If you sold your WHOLE collection . . .

I started a thread like this in another forum but asked the question wrong. I asked if your collection is 100% insured and you are guaranteed to get 100% of it's value, would you want your collection stolen? You would be able to start your collection all over again. BUT the better question would be if you could sell your whole collection for it's actual current value, would you sell and start all over?

 

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I would probably put alot of the $$$ into fewer higher-quality coins.

I might even stretch for an MCMVII High Relief Saint.

 

If I wanted to sell my collection I would have done so by now. It’s a hobby and I enjoy doing it.

 

For me personally, I don't see the point. The coins I've bought over the years I bought for specific reasons, and if I'm going to start over collecting for the same reasons, why? I already have them. When I've changed my interests, I just bought those too. Some coins I will never sell for sentimental reasons, so selling my whole collection is out of the question anyway. If I sold off all of the rest, it would only be to save my heirs the hassle and just leave them the money. I wouldn't start over.

There are some where I made a bad choice that I could see selling so I could make a better choice, upgrade, whatever, but that's piecemeal and not dumping everything.

Can we change your criteria to a choice between actual current value or getting back what I paid?

 

No. I'd just end up getting most of the same coins back anyway. I like my collection!

 

Starting over at this point would be impossible. There are so many pieces which represented opportunities which won't come again in my lifetime that there is no way to replace them. Some are tokens which are not worth a forture but which have a very small number of survivors.

Also the cost of going to shows to find the coins, tokens and medals would not be part of the insurance settlement. No, if I want to start over, I'll sell and do it that way.

 

My collection is about 140 coins, too.

I thought it was larger -- closer to 200 or so -- but give or take a few coins, it's 140, tops.

 

Ditto. I've been doing that piece by piece for a while now - selling off things I'm not collecting anymore, selling off pieces I don't like and upgrading with new coins and etc.

 

No. My collection has little "value" but means a lot to me, so selling would be pointless.

 

I would sell it. If I could not see it, hold it, appreciate it, I would certainly not continue at my current age!

 

I couldn't have said it better! I still enjoy my hobby.

The same for me. I do have a few individual coins that would bring a few hundred dollars, maybe (1877 IHC, 1885, 1886 V nickel, 1909 SVDB, 1916 D dime, etc)They are lower grade, but they complete my collections. I couldn't sell them and replace them with the same or better grade unless I added more money. This is strictly a hobby to me, not an investment. If I sold, I would want to replace what I just sold, so it doesn't make sense for me to do that. I enjoy what I have. If I have an opportunity to upgrade a coin, I will. But, if I can't, I'm happy. Besides, if I sold, it would make my wife too happy. She hates my coins.

 

No, because sometime the 'value' of the coin is actually not it's value, and the coins I have that I like a lot I definitely would not want to be stolen. Value can be a funny thing as to what it actually is. Hence is why many items are put up for auction, because what the value is or is supposed to be may be quite high or low from what someone wants it for.

 

I've sold my collections out of necessity...three times. But don't worry, I have two more each 1,000 coins strong. I'll never sell again but will give them to my daughter. She likes them.

Bruce

 

My wife doesn’t mind my coins but she’s afraid of what to do if I die. lol. It’s on my computer, I’ve talked to her but she is concerned. I am selling some coins in my antique shop because my collection is too large and I can get top dollar. I don’t pay fees to dealers or the mall which is nice. I have my collection and I have and still use coins as an investment. But I will admit that I have way to many coins and notes.

 

Lucky you. You have a store. I would still like to be in the buying and selling business, but that would require setting up at shows which is something my wife does not want me to do any more.

 

This is just what I have been doing for the past two years. I have done really well and made more than I ever thought possible. Some of the coins brought moon money at auction. That made up for the coins that I lost a bit on.
I'm using all of the funds to buy just a few high dollar coins that will go to my son when I pass. It would not have been fair to leave all of my collection for my son to deal with. There was just too much.

 

If it were strictly an "all-or-nothing" offer, I'd pass - because there are a few coins I wouldn't want to part with at anything near their "actual value". Mainly coins from my childhood or from my grandparents. (I almost said "at any price", but realistically, everything has a price. Sell the 1881-S Morgan Granddad gave me to completely cover long-term care for myself and my wife? Sure.)

If I sold everything I've collected haphazardly and opportunistically over the years, I'd likely just keep collecting haphazardly and opportunistically. Pretty much of a wash for me.

 

10,000 is a start. Which ten thousand are you talking about, my ancients, my US, or my Chinese collection? World coins, even though quite a bit in silver, is best measured by the pound I am afraid, (maybe 250 pounds).

Yeah, I have a hoarding issue...