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 Replies: 33 / Views: 2,889 |
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New Member
United States
33 Posts |
Poll Question
I have often thought about selling my enitre collection and investing all of it into one single high grade super key date coin. If you would get a fair offer for your collection or fair trade for a super key date coin would you do it? 
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Pillar of the Community
United States
2443 Posts |
I said no. I'm a coin collector, not an investor. I wouldn't be able to just buy one coin and be done with it.
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New Member
 United States
33 Posts |
You know, that sums it up pretty well, I've thought about it MANY times but I always end up picturing myself "lonely" without my collection and all the coins that I so frequently go through. As tantalizing as a nice 1916 SLQ might be I just don't think I could do it, it's all about the hunt I guess...
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Pillar of the Community
United States
1424 Posts |
I voted no also, but I often think about selling off some common & semi-key dates to get the key dates. I've never done it though.
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Pillar of the Community
United States
533 Posts |
Gotta say no. I still love thumbing through my Good Barber dimes too much. Plus, when my two year old grabs a handful and starts throwing 2x2's about, I don't have to worry about minor damage to any major coins. In fact, we both seem to have a good time!  |
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Pillar of the Community
United States
2764 Posts |
I choose option 3, it's depend.
I spread my capital over a wide range of different coins. I would rather have complete/good looking coin set than having many of them.... ie, shrinking my collection down, but not down to one coin. I may be ok with holding all the key & semi-key date coins w/out a complete collection... but not just one ultra key coin.
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Pillar of the Community
United States
2177 Posts |
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Valued Member
United States
130 Posts |
I wouldn't mind selling off some and having a specialized high grade collection but there are just some coins I would not sell - even some duplicates. If I only had pennies and halves, I tell myself, then I'd be happy. But what about these Half Dimes, III cent ... Nope, just can't do it. |
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Pillar of the Community
United States
834 Posts |
I said no because it has always been the joy of collecting for me, I love the search and the beauty of all my different coins. It never has or every will be about an investment it is my opinion that the only people who will every make a huge amounts of money investing in coins are the wealthy.
THE OTHER BRUCE.
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Pillar of the Community
United States
5318 Posts |
If you want to regard coins as investments, you might consider what they say about stocks: diversify your portfolio. Unless you can weather any possible risk, I wouldn't put all my hope on one thing, whether that's a single stock or just one coin. There's really no telling which way the market will go, despite the assurances that certain coins should do x % per year. Just like the stock market, if everyone thinks a particular coin is a sure thing, there's grounds to question that assumption.
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Pillar of the Community
United States
1934 Posts |
No way.
I think having coins, e.g. 500 wheaties worth $3 each, is far more interesting and valuable (in so many different contexts) than having one (or one type of) coin.
I also think about "legacy." In 25 years, most of my children will be as old as I am and, personally, I'd like to leave a (more) expansive historic legacy of coinage rather than some so-called "motherlode" of one.
I collect books, too...about 8,000 now. As with my coins, I love to go through, fondle, look, smell, and scrutinize them like that medieval hoarder from some old fable, long ago.
Would you trade in complete sets of 1sts of Kipling, Dickens, Haggard for one set of a contemporary?
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Pillar of the Community
United States
1984 Posts |
It would probably be a better investment. If you do it right over the course of a long life, with proper discipline, you could probably trade your way up to a single amazing--perhaps unique--coin, and then you could sell it and retire.
Not gonna happen to me though. I'm gonna die a poor collector.
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Pillar of the Community
United States
6326 Posts |
I said no too.....I also love a variety to my collection and will always add to it. I want a lot of everything. Low grade, medium, and high grades of all types and era's
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Bedrock of the Community
United States
20753 Posts |
Couldn't sell a coin. I'm a collector, not an investor. Collecting coins should be fun. Same with any hobby. If a person is into a hobby as an investment, way to many ulcers.
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Pillar of the Community
United States
2600 Posts |
If I could get the right price, I would do it in a heartbeat. 1st, you own an amazing coin. 2nd, you have an excuse to start all over again. 3rd, how much better of a collection would you have if you started with the education that you have now. Think of the mistakes you have made in grading, alone.
Jim
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Pillar of the Community
United States
2443 Posts |
quote:
Couldn't sell a coin.
 I'm with Carl. I was thinking about selling my 20 cent piece so that I could upgrade it with a better one, but I don't think I can. |
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Replies: 33 / Views: 2,889 |
Posted 12/19/2007 7:03 pm
I would just be the owner of a particular coin. 
A collector needs variety. 
