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

 

Log in or Sign up to hide this ad.

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

 

My advice: Sell 9 out of every ten coins you own. Keep your best ones.

Good luck in whatever you do...Mike

 

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.

 

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.

 

I agree 100%
Guy~

 

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

 

If you dont need the money dont sell !!!! I think you will always regret it.

 

THANK YOU. Cheryl

 

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

 

I agree with not selling. I sold some of my better coins many many years ago and I regret it now.

 

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"

 

Hobbies interest

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. :smile 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.

 

I buy/sell ...

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

 

the spark of coin collecting smoldered and almost went out for very nearly 6 years, I had other priorities and was always busy. I never got around to liquidating my coin collection even though I meant to because I no longer was interested and barely looked at them. Then my interest caught fire again and I've been a serious collector for the last eight years. Think about it really hard before you sell

 

I am amazed at how many people try to trivialize coin collecting to merely a hobby. Do certified model airplanes trade on the open market "sight unseen"? Does anyone around here have a scrapbook full of precious metals that have increased in value over 1200% since the early 70's? How many stock market certificates or federal reserve notes are backed by a valuable commodity? What would you rather use to hedge against inflation Treasury Bills, or silver and gold coins? What is easier to trust, a goverment promise, or something you can see, touch, smell, and taste that has had value for the last 4,000 years? What is more liquid a collection old coke cans, or a collection pre-1993 US gold? Which is more prone to decay, and deterioration a 1962 Chevy Impala, or a 1911d $5 Indian Quarter Eagle?

I will agree that for some people coin collecting is only a hobby; however, many many people also buy and sell coins to their benefit, and hold coins as a store of wealth. I don't think there is anything at all wrong with detatching the investment aspect of numismatics from the enjoyment aspect; however, I dont think coin collecting should be presented as only a hobby, or for people to constantly assume the only righteous way to collect coins is as a hobby.
On the contrary... I belive coin collecting is a hobby, and acedemic discapline, a means of investment, a store of wealth, a source of pleasure and income, and many more things to many people.
None of us in our motives have a higher ground but lets not put our "hobby" in a box.

nu·mis·mat·ics Audio Help (nōō'mĭz-māt'ĭks, -mĭs-, nyōō'-) Pronunciation Key
n. (used with a sing. verb) The study or collection of money, coins, and often medals.

 

Many rare coins, notice I say rare, appreciate at a rate upwards of 15% or more per year. Belive it or not that's much better than my IRA is doing at times. Most investment advisors, notice I say most, will advise that 10% of your your total investment profile should include rare coins and precious metals. Any rare coin or coin appreciates in value every year. If hindsight was 20/20, ten years ago I should have invested more in rare coins. Shame on me. In about 4 years I amost doubled my $$ of of gold, thats 25% per year.

 

Well Said, my friend coins are wealth.