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 Replies: 37 / Views: 5,715 |
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Pillar of the Community
United States
6370 Posts |
I am planning on studying abroad next spring, and the numbers were not really adding up. This is literally a once-in-a-lifetime opportunity, so I am not going to miss it if I can help it. With that said, one of the ways I am trying to make the numbers work is to sell off about half of my type set. The only ones I am keeping are coins that are sentimental (firsts, gifts, etc.) and high-grade coins that would be hard to replace in the future. Hopefully they will raise about $2000, which would be a definite help. I'd rather have the experience than the coins. But combing through my collection and deciding which of my children to part with is not a fun experience.  |
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Pillar of the Community
United States
3184 Posts |
think of it as the coins go to a new home and you have other $$ to use.
I sold privately most of my coins and am using the $ to get bullion
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Pillar of the Community
United States
3540 Posts |
This is tough....BUT.....most coins can be replaced. I type "most" and truly mean 99.999999%.
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Pillar of the Community
 United States
5828 Posts |
Quote:
I sold privately most of my coins and am using the $ to get bullion I sold a large portion of my coins to buy militaria... I'm not regretting it yet! Quote:
The only ones I am keeping are coins that are sentimental (firsts, gifts, etc.) and high-grade coins that would be hard to replace in the future. Smart move. For the most part, that's what I did. Just keep in mind that even though your physical coin collection is getting smaller, your 'collection' of numismatic knowledge is growing. It's a transition from coin collector to numismatist. |
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Bedrock of the Community
Australia
21786 Posts |
Successful investment in yourself will give a much better return than investment coins.
Sell all except only one or two of them, provided that you get a price that is justifiable, and is satisfactory.
The one or two that you keep should provide the inspiration to build again, when you are able to do so - and you will be able to make a much stronger return investment back to coins.
What is NOT lost? Your love of numismatics - and you can't even GIVE that away - you can only share it.
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Valued Member
United States
338 Posts |
Selling is a learning experience.
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Bedrock of the Community
United States
11880 Posts |
Open a kickstarter funding project for TypeCoin971793's study abroad trip, link it here and I will put $20 in it. You have helped me. I am happy to help you (a little).  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
3184 Posts |
Typecoin, I'd suggest to try and get a emergency fund so that way you never have to sell your coins and can use your emergency funds for situations like this.
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Bedrock of the Community
United States
11880 Posts |
mkman123 is of course right, but when I was in college my emergency fund was also known as my beer money fund... also, trying to get beer was an emergency. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
06/22/2017 9:32 pm
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Pillar of the Community
 United States
6370 Posts |
Thanks everyone! Quote:
Selling is a learning experience. I've been buying and selling coins for a couple years. I don't think this time will be much of a learning experience. Quote:
Typecoin, I'd suggest to try and get a emergency fund so that way you never have to sell your coins and can use your emergency funds for situations like this. As a college student, I do not have such an emergency fund. All of what would be an emergency fund has gone to the university. The study abroad would be $6000-8000 more expensive than previous semesters (and they have been about $2000 per semester out-of-pocket). My goal is to graduate debt-free. The coins I decided to sell are the ones that can be easily replaced in the near future. Most were low-grade or problem coins, so they needed replacing anyway. A couple of the nicer ones I might keep. |
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Pillar of the Community
United States
616 Posts |
After graduating college I got a job teaching in Japan. Lived there 5 years and also turned that into a job in Tanzania for a year.
I learned more in those 6 years than I did the previous 4 in college.
Studying abroad: You won't regret it. And graduating debt free? You're pretty smart.
Go deep. Sell everything you can until it hurts. It's more important to get the funds you need for your next chapter abroad.
I guarantee that when you're older you'll have the money to buy most of what you sold back.
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Pillar of the Community
United States
6370 Posts |
Well, before I get too hasty, I am going to apply to as many scholarships as possible. I just downloaded an app that consolidates a bunch of scholarships to make them easy to find. I also am researching the study abroad scholarships offered by the university. So not all hope is lost.
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Pillar of the Community
United States
887 Posts |
My son is studying in Japan this summer. He has been saving every penny he can, and is selling everything that isn't bolted down. He knows that the education and experience is more valuable then any tangible item, and they can all be replaced in the future if need be.
I would find 1 or 2 coins you couldn't part with, and sell the rest. By advancing your education, your earnings will be that much greater, and better replacement coins will 'feel' less expensive when your income is higher. Don't letany coin stand in your way.
Oh, don't know where you're going, but bring 15-20% more spending money then what you figure you'll need.
Edited by Beefer518
06/23/2017 01:02 am
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Pillar of the Community
United States
3343 Posts |
Keep a couple coins to carry in your pocket. Coins that don't have any value to lose by being in a pocket. And carry them in a coin purse. Pockets get holes. When I was in France for 2 years, I set a small pile of coins like that on my nightstand. One of them was an 1875-cc Twenty Cent; forget what others were. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
6370 Posts |
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Oh, don't know where you're going, but bring 15-20% more spending money then what you figure you'll need. I was told to plan on spending €200 a week. |
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Pillar of the Community
United States
509 Posts |
You've got to do what you've got to do.. being mid/late 30's now, I look back and regret never doing a semester abroad program in college. I started to have this regret by late 20's. From readIng your posts over past few years it appears that you are very smart, motivated and likely heading for a nice career after graduating. You have also amassed a ton of knowledge and a pretty impressive collection at such a young age. My guess is in the future with more time and income that you'll be able to put together an even better collection... sell off what you are comfortable parting with that has no sentimental attachment and have no regrets with the rest. You've enjoyed them, now let someone else enjoy them while you enjoy a semester abroad
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Replies: 37 / Views: 5,715 |
Posted 06/22/2017 6:53 pm
