hey guys im brand new here but have been lurking for sometime..anyways heres a little run down of what my question will be leading to. i got started in collecting silver coins and bullion for investment but it slowly started to turn into coin collecting than rather collecting for silver purposes so now ive gotten into old cents, v nickles, gold coins, etc.. rather than just buying all the silver i can get. my question to you is i kind of want to sell my silver quarters,nickles, half dollars so i can purchase a few gold coins or old coins that may be silver or arent silver for my collection. should i sell them? so i can purchase rarer coins? i also will be sad if i sold my silver coins aswell.. im stuck in a decision .. any advice or if you know what im talking about please let me know. thanks, and sorry if my grammar and punctuation sucks.
Keep the coins you want and sell the ones you don't want so you can buy the ones you want. Do whatever it takes to get the coins you want in your collection but if you want coins as an investment instead of as a collection, keep the silver. Hope this makes sense.
Welcome aboard. If you have coins that you don't want whose value could enable you to get coins you do want, then I think the answer is simple.
sounds like even if you sell the silver to get something you really want, you will still feel 'seller's remorse'. I know how that feels... even started a thread with that title once.... Also to consider is whatprice did you buy your silver at? Keeping the best examples and letting the more 'bullion value' coins go is th route most people take, but if you jumped at the hype for $100 silver.... back when it was in the $40+ area.... I probably couldn't do it... The choice is yours but.... I say keep what you have and buy MORE :thumb:
Unless one is both an extremely perspicacious buyer and has time to wait, coins are not a terrific investment vehicle. Keep your silver and in a year or two you will probably be happy you did. If you want to collect coins, pick a series that you like, buy a book about them (Whitman publishes guide books for several series that are widely available), learn all you can then buy the best coins you can afford. #1 rule is ENJOY YOURSELF. Coin collecting is a hobby. A hobby that can provide you with years of enjoyment, in addition to a wide range of knowledge and the ability to make friends with kindred spirits.
well it seems all of you are saying what ive been thinking about..so im still stuck haha..thank you for all your responses all of you make perfect sense im not sure which is the best choice to go .. maybe if more people respond i can round up the majority and see since you are all coin collectors and as a new coin collector myself all your responses mean a lot.
I'd say don't do anything right now. Since you can't decide now, you might as well wait until you are sure its the right thing for you to do.
Common will always be common, and problem will always be problem... remember this. Unless buried to a point you cannot get out, sell what no longer interests you. Just do your homework (and maybe a little soul searching too) before you buy again. Just as with coins, there is no guarantee PM's will go up, so be careful about what you see as an "investment" and invest in yourself first.
Here is a thought that all collectors should note: Selling collectible coins to be melted down so you can pick up some cash is hurting the collecting market. It is unwise to get rid of valuable coins or collectible coins because it hurts the collecting market. Future collectors who are just starting will need base coins to start a collection, etc. I know this sounds noble and maybe it a bit naive, but let me put it a different way. I only sell silver coins for melt if I cannot find any future value for the coin. One way to preserve basic value coins is to get some Whitman albums and fill them. This peserves coins for the future! The reason you don't find silver coins as often is that the bank tellers get them!!
I don't think it's such a good idea to sell any silver, junk or not, at this point in time. I think it will go back up again, and if it does, you'll surely regret it. There is no coin that you "have to buy now". There will always be another on the market, so don't rush into buying too quickly. Oftentimes, when a coin appears at auction that hasn't been available too often, it will likely sell for a higher price than some might expect. Sometimes, when this happens, other identical specimens will show up because some other seller thinks they will get a great price, but a lot of times, it will sell for less than the first one offered. Chris
