The problem with selling. I have had a few coin collections that I did sell, mostly because at the time I needed money and the only thing I had to sell was my coins. At one time, I sold one collection to a dealer. That was a bad idea because he made all of the money for the sale of the collection. Then I learned about selling on E-Bay. I sold another collection (worth about 10K) on E-Bay and did get the 10k it was worth. The only problem was, I no longer had the coins. While the money was fine at the time. I lost my collection. I really have to decide at this point what I really want to keep, and what I can sell. I am sure all dealers of coins can relate to this problem. Oh well, the coins are still out there and one thing that is important to me is that someone loves the coins as much as me. I guess that is all I have to say. Thank you for reading my remark.
I know how it feels to be forced to sell a collection that took many, many years to put together. My heart goes out to you. Chris
Everybody has their ups and downs in life. Things happen, we need money for various reasons, etc. I have a few regrets about selling certain coins, but the funny thing is, and I'm not sure why, the worst regrets I have is coins that I didn't buy when I had the chance. I try now not to make that mistake anymore, but I'm sure I probably still will.
Put it this way, it's at least something that you can sell if you need to whether you make a profit or loss. Some chose to waste their money by drinking, smoking etc. Not saying that one must give them up completely. Occasional events wouldn't hurt - just not excessive.
It's better to have coin collected and lost, than to have never coin collected at all. This is a before coffee, Monday morning post, and may make no sense at all.
Been there as well....I had to sell virtually all I had collected, little by little, over a number of decades. But, I'm back and I'm sure you are as well---both of us filled with regrets, yet still filled with the passion to begin again.
I think a lot of us have been there. My biggest regret, funny enough, was selling some tokens(civil war, hard times) that I had little knowledge of at the time to further my focused collection. Man I wish I would have held on to those! I like Stephan77's post about how it's better to have collected and lost to have never collected at all! I loved those tokens while I had them.
I have never had to sell out of necessity. I have sold close to 100 pieces over time, and found it to be an important part of my collecting cycle. It prepares you, or another family member, about the realities they will face one day. It will also change your way of thinking about some of your purchases you will make in the future. But when it isn't an option for you, I can imagine regrets and disappointment setting in afterwards. You appear to have survived the ordeal and are getting involved again. You will find you are now a better collector because of it. This is a good example of making lemonade from lemons.
ha merril , i did the same thing literally like 6 months ago. and i have kicked myself ever since. but i kept the few pieces i felt were truly worth it... me keeping the unique stuff.. it didn't make up for the lost but i know if i look hard enough i can get it back,, whither i can get it all back that's another story, but the thrill of getting better coins to add to my sets is the funn in it all
we all go through this once in a while, dont be mad just plann better for in the end it is our savings for the future which is the main concern.. we can always get ridd of a few things to build something better
No............you sold it. You didn't "lose" it, you "sold" it. Try to not lament the absence of something in your life with which you placed a monetary value. Lament the absence of something which has no value. As for coins? Phffft! ANBODY, with any means, no matter how big or small, can regain a coin collection ten times over with a little effort. Collecting is not so much possessing as it is "appreciating" both the collected items and the effort expended in the collection.
Just one of the great things about coin collecting, you have a liquid asset that can be easily sold, unlike many hobbies that provide no financial returns. I’ve bought and sold many collections. After the 2008 crash, I sold a complete set of 1986 to 2008 unc gold commems for a huge profit, which allowed me to stay retired. Now, I’m enjoying amassing the next collection, I’ll someday sell.
I can sympathize with you having had to sell my beginners collection way back in the 60s. Am just now getting back into it out here on the west coast. The condition of the "goodies" is far better and they haven't been pawed by the hordes of the unwashed either.....
When debating whether to keep or sell a coin, figure out the current market value, then consider if you did not own the coin, would you buy it for that price? If the answer is yes, hold on to it, if not, sell it. This technique has really helped me to realize which coins were important to me and which were not.
