Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Purging my collection
>
Reply to Thread
Message:
<p>[QUOTE="princeofwaldo, post: 6111972, member: 24091"]I never purge, I disgorge....,,..LoL</p><p><br /></p><p>It's actually easier than I originally expected. Selling anything carries with it the tendency to view the coins being sold-off as a mistake to have been purchased in the first place. Can't look at it that way, much better to view it as refocusing the collection on a more selective basis. Or at least that's how I approached it. </p><p><br /></p><p>With that in mind, I first sold-off all the raw coins in the collection. There were large accumulations (75 coins) for both Italy and Russia that were sold-off as group lots by Stack's Bowers Galleries. As group lots they were worth enough to qualify for the live auction (this was about 8 years ago) instead of being buried in the online-only auction. Just UNBELIEVABLE how much I got for them, --way more than expected.</p><p><br /></p><p>Waited a few years, then did it again. This time I narrowed down all the slabbed coins by dumping anything that wasn't made of silver or gold. All the copper, all the bronze, all the copper-nickel and nickel coins,...,, Dumped them all, again via Stack's Bowers. Included a nice run of high grade Albanian minors that eventually ended-up on eBay and have since languished there. </p><p><br /></p><p>Next, dumped all of the silver post-1861 Italy subsidiary coinage. That was a little tougher to do since many of the coins were gorgeous high grade examples, but for the most part only worth $125 each on average. They were taking up too much room in the safe deposit box for what they were worth. Again, via group lot at Stack's Bowers.</p><p><br /></p><p>Finally, I sold-off all of the Egyptian silver in the collection including several extremely desirable crown size pieces, some originally from the Pittman collection. This was less of a cull-the-hoard decision than a "lock-in-some-gains" decision. Many of the coins, especially the Farouk coins in silver, had appreciated beyond what I thought they were worth. Made out really well on those too.</p><p><br /></p><p>The best part of the exercise is spending the proceeds on a coin or two that more closely reflects current collecting interests, but which would have been prohibitively expensive without the extra funds from selling some of the other less valuable coins off.[/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 6111972, member: 24091"]I never purge, I disgorge....,,..LoL It's actually easier than I originally expected. Selling anything carries with it the tendency to view the coins being sold-off as a mistake to have been purchased in the first place. Can't look at it that way, much better to view it as refocusing the collection on a more selective basis. Or at least that's how I approached it. With that in mind, I first sold-off all the raw coins in the collection. There were large accumulations (75 coins) for both Italy and Russia that were sold-off as group lots by Stack's Bowers Galleries. As group lots they were worth enough to qualify for the live auction (this was about 8 years ago) instead of being buried in the online-only auction. Just UNBELIEVABLE how much I got for them, --way more than expected. Waited a few years, then did it again. This time I narrowed down all the slabbed coins by dumping anything that wasn't made of silver or gold. All the copper, all the bronze, all the copper-nickel and nickel coins,...,, Dumped them all, again via Stack's Bowers. Included a nice run of high grade Albanian minors that eventually ended-up on eBay and have since languished there. Next, dumped all of the silver post-1861 Italy subsidiary coinage. That was a little tougher to do since many of the coins were gorgeous high grade examples, but for the most part only worth $125 each on average. They were taking up too much room in the safe deposit box for what they were worth. Again, via group lot at Stack's Bowers. Finally, I sold-off all of the Egyptian silver in the collection including several extremely desirable crown size pieces, some originally from the Pittman collection. This was less of a cull-the-hoard decision than a "lock-in-some-gains" decision. Many of the coins, especially the Farouk coins in silver, had appreciated beyond what I thought they were worth. Made out really well on those too. The best part of the exercise is spending the proceeds on a coin or two that more closely reflects current collecting interests, but which would have been prohibitively expensive without the extra funds from selling some of the other less valuable coins off.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Purging my collection
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...