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Question - What Do You Do With Your Duplicate Coins

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Author Previous TopicReplies: 23 / Views: 4,511Next Topic Page 2 of 2
Bedrock of the Community
United States
11951 Posts
 Posted 08/28/2010  6:22 pm  Show Profile   Bookmark this reply Add GR58 to your friends list
Sounds like some members keep them all and some sell .... or trade.

Fatboy ... you got me curious .. what sets are you working on.

As for the desk .... I try to keep only what I am working on most at the desk.
And a roll top desk works good for me .. lot of places to put things.

Most of my coins are in my safe .. or SDB. That can make it hard I have boxes or rolls/coin tubes.
many of them are mixed date coins. Lately I have been trying to put extra sets of quarters together to sell at two local coin shops .. so can get to be a mess when I am sorting thru rolls.
Valued Member
United States
313 Posts
 Posted 08/28/2010  6:52 pm  Show Profile   Bookmark this reply Add Fatboy to your friends list
Gold
My current want's are early Morgans 78-86,Barber Half's(most),and Franklin Halves(about 8 or 9 still needed).
Bedrock of the Community
United States
11951 Posts
 Posted 08/28/2010  7:41 pm  Show Profile   Bookmark this reply Add GR58 to your friends list
I am not actively collecting those yet ... but have been putting some away ... for when I do
Valued Member
Philippines
386 Posts
 Posted 08/28/2010  7:47 pm  Show Profile   Bookmark this reply Add Pandesalapi to your friends list
I normally re-sell most of my duplicates for more funding to buy other coins. After years in the hobby, I notice that we tend to become insatiable in terms of looking for more nice coins, continuing to endless upgrading...thus I go for sacrificing my previous coin thru re-selling duplicates and acquire new types of rarities
You have a superneat/nice working table GoldRush
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United States
23522 Posts
 Posted 08/28/2010  8:03 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
Heh. 80% of my collection is 1921 Morgan dollars. Duplicates? Nope - "additionals."
New Member
Switzerland
46 Posts
 Posted 08/28/2010  8:56 pm  Show Profile   Bookmark this reply Add vgasca to your friends list
I resell or trade them. Since you have a lot of newer coins you might not get much and you might have to wait a long time (maybe decades) before you get a handsome return. Instead of keeping them you could sell them now or trade them. Someone mentioned keeping them for their children but I have known people sell their fathers or grandfathers collections for much less than they were worth. Sometimes these benefactors do not want to deal with the whole grading-dealing-auctioning process. Maybe you can sell the ones that have a lower grade in order to buy newer once.
Bedrock of the Community
United States
11951 Posts
 Posted 08/28/2010  9:11 pm  Show Profile   Bookmark this reply Add GR58 to your friends list
Super Dave .. that must be a very big stack of 1921 Morgans.
New Member
Canada
2 Posts
 Posted 08/28/2010  9:18 pm  Show Profile   Bookmark this reply Add ShiptoShore to your friends list
Good Evening,

Eventho I'm new, I feel that keeping a lot of those coins that are duplicates will be in your best interest. Could work out in your favor if you decide to open a business, etc.
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Australia
16845 Posts
 Posted 08/29/2010  02:47 am  Show Profile   Bookmark this reply Add Sap to your friends list
I personally don't keep duplicates in my collection. Any "better" coins I obtain duplicates for usually go into my coin club auction (which is always looking for material). The rest all go into a duplicates tray, which is currently acting as a doorstop. Constantly seeing it there (and tripping over it) will hopefully prompt me to action and take it to a coin dealer. So far, that strategy doesn't appear to be working, because that thing's been sitting there for months now.
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
Pillar of the Community
United States
564 Posts
 Posted 08/29/2010  04:00 am  Show Profile   Bookmark this reply Add afclassic87 to your friends list
I tend to keep all my coins. I tell my wife I will sell them once I get a duplicate. Once I do I tell her ill sell them once I get a full roll for that year. I have maybe 10-15 rolls of 1964 halfs. She has no idea I have that many and I plan to keep it that way. I guess I keep them so I could help out another friend if he was looking for a special coin.
Pillar of the Community
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United States
5953 Posts
 Posted 08/29/2010  07:18 am  Show Profile   Bookmark this reply Add nohope587 to your friends list
I'm with SuperDave. I don't have duplicates just additional coins or as I like to call them spares...
Bedrock of the Community
United States
17884 Posts
 Posted 08/29/2010  10:05 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
If they are in holders (2X2's, flips etc) I throw them into a box in the corner. If they are loose they sit around on desks, tables etc untill I clean up and then some of them wind up in one of my change containers. I know I have a bottle on the counter right now which has, along with pocket change, large cents, Two Cent, Indian cents, foreigns, seated material etc in it.
Valued Member
Canada
307 Posts
 Posted 08/29/2010  10:52 am  Show Profile   Bookmark this reply Add guppie1160 to your friends list
nice desk....ohhh and the coins are cool too LOL

If my extras have any decent value over BV maybe like $5.00 I keep them in boxes like yours...they can be good traders. Any that are pure BV I roll and cash in.
Bedrock of the Community
United States
20753 Posts
 Posted 08/29/2010  1:10 pm  Show Profile   Bookmark this reply Add just carl to your friends list
I place coins mostly in Albums. Over the years as I acquire a better coin than is in an Album, it goes in and the one that comes out goes into a 2x2 and into those long, two row boxes. If I come accross a new Album of coins I may have duplicates of, I start a Duplicate Album, naturally in a lesser grade than #1. I've been able to talk dealers at coin shows to just give me any Albums they don't want since they bought them for the coins and removed all the coins. Mostly in the past they throw them out. Due to this I have now well over 100 Albums, not exactly sure how many and most all full. I get an Album and fill with coins from the 2x2 duplicate boxes.
As examples of this I'm now on set #12 of Mercury dimes, #10 of Lincoln Cents, etc.
I never sell coins although in the past I've given many to YN's.
The biggest problem with this system is if I acquire a fantastic coin that should go into Album #1, then I must move the one from #1 to #2. Then the one from #2 to #3, #3 to #4 and on and on and on. That is where the fun really ends and my fingers get tired too.
New Member
Canada
39 Posts
 Posted 08/29/2010  2:07 pm  Show Profile   Bookmark this reply Add Powderfinger to your friends list
My doubles are mostly low value world circulating coins, and they have built up in several boxes over time. About 25% are in 2X2s and the rest are loose.
My intention is to find some collectors with similar interests and do some bulk trades. Once I have been here for a while, I will explore the trading forum.
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