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 Replies: 22 / Views: 3,277 |
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Bedrock of the Community
Australia
21788 Posts |
I did trade my entire collection, but not to get a single coin. The cash was used to raise half of the deposit, and be able to get a mortgage on our first home.
My entire collection was sold off at public auction, waaay back in 1976.
Soon after moving in, I started to build an entirely new collection.
Managed to pay the mortgage off on a single income, seven years later.
The most valuable part of my numismatic interest I was not able to sell. That was my passion for numismatics.
Thus, building a new collection was a 'no brainer' for me.
Nothing wrong with converting the value of your collection into a single coin, but
I feel almost certain that you will build a new collection around that single 'star' coin.
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Pillar of the Community
United States
4085 Posts |
I would be sure that I really really liked the one coin I was trading for. Beyond that, it's a straight value vs. value question to me.
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Moderator
 Australia
16862 Posts |
Trade... collection... as in, take all the coins out of the collection, and exchange them for other coins?
What a strange concept. Why would anybody do that?
My coin collection is like the Taklamakan Desert: coins go in, they never come out. Not for any money.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
2286 Posts |
Is this truly a hypothetical?
If not, tell us more details on the coins that are being traded for the single coin.
That way we can tell you if it's actually worth it or not.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Pillar of the Community
4628 Posts |
I will just say NO.
Even if its a brasher doubloon and you are handing over a collection of Lincoln Head pennies.
What fun is a single coin in your collection - does not matter how valuable it is. Think of it, just one coin in your collection - that is not even a collection. Collecting means to accumulate more than one of a generalised type of article, in our cases coins, tokens, banknotes or medals.
I agree with everything above too, it would have to be one amazing coin for that level of sacrifice. I mean with my collection, its always growing as I like completeing sets and then categorising, sorting and arranging all my side collections. Plus Halfcrowns and Florins are so attractive, they desire company.
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Valued Member
 United States
277 Posts |
Thank you all for your input! I really appreciate the different perspectives all of you have said regarding the subject. Because we're talking about value, I guess here's a related question I would love to ask you all regarding the near-term future of this hobby. Do you guys think the prices for most coins are inflated at the moment? Is the likelihood of a future dip in all prices in the market more plausible now than say 2 years ago? Can we expect prices to stay the same by the year 2024? I'm asking this as a young collector who has had an interest in the hobby for only 2-3 years, not 10-35. Have any of you experienced periods of price drops in the hobby over your careers as coin enthusiasts?
For example, I remember when Morgan/Peace dollar culls were going for roughly $16-$19 back in 2019. I'm astounded that those same culls at some shops are being sold for $28-$35! I'm not sure if I'll ever buy another silver dollar as long as vendors are asking more than $23 per coin (and that was considered expensive for culls 2 years ago).
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Pillar of the Community
Canada
5404 Posts |
Hmm .trading an entire collection for a single coin .
Interesting topic. Sure I would trade my entire inventory
for a finest known 1794 USA Silver Dollar or similar .
Would just need the right punter on the other end of the trade .
One thing to consider as you get older , have a plan as what to do
with large holdings .
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Bedrock of the Community
Australia
21788 Posts |
When you are older, much smaller holdings are much easier to dispose of, despite greatly increased value.
Edited by sel_69l
04/24/2022 7:31 pm
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Bedrock of the Community
 United States
18706 Posts |
i would consider it depending on the coin traded for. I had started to dissolve a lot of my collection last year. none of my grandchildren are interested and I dont want my wife to have to deal with it. I've enjoyed collecting them and looking at them for decades.
if I could limit the number to just a couple it would make liquidation a lot easier down the road plus it seems the rarer pieces have been increasing in value much faster than non-rare. at this point I'm more interested in investment rather than collecting. things change in life. full sets are difficult to sell as those interested (collectors) want to acquire them themselves. try selling a full set of Lincolns.
a lot depends on the series of the coin I'm trading for. I would want something that the series is on the move and a key coin in that series. it seems CAC stamped coins are moving even faster. so I would want the highest grade CAC beaned coin I could get.
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Pillar of the Community
Russian Federation
1557 Posts |
I would like to answer your first question. I would love to exchange a few coins (but here it should be borne in mind that I would exchange coins that I am no longer interested in, and only them) for rarer ones. Simply put, I would exchange a handful of coins at the price of 10 cents for one at the price of 5-10 dollars.
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Valued Member
251 Posts |
I have quite a big collection of World coins (by type) and sometimes think about downsizing it.
Therefore I can be ready to trade some of entire parts of the collection (something like "all the coins from one or several countries") to one rare coin which would fit another part of the collection.
So, theoretically I can swap a couple of thousands coins to a one:)
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Valued Member
United States
357 Posts |
I'd say there are three things I'd keep in mind: 1) value of the coins in question, 2) how likely you'd be to come across the coin you're looking for again at that price, and 3) how likely you'd be to replace the coins you're trading if you decide to collect them again.
1) It probably doesn't make much sense to trade higher value coins for a lower value one, unless you are absolutely convinced it's a rare coin whose market will take off in the next few years.
2) Will you be able to come across that coin again in the near future, or is it indeed a rare find? If you are likely to encounter it again, perhaps you could hold off. If not, then it might very well be worth the trade, assuming again that you're not really losing much, or any, money on that swap.
3) If the coins you're considering trading are ones you can easily acquire again, and the coin you're looking to acquire is not, then assuming the value is similar, I'd absolutely make that trade.
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Pillar of the Community
United States
7962 Posts |
Tough decision. As part of a downsizing strategy, I would say yes. I have been trying to downsize the space occupied by collection for the last 10 years. This can have benefits like pleasing the people you live with  BUT, when you have a single coin in your "collection" would you really be a collector any more? Yes, if you then rebuild around that one coin. |
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Pillar of the Community
United States
2335 Posts |
I'm in the process of getting rid of the bulk of my collection with an eye towards having fewer coins that are better quality and/or rarer. I have a good sized accumulation of common date coins that I'm just not as interested in anymore. I'd be happy to trade the lot for one or more coins that meet my current interests. Having said that, I doubt there's anyone that's looking to go the opposite direction with their collection.
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Pillar of the Community
Russian Federation
1557 Posts |
I completely agree witht rdhrdr007 and tdziemia.
I think all collectors go through this. When you just enter this, you start buying everything, and you realize that you would like to collect, for example, only Russian coins. And in order to have the means to buy new copies, you sell old coins that you bought out of stupidity and due to low knowledge of numismatics. And now you are happy to have sold all the unnecessary coins and buy only Russian coins. Later, you start making your collection narrower here, focusing all your efforts on coins of the USSR. And you are already selling coins that do not fit into your collection. And it goes in a circle. I believe that buying and selling coins is also an integral part of collecting.
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Replies: 22 / Views: 3,277 |
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First Page
Posted 04/22/2022 8:18 pm
