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 Replies: 33 / Views: 4,910 |
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Pillar of the Community
Canada
2495 Posts |
Good strategy PimPim,
$60 silver is a lock bet for the future, so your plan is a good one!
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Valued Member
 Canada
457 Posts |
Thanks to everyone so far, there have been a lot of good ideas. I think for my self I'm going to need to do a lot of work  I think to start I will need to down size considerably, start by changing my collection to quality instead of quantity. Next I tried the idea of scanning and printing a page out of one the binders, worked great  then I just wrote the price they are selling for on ebay and then put the page in the front of the binder. That should at least make anyone in the future stop and think before they PAWN ! My treasures  Now the hardest part ...... finishing the job lol |
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Rest in Peace
United States
9104 Posts |
Locally, a doctor died, leaving his kids a beautiful, well-maintained, expertly landscaped home in a prime neighborhood.
They all had homes in other towns, had plenty of money, didn't want to play landlord, etc.
They sold it for roughly half of other homes in the neighborhood. Basically, the first money that hit the table.
Coins have even less interest to a non-collector.
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Pillar of the Community
Canada
2781 Posts |
 and btw matthewvincent... if you need an heir I just recently put myself up for adpotion  |
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Pillar of the Community
United States
629 Posts |
One thing that I have learned is that there are COLLECTORS and NON COLLECTORS. You know who I am talking about.
We collectors have the stories, the coins, the great deals that we have made, etc, etc.
The Non Collector wants to know what's your most valuable thing and what's it worth and why don't you cash it in?
My wife is a classic example of what's it worth and lets go sell it as I want the money. She doesn't seem to care. I have some pride in what I collect, she shows no interest. My collection will one day become someone else's collection I hope.
This year I am going to participate in my coin club's coin show, I will be sharing a booth with another collector and I will see if I can dump some of my commons and rolls. Give her (wife) some of the money and the rest of course keep hoping to invest in another good deal.
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Pillar of the Community
United States
1757 Posts |
Best thing is when you turn 65 sell ... then collect in moderation with frequent turnover. Stacks/Bowers or Heritage to liquidate. Only 50,000 people in the U.S. subscribe to Coin World. That's the size of a medium size town ... unless you are a DMB'r ... whatever ... wishful thinking ... |
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Pillar of the Community
Canada
849 Posts |
I'm glad I dont have to worry about this for a while (seeing I'm only 29) but I plan on hopefully passing on my collection to my future children. Hopfully they will enjoy collecting as much as I do :).
--James
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New Member
Canada
3 Posts |
Just recently I saw a couple bid on a storage unit and the coins inside were amazing. Many in protective casing and you could tellsomeone cared.
They called in someone who offered $3000 for the lot....it nearly broke my heart because the young couple just did not know any different.
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Pillar of the Community
United States
629 Posts |
I sell my coins on occasion to other collectors in my coin club and plan to sell them at an upcoming coin show that I will have a table at. I will make a profit but at the same time I will be fair in my pricing. What I have collected I feel is the best that I could find at the time. If I sensed that someone would hang on to them for a while rather than turn a quick profit, I might even give that person a better deal. I would like to see the coin preserved and kept rather than end up in the melting pot. Perhaps I am naive of what will happen with my coins and the new owner will do what they please with them. But I will be happy in that I made the right decision.
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Pillar of the Community
Canada
1984 Posts |
I dont plan on giving up my collection any time soon. But I am trying to get my collection very focused and organized so that it is relatively compact and easy to deal with. If one of my daughters decides to keep it even if she is not that interested, it won'e be a big hassle and she will know exactly what she has got. I am getting rid of all the bulky mundane stuff. In the last year, I have probably sold off 50 kilos of mundane stuff on ebay, kijiji and through other means. But can't help myself! I just bought 19 rolls of cents yesterday...... |
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Rest in Peace
United States
9104 Posts |
 , Angel1! |
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Pillar of the Community
Canada
3692 Posts |
The newest CCN has an article about this exact topic. Your options are: "public auction or mail bid sale, outright sale to a dealer or collector, self-liquidation through an advertised sale, or consignment to a dealer for retail sale." With auctions you will not see your money very fast as it takes months to submit a lot and months to receive your cheque. The best avenue is to list an ad, in my opinion. (Article by Peter Mosiondz, Jr.)
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Previously Ousted
Canada
398 Posts |
Hello Wade...
are you suggesting you had a TM granted to your "coin collecting... I'm in it for the money ™" or even a part of it?
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Valued Member
Canada
183 Posts |
Wow you old Pros are on top of your collection, I guess I am not the only one!
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Pillar of the Community
Canada
1700 Posts |
Quote:
My wife was giving me a hard time about my coin addiction recently Coin collecting is just a hobby. maybe sometimes a job but that doesn't happen a lot. As long as you're not doing it all day long, your wife should understand that you're taking coin collecting as a hobby. |
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Replies: 33 / Views: 4,910 |
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Posted 02/14/2012 1:49 pm
