Should I hold onto my coin collection?

Should I hold onto my coin collection?

For most collectors, a holding period of at least 5-10 years is recommended for the best performance. In fact, this amount of time is usually required to form a nice collection of most series. Finding the right coin at the right price is critical if you hope to be a successful collector/investor.

Is it a good time to sell rare coins?

Although the internet is blurring the traditional coin seasons, the two best times of the year for selling your coins are still around the FUN show in January and at the summer ANA in July or August. This holds true for selling a coin yourself, on consignment, or through an auction.

How old does a coin have to be to be expensive?

Pretty much any wheat cent (Lincoln pennies minted from 1909 – 1958) are worth 4 cents minimum. There isn’t a set age for coins to be worth more than face value. Coin value is mostly a function of rarity. The more coins minted in a given year by a given mint the less the coin will be valued.

How do I sell collectible coins?

Among the most widely used options for selling rare coins is direct to a rare coin company or coin dealer. That may possibly include the source from which you first acquired your collection. Or you can sell them to an acquaintance, friend, or family member.

How much is a 1961 penny worth?

The 1961 penny with no mint mark and the 1961 D penny are each worth around $0.15 in uncirculated condition with an MS-63RB grade. The value is around $0.30 in uncirculated condition with a grade of MS-65RD. Proof coins with no mint mark are available and they are each valued at around $1.50 in PR-65RD condition.

How much is a 1972 penny worth?

The 1972 penny with no mint mark and the 1972 D penny are each worth around $0.30 in uncirculated condition with an MS 65 grade. The 1972 S penny is worth around $0.75 in uncirculated condition with an MS 65 grade. Proof coins with the S mint mark are available and they are each valued at around $1 in PR 65 condition.

Why do coin collectors sell old coins?

Some coin collectors sell old coins not for bill or grocery money, but for more coins. In fact, for many coin collectors, selling coins may be the only way they can afford to venture into new areas of the hobby.

Should you sell your coins or cash?

Though you may see the promise of cold hard cash in your hands as a reason to sell your coins, sometimes there are tax implications to selling coins, and you might be selling rare coins that may appreciate in value over the long term.

Are You overlooking sentimental value of your old coins?

In the rush to sell old coins to gain quick cash, you may be overlooking sentimental value you may have attached to the coins.

Should you hold Bitcoin or sell bitcoin?

Scenario One: Hold Bitcoin and see it plunge from $13,000 to $3000. Scenario Two: Sell Bitcoin and see it rally to over $20,000 soon. Ideally, an investor would like to book profit near the peak, which is quite difficult to predict. Given the windfall gain, there is a middle option available to such crypto investors.