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<p>[QUOTE="World Colonial, post: 2519652, member: 78153"]Agree with this approach except that I would consider selling unwanted coins and using the proceeds to buy coins I really wanted. But to do that, someone needs to define their goals.</p><p><br /></p><p>This is what I did in 2006. Between 1998 when I resumed collecting and June 2006, I bought a lot of lower quality material because I was trying to fill holes in sets (no albums here though) and also just because I liked to buy coins regularly.</p><p><br /></p><p>Then the Heritage Long Beach sale had a big collection with a lot of coins I really wanted buy. Coins I had never seen before and many only occasionally or not since. I couldn't buy everything I wanted but the only way to justify spending what I did (to myself) was to sell from my current holdings which is exactly what I did. I had never sold anything before and it was certainly a learning experience.</p><p><br /></p><p>I ended up selling about 100 coins through eBay, overall breaking about even. I used the proceeds (about $6000) to buy nine coins which I liked a lot more. I still own all of them today. </p><p><br /></p><p>Since then, I have accumulated other coins that I also would be better off selling but it is a lot of work and the pricing is weak. As an example, I have abandoned any attempts to mostly complete the full South Africa Union series because I can no longer buy the coins cheap as I did prior to 2010. I almost exclusively buy pillar minors with an occasional coin from my other series, such as Bolivian Republic decimals.</p><p><br /></p><p>The prices are also higher since I started which is annoying but this is offset somewhat by better availability.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2519652, member: 78153"]Agree with this approach except that I would consider selling unwanted coins and using the proceeds to buy coins I really wanted. But to do that, someone needs to define their goals. This is what I did in 2006. Between 1998 when I resumed collecting and June 2006, I bought a lot of lower quality material because I was trying to fill holes in sets (no albums here though) and also just because I liked to buy coins regularly. Then the Heritage Long Beach sale had a big collection with a lot of coins I really wanted buy. Coins I had never seen before and many only occasionally or not since. I couldn't buy everything I wanted but the only way to justify spending what I did (to myself) was to sell from my current holdings which is exactly what I did. I had never sold anything before and it was certainly a learning experience. I ended up selling about 100 coins through eBay, overall breaking about even. I used the proceeds (about $6000) to buy nine coins which I liked a lot more. I still own all of them today. Since then, I have accumulated other coins that I also would be better off selling but it is a lot of work and the pricing is weak. As an example, I have abandoned any attempts to mostly complete the full South Africa Union series because I can no longer buy the coins cheap as I did prior to 2010. I almost exclusively buy pillar minors with an occasional coin from my other series, such as Bolivian Republic decimals. The prices are also higher since I started which is annoying but this is offset somewhat by better availability.[/QUOTE]
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Not sure where to go from here in this hobby
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