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 Replies: 33 / Views: 4,183 |
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Pillar of the Community
United States
767 Posts |
...to get stuff you're more interested in? Recently, I sold some low grade halves, a couple Morgans, and some random "cull" coins so that I could buy a few coins that I have more interest in. I had those coins from when I first became interested in collecting, and didn't know what to collect. Now sometimes I really crave certain types of coins - the types I've decided to focus on. I still have some circulated Franklin halves, some ASEs, a silver bar, and some other random stuff laying around, none of which I pay much attention to. I'm into large cents and Peace dollars now. Those are my main two areas of focus. If you were me, would you sell the random silver stuff and buy a couple nice large cents or Peace dollars? Or should I hang on to the silver in case of the apocalypse?  Edited by scottk
03/21/2015 10:11 pm
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Pillar of the Community
United States
1536 Posts |
Why don't you wait and sell your silver when the price is higher? I sold silver when the price is high and bought other things.
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Pillar of the Community
United States
3843 Posts |
I've never sold anything but might at some point. I'd like to get out of some mistake purchases but feel I'd have to take too big of a loss. Might as well keep them around to remind me to buy something only when I think I will enjoy it long term.
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Pillar of the Community
United States
7390 Posts |
Wait until after the 2016 election to sell your silver once the Obummer era has past
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Pillar of the Community
 United States
767 Posts |
Yeah, I had forgotten about the spot price. I would lose money if I sold now since I bought them before the big dip below $20 per oz.
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Pillar of the Community
United States
1536 Posts |
Quote:
Wait until after the 2016 election to sell your silver once the Obummer era has past What is this nonsense? |
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Pillar of the Community
United States
7390 Posts |
Ha ha Just thought I'd spike some ears with that one;~) I am thinking metals won't move much until then though
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Valued Member
Canada
160 Posts |
Yes I would I prefer have coins versus silver any day of the week.....just owning silver to me is boring!!
Edited by redcentcollector
03/21/2015 11:46 pm
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Pillar of the Community
United States
767 Posts |
Guys... It's a question about what to do with my personal coin collection. I'm about a year into collecting, and I asked because I want to know what other, more experienced collectors do. Any way we could not turn it into a political brawl and wind up with the thread locked?  |
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Pillar of the Community
United States
767 Posts |
Redcent, it is boring, but for some reason I've always had this feeling that I may need it some day, or that somehow it will make life just a bit easier in the future - like a savings account.
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Pillar of the Community
United States
7390 Posts |
Nothing political just a light joke. I used to be a silver bug then got into coins which are a much more sound investment now that I know what I'm doing (kinda) and now I'll take a loss on bullion to gain a nice coin in a heartbeat if needed
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Pillar of the Community
United States
1839 Posts |
I think what you're going through is a fairly common occurrence early on in collecting. You say you're about a year in, that sounds about right. You're starting to figure out what sparks your interest and as that happens other things lose their sparkle so to speak. I see no reason not to sell them and consolidate into what interests you more now however I'd also like to offer a word of caution. Your interests will likely continue to evolve and you may find that you have interest in completely different issues a year from now. As long as you realize that is how the process works then I'd say do whatever your collecting heart wants.
One other thing I'll mention. I find that it helps to do a lot of reading about all kinds of coins, even ones that you don't think you have any interest in. After that, read some more. The more you read the more likely you are to really find what speaks to you. For me it turned out to be proof type coins but it took quite a while before I found myself in that place. I've owned a lot of varieties of coins along the way and have sold many a coin that no longer interested me so it may very well just be part of the process of finding your niche.
Edited by Tbone
03/22/2015 12:31 am
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Pillar of the Community
United States
767 Posts |
A silver bar was the first thing I ever bought, but the more I read, the more I felt that silver eagles, or foreign government minted coins were the way to go - more easily identifiable, and back by the government for $1.00
Now I have very little interest in that sort of "stacking". I mainly collect coins that would be worth 1 or 2 cents as far as melt value.
I just don't know if alot of long time collectors sell, or if more of them just keep every coin they ever aquire.
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Pillar of the Community
United States
767 Posts |
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Pillar of the Community
United States
9395 Posts |
Quote:
I just don't know if alot of long time collectors sell, or if more of them just keep every coin they ever aquire. Since I started collecting decades ago, I've kept every single coin, except for one. Back around 1970, there was a tradition to give a silver dollar to the first person that saluted you as a newly-commissioned military officer. I picked a relatively worn Morgan dollar to give away to one of the ROTC sergeants lined up at the commissioning ceremony to get their dollars. |
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Valued Member
United States
116 Posts |
I'm kind of in the same boat, have a bunch of common date WLs, Franklins, Morgans, and some ASEs that I'd like to sell to get some rarer dates I need to fill out sets. Right now I'm at a stand still waiting for the price of silver to go up.
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Replies: 33 / Views: 4,183 |
Posted 03/21/2015 10:09 pm
