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 Replies: 15 / Views: 1,387 |
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Pillar of the Community
3352 Posts |
Single coins, or a complete ultra-nice collection => which is gonna be worth more, when it comes time to sell?
Sadly, if I did actually decide to sell my wonderful coins, I'd probably get more money for them if I split-up my collection and sold them seperately, right?
The ironic part is => it took so many man-hours (and love) to scout-out and collect all of the coins and then to place them all together in such a fine album, and then even write comments about each coin and/or about the King or Queen of the time, etc, ect ... but I'm betting that the single coins would still go for a larger profit than my "amazing collection" as a whole ...
Or am I wrong => are there people who seek-out "completed sets" and who'd pay top dollar for my collecting-efforts?
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Pillar of the Community
Canada
1610 Posts |
I would be kinda heartbreakin' to separate such a nice collection. But sometimes people would pay good bucks for just one piece that they need for they're own collection.
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Bedrock of the Community
United States
11951 Posts |
IMO - Key date and top grade coins sell better alone.
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Pillar of the Community
 3352 Posts |
... shot through the heart ...
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Pillar of the Community
United States
968 Posts |
Most items are cheaper in bulk. Same goes for coins. How many people need a complete LWC collection? Some, but most people that are collecting wheats have a number of nice coins already. Those people are looking for specific coins to fill their collection, so why would they buy a whole set? Similarly, what is the value of a duplicate coin? Not nearly as much as one you don't have. People figure that into what they will pay for a whole collection. For example, someone might value a common date coin they don't have yet at $3.00, but if they have that exact same year and grade already it may only be worth a dollar or less. |
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Bedrock of the Community
Australia
21786 Posts |
stevex6: What you have said is just the way it is.
I am what you would call a rather obtuse collector.
I made up a type set of Ausralian pre decimal coins, where each type was represented by the rarest date for type (except for the 1930 penny).
Those coins were sold on consignment many years ago, even then for a substantial profit. They were sold as individual coins by the consignee.
These days, I ONLY collect individual coins on their individual merit.
Just to broarden my scope, I collect coins from all centuries all cultures, up until about 1945, when silver was commonly circulated.
Problem: You need LOTS of book reference, and thank God for the Internet!
Every coin I acquire is a minor adventure.
I have current bids lodged at auction for:
Roman Maximinianus silver argenteus
Byzantine Phocas Gold solidus
Byzantine Justinian 40 nummi follis
Austrian Netherlands silver kroenthaler
South Africa jeweler's copy of a Sammy Marks gold 'Tickey', 1898. (bid bullion value +10% on this one) The real ones are thousands!
1900 $1 La Fayette Commemmorative, lustrous aU.
I have put in rather low bids, so I expect to get less than half of these.
My philosophy: If I miss out, I get to keep my money! Yay! If I am lucky enough to win, I get a very nice coin. Yay! For me, that is a win /win situation.
I put a great deal of research into each coin before I lodge a bid. I need to.
With THAT sort of approach, there is obviously no intention of building a completed set of coins, just a slowly growing collection. Each coin is interesting in it's own right. That's how other people view my collection.
If I wish to sell, each coin would have to be sold individually, probably at auction.
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Pillar of the Community
3352 Posts |
I totally understand, because it is exactly the way that "I" feel when I see a bulk-lot at an auction (I am usually just interested in one of the coins and the others are merely bonus if the price is right) ... hey, but it just seems so dirty and different when we're talking about "my" own collection (who wouldn't love it as much as me!?)
; )
thanks for the comments
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Moderator
 United States
187950 Posts |
The whole is always worth less than the sum of the parts. This basic fact is applicable to anything for sale, whether it is car parts or coins. People do buy completed sets, but most will expect a discount (for saving you time by not having to piece it out; however, I am sure someone may be willing to spend extra money for the time they saved by not having to piece something together).
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Pillar of the Community
United States
3294 Posts |
Personally, I would pay more for a fully assembled working car then the assorted collection of car parts to build my own, but then I am not a car hobbyist.
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Moderator
United States
187950 Posts |
Every car dealer in the world would love for us to pay more for the fully assembled working car than what the parts sell for.  |
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Pillar of the Community
3352 Posts |
I would also pay more for a bunch of miscellaneous groceries that have been put-together in some sort of calculated manner, to produce an edible "meal"
... Hey, maybe that's how I should advertise my coin collection =>
21 cups maritime 20 + 25 cents pieces
1 canadian 20 cent pece
23 cups Victorian quarters
10 cups Edwardian quarters
23 cups Georgian-V quarters
20 cups Georgian-VI quarters
127 cups of Elizabethan-II quarters
72 cups series quarters
7 cups of mule quarters
3 pinches of error coin
36 Tbsp olympic quarets
23 Tbsp commemorative quarters
1 tsp gold mini-quarter
... simmer and serve over 4 leather-bound albums
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Bedrock of the Community
United States
20753 Posts |
Quote:
The whole is always worth less than the sum of the parts I always use a junk yard for cars as an example of just that. You take your car there and get maybe a hundred dollars for it regardless of what it is or was. Then you decide to rebuild that same car so you start by going back to that junk yard and find to do that it would now cost possibly hundreds of thousands for all the parts. Almost all coin dealers at coin shows sell separate coins. Many, many have purchased Albums full or almost full and seaparate them all for separate sales. Very, very few that I have ever seen sell complete or even close to full Albums. Most people go to coin shows or coin stores or even ebay that haven't already started a collection so not interested in buying someone else's. |
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Pillar of the Community
3352 Posts |
yah, well they haven't seen mine yet ... maybe, just maybe?
Edited by stevex6
10/05/2011 9:41 pm
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Bedrock of the Community
Australia
21786 Posts |
stevex6: I will buy the one and only top graded Elixabeth 11 quarter from your 127 cups full!
Hmmmmmm...... it would be a bit like buying the best single grain from a whole bushel of wheat.
But that's how I like to buy coins, but the price has to be right!
At least, I don't have many favorites in my collection, and they are all appreciated for what they are.
I am not really a numismatic investor, but as an added bonus, this strategy increases the investment performance.
I am not always after the top graded coin. Like most people, price is the biggest factor in the decision to buy.
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Pillar of the Community
3352 Posts |
Well thanks, but no thanks, sel_691 => when the time comes (and it certainly hasn't come yet), I'm gonna try my best to sell-off the entire family as a whole, rather than split-up the orphanage (it's all about "family")
; )
Maybe I'll merely pass-on my collection to a niece or nephew if they show any future interest in coin collecting? (my 88 year old Dad recently gave me his stamp collection from when he was a kid ... and I'll never sell it ... it will definitely be passed-on with "instructions to keep" to one of my kin)
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Bedrock of the Community
United States
20753 Posts |
Quote:
Maybe I'll merely pass-on my collection to a niece or nephew if they show any future interest in coin collecting? Always the best advice. Something to be remembered for. |
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Replies: 15 / Views: 1,387 |
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Posted 10/03/2011 10:38 pm
