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06-21-2008, 03:33 AM
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#1 (permalink)
| | Member
Join Date: Mar 2008
Posts: 34
| Need a little help on a dicision...
Well, it seems I've totally lost intrest in collecting coins. I hardly ever even glance at the coins I have, let alone check every penny I see like I used too. Now heres the debate.
To sell or not to sell?
I could keep for years and give to children, grandchildren, neighborhood kids, ect, but we just moved, and my mom could really use the extra cash.
So. What to do?
Thanks,
Grant
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06-21-2008, 03:58 AM
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#2 (permalink)
| | King of Hearts
Join Date: Dec 2006
Posts: 11,559
| Quote:
Originally Posted by Grant Well, it seems I've totally lost intrest in collecting coins. I hardly ever even glance at the coins I have, let alone check every penny I see like I used too. Now heres the debate.
To sell or not to sell?
I could keep for years and give to children, grandchildren, neighborhood kids, ect, but we just moved, and my mom could really use the extra cash.
So. What to do?
Thanks,
Grant | If you need the money and dont have an interest in coins anymore sell them. Just make sure you do your homework and get the max value possible out of your coins
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06-21-2008, 04:23 AM
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#3 (permalink)
| | Numismatist
Join Date: Apr 2005
Posts: 5,617
My Mood: |
My advice: Sell 9 out of every ten coins you own. Keep your best ones.
Good luck in whatever you do...Mike
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06-21-2008, 08:46 AM
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#4 (permalink)
| | Numismatist
Join Date: Jul 2005
Posts: 6,189
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I agree with leadfoot, keep a few of the better coins. And maybe one day you will be interested again. If you read a lot of the intros - they start out - "I use to collect and now I am getting back into it". You would have a good place to start.
__________________
the other mark Best Baan Community
Empty airtite seeks unwanted coins. All sizes welcome.
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06-21-2008, 09:52 AM
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#5 (permalink)
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Join Date: Feb 2008
Posts: 1,458
My Mood: |
All smart advice above. If you don't at least save a few, I guarantee you will regret selling all. It took me 40 years to return to the hobby and I realize that is forever, but you may take considerably less time to remember your former passion. Once you do, you'll be glad to save a few things that gave you fond memories and is a connection to your past.
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06-21-2008, 10:39 AM
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#6 (permalink)
| | Coin Collector
Join Date: Jun 2007 Location: California
Posts: 2,097
My Mood: | Quote: |
keep a few of the better coins. And maybe one day you will be interested again
| I agree 100%
Guy~
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06-21-2008, 05:24 PM
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#7 (permalink)
| | Registry fever
Join Date: Dec 2007 Location: Alberta, Canada
Posts: 3,013
My Mood: |
its a same to see you go, I enjoy your posts. I agree, keep a few of the better ones, that way if you come back to it, Youll have a nice stepping stone, and you wont be kicking yourself for selling a 400 dollar coin "back then" instead of the new 1200 price tag
__________________ Shawn
Canadian Small cents : 108/124 87% complete Canadian Large cents: 44/56 78% complete Canadian Small cents MS: 64/124 51.7% complete W.I.N.S# 743
ENS Club Member |
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06-21-2008, 05:27 PM
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#8 (permalink)
| | Junior Member
Join Date: Jun 2008
Posts: 13
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If you dont need the money dont sell !!!! I think you will always regret it.
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06-21-2008, 06:54 PM
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#9 (permalink)
| | Grandma Froggie
Join Date: Jul 2007 Location: Texas
Posts: 1,591
My Mood: | Quote:
Originally Posted by BlackBart If you dont need the money dont sell !!!! I think you will always regret it. | THANK YOU. Cheryl
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06-22-2008, 02:09 AM
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#10 (permalink)
| | Member
Join Date: Mar 2008
Posts: 34
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Yeah, I've got some presidentail dollars slabbed and certified, some mint condition quaters and a 1943 mint steel penny (I'm not good on Grading). So I could keep those.
Thanks for the help guys.
Maybe I'll be back in a week, month, or a couple of years. We'll see |
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06-22-2008, 02:26 AM
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#11 (permalink)
| | Member
Join Date: May 2008 Location: Scottsdale, AZ
Posts: 83
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I agree with not selling. I sold some of my better coins many many years ago and I regret it now.
__________________
I'm not really "The Oracle", I only play one on the internet.
WINS#734
ANA#3145682
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06-22-2008, 02:34 AM
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#12 (permalink)
| | Supporter**
Join Date: May 2008
Posts: 1,931
My Mood: |
Unless you really need the money because you can't make ends meet, Don't sell your collection. As far as not being interested in coins as long as there is a "spark" left in you it coulld become a "fire"
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06-23-2008, 12:07 PM
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#13 (permalink)
| | Senior Member
Join Date: Apr 2008
Posts: 212
| Hobbies interest Quote:
Originally Posted by Grant Well, it seems I've totally lost intrest in collecting coins. I hardly ever even glance at the coins I have, let alone check every penny I see like I used too. Now heres the debate.
To sell or not to sell?
I could keep for years and give to children, grandchildren, neighborhood kids, ect, but we just moved, and my mom could really use the extra cash.
So. What to do?
Thanks,
Grant | Grant, human nature that hobbies come & go... I've had hobbies that I just lost interset in and usually a lot of money invested. I sell to some-one into that hobby and move on. COINS however, are an investment as well as hobby.  Good Luck, Ozark
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06-23-2008, 12:43 PM
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#14 (permalink)
| | Village Idiot
Join Date: Jul 2003 Location: Chicago
Posts: 2,496
My Mood: | Quote:
Originally Posted by ozarktravler COINS however, are an investment as well as hobby.  Good Luck, Ozark | Ozark:
I cannot disagree more. Coins are NOT an investment but a hobby. It is those that try to make money on coins that typically end up losing it. Collect what you like and if it's value never changes or goes down, you always have something that you like. Most other scenarios leave you with less than you started. If you collect to make money, chances are, you will lose on the deal. There are dealers losing money every day on coins, and they have a wealth of knowledge.
I personally almost never sell coins and therefore will leave the value of my coins to my heirs, they will be the ones to determine what type of investment I made.
__________________
A long term marriage is the process of falling in love with the same person over and over.
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06-24-2008, 12:21 AM
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#15 (permalink)
| | Senior Member
Join Date: Apr 2008
Posts: 212
| I buy/sell ... Quote:
Originally Posted by mikenoodle Ozark:
I cannot disagree more. Coins are NOT an investment but a hobby. It is those that try to make money on coins that typically end up losing it. | It began as a hobby/collecting, then become a means of extra income buying/selling. I invest money into coins that I'm sure will resell for profit. I collect for fun . I invest for profit. Coins at bargin price don't come easy. Ozark
Last edited by GDJMSP; 06-24-2008 at 12:26 AM.
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