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 Replies: 22 / Views: 3,257 |
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Valued Member
United States
277 Posts |
I just wanted to throw this question out there to ask any of you what your thoughts were on it. What considerations should someone keep in mind when deciding to trade many coins for only one coin? I am asking this question as a novice in numismatics.
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Pillar of the Community
United States
3848 Posts |
Depends on the coins being traded. If you are trading a lot of rare coins for an expensive rare coin, then I would pass. That is because rare coins, obviously, are hard to come by. If I was trading a lot of common coins for a single rare coin, then that may be a smart way to consolidate one's collection.
I would personally not trade my entire collection for a single coin. I like variety and enjoy looking at many coins, even if some are not valued high.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Moderator
 United States
187914 Posts |
Quote:
I would personally not trade my entire collection for a single coin. I like variety and enjoy looking at many coins, even if some are not valued high. I agree.  The closest I have come is trading a large number of duplicate silver half dollars (found roll hunting) for specific Franklin half dollars to help complete that collection. In my case I was trading duplicates; they were never part of my collection proper. Also, I received many coins, no just one in trade. |
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Pillar of the Community
United States
3468 Posts |
It depends what "an entire collection" and the "single coin" are.
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Valued Member
 United States
277 Posts |
Here's another way of asking the question perhaps (although I hope it doesn't come across as looking for a biased answer):
Is it worth trading many coins that are generally readily available online or at any given coin shop for one coin that is hard to come by and what most numismatists would consider "rare."
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Pillar of the Community
United States
7273 Posts |
Quote:
Is it worth trading many coins that are generally readily available online or at any given coin shop for one coin that is hard to come by and what most numismatists would consider "rare." This is only a question you can answer as you have the coins. I have coins that are considered common and expensive(like a 1909 S VDB, 2019 S ERP) but I wouldn't trade a common coin for a rare one unless the rare one fits in with my collection goals. |
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Valued Member
United States
277 Posts |
@hfjacinto Those are some great points
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Rest in Peace
United States
18456 Posts |
Quote:
What Should Someone Keep In Mind When Considering Trading An Entire Coin Collection For One Coin? How to explain that craziness to a loved one .  |
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Bedrock of the Community
Australia
21786 Posts |
I did trade my entire collection, but not to get a single coin. The cash was used to raise half of the deposit, and be able to get a mortgage on our first home.
My entire collection was sold off at public auction, waaay back in 1976.
Soon after moving in, I started to build an entirely new collection.
Managed to pay the mortgage off on a single income, seven years later.
The most valuable part of my numismatic interest I was not able to sell. That was my passion for numismatics.
Thus, building a new collection was a 'no brainer' for me.
Nothing wrong with converting the value of your collection into a single coin, but
I feel almost certain that you will build a new collection around that single 'star' coin.
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Pillar of the Community
United States
4085 Posts |
I would be sure that I really really liked the one coin I was trading for. Beyond that, it's a straight value vs. value question to me.
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Moderator
Australia
16810 Posts |
Trade... collection... as in, take all the coins out of the collection, and exchange them for other coins?
What a strange concept. Why would anybody do that?
My coin collection is like the Taklamakan Desert: coins go in, they never come out. Not for any money.
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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Pillar of the Community
United States
2281 Posts |
Is this truly a hypothetical?
If not, tell us more details on the coins that are being traded for the single coin.
That way we can tell you if it's actually worth it or not.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Pillar of the Community
4628 Posts |
I will just say NO.
Even if its a brasher doubloon and you are handing over a collection of Lincoln Head pennies.
What fun is a single coin in your collection - does not matter how valuable it is. Think of it, just one coin in your collection - that is not even a collection. Collecting means to accumulate more than one of a generalised type of article, in our cases coins, tokens, banknotes or medals.
I agree with everything above too, it would have to be one amazing coin for that level of sacrifice. I mean with my collection, its always growing as I like completeing sets and then categorising, sorting and arranging all my side collections. Plus Halfcrowns and Florins are so attractive, they desire company.
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Valued Member
United States
277 Posts |
Thank you all for your input! I really appreciate the different perspectives all of you have said regarding the subject. Because we're talking about value, I guess here's a related question I would love to ask you all regarding the near-term future of this hobby. Do you guys think the prices for most coins are inflated at the moment? Is the likelihood of a future dip in all prices in the market more plausible now than say 2 years ago? Can we expect prices to stay the same by the year 2024? I'm asking this as a young collector who has had an interest in the hobby for only 2-3 years, not 10-35. Have any of you experienced periods of price drops in the hobby over your careers as coin enthusiasts?
For example, I remember when Morgan/Peace dollar culls were going for roughly $16-$19 back in 2019. I'm astounded that those same culls at some shops are being sold for $28-$35! I'm not sure if I'll ever buy another silver dollar as long as vendors are asking more than $23 per coin (and that was considered expensive for culls 2 years ago).
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Pillar of the Community
Canada
5394 Posts |
Hmm .trading an entire collection for a single coin .
Interesting topic. Sure I would trade my entire inventory
for a finest known 1794 USA Silver Dollar or similar .
Would just need the right punter on the other end of the trade .
One thing to consider as you get older , have a plan as what to do
with large holdings .
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Bedrock of the Community
Australia
21786 Posts |
When you are older, much smaller holdings are much easier to dispose of, despite greatly increased value.
Edited by sel_69l
04/24/2022 7:31 pm
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Replies: 22 / Views: 3,257 |
Posted 04/22/2022 2:43 pm
