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Article On Liquidity In The Coin Marketplace

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WheatBack's Avatar
United States
2850 Posts
 Posted 05/27/2016  10:05 am  Show Profile   Bookmark this reply Add WheatBack to your friends list Get a Link to this Reply

Quote:
Do you think about future liquidity when you purchase coins for your collection?


Yes. I do this for both coins and paper money. Before I buy, I always make sure I'm getting the best prices and preferably lower than what they are currently selling for. By doing this, I've been able to sell off pieces of my collection to supplement other things. It's sort of like have a savings account, but in tangible form.

As for long term, if I have family members who are interested in what I've put together, I will pass it along and keep it in the family. Otherwise, I'll sell it all before I'm too old.

Just from reading the posts here over the years (not just this thread ) this contradicts with a lot of the views here on collecting. Perhaps it has something to do with me being a younger generation of collector (in my 20's) that has more access to buying AND selling at my fingertips for most of my lifetime or perhaps I learned this from my grandfather who was also a coin collector who mainly bought coins, but also sold his extras. Who knows. I suppose we all interpret the word collecting in a different way and have our own methods to our madness (or disaese ) that we all share one way or another.
Edited by WheatBack
05/27/2016 10:06 am
New Member
United States
9 Posts
 Posted 09/24/2018  09:02 am  Show Profile   Bookmark this reply Add westoncm to your friends list Get a Link to this Reply
Having been awoke from a long sabbatical leave, I read a majority of the commentators' responses here which did not surprised me. In fact, varying perspectives are quite refreshing. For me, I am an avid collector as well as an investor. I tend to purchase to fill in the collection for my children and in-the-future grandchildren (I better add an excerpt in my existing will as to who gets what). On the flip side, my tendency is to purchase silver/gold current (when the market is down) and highly graded old coins via reliable and trustworthy auction sites i.e. Auction Zip.com. I also use ebay because if I time it right (less bidders), I can get a good deal below the market price like I did last night. But doing research is critical such as who the seller (independent, company, or auctioneers) otherwise it is a wasted money if you are going to treat it as hobby/investment. If ever I plan to sell in the future, ebay is not the way.
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 09/24/2018  09:26 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Do you think about future liquidity when you purchase coins for your collection?

Nope, just about current liquidity, do I have the liquidity to be able to buy it. What it will sell for in the future and how easily it can be sold do not enter into the picture.
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Alpha2814's Avatar
United States
2023 Posts
 Posted 09/24/2018  1:10 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply

Quote:
Do you think about future liquidity when you purchase coins for your collection?

Absolutely. I'm not going to live forever and have no heirs interested in the hobby, so whoever gets my stuff had better get some value out of my collection (and know what to do with it). I've spent too much for this value to just disappear. I don't expect any of it to make a profit but ease of resale definitely comes into the picture, at least for the higher value items.

Since I have limited storage space, I also need to be able to sell pieces that I'm upgrading, so I can get some experience unloading them and explain the process to whoever ends up managing my estate.
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jbuck's Avatar
United States
189340 Posts
 Posted 09/24/2018  4:37 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Nope, just about current liquidity, do I have the liquidity to be able to buy it. What it will sell for in the future and how easily it can be sold do not enter into the picture.
Same for me.
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United States
9 Posts
 Posted 09/24/2018  8:55 pm  Show Profile   Bookmark this reply Add westoncm to your friends list Get a Link to this Reply
I agree with Alpha2814 in seeing how to go about selling a small portion to have better understanding of gaining liquidity value. . I will have a written explanation if my wife or children need to understand how to go about the liquidity aspect.
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