I'm New! Help Me Value My Collection.. (Mostly Proof Sets) - Page 2

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Author	Replies: 21 / Views: 3,298	Page: of 2

Jmaokoen New Member United States 33 Posts	Posted 01/15/2013 8:30 pm Wise words. I think it's safe to say everyone on this forum is hoarding at least a little silver! Report this Post to the Staff
ghostrider Pillar of the Community United States 1116 Posts	Posted 01/15/2013 9:29 pm Not me. I not hoarding silver. I lost mine in a boating accident out in the Mohave. It was tragic. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 01/15/2013 9:33 pm Quote: I am definitely interested in keeping at least part of this collection. I am not interested in collecting for the sake of collecting, but I am extremely interested in collecting as an investment. The above statement is one you'll eventually find is not to smart. Almost any hobby should be just that, a hobby. Something to pass the time, have fun, go places to meeet others with the same interests, etc. Like with cars, for example, some spend many, many thousands of dollars on a car and then brag about it being worth many thousands. Of course after they take away the money spent, no profit at all. Coins, stamps, guns, etc. are all just hobbies. Of course there are those that buy and sell all the time. Those are the only ones that really come out ahead and in many instances, they don't either. Many coin stores start out as coin stores and eventually end up carrying other products or go out of buiesness. All I'm trying to say is keep what you've got. Allow it to either grow or just wait for tomorrow. You too may possibly leave it all to someone that wants to be a coin collector. Report this Post to the Staff
TrippingBillie New Member United States 5 Posts	Posted 01/17/2013 4:02 pm Thank you all very much.. I really appreciate the responses. I 110% plan on keeping my grandfather's entire investment together, whether it be as is or in a different form. For what it's worth, I haven't sold anything yet and I think that the longer I hold the proof sets, the less likely I am to sell. But at the same time, it feels foolish not to sell.. I hope I'm not stepping on any toes here, but I just can't seem to justify holding 250$ worth of coins that are increasing in value only slightly, if at all, with little long term upside; when at the same time, I can sell and nearly double my current silver holdings, which I believe will definitely increase significantly, all while still keeping the investment complete. Seems kind of a like a no-brainer to me... I guess we'll see... free time is tough to come by for me right now so I haven't had much of a chance to head to a coin shop. I'm certainly not rushing out and jumping at the first deal I find, but if I find a good offer from someone who is willing to trade for silver bullion... think I'll have to pull the trigger. Report this Post to the Staff
Rupre07 Valued Member United States 176 Posts	Posted 01/17/2013 4:25 pm I'm not trying to be a downer, as I have much invested in silver myself, but don't get over anxious about buying silver as it has had significant dips ($49-$27) in the past. What I'm saying is don't expect to make a huge percent on your buys right away, but also don't be discouraged by occasional dips either. Report this Post to the Staff
Buddy Rest in Peace United States 7075 Posts	Posted 01/17/2013 6:48 pm I'm happy to learn that you aren't in a hurry to sell right away. Here's some advice from an (ahem) older woman. You're young. You may still be single now, but someday you might marry and have a few kids. Wouldn't it be nice to be able to give them something that's been in the family for a couple of generations? Proof sets don't take up a whole lot of space and while they are not big money-makers, they won't be worth less and less over the years. As for silver -- pick a budget and stick to it. Buy low, etc. If you don't spend your entire budget one month, set that money aside and save it up while you learn about buying and selling. I think a lot of people think that they will wait until silver jumps back up to $40 and they will run to the coin shop and sell. Well, the shop owner can't stay in business buying everybody's silver when the price is high and you will be his newest customer. Just saying... you're wise to take your time. Report this Post to the Staff
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