11:17AM

a few more pics.. They look so good. hope they find a nice home.

I kept the war nickel set.. I like it too much..was offered $60.00...too low.

yellowkid · January 12, 2012 12:04PM

You gotta do what.......... There will be more coins!!

habaraca · January 12, 2012 12:31PM

coins are pretty, but transportation is a necessity,

I remember an old FurryFreak Brothers saying.... let me change it a bit....

A car will get you through times of no coins, better
then coins will get you throught times of no car.

always more out there for you...

atarian · January 12, 2012 4:48PM

When you start over you now know where to go shopping and maybe he will remember you and give you a good price like my old B&M guy did before he passed on

melvin289 · January 12, 2012 4:51PM

<< <i>coins are pretty, but transportation is a necessity,

I remember an old FurryFreak Brothers saying.... let me change it a bit....

A car will get you through times of no coins, better
then coins will get you throught times of no car.

always more out there for you... >>

You know I was just thinking about that very same saying the other day. I don't remember what brought it to mind but I can still see the poster of Phineas or was it Fearless Frank holding up his index finger and the big hat.

Ron

Justlooking · January 12, 2012 4:54PM

Enjoy your car ... and start making plans for building your new coin collection.

Type2 · January 12, 2012 5:11PM

Well time to start Cherrypicking. You'll get to where you want to go a bit faster pick sell pick sell buy what you want then do it all over again.

mkman123 · January 12, 2012 5:56PM

Like another member said, imagine if you blew it on video games, etc. Coins were a good choice. Once you get going you can start buying coins again

ibzman350 · January 12, 2012 6:39PM

<< <i>coins are pretty, but transportation is a necessity,

I remember an old FurryFreak Brothers saying.... let me change it a bit....

A car will get you through times of no coins, better
then coins will get you throught times of no car. >>

Oh yea!!!.......the Furry Freak Brothers been a long time

Herb

bosco5041 · January 12, 2012 9:57PM

I'm sorry you had to sell your coins, hope you don't give up collecting though.

BaseballAbs · January 12, 2012 10:22PM

Good choice my friend. You get on your feet and someday you can get them back. It will be a fresh start into getting new coins. I have had to sell some stuff I owned a few months back to pay some bills that were burying us into the ground. It hurts a little, I won't lie to you. But it is the right move. There will always be another coin you will like.

ricko · January 12, 2012 11:01PM

Yep... sell when it is necessary, you can always start again... half the fun is in the collecting... and those are magnificent Walkers.. The pictures will always be there... Cheers, RickO

DrBuster · January 12, 2012 11:02PM

Man I would have had a hard time letting those walkers go.

golden · January 13, 2012 12:08AM

Sorry to hear that you had to sell. Look on the bright side, you are going to love your new ride.

Connecticoin · January 13, 2012 12:23AM

So how close to greysheet did the dealer give for the Walkers?

grip · January 13, 2012 1:56AM

Why not the BST first?

johnny9434 · January 13, 2012 2:55AM

you did what you had to do. i think we all been there at one time or another

grip · January 13, 2012 3:16AM

Did you ask the dealer if he could hold on to them
for six months,maybe buy them back?

tahoe98 · January 13, 2012 3:55AM

...i'm glad you didn't cash those in to buy a volt!

jesbroken · January 13, 2012 4:03AM

I think many of us on the forum have had to do the same thing. Believe it or not, the pictures mean a lot. Keep them no matter what. A few years from now it will be '
quite enjoyable to see what you had and hopefully regain some or all of it. Hang in there.
Jim

SeattleSlammer · January 13, 2012 4:39AM

Try the BST first next time....you're much more likely to get retail prices for attractive PCGS coins.

Did you consider a lease?.....many offer zero down programs with decent monthly payments....plus you get the warranty.

joecopper · January 13, 2012 8:39AM

I agree with ricko - do what you gotta and you can always start again

gil · January 13, 2012 9:44AM

he wasn't that far off from gray sheet prices. now value guides he was a bit off.

I didn't use the bst because i had to decide before I lost the car,

YES IT HURT TO LET THOSE WALKERS GO...this is how the conversation went with my wife:
me ; I really don't want to sell these
wife: we need the money for the down payment, you need a car
me: but I was collecting because someday We can use them for something important.
wife" you mean like getting you a car ???

and yes the car the car is awesome. it floats down the road. I love the big car ride and a v8 is really nice.
No, I didn't ask him to hold them 6 months..I wouldn't have been able to pay it back that quick.
I will never lease, If I'm going to make payments it's not going to "rent" a car..

Can't really afford to collect right now..maybe soon.

telephoto1 · January 13, 2012 9:48AM

I can feel your pain; I've had to sell things in years past to keep cars running.
I'd have had a hard time liquidating those to buy a car too, unless it was an absolute rip of a deal.
This is coming from someone whose daily driver just turned 201K (I put a fair amount of miles on a vehicle annually) so I'll need to be looking shortly myself... Stinks too, because I like the vehicle but it is starting to have recurring repair issues. I'm looking at driving it through the winter and then I'll see what's out there in the spring. I try to look for a 2-3 year old vehicle with low miles... that way it's still basically a new car yet someone else has eaten the bulk of the depreciation.

michiganboy · January 13, 2012 10:05AM

Had to sell most of my bullion and Morgans at the start of this year to replace a car as well. I've already added a bunch of new purchases to replace them and I'm glad I did it now that silver is at $30 and not really doing much I can buy right back in at less then what I sold for, but I still feel your pain. Life goes on and the coin markets still active so don't worry

leothelyon · January 13, 2012 10:56AM

Did you experience a severe case of nostalgia when you left the coin shop?

TexasNationals · January 13, 2012 11:06AM

That's tuff, but you will rebuild. I am all for American everything, but Ford engines and transmissions are garbage, IMO compared to Mopar or Chevy, just my 2 cents.

I have 2 armored Tahoes a 2008 and 2012, the 2008 has over 120k miles with no, and I mean no problems ever. My original run flat tires lasted 90k miles. Now they were modified with a super charger, armor and a few extras but the car is mostly OEM, especially drive train and body. Only ballistic aluminum was added inside.

clw54 · January 13, 2012 11:30AM

You could have gotten more by consigning with Resco.

oreville · January 13, 2012 11:36AM

You were fortunate and SMART that you didn't by Greek bonds or other complicated and "sure" investments.

Congratulate yourself on having the foresight to save coins when others would have drank or spent the monies on momentary pleasures.

You saved your EXPERIENCE in buying coins and your choice in walkers looks very decent indeed. Perhaps you can start up another set in MS-64's which you will find almost as nice and a like cheaper! Then a set of MS-65's and so forth.

You will come back stronger than ever.

Had to sell my coin collection 2 weeks ago..

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