As of now I have 4 capped bust half dollars. They are all lower grades, but should I. A. Keep all 4 of them. B. Sell all 4 of them and get a higher grade one?
I've asked similar questions of myself and always come to the conclusion, "if I'm asking the question, there is no 'right' answer so don't do anything for the time being." I don't know... keep all 4 for today Good luck! -L
I believe most every collector goes through phases or periods where they expand a collection or niche area and where they contract the collection or niche area. In my opinion, this is all part of learning about numismatics and finding what you like or love most about the hobby. None of us can give you any real or valid input into such a question. The answer has to come from you and what you like, what you value and what your current goals are in this hobby.
Depends on how much you can/are willing to spend. What I would personally do is keep the best grade one of the four. Sell the other three and take that money and get the best grade that the money will buy maybe even put a few bucks into it to get a nice high grade one and then still have a decent lower grade example as well. Just do it in reason I would never go into credit card debt or the like just to buy an AU or Unc. when you can get a nice VF or XF with the money I have.
My advice was going to be to tell you to sell them all and then contact a dealer who specializes in CBH's, like TomB, and tell him you want a nice original AU example. Then use the sale of your other 4 and save for the remainder. But after some reflection about our PM exchange and what I know about you I can't give that advice. It occurs to me that different collectors want different things from their collections and there are many different collecting styles, and each person can change their style over time. With regards to time, there are collectors who buy coins with the sole intention of never selling the coins during their lifetimes, Medoraman comes to mind. Others buy the coins with the intention of selling when they complete a goal such as finishing a collection and this process usually takes many years. Still others buy coins with the intention of keeping them for a year or two and then selling to keep their collection fresh. And then there is the last group of guys who seem to sell their coins almost immediately after buying the coins. The idea of building a collection falls second to the thrill of the NEWP. You Tim, are a NEWPer. You will never be satisfied with one fantastic coin and the desire to buy a new coin will call to you like a drug. Now part of this is due to the fact that you don't have the disposable income to keep your coins around for a long time, or maybe you would actually keep some of them. But based on your current situation, I think you should strive to become a flipper. Buy a coin that you think you can flip for a profit, sell it, and repeat the process. If you are successful, you will satisfy the NEWPer in you while increasing your coin collecting bankroll and numismatic education at the same time. It is essentially what you are already doing but right now you are buying dreck instead of marginally profitable coins.
I started off with date runs of many different coins.I now have thousands of coins. I stopped and have been selling off anything less than GVF. Buy the best you can afford. My pleasure is looking at my quality coins.
That's actually pretty funny. You should posted that photo that Detecto posted with a dog and a caption that said "I dunno"
Personally, if I wasn't going to collect them by D/M, I'd sell them to get one good looker for my type set. My $0.02.