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<p>[QUOTE="red_spork, post: 3699390, member: 74282"]I don't really consider mine an investment or at least don't treat them as such considering I sometimes spend or at least bid silly amounts of money to get some new or rare variety that only I care about. This was very apparent recently when I won a coin at less than half my max bid against at least one other very knowledgeable collector in my area who apparently thought he was bidding too much. If I were primarily concerned with monetary investment I'd put the money towards other things but I spend enough of my waking hours trying to make money that I'd rather not worry about it when pursuing my hobbies.</p><p><br /></p><p>That said, I do have a plan for selling written up that stays with my coins in my SDB. It includes contact emails for a few collectors and notes about who has expressed interest in particular coins as well as a storage device with photos and information about the entire collection including all provenance, IDs etc and all the coins are stored with all the info a dealer or auction house would need to list them. At the end is contact info for a trusted dealer who has offered to sell what's left at a reasonable commission and is familiar with the collection(and has promised to keep provenance, tickets and notes with all coins). I think it's very important to have a disposal plan of some sort. I'm young and will likely have to update mine multiple times in the future but it's important to me that my coins find new homes and that it's as easy as possible for my wife to sell them if something happens to me. To me that's more important than making sure they get sold for top dollar.[/QUOTE]</p><p><br /></p>
[QUOTE="red_spork, post: 3699390, member: 74282"]I don't really consider mine an investment or at least don't treat them as such considering I sometimes spend or at least bid silly amounts of money to get some new or rare variety that only I care about. This was very apparent recently when I won a coin at less than half my max bid against at least one other very knowledgeable collector in my area who apparently thought he was bidding too much. If I were primarily concerned with monetary investment I'd put the money towards other things but I spend enough of my waking hours trying to make money that I'd rather not worry about it when pursuing my hobbies. That said, I do have a plan for selling written up that stays with my coins in my SDB. It includes contact emails for a few collectors and notes about who has expressed interest in particular coins as well as a storage device with photos and information about the entire collection including all provenance, IDs etc and all the coins are stored with all the info a dealer or auction house would need to list them. At the end is contact info for a trusted dealer who has offered to sell what's left at a reasonable commission and is familiar with the collection(and has promised to keep provenance, tickets and notes with all coins). I think it's very important to have a disposal plan of some sort. I'm young and will likely have to update mine multiple times in the future but it's important to me that my coins find new homes and that it's as easy as possible for my wife to sell them if something happens to me. To me that's more important than making sure they get sold for top dollar.[/QUOTE]
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