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 Replies: 11 / Views: 1,665 |
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Pillar of the Community
Canada
617 Posts |
I know this is a strange question but if you ever decided to sell your collections and you collected coins and paper money and NCLT what would you sell off first and what would you hold on to until the very end ?
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Pillar of the Community
Canada
1505 Posts |
1. Most NCLT (almost always goes down in value the longer you hold)
2. Most Paper (low grade/stuff I liked the least)
3. Most Coins (stuff I liked the least)
4. Repeat in same order with remaining inventory
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Pillar of the Community
Canada
1269 Posts |
I would definitely sell off the NCLT first. The RCM produces very nice coins, but they also produce a lot of them. |
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Pillar of the Community
Canada
3049 Posts |
I think I have all of 3 NCLT coins... so those would go first...
Then I think I would sell my paper ... and finally my coins....
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Pillar of the Community
Canada
5417 Posts |
Don't really have much paper or NCLT to begin with, but I'd sell of whatever I had of those before selling off my bullion and then finally my collectible coins.
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Pillar of the Community
 Canada
2360 Posts |
First - sell off the coins to which I have any duplicates.
Next, coins I bought because I thought they were a "bargain".
Then, sell the coins deemed nice to have but can live without.
Only sell the bullion if at a higher value, Privy Marks last.
Then it should go, ungraded, then graded, then special varieties
and error decimal coins. This whole topic makes me queasy.
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Moderator
 Australia
16826 Posts |
I collect all three, but coins are the priority. So my order would be:
1. Paper money.
2. NCLT.
3. Circulation coins.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Bedrock of the Community
Australia
21786 Posts |
Depends on what sort of collector you are. I collect coins.
I also had all three categories, but I gave perhaps $4,000 NCLT in collector value to my kids.
Have very little NCLT left, most dated before 1950. Have perhaps 65 World silver crowns, most dated before 1950, perhaps half of those circulated, the rest of these may be considered as NCLT.
I have retained a perhaps one hundred low (collector) value notes, but they are not the main focus of my collection.
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Pillar of the Community
Canada
2519 Posts |
I would sell beginning from what I like least. It's not necessarily that I like a certain category more than the other, I might like some coins more that is in a category that I don't focus much on.
I would go from NCLT, paper money, then the coins.
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Pillar of the Community
Canada
1984 Posts |
I continually try to sell every coin that is not core to what I am collecting. While there are many interesting coins out there, and a fair number pass through my hands, I feel that it is important for my collection to have a meaningful focus. I regularly acquire coin lots with the intention of only keeping 1% or 2% of what I buy. I have only regretted selling one coin out of many thousands sold.....and that one I only regret because I have recently added a new ( and somewhat oddball) area of focus.
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Pillar of the Community
Canada
2845 Posts |
I suppose it might depend on the reason why I'd sell off my collection. If it were financial then I'd expect the 80/20 rule would apply - 80% of the value would be from no more than 20% of the collection.
But if my goal was simply to downsize and eventually eliminate my collection I'd sell NCLT, banknotes, then coin,- duplicates, smaller decimals, nickel, leaving varieties, higher grades/low mintages to the last.......which is likely where 80% of the entire value lies.
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Pillar of the Community
 Canada
617 Posts |
The general consensus seems to be NCLT first to go then paper money. Coins we keep to the very end.
Thats just the way I would do it too. I just wanted to see what others thought.
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Replies: 11 / Views: 1,665 |
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Posted 05/02/2015 9:34 pm
