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Question about what to do with my Mercury Dimes
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<p>[QUOTE="coleguy, post: 1312807, member: 9167"]Yes, the value could go up in that time, or it could go way down. Even if it's up whats to stop you from saying, well, what if it goes up to where they're worth $20 in another 10 years? Then you'll likely hold them forever. Even if you sell at 50 cents each it's pure profit for you now and you could put it to work buying what you want.</p><p><br /></p><p>I had the same situation when my grandmother gave me an old collection that was my grandfather's brothers. I had about $400 face value in dimes and about 60 Morgans. I kept what I needed for my sets and to have a little reminder of family that had them before me, and sold the rest. But, I used every bit of that money to further my collection as I felt that was the only proper use of that money. I could have waited for silver to get to $49 dollars instead of the $12 it was at the time quite a few years ago, but that would have meant sitting on a pile of coins that wasnt working for me. In other words, if you sell high you might make more, but when you use that money to buy more coins you're buying high, so you're not coming out ahead anywhere.</p><p>Guy[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 1312807, member: 9167"]Yes, the value could go up in that time, or it could go way down. Even if it's up whats to stop you from saying, well, what if it goes up to where they're worth $20 in another 10 years? Then you'll likely hold them forever. Even if you sell at 50 cents each it's pure profit for you now and you could put it to work buying what you want. I had the same situation when my grandmother gave me an old collection that was my grandfather's brothers. I had about $400 face value in dimes and about 60 Morgans. I kept what I needed for my sets and to have a little reminder of family that had them before me, and sold the rest. But, I used every bit of that money to further my collection as I felt that was the only proper use of that money. I could have waited for silver to get to $49 dollars instead of the $12 it was at the time quite a few years ago, but that would have meant sitting on a pile of coins that wasnt working for me. In other words, if you sell high you might make more, but when you use that money to buy more coins you're buying high, so you're not coming out ahead anywhere. Guy[/QUOTE]
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