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Has Anyone Tried buying a Substantial Part of a Coin's Population??
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<p>[QUOTE="1934 Wreath Crown, post: 3418746, member: 76965"]I was just curious if anyone here has owned or does own a substantial portion of the entire graded population of any coin and how did that work out for you in the end. I am obviously talking about a reasonably scarce coin with a maximum graded/known population of 30-40 coins between the two big players NGC and PCGS. </p><p><br /></p><p>Over the years I focused my attention largely to GB sovereigns. Unintentionally, or perhaps my subconscious is getting the better of me <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />, I ended up owning 4 to 5 examples of some key date and type sovereigns with a reasonably small graded population of a maximum of 40 coins, from a small initial mintage number anyway. I'm talking about 140-160 year old coins with an initial mintage of no more than 20-150,00.</p><p><br /></p><p>These were not proof versions issued purely for presentation or collectors but business strikes which went into circulation. Hard to guess how many survived. Had these been US coins, I'm sure their values would be in the hundreds of thousands but alas sovereigns don't command such premium prices.</p><p><br /></p><p>I wanted to know if anyone else here has or had a fairly sizable slice of any coin's population and how did it work out after a few years or 10. I'm still hoping that if supplies dry out or dwindle, I can offload some of these at a handsome gain.</p><p><br /></p><p>Or am I living in a fool's paradise??!![/QUOTE]</p><p><br /></p>
[QUOTE="1934 Wreath Crown, post: 3418746, member: 76965"]I was just curious if anyone here has owned or does own a substantial portion of the entire graded population of any coin and how did that work out for you in the end. I am obviously talking about a reasonably scarce coin with a maximum graded/known population of 30-40 coins between the two big players NGC and PCGS. Over the years I focused my attention largely to GB sovereigns. Unintentionally, or perhaps my subconscious is getting the better of me ;), I ended up owning 4 to 5 examples of some key date and type sovereigns with a reasonably small graded population of a maximum of 40 coins, from a small initial mintage number anyway. I'm talking about 140-160 year old coins with an initial mintage of no more than 20-150,00. These were not proof versions issued purely for presentation or collectors but business strikes which went into circulation. Hard to guess how many survived. Had these been US coins, I'm sure their values would be in the hundreds of thousands but alas sovereigns don't command such premium prices. I wanted to know if anyone else here has or had a fairly sizable slice of any coin's population and how did it work out after a few years or 10. I'm still hoping that if supplies dry out or dwindle, I can offload some of these at a handsome gain. Or am I living in a fool's paradise??!![/QUOTE]
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