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 Replies: 8 / Views: 1,596 |
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Pillar of the Community
United States
672 Posts |
Hello all, I have been collecting for about a year and a half now, and have amassed a rather sizeable ammount of junk silver stashed in a SDB, and have various whitmans in all states of completion. In short its a mess  . I am thinking about finishing the Whitman's I have started and not starting anymore. I will focus on trying to build a type set of half dollar commemoratives, out of my junk silver. That being said, if I trade for these commemoratives is that a sound financial decision by liquidating my silver. Or is the long term value going to be about equal?, less?, more? if I ever need to sell? Or should I just keep the junk silver and enjoy it as an investment? All, advise, opinions, and comments welcome. |
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Bedrock of the Community
United States
20753 Posts |
Wasting your time. This hobby of collecting small peices of metal is at it's end. I can and would be happy to relieve you of your problems of what to do next by just placing everything in coinage and sending to me. Of course I would be taking a great burden off you so there would be a charge for this service.   Good grief that was a long silly pile of humor.  for real, I don't know if you mean Whitman Folders or Albums but if those are Folders, there is your start. Take any coins out of Folders. Eventually they well do more harm than good to the coins. Not sure but a possible search with the search tab at the top for Albums, Folders, Whitman, Dansco, etc may well put you into the area of some hot topics on those things. Next either on line or a coin store or coin show, acquire a copy of the Whitman Red Book for information as to what you have. Be real carefull of what you or others say is JUNK Silver. A well worn, beat looking 1921 D, Walking Liberty half dollar could be worth a real lot more than you imagine. Next thing would be, if those are Folders, consider purchasing Albums. Many times more expensive, but well worth the protection for your coins. I suggest Whitman Classic Albums but I'm massively outnumbered on this forum with all the Dansco Lovers here. You'ld think Dansco people rule the world.  Do not get rid of anything until you find out what it really is. Next attempt to find any coin shows in your area and go to a few. You don't have to buy anything but great places to find out what is what and get to know other collectors and dealers. The main thing is to always remember this is supposed to be a hobby for FUN so don't get all upset if you can't finish a collection. |
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Moderator
 United States
16677 Posts |
Quote:
The main thing is to always remember this is supposed to be a hobby for FUN so don't get all upset if you can't finish a collection.
If I can tell you how many sets, if that's what you are referring to, I have not completed  The main goal is fun and enjoyment swcoin.ecrater.com
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Valued Member
United States
188 Posts |
I suggest keeping all of the silver you have right now. No reason to sell unless you just need the money. You could also trade silver for numismatic items if you want to go that route. I would also pick one or two series and focus on them. Kennedy halves and Roosevelt dimes are a good (cheap) place to start and it sounds like you probably have a good selection already. Washington quarters are not a bad idea either. This will give you a chance to consolidate your interests and really learn how to grade coins and such! If you do make a mistake with these sets, it will not set you back a huge amount of money. |
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Pillar of the Community
 United States
672 Posts |
I would be selling my sliver to purchase commemorative silver halves. I guess what I am asking is that a sound financial decision.
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Pillar of the Community
United States
628 Posts |
IMO it is a good time to sell silver. (I can't see the future, have no crystal ball) Buy low, sell high. At the moment it's high and won't go much higher, again, only my opinion.
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Pillar of the Community
United States
7123 Posts |
If you have an urge to collect commem halves then the trade is sound, junk silver is at the mercy of the bullion market, commem halves that are bought right are numismatic masterpieces that will contnue to demand a premium above that of their silver content for years to come no matter what the bullion market does.
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Valued Member
United States
244 Posts |
Honestly, if any of us knew what would be the best investment, we'd be doing it ourselves instead of talking about it (which would cause prices to equalize to where it's no longer the best investment anyway). If what you're looking for is the best financial return, talk to an investment advisor, not a bunch of coin collectors. If, on the other hand, you want advice on what we think is neat.....
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Bedrock of the Community
Australia
21786 Posts |
When I completed a type set of Australian coins made up of the rarest date to represent each type, (sorry no 1930 penny), I thought:
What can I do to go on from here? I thought outside the square somewhat.
The answer was to come up with a collection that I would NEVER be able to complete! The reason for this thinking was the fact that the first completed collection would have to broken up when I needed to sell it, because I reasoned that buyers would only target coins each would be interested in, rather than the whole collection. Let's face it: that's how the collection was built in the first place.
That first collection became the deposit on my first house, and formed the reason to sell it. I hesitate to think what that collection may be worth now! The collection was sold over about 6 months, as individual coins, as I had anticipated.
Back to the answer I came up with. I have been collecting ANYTHING that takes my fancy that appeals as very good value for money at the time of purchase. My collection now comprises ALL coins from the invention of coinage, up the mid 1960's, when silver was withdrawn from the World's circulating currency. I now have about 3000 coins, collected over about 30 years, and it is, to me at least, a very interesting collection indeed. They range in value from about a dollar to perhaps $4000. I have also met a huge number of very interesting numismatic folks along the way. I don't collect NCLT.
There are some very nice ancients, medieval, milled and modern coins, as well as British, American and Australian coins in the collection. Some would call that an accumulation, but there has been one heck of numismatic study and reading to assist in the building of such a collection, with a supporting collection of about 200 books, booklets and published research papers.
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Replies: 8 / Views: 1,596 |
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Posted 09/11/2010 4:14 pm
