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 Replies: 18 / Views: 2,749 |
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Valued Member
United States
339 Posts |
for some reason I am no longer interested in coin collecting seeing as how other things are on my mind and I'm ready to sell my silver horde. well, its not much of a horde but its roughly $150 worth in silver that I got for face value over time through my registers at work (excluding my silver eagle). ive called up several places to see how much silver coins were selling for and my best options are ebay or my local jewelry shop, the jewelry shop might be easier seeing that I can avoid the hassle of printing shipping labels and going to the post office 15 or more times just to get rid of these coins. ive also been told I can sell here once I reach a certain amount of posts and would like to see these coins go to someone who could appreciate them as much as I have and them not going to be melted |
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Pillar of the Community
United States
2541 Posts |
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Valued Member
 United States
339 Posts |
i was hoping to turn this into a long term investment option but a ton of short term bank withdrawals (especially gas from driving between 2 jobs 7 days a week)and more recently my computer breaking down me, I need the money to build a new PC and the money I can get from selling with pay for some parts
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Pillar of the Community
United States
919 Posts |
Sorry to hear that. I know you joined CCF around the same time as me (November). I remember seeing your posts about going to a coin store for the first time. I hope you are able to hang on to something. I was away from coins for 15 years. Maybe you will return. Good luck selling.
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Valued Member
United States
339 Posts |
i might just hold onto that silver eagle I got from the coin shop, even though its about a third of of my silver value, id prefer not to sell my coins so if I can just hold out until tax returns get here and wait for silver to go back up.
im really on the fence about selling so it may not be time to call it quits just yet
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Pillar of the Community
614 Posts |
Sell only the bullion with no numismatic value  |
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Valued Member
United States
339 Posts |
thats actually a good idea, as time goes on itd be harder to find the actual coins like quarters and dimes, I mean, its almost 50 years since they stopped making silver currency, and bullion is always produced, I think you just changed my mind and ill just sell the silver eagle when silver goes back up and get back more than what I paid for it
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Pillar of the Community
614 Posts |
Oh wow, I am so glad to have impacted your choice! Saving the hobby, one member at a time.  |
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Valued Member
United States
339 Posts |
you really did, these things will probably be worth a lot more in a year or shorter and ill have to kick myself in the face for selling so quick
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Pillar of the Community
United States
3843 Posts |
Sorry to hear about your financial troubles. A lot of collectors see their interest in coins wax and wane many times over. Perhaps when you feel more secure you can enjoy coin collecting again.
Best wishes,
Joe2007
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Valued Member
United States
339 Posts |
yeah, its kind of unfortunate that it may have to come down to selling my collection albeit a very small collection, like I said, ill try to wait out until tax returns, I should be fine
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Bedrock of the Community
13014 Posts |
My advise would be that if you need the money sell what you need to to pay the bills. I would start with bullion first and basically hold on to your favorite items if possible.
My reasoning is that if you need the money you need the money. You can always get more coins at a later date but debt will grow and cost you more in the long run. I would add though that even if you do have to sell if you like coins dont let that sour you on them. Just think of it as a vacation from collecting
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Valued Member
United States
339 Posts |
its funny because my favorite one right now is the silver eagle, I got a plane ticket to new york for my "birthmas" and I'm leaving for a week, I will see how silver prices are when I come back, I heard silver prices are supposed to go up a lot int he next couple months
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Valued Member
United States
386 Posts |
I understand how your interest has fallen. That happens to many of us in our various pursuits. I've always wished I could be single-minded and stick with interests for a lifetime, but it hasn't worked out that way. However, I have returned time and again to several passions and hobbies over my lifetime. It will probably happen to you. I feel for you, having to sell your coins. My thought is that you should sell the eagle; you can get another one when you're in better financial shape. But keep the coins that are, well, antiques. Some day you will return to them--and I'd love to feel the joy that you will feel when you look upon them again.
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Pillar of the Community
United States
3278 Posts |
Sounds like your fairly young, when I was in my 20's money was tight as well.
Plenty of time to get back to coin collecting if you decide to, and the cash flow will improve
with time and hard work.
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Valued Member
United States
416 Posts |
I like the "vacation from collecting" idea. There's no law that says you can't start up your collection again in the future.
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Replies: 18 / Views: 2,749 |
Posted 12/28/2012 11:04 pm
