Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Retirement......numismatic coins saved....
>
Reply to Thread
Message:
<p>[QUOTE="Vess1, post: 2415582, member: 13650"]Really, that's a great question. I think most people here do purchase numismatic stuff to have the "collection". A certain coin catches their eye and they decide to purchase it like a piece of metallic art. No different than acquiring a painting, only more easily stored. Many also appreciate the history of it. I doubt most people do it solely to give to the kids. You never know if kids will be interested in it some day or not. It does seem like when someone passes away the coin collection is a coveted piece of their estate, even if only worth a few hundred dollars. Usually everybody wants it. Some to keep, some to sell. But its usually the last thing auctioned off at auctions in order to keep people there through the junk so there must be some attraction to it. </p><p> If your kid inherits a coin that you paid say $500 for and they decide to sell it and only get $400, they didn't have a penny invested in it so I guess it really doesn't matter. I'd rather see my stuff saved and appreciated like I did, rather than sold as things tend to go up in value with time but that's out of my control once I'm no longer here. </p><p> I'd have no ambition to go at this hobby strictly from an investment stand point. I wouldn't do it if that's all it was.</p><p> What you get when you go to sell depends highly on how the economy is doing and how urgently they need to be sold. If you round up an auctioneer and get 10 local people in a room bidding on stuff on some weekend to clear it out quickly, I wouldn't get your hopes up. If you set a price and take your time selling them yourself online, there should be a much higher expectation of getting what you expect if the pieces are truly desirable examples.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 2415582, member: 13650"]Really, that's a great question. I think most people here do purchase numismatic stuff to have the "collection". A certain coin catches their eye and they decide to purchase it like a piece of metallic art. No different than acquiring a painting, only more easily stored. Many also appreciate the history of it. I doubt most people do it solely to give to the kids. You never know if kids will be interested in it some day or not. It does seem like when someone passes away the coin collection is a coveted piece of their estate, even if only worth a few hundred dollars. Usually everybody wants it. Some to keep, some to sell. But its usually the last thing auctioned off at auctions in order to keep people there through the junk so there must be some attraction to it. If your kid inherits a coin that you paid say $500 for and they decide to sell it and only get $400, they didn't have a penny invested in it so I guess it really doesn't matter. I'd rather see my stuff saved and appreciated like I did, rather than sold as things tend to go up in value with time but that's out of my control once I'm no longer here. I'd have no ambition to go at this hobby strictly from an investment stand point. I wouldn't do it if that's all it was. What you get when you go to sell depends highly on how the economy is doing and how urgently they need to be sold. If you round up an auctioneer and get 10 local people in a room bidding on stuff on some weekend to clear it out quickly, I wouldn't get your hopes up. If you set a price and take your time selling them yourself online, there should be a much higher expectation of getting what you expect if the pieces are truly desirable examples.[/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
>
Coin Chat
>
Retirement......numismatic coins saved....
>
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...