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 Replies: 7 / Views: 1,487 |
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Valued Member
United States
111 Posts |
has anyone ever heard of someone selling an entire collection of IHC all in mint state, say MS64RB+? how about half of the entire collection selling at one time? how would you find said collectors selling? through ANA members? meeting folks at coin shows? on here? maybe rick snow? maybe it's too rare and such a collection is made over time? |
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Pillar of the Community
United States
3540 Posts |
Purchased over time, or, more than likely, hire an established dealer that travels to major shows/auctions.
Yes, it IS possible. Of interest, yes the key dates will set you back a bit in these grades, but some of the relatively "common" will set you back a fair amount of change as well.
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Rest in Peace
United States
4849 Posts |
You can find a lot of this material on ebay and Heritage auction houses. Expensive but entirely doable. Just completed a VF30+ set which includes the flying eagles, but this would not even compare to an MS64 set. |
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Pillar of the Community
United States
1590 Posts |
Entire collections are sold on a fairly often basis. But they usually are estate sales. Typically collections are broken up because a full collection usually sells for less than the value of the individual pieces. Lord knows why, but it's true.
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Pillar of the Community
861 Posts |
The only Numismatist that I know of that has anything like a MS64RB+ complete Indian Set would be Charmy aka "The Penny Lady". You can find her at all the major shows.
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Bedrock of the Community
United States
20753 Posts |
Quote:
Entire collections are sold on a fairly often basis. But they usually are estate sales. Typically collections are broken up because a full collection usually sells for less than the value of the individual pieces. Lord knows why, but it's true. This is completely true. It is the same with many things. For example you take an old beat up car to the jumk yard. You get less than $100 for it. Now go back to that same place and try to buy all the parts separately. Could cost more than a new car. Works the same with coins. A dealer I know recently purchased a massive coin collection. All were in Albums and most complete. Yes, and even a IHC in possibly all really high grade conditions. And yes he took all the Albums apart and place each coin in a a separate flip. The 1-1/2 sizes naturally for selling at coin shows. He will possibly make 10 to 20 or more times what he paid for the entire collection this way. As an example one of the Albums was all Standing Liberty quarters. He is asking $8,500 for the 1916 alone which he told me is much more than he thinks he offered for the entire set. If your planning on trying for an entire set of IHC coins, and all in MS grades, be expecting to pay a real, real lot of money. And most will have to be one at a time. |
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Pillar of the Community
United States
4337 Posts |
as a dealer looking to maximize profitability, it makes total sense to seek out and purchase entire sets of a series with the intention of breaking it up and selling piece meal...
but as a collector, why would you want to buy a series like that? isn't the excitement in what we all obsess over in the hunt over time? Finding the uniqueness of a particular year issue of a series and having to have "that one" in the collection? It seems to me that just plopping down "X" dollars for the set already put together for you takes away from the lure and excitement of looking for coins....just MHO
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Rest in Peace
United States
4849 Posts |
agree with dsfreeworld. This is one way that the dealer/collector cycle works that keeps collectors happy and dealers with extra green in their pocketbooks. I'm a collector, but do like to sell coins for a profit every now and then. If I was to buy a whole set, it would be to cherry the ones needed for my collection and then hopefully profit on selling the remaining set.
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Replies: 7 / Views: 1,487 |
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Posted 08/27/2014 11:07 pm
