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Replies: 42 / Views: 3,087 |
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Pillar of the Community
United Kingdom
1563 Posts |
Hi everyone! Last Thursday evening, I was sat at the dining table with my humble collection of coins and tokens and similar items, when I decided that I wanted to go in a different direction to get some consistency going. I am selling most of what I have, apart from a few favourites and am going to upgrade to better coins but fewer. Just as a general discussion, I wondered if anyone else has considered doing this and if there are any ideas for the direction I should be going in for investment purposes. Until fairly recently my collection was mainly late Roman stuff, Constantine and his sons etc. Not so long ago I added a few Celtic, but these are also going on ebay. I am undecided whether to go for a particular Emperor or not. I do quite like the coins of Septimius Severus. That's all folks, any pointers or ideas welcome!
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Valued Member
United States
216 Posts |
Like most Americans, I started out with US coins as a kid. As a young adult, I shifted to early/colonial US coppers. In my mid-30s, I dropped US coins completely & moved on to medievals with a specialization in early dateds. For me, it wasn't so much boredom or dislike, but rather the realization that (1) the US has a very short history and not all that much to offer numismatically, and (2) I would never be able to afford any major US rarities. I've always had a fascination with the middle ages, so medievals seemed the way to go. From there, I found early dated coins, which afforded an opportunity to learn about the history of numerals (something they don't teach in school), as well as a more specific focus in locations/times/cultures/languages. And most importantly, I can actually afford the rarities in this field -- I've paid a few hundred dollars for coins that are rarer than the 1804 US dollar, of which 15 are extant and costs around $2-10 million. In this field, I also found areas in which there are no primary references, providing an opportunity for collection & research with the intent to write a book on something that's never been written about before. I guess I don't really have any specific pointers or ideas for you other than to follow your passions... and be realistic about what you can pursue given your means.
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Pillar of the Community
United Kingdom
725 Posts |
"Any ideas for the direction I should be going in for investment purposes." Definitely not coins  If you simply want something easier to sell, go for coins popular where you live, as they will be way easier to sell without the extra shipping and customs charges. Roman is popular, but there's a lot of competition, especially for late bronzes and I'd imagine Severan coins too, where only the best condition will sell easily.
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Bedrock of the Community
 United States
24878 Posts |
Hey MetDet, any chance that you would consider offering your Celtics here on the Forum before putting them in the tangled mess of ebay?
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
7066 Posts |
Looking forward to seeing what direction you opt for, Kevin. Good hunting. I recall you had a couple really nice Celtic staters last year and this year. I would have a hard time parting with such nice coins - will they be keepers?
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Pillar of the Community
 United Kingdom
1563 Posts |
The few Celtics that I have are going up for sale, in fact one sold this Saturday. I was a bit surprised as I thought that I had priced it not to sell if you follow me. The one I have left, but is listed, is the Gold Full Stater that is also priced high. The thinking being is if it sells, it won't be as painful to let go of it. The other reason for selling them is I am in quite a few metal detecting groups and it is quite surprising to see just how often Celtic stuff pops up and I sometimes get offered them. Quote:Hey MetDet, any chance that you would consider offering your Celtics here on the Forum before putting them in the tangled mess of ebay? The one remaining is already listed on the bay. Not the best place for it I know. Check it out on there and if you like it maybe we can strike a deal. Kev.
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Pillar of the Community
 United States
7933 Posts |
Quote: I've always had a fascination with the middle ages, so medievals seemed the way to go. From there, I found early dated coins, which afforded an opportunity to learn about the history of numerals (something they don't teach in school), as well as a more specific focus in locations/times/cultures/languages. And most importantly, I can actually afford the rarities in this field -- I've paid a few hundred dollars for coins that are rarer than the 1804 US dollar, of which 15 are extant and costs around $2-10 million.
In this field, I also found areas in which there are no primary references, providing an opportunity for collection & research with the intent to write a book on something that's never been written about before.
I guess I don't really have any specific pointers or ideas for you other than to follow your passions... There are a few of us out here with more-or-less the same mindset (though I am pretty sure I do not have a book in me). Hope to see some of your coins over on the How Far Back... thread in about 7 months.
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Bedrock of the Community
Australia
21786 Posts |
If you want to have a go at some really challenging numismatics, have a go at the post Roman English (thrymsas and sceats), and European derniers and denaros (Goths Visigoths Franks, Lombards Merovingians and Carolingians) coinages of the Dark Ages period.
Almost every coin in such a collection will be a rarity.
Samoth has said it right.
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Valued Member
United States
216 Posts |
Quote:"Any ideas for the direction I should be going in for investment purposes." Definitely not coins  I'm not sure I agree that coins can't be considered investment vehicles. Intelligently selected purchases should keep pace with inflation over the long term; perhaps a bit more if demand increases. A wise purchase can be treated similar to a 10 or 20 year bond. Of course, this isn't the same investment return as buying AAPL in 2000... but the downside risk isn't nearly as great (or volatile) as equities, either. Disclaimer: I'm not a dealer, so my perspective is perhaps a bit idealistic from a collector's perspective.
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Bedrock of the Community
Australia
21786 Posts |
I am in general agreement with samoth's coin buying strategy. With more significant purchases, do lots of numismatic and price research and examine each coin in hand first, before deciding to buy.
Over the long term, there are better investments to be made than coins, such as tax advantaged superannuation investments into real estate or the stock market, but over the long term, I have never lost any real value of my collection in general, after buying most coins of significant value.
However, the advantage that coins have have provided me with (that other investments cannot), is a great expansion in knowledge over my lifetime of World economic history and cultures over the last 2,500 years, since the invention of coinage.
Coins are the hardware of history. A good metal detector is one of the tools, a good general and specialist numismatic library is another.
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Pillar of the Community
United States
3433 Posts |
Away back in 1977 my brother gifted to me a silver Alexander III drachm Slightly damaged but impressive enough to get me hooked for life Back in those days a $20 was enough to pick up a little gem By the mid 80's I determined to do a course correction I set out the whole collection and divided in halves Half to keep ! Half to liquidate By the early nineties I did the same again This time I put a more narrow field of focus Roman Imperials bronze Silver and gold are far more beautiful But finding a little gem in bronze was more of a thrill Easier on the budget too !
Now after nearly fifty years it's time to lighten the load I promised the wife that my buying days were over Selling them off is going to be hard But I can't take them with me ! I determined to "keep" around twenty or so by having them slabbed (the horror the horror) Mostly Julio-Claudians but perhaps a few second century so I might leave my heirs some small tokens
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Pillar of the Community
 United Kingdom
1563 Posts |
This is going to be more difficult than I thought..... I like so much. The first idea was to go for a really nice set of the twelve Caesars to crack off with. Then I was looking through some of my older books and decided I liked stuff from ancient Greek coinage up to the later 'Gun Money'. Most of my keepers are with animals depicted on them, in silver but also in bronze and this is another avenue I could quite happily follow. So far as the dark ages goes, I do quite fancy that as well, thanks for the suggestion Sel. Although I have next to no knowledge of that period. All of my late Roman stuff has gone via the shop and I am already missing them. I need to start buying again to ease the pain!!
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Pillar of the Community
United States
7066 Posts |
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Pillar of the Community
 United Kingdom
1563 Posts |
Definitely going for a set of the twelve, but deciding what else to go for is difficult. Thanks for the suggestion Bob, will consider that lol.
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Pillar of the Community
United States
4959 Posts |
Oh man MetDet, I don't envy you...that's going to be a tough decision and some painful partings with some old favorites.
I've never really had a collecting focus, just a survey collection of ancient coins types and cultures. After several years though I kind of lost my mojo, which probably wouldn't have happened if I had a more focused collection. I wish I could give you a collecting goal tip, but I've never been able to do it for myself!
I have though about selling many of my coins, but, to be honest, it's gotten to the point were I can't remember exactly what I have and what I don't. The other day I almost purchased a coin of Saloninus so I can check that emperor off my survey list, then I though I already had it..and wasn't sure. If I don't know what I have myself do I need to get any more? Would it really hurt me to sell off coins I'm not sure if I own anyway? LOL!
I remember dougsmit (a former member here? the older guys know who I mean) one time in the 70's he sold off all his stuff and really regretted it. I think even if my mojo is gone now, it will likely come back, and I'll regret getting rid of my coins. So I'm just going to hold on to them for now.
Anyway, good luck man, I wish you the best and will see keep an eye on where you go from here.
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Valued Member
United States
216 Posts |
Quote: I've never really had a collecting focus, just a survey collection of ancient coins types and cultures. After several years though I kind of lost my mojo, which probably wouldn't have happened if I had a more focused collection. That's interesting, because I find the opposite holds true with me. I have an extremely specific focus, and sometimes have trouble keeping it going -- delving a bit outside my area helps me keep my mojo going. MetDet: I don't see why one couldn't have concurrent areas of interest. Just from what you've mentioned thus far: 1-Primary Interest: Twelve caesars can be a primary focus (at least monetarily); save up & cherry pick the best ones over a longer period of time. 2-Cheap Secondary Interest: In the interim, acquire some cheaper gunmoney issues and delve into the die varieties, cherry picking (and flipping?) unattributed rarities you come across over time. 3-Ongoing Interest: Keep the animal theme going with a few hare varieties from Messana or some other animals of interest. 4-Brand New Interest: Buy some references on the early middle ages and set a goal to acquire one issue each from Anglo-Saxon, viking, Merovingian, Carolingian, & Germanic regions over the next x years. Maybe you find one of those ends up being really boring to you. Great! Sell what you acquired and replace with something new & interesting -- you now have room (and capital) to pursue another direction! Or maybe you don't need any specific direction: you just want to buy nice coins from wherever and whenever so long as you're really into them. Basically, your specific direction would be an extremely broad type set.
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Replies: 42 / Views: 3,087 |