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<p>[QUOTE="dougsmit, post: 7816279, member: 19463"]As an exercise lets imagine someone were to offer you an amount of money for your <u>entire</u> collection AND also require you to promise never to buy, handle or look at an ancient coin (or even a photo of one) for the rest of your life. Now lets say your collection cost you a total of $1 million dollars. Obviously there are circumstances that would make getting the money you spent back in large part most desirable but for this exercise lets imagine that you are comfortable, debt free, healthy and do not know exactly what you would do with the money. Would you be tempted by $2 million? 5? 10? There are those among us for whom life would not improve with another $10 million and those who would sell body parts for a small fraction of that sum. I suppose everything has its price but that price is set by circumstance rather than by RedBook value. In 1974 I made a mistake and sold a bunch of coins that I liked then and have not replaced now. I have never seen a single one for sale since (I would recognize about a dozen and have images of a few others). I question myself as to what I would pay for certain of 'my' coins rather than just one like or a bit better than what I had. Modern collectors would not understand that difference. A few who collect ancients might. Trades are like that. I do not expect the person to whom I sent the Didius to trade it back to me and I could most certainly find a nicer one on the market simply by telling certain dealers that I was willing to pay 2-3x what it might be worth. That made that trade a good deal for me. </p><p><br /></p><p>The coin was shown in my last post here. It belonged to my late friend Roger Bickford-Smith who left his coins to the BM. His lesser coins by their definition were sold in CNG sale #47 and I bought several for one reason or another. Others were accessioned. I was hoping that no one at the British Museum would think this one worth adding to their collection. They did. At least I can feel good that someone there understands my interests. </p><p><a href="https://www.britishmuseum.org/collection/object/C_1997-1203-107" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.britishmuseum.org/collection/object/C_1997-1203-107" rel="nofollow">https://www.britishmuseum.org/collection/object/C_1997-1203-107</a>[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 7816279, member: 19463"]As an exercise lets imagine someone were to offer you an amount of money for your [U]entire[/U] collection AND also require you to promise never to buy, handle or look at an ancient coin (or even a photo of one) for the rest of your life. Now lets say your collection cost you a total of $1 million dollars. Obviously there are circumstances that would make getting the money you spent back in large part most desirable but for this exercise lets imagine that you are comfortable, debt free, healthy and do not know exactly what you would do with the money. Would you be tempted by $2 million? 5? 10? There are those among us for whom life would not improve with another $10 million and those who would sell body parts for a small fraction of that sum. I suppose everything has its price but that price is set by circumstance rather than by RedBook value. In 1974 I made a mistake and sold a bunch of coins that I liked then and have not replaced now. I have never seen a single one for sale since (I would recognize about a dozen and have images of a few others). I question myself as to what I would pay for certain of 'my' coins rather than just one like or a bit better than what I had. Modern collectors would not understand that difference. A few who collect ancients might. Trades are like that. I do not expect the person to whom I sent the Didius to trade it back to me and I could most certainly find a nicer one on the market simply by telling certain dealers that I was willing to pay 2-3x what it might be worth. That made that trade a good deal for me. The coin was shown in my last post here. It belonged to my late friend Roger Bickford-Smith who left his coins to the BM. His lesser coins by their definition were sold in CNG sale #47 and I bought several for one reason or another. Others were accessioned. I was hoping that no one at the British Museum would think this one worth adding to their collection. They did. At least I can feel good that someone there understands my interests. [URL]https://www.britishmuseum.org/collection/object/C_1997-1203-107[/URL][/QUOTE]
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