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 Replies: 20 / Views: 2,796 |
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Pillar of the Community
United States
2764 Posts |
I haven't post much on the PM section but reading a lot of good comments/suggestion. So, here's my dilemma: I need to liquidate some asset to pay some bills (a few thousand dollars), here are the things that I can sell: 1) Collectible coins (currently listing some BU Lincoln Wheat Cents in PCGS slabs on ebay but probably not enough). Should I sell more or looking at option 2, 3, 4? 2) Selling some $5 Liberty Half Eagle gold coins (spot price is about the same as when I bought them) 3) Selling 90% US silver coins (spot price is below what I've paid) 4) Selling Mexican & Canadian silver coinage (spot price is below what I've paid) I have about 30 days to sell/raise the cash. So, which should be the best approach, consider the potential seasonal gain of PM (PM tend to rise in the fall & winter season) - would silver have a higher potential gain verse gold for the next 3 months? What would you do if you are in my shoes? Btw, I guess by stop buying other collectible coins (about $200/month) would help also..... Thank you for your input. Edited by SA4H
09/28/2012 06:13 am
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Bedrock of the Community
Australia
21786 Posts |
You easily have enough posts.
Maybe someone here in the CCF could be interested in what you have.
In each of your possible choices, you mention the spot price. Obviously a bullion fan. Just keep what you really like the most, consider sell the rest.
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Valued Member
United States
264 Posts |
@SA4H You are wise being a bullion fan because you can sell your PM's quickly. Everyone should keep in mind that collecting for numismatic reasons will expose you to tremendous loses when trying to quickly liquidate your assets. I do not want to see a smile on some coin dealer's face when he tells me he will give me spot for a NGC ASE MS70!  |
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Pillar of the Community
1283 Posts |
I'm interested, I shot you a PM
Thanks
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Pillar of the Community
United States
7840 Posts |
PM sent.
I have been selling off some of my neglected (loss of interest; antique pocket watches primarily and some duplicate upgraded slabs) items to finance my slabbed 7070. If your PM's shine is keeping your interest hang on to it and sell off something that you would not miss. I guess it depends on what other items that you could liquidate. It seems that PM's are still on the rise, but it's continuation is any-body's guess.
Edited by oih82w8
09/28/2012 08:26 am
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Pillar of the Community
United States
2150 Posts |
I noticed and put a few of your Lincolns on my watch list last night. Didnt realize they were yours at the time. Feel better about it now though, would rather see a fellow CCF member get my cash than some Joe shmo.
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Pillar of the Community
United States
3486 Posts |
If you provide a link to your ebay site we all might be able to determine if your collectibles are worth enough to help you meet your goal. A few gold pieces would net you more that a lot of silver pieces. Also, if you agree, post the quantities of each that you are willing to sell. Advice will then be easier for the members to give. You need to described three things: 1) What $$$ you need to raise, precisely. 2) How much and what you have for sale 3) Which coins that you have are the most important for you to hold back. |
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Valued Member
United States
200 Posts |
Selling gold will get you maximum money in minimum time. I would sell gold first if I really needed to sell.
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Pillar of the Community
United States
4008 Posts |
I agree, sell the gold first and then your least favorite coins, whatever they may be.
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Pillar of the Community
Mexico
1304 Posts |
Personally, hold PMs for as long as you can. When the time comes, I'd let gold go first if the market still looks like it has a good upside potential for silver (which I am a fan of).
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Bedrock of the Community
13014 Posts |
Personally if it comes to paying a bill or hold coins its a no brainer to sell and pay the bill. I would sell the gold first and see where you stand after the sales since those not only will bring the most money but also have the most to lose if the market switches.
After that I would sell the most easily replaceable coins you have starting with the least favorite.
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Pillar of the Community
United States
3670 Posts |
I think the gold would get you there quick an low shipping cost as well, BUT gold will be worth the most IMO down the road and beyond, so why not move the foreign currency, and keep the gold 90% an old US coins, there is your money in time.... IF, you can get the money you need for the foreign items.... And you can of course sell to a member or two here, save fees and get it all shipped in one lump sum or two.... |
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Pillar of the Community
 United States
2764 Posts |
Thank you for all the great input so far.
Initially, I need to raise about 2K by the end of the month and by the end of the year, I need to raise from 10K to 20K because of some major bills come due.
The hardest part right now is to decide on which to let go.... they seemed to grow onto me over times.... my self-argument is that they have value above and beyond my possible asking price.... and what if I can't get them back at latter for the same or better price..... I've been delaying and delaying but now the inevitable come.....
Thank you those have shown interests.... I'll keep in mind and once I've sort out what to sell, I'll let those people know.
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Valued Member
United States
310 Posts |
Depends on how attached to your collectible coins you are. I would sell them first if you aren't terribly attached. The gold and silver have an intrinsic value that over time have proven to always increase in value. Since some of the stuff you would take a loss on, I'd just hold those, and if you need to do things quick sell the gold since it's a no net loss situation.
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Valued Member
United States
103 Posts |
I would sell the $5 liberties because you wouldn't be taking much of a loss if any on them.
I personally believe that silver has more upside potential that gold, % wise but that is just me.
Good luck with your situation.
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Valued Member
United States
71 Posts |
Simple .... sell gold for little or no loss
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Replies: 20 / Views: 2,796 |
Posted 09/28/2012 08:12 am
