Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Shipping from Germany
>
Reply to Thread
Message:
<p>[QUOTE="zumbly, post: 2352631, member: 57495"]I understand your frustration when you're rebuffed by dealers or auction houses you may be trying to sell/consign your coins to when you see them selling similar coins in similar grades, but there may be a number of reasons for this. One reason that comes to my mind immediately is that those coins could have been been part of a larger consignment that included better coins and they had to take the lesser ones as a package deal. </p><p><br /></p><p>Regarding what you're being offered for your coins, my take is that, well, dealers need their profit, and it may be too much to ask for a hobby to also be a good store of wealth when you need to cash out your initial dollar investment into it. I'm an optimistic pragmatist - 30% to 40% is the loss I expect to suffer if I have to sell any coin I bought in the near term. 50% may indeed be the figure depending on the sale venue chosen. I feel lucky that this hobby offers enough else to enjoy that being able to get back any sum of money at all is just a bonus. If I have to be concerned about how negative the return on my $ investment is going to get, I wouldn't be calling this a hobby.[/QUOTE]</p><p><br /></p>
[QUOTE="zumbly, post: 2352631, member: 57495"]I understand your frustration when you're rebuffed by dealers or auction houses you may be trying to sell/consign your coins to when you see them selling similar coins in similar grades, but there may be a number of reasons for this. One reason that comes to my mind immediately is that those coins could have been been part of a larger consignment that included better coins and they had to take the lesser ones as a package deal. Regarding what you're being offered for your coins, my take is that, well, dealers need their profit, and it may be too much to ask for a hobby to also be a good store of wealth when you need to cash out your initial dollar investment into it. I'm an optimistic pragmatist - 30% to 40% is the loss I expect to suffer if I have to sell any coin I bought in the near term. 50% may indeed be the figure depending on the sale venue chosen. I feel lucky that this hobby offers enough else to enjoy that being able to get back any sum of money at all is just a bonus. If I have to be concerned about how negative the return on my $ investment is going to get, I wouldn't be calling this a hobby.[/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
>
Ancient Coins
>
Shipping from Germany
>
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...