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Replies: 45 / Views: 4,465 |
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Moderator
 United States
189222 Posts |
I have never sold a coin. I have no desire to sell coins or to upgrade ones that I have. However, I can say is that I once traded some found CRH silver half dollars for Franklin half dollars that I needed to fill some Dansco holes.
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Valued Member
Canada
67 Posts |
I have been collecting for over 55 years now and I have bought thousands and sold thousands, my tastes have changed, but I still get excited when I get a keeper for my new collection. I might also add that I still have a few coins that were purchased in those early days. I count myself as a fool for not keeping everything, but then the house is not big enough to have held them all.
P. the collector
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Pillar of the Community
United States
6130 Posts |
I think we need to be careful in how we throw around terms like "true collector". Elitism is rampant in hobbies like comic books and video games, and a lot of newbies are driven away by the die-hards who mock them for being introduced to the series by the big-budget Hollywood movie, instead of reading 75 years worth of comic books before daring to talk about the series. Don't get me wrong, I despise the ebay barons who drive prices up and make certain coins utterly unattainable for many of us, especially when they flip their entire "collection" with no passion for anything but the bottom line. But I have also noticed an increasing trend of "Oh wow, why would you collect that?" and "Why didn't you buy the RedBook before asking such a basic question?" I can sure say that I have asked some painfully basic questions, and I got my start on this hobby by hoarding/accumulating old nickels from bank rolls. Everyone has to start somewhere, right?
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Bedrock of the Community
United States
20753 Posts |
You have to remember that the amount of members on this forum are only a small, very small, portion of people involved in coins. IF every member on this forum said they hate pennies, so what. Again, only a small portion of people in the USA and/or on Earth. And just try to get everyone to say Cents instead of Pennies. Many, many coin collectors keep away from broadcasting what they collect. In some areas it is really dangerous to say you collect anything. Same with gun collectors, knife collectors, etc. And remember too that many on this and other forums for coins, stamps, guns, etc. are there to buy and sell. A person that only collects coins usually just reads some posts and then goes about whatever they normally do. Pure collectors that I've known see no reason to even join coin forums. And then they usually say I will if I want to sell something but otherwise, what for? So regardless of all the replies, go to a lot of coin shows and ask, ask, ask.
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Rest in Peace
 United States
18456 Posts |
Ok ,so to sum it up ,probably using the phrase '' true Collector'' was not appropriate for this thread . Also many who posted their views about buying and selling are doing it for more good reasons than I thought . and I only brought up the subject because I simply don't sell my coins . Though I'm surprised that there are only a few of us who practice this ideology of Not Selling !  BTW , I have 85% of my collection inventoried , have an extensive want list and most all coins are properly stored . 
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Pillar of the Community
Canada
5246 Posts |
There are plenty of good and bad reasons to sell coins. I have bought many and sold many, but I am and probably always will be a collector, however that may be defined, and however few coins I have in my collection.
I know at least one numismatist whose interests change so he may dispose of elements of his collection from time to time. Also, his wife has told him that if he buys anything more he has to sell something!
I think that it may be more of a mental attitude than whether you buy or sell.
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Bedrock of the Community
United Kingdom
17969 Posts |
I still have almost every coin I ever collected, other than ones I've upgraded. I sell and trade duplicates but have never sold any coin that I consider part of my collection.
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Bedrock of the Community
United States
94367 Posts |
Agree that "true collector" may not be the right term. I have collected for more than 50 years, completed or nearly completed many high level sets from Half Cents to Seated quarters to choice IHC and LWC, but I have sold them all at auction for profit so that I could focus on new areas. I think of myself as a collector, but if you prefer the terms "addict" or "nut job", that's fine. 
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Pillar of the Community
Canada
5246 Posts |
As @Coinfrog states, when collecting interests change, it is perfectly logical to sell to get something else to collect. But you are still a collector. Perhaps some have the same collecting interests for decades, so there is no reason to sell.
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Pillar of the Community
United States
1602 Posts |
I like Mox's categories. They make me a Numismatic Collector. Sounds kinda "classy" ! 
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Pillar of the Community
Russian Federation
5176 Posts |
Meanwhile, I'm a nearly perfect example of an Accumulator. (Which I'm not really concerned about - I always knew that I wasn't much of a collector.)
EDIT: I cannot truthfully say that I have never sold any coins in my collection - there was at least one case when I sold some duplicates to a newbie collector for a symbolic price, and at least one case when I sold some circulation finds for a less symbolic price (that was technically even lower). Even so, as long as we don't count coins spent for their face value as "sold", the total amount of money I have ever received for coins I've sold probably wouldn't make ten dollars (and I'm not sure it would make five).
Edited by january1may 10/13/2016 8:48 pm
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Valued Member
United States
467 Posts |
I like the definitions posted earlier. I also like the comments. I consider myself a collector, for sure. But I frequently sell many of my coins. I love collecting coins. Having coins, not so much. Sometimes I will put great love into collecting my coins...but I may not have much interest in keeping it once I am complete. It is the collecting that makes it fun. You would think that means I could collect any random thing (such as business cards) to meet my needs. But it doesn't work that way. Only coins. So if once I complete my full set of Washington quarters and the fun is over-- if I choose to sell it...it doesn't have anything to do with making a profit. It is just freeing up money to collect some more coins.
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Bedrock of the Community
United States
11951 Posts |
I am thinking it would be hard to put the average collector into one group. My guess would be that everyone's idea of collecting is different and for different reasons. For me I like collectable coins, but I also worry about the economy, so I stack silver. I would also think there are different levels of collectors based on age and income levels. Or maybe just what they feel comfortable paying for a coin. For me .. I am sure some see the different coins and notes I buy is crazy. I think I have a plan ... but plans are ever changing. I am trying to build a core to my collection. Coins I may never sell. Years ago I had thoughts of someday having a coin shop, and bought coins with that in mind. After working at a coin shop for several years I am not sure I would want the headache. Now I am watching, and making friends with , guys at flea markets. Also ebay sellers. There is a new plan forming. When I get older I might sell at a flea market or coin shows or online. More for something to do, but in a hobby I love. I know to do that right, a large inventory helps. Also when selling coins, I think it is not all about making money. I do find joy helping "true collectors" find the coins they need. I would suggest looking at how other collect with a open mind. And not how you think they should collect. Understand that not everyone can afford high dollar high grade coins. Many just collect for the joy of building their collection, the way they want.
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Pillar of the Community
Australia
7096 Posts |
Hmm What about the dealers that collect as well. Do you define them as Not really collectors even though their private collections are World class ? I would think that the people that are in this just for the money don't tend to stick around too long as there are FAR better and more lucrative ways to make money than dealing in coins  I sell coins every now and then usually because I have bought far too many of the same type or I have simply got bored with a certain series and can't be bothered with them any more. I also tend to give away coins just for the pleasure of helping out fellow collectors and bringing them some joy on occasion. At the end of the year however my collections are always larger/more complex and I am usually between 20-30k in the hole with my collecting expenses. I know many people that spend this much money on other Hobbies/activities that end up with nothing to show for it at the end of the day and that's OK with me because it is what they choose to do. This "pigeon holing" of collectors and the "snobbery" that sometimes goes with it is one of my pet peeves with Numismatics, It doesn't matter as far as I am concerned what, why or how someone collects and if they sell coins or not it has NO bearing on if He/she is a collector or not.
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Pillar of the Community
United States
1316 Posts |
I've only sold a dozen coins or so in my 20 years, most of that in the last year. It was always to self-finance coins for my focused collection. Some coins were ones I had for a while that no longer fit with my focus, so I essentially traded them out. Other times I had to buy a lot of 3-4 coins, but only one of them was pertaining to my collection, so I tried to get my money back from the lot in selling the other coins. I feel that I have become a better collector and maybe even delved into becoming a numismatist through selling those coins. I know my wife appreciates anytime I can fuel my addiction for as close to 0 net impact on the family budget as possible, a couple times it was the ONLY way to financially justify the "adoption to my family" :)
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Replies: 45 / Views: 4,465 |