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 Replies: 9 / Views: 2,939 |
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Pillar of the Community
United States
1083 Posts |
No not me. My 7070 isn't quite complete yet. I was wondering if anyone had an idea if a completed album could be sold for a premium above the value of the individual coins? Two reasons I ask this question. I haven't begun to move my coins over to the brand new album yet. Many, but not all, of my type coins are slabbed and will have to be cracked out to place them in the album. Obviously they are worth more if left in the slabs. Second, I am nearly sixty, retired and diabetic, if the wolf comes to my door because of health, would it be better to sell the whole album or each coin individually (hmmm, guess that is really the same question)? I have seen some type coins on ebay photographed in what looks like a Dansco album and offered with the remains of the old slab they were taken from. They seem to go pretty much price wise, as would a raw coin? If there would be some premium for selling a complete album,  than that might compensate for the loss in market value for cracking the coins out, besides the pure enjoyment from having them displayed in an album. Thanks. Colin |
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Rest in Peace
United States
2684 Posts |
OC, my own feeling is a very qualified "Maybe". I think it would depend upon the qualities of certain rare and uncommon coins within the set which would likely be the target for acquisition of an entire set. I am not certain many would be interested in an already completed set since the enjoyment lies in filling a 7070 rather than instant gratification from purchase of one already filled. In other words, I think such a set would be purchased just to get two or three (or six or seven? Would depend on a buyer's needs) specific coins. The remainder would not be counted in the equation. I've seen many lots sell for the value of one single coin in the set which is rare or uncommon; the remainder just came along for the ride. Split up and sold individually, the lots would have been sold for lots (npi) more. Just my 2 FE Cents.
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Valued Member
United States
470 Posts |
Personally, I would be very interested in buying a complete 7070. I enjoy filling holes in my nickels, dimes and quarters albums but a 7070 is way out of my league. I don't have the time to research all the types and learn all the grading for each type, it's a life long passion that I don't have time for at this point in life. The being said I would certainly appreciate a well put together album that some one else has completed and would like to part with.
Priece would depend on the quality of the coins but I wouldn't mind paying a premium at all. The way I figure, the guy who spent the years putting it together should benifit as well and get more than cost or current value.
I don't know about cracking slabs ..what kinda grade and how much do you have invested in grading fees? At this point, I would take the wait and see approach ..do some reseach on what complete sets go for , when they come up for sale and weigh all of your options before you crack a seal.
Edited by Andrew289
01/26/2007 7:30 pm
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Bedrock of the Community
United States
14454 Posts |
I have cracked out ALLOT of coins from slabs to fill my dansco because I do not know how to grade some very well and some are just so highly counterfeited that I had to get them slabbed to be sure it was legit. I usually do not end up paying a premium for the coin anyhow whether it be in a slab or raw because I do look at other coins that I thought were comparable grades and I usually gave around the same price as a raw one went for. I have seen a few Dansco albums sold complete and they went for a pretty good bit because not only do they get the coins they don't have to spend the time to put them together and both is worth something to a collector, so I guess a short answer would be Yes I think a complete album would go for a premium higher than selling each coin seperately
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Pillar of the Community
United States
954 Posts |
Selling each coin individually is the only way to maximize profits.
Edited by Becky
01/26/2007 7:46 pm
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Valued Member
United States
394 Posts |
"Selling each coin individually is the only way to maximize profits."
Becky
okie-colin, I will go along with Becky and as a retired MBA, you know that the best route is to get the greatest bottom line possible.
Leave the slabbed coins as "is" and sell them that way. Takes a lot of verbiage, such as: grade, authenticity, and condition out of the potential sale since the TPGs have certified the coins.
Berry
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Pillar of the Community
 United States
1083 Posts |
Hey Berry, how did you know that I was a retired MBA? I appreciate all the comments and I believe I have concluded that I need to keep them slabbed and just keep working on the ten or so coins I need (not counting the gold). If and when I am totally sure I won't need to sell them, I may put them in the album.
Colin
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Bedrock of the Community
United States
14454 Posts |
I cracked all of mine out because mine will not be sold in my lifetime unless something unforeseen happens, but as I said it really doesn't matter because I didn't pay a premium over a raw coin for any of mine anyhow
Edited by Bryan1315
01/26/2007 9:29 pm
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Valued Member
United States
394 Posts |
Hey Berry, how did you know that I was a retired MBA?
okie-colin
Well okie-colin, I read it in your profile..I need all the information possible before: "I open mouth and put foot in it". Sounds like you made a good choice to keep them.
Berry
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Valued Member
United States
128 Posts |
I just started my 7070 set and can't wait to complete it, but I know it will be at least 5 years before I see that...the Gold Type set alone is enough to make one dizzy...
Bryan
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Replies: 9 / Views: 2,939 |
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Posted 01/26/2007 7:26 pm
