| past current collectors to those who have not yet entered the market. Demand for the new Judd book is so strong a second printing is on the way, probably by early November. |
| (Continued from page 1) obvious that a lot more people bought books than own patterns. Apparently, interest in patterns extends
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| Following are seven common reasons people sell their coins:
¨ You have an accumulation of “junk” coins you wish to trade better, higher potential coins. ¨ Your coin accumulation is heavy, bulky, and better consolidated to cash, high end coins. ¨ You need cash. ¨ You are at an age where simplifying or moving your assets into “liquid” is appropriate. ¨ You overpaid for coins that now are static, and whose best use might be as a tax loss. ¨ You have inherited a coin collection which you need to sell or split among the heirs. ¨ You have lost interest in coins. |
| Thinking of Selling Your Coins? |
| When to Sell Coins (cont’) |
| Pattern Market Still Booms (cont’) |
| Customized Numismatic Portfolios |
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above $380 might make sense. If you have coins that have risen dramatically, but are now just holding their price level, for example, unc. rolls of quarters, selling makes sense. Same for most silver dollars. Investment minded collectors should also consider tax consequences of selling. If you purchased coins during the wild peak of 1989-90, when prices were multiples of what they are now, and your coins have no chance of recovering, selling and taking the tax loss might be more valuable than the coins themselves. As always, it pays to ask someone knowledgeable about coins when you are considering any of these moves. As a reader of this newsletter, you are invited to use me as a resource.
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| news. It brings coins back to basics, and gives independence from economic trends and fluctuations. Coins should continue strong, and relatively unaffected by the economy.
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| (Continued from page 1) investors. For example, if you are a collector and you lose interest in one area, or want to get a higher graded example of a coin, selling is the right thing to do. Investors have other considerations. If a coin has not risen in price, that does not mean it is necessarily time to sell. If however, the coin has no real reason to rise in price, selling is probably appropriate. For example if you own a pattern coin where the price has not risen in the last few months. Selling would be ludricrous. If, on the other hand, you own bullion dominated gold coins, selling while gold is
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| Rare Coin Report is written and published by Lawrence D. Goldberg, owner of Customized Numismatic Portfolios (c) March, 2003 All Rights Reserved Please feel free to call toll free with your comments and questions at: 800 334-3325 Fax: 818 557-0902 e-mail: nofreelunch@earthlink.net
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| I pay the highest prices. Call me now for a free consultation (800) 334-3325 |
