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 Replies: 19 / Views: 2,558 |
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Pillar of the Community
United States
2335 Posts |
I made the same decision you are toying with. I sold off almost all of my common date circulated coins, keeping only those that had sentimental value. I've been buying higher end coins, & I have been very happy with the result. While value/investment was a consideration, the end result has been more enjoyment of the coins I have because of the condition & variety. I guess I'm one of those people that would rather look at one highly detailed example of a coin, instead of 50 of the same type that are in well circulated condition.
WARNING- For me part of the joy of collecting is the excitement of a new acquisition. While I still get that new coin "rush", it doesn't happen as often as it used to because of the greater cost.
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Pillar of the Community
 United States
2600 Posts |
Man, everyone has great incite and I really appreciate it. I know that there are some of my general stuff that for some reason or the other I would not be able to let go. I think I will start by separating the wheat from the chaff so to speak and see what is then available to be sold . May not be as much as I think. Seated, I am sure a ride would help clear my head, but my bones are old and Rick is right. This Harley does not go out in bad weather. So far I have ridden every month this winter, though.  Jim |
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Pillar of the Community
Canada
1267 Posts |
Jim, I did the same thing quite a few years back and am also very happy with the results.  |
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Valued Member
United States
411 Posts |
I have completed a MS set of Peace dollars and the Walker short set (41-47) in gem or better, and have put together the whole Walker series in mixed circ/unc states. I really love these coins and look at them often. But most of the time, lately, my heart has been totally in my Dansco 7070 type set. I have thought hard about selling all those halves and silver dollars, and putting into a Chain cent or something. I actually did recently purge my collection and finally part with my American Buffalo bullion coin along with a whole bunch of useless Mint products (except the reverse proof silver eagle; I'm keeping that), and put that into the 7070. But I'd have a hard time parting with the others. EDIT: I just read what I wrote. My silver dollars and halves are not enough for a Chain Cent. Alas. Edited by Stephen420
01/23/2008 9:50 pm
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Valued Member
United States
231 Posts |
You guys have me excited now. I am more into the general stuff right now. I just bought a 1909 S VDB for 81.00, because no one knew it was a VDB. My brother bought it because it was an S and he had no idea that the VDB was there or that it even exists. He bought it for my birthday at a Flea market for 80.00. I looked at it and said how could you afford this. The VDB was plain as day when I looked at it. I gave him what he paid plus a dollar because I was so happy. Now I am planning to get rid of that, maybe trade it for a bunch of older common dates and fill a bunch of holes in my collection. So I guess I have the opposite idea. I think you should hold onto your stuff and have more to look at, but if you know you would be happier with a key, go for it.
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Pillar of the Community
United States
2443 Posts |
If your not appreciating the coins, why keep them? Sell them and buy one you'll appreciate or be the focal point of your collection.
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Rest in Peace
United States
3730 Posts |
It's just me. I'm a "collector," of so many things. Can't stand to part with any of them.
I have been collecting for 50 years and have sold, or auctioned, maybe two or three coins.
I have given away coins to family and friends, and traded a few, especially with my Australian friends. But, sell my coins!? Nope. My family will have to decide what to do with them once I'm gone.
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Pillar of the Community
United States
581 Posts |
No offense, but your post doesn't make much sense.
I guess I echo the comments of Amazon99. If you're not looking at the coins, why are you wringing your hands about selling them?
I don't get it. If you've got coins that sit in your dresser drawer and never get any attention, what is the reason why you can't sell them?
Sorry. I might sound rude here - don't mean to. I DO have problems selling coins I look at all the time - I DO NOT have problems selling coins I never look at - I guess that's where I'm coming from!!
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Valued Member
United States
130 Posts |
You can have a hoard or a collection. A hoard is grabbing everything you can get hold of. A collection is getting hold of what you like. I would rather have a few premium coins than a thousand so-so coins. That's a golden rule. Unfortunately, I forget it all the time.
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Valued Member
United States
330 Posts |
Jim, I recently had the same dilemma. Over that years I had put together all of the modern sets and had almost finished a few older sets minus some of the keys. I have a spreadsheet of what I need for each set that I use when deciding what to buy. I was looking at the spreadsheet and decided that I needed something to excite me again. I decided to start a 7070 but found the Intercept Shield version and ordered it. As I started to fill a few holes with higher grade examples of coins from my binder I was bit by the bug. I have a pretty good idea about what I want to put in the album and I have found myself passing on coins I would have bought to put in my binder for higher grade key or unique examples. For instance, I want to put a 1995 DDO Lincoln in the 1959-2008 slot. I have a PCGS MS-67R example that I may crack out and put in. The type set has really stimulated my inner collector. I can see myself doing more type sets with different focuses, i.e. proof only (where applicable). I guess what I am saying is that I have redirected my focus. I don't think I will sell off anything but I am more picky about what I am buying. Keys, semi-keys, varieties and high grade examples are my recommendations. Sorry for the long post. Jim |
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Pillar of the Community
United States
2600 Posts |
Thx, Jim. I think, upon reflection, you have put it in words for me. I am looking to redirect my focus and the horde is not as valuable to me as it once was. I am going to redirect, I am just not sure how. Your ideas have sure been food for thought.
Jim
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Pillar of the Community
United States
1083 Posts |
I pretty much got rid of all my common date silver and highly circulated coins I inherited from my Mother to raise cash to begin completing a 7070 Typeset. I look at the 7070 all the time now that is complete, upgrade where possible, and feel more pride in ownership than I ever did for the common stuff. I recommend you sell it if it soesn't give you any pleasure, but before you do, clearly establish what you want to acquire, develop a plan and focus on that. |
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Valued Member
United States
266 Posts |
I've been doing a lot of updating my sets the past couple of years, and I need to sit down and go through my old stuff and get rid of it, too. I am not holding my collection so much as an investment, I just enjoy the collecting, but I don't like to have a bunch of extra stuff, if it can do me some good in my overall collection.
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New Member
United States
33 Posts |
I think most collectors 90%+ will say keep what you have and make future purchases that reflect your interest in investment portion of the hobby. I also think that 90%+ of investors will say SELL sell sell, get rid of what is not preforming well and invest in something you know is going to go up.. kind of a no brainer for them. So I suppose it really all boils down to what type of collector you are, an old school collector or an investor. On the other hand I also believe there are a lot of people who are not hard line one way or another.. a blend of both. If this is the case then it really is nothing more than a matter of taste..
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Pillar of the Community
United States
2600 Posts |
Thanks for all of the thoughts, guys. I think I have decided to start with the Lincolns. I will keep the #1 and #2 sets, the extra key dates and sell the rest. AAAaaaaaaaa naaaa, no I won't  Jim Oh well, what a problem to have. |
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Replies: 19 / Views: 2,558 |
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Posted 01/23/2008 7:35 pm
