Investments and attachments

in steemleo •  22 days ago 

I like to check on my collector coins from time to time and see how they are doing on the secondary market.

What is the price development?

How many are getting sold?

How many are getting offered? etc

Some are doing good, some ok and some bad. Pretty much like crypto.

While with crypto I can divorce a coin much more easily and usually it is just greed what makes me regret my sells/trades with silver coins I feel more attached to them.

Often I try to buy enough so if my sells get through I end up with a free one for my personal collection. But some are too expensive for me to buy in bulk or multiple.

This one for example is doing quite well

x170985_rev-570.png.pagespeed.ic.yQaRrNStGp.png

source

When I bought it checked most of my boxes

  • First in a series
  • low mintage
  • great motive

The coin is far away from spot price and is something for collectors and not stackers. As mentioned the coin had a very positve price movement and almost doubled in price so far. Actually a good time to get out.

But somehow the collector in me is screaming that I can forget selling this coin and I rather should get the rest of the series.

While I am surely not getting the rest I am also not sure if I am gonna sell it. There is no real hype about as far as I can tell so I think there is a good chance it holds its value.

On the other hand the gain in liquidity would be nice as well as more interesting coins getting released and at some point there is no liquidity to buy in anymore...

My idea for silver was the following :

  • build up supply for a couple of years

  • after the build up phase I have to wait till the coins appreciate in value

  • sell

  • when this cycle is once created it I have the option to buy more supply with the gains or take them out

This is also the same logic I am applying to sealed magic the gathering products.

I know some people do that with Lego as well which I find quite fascinating.

The whole thing also shows that your best friend and worst enemy in investing is time

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

If this is the first and looks this good, I'd def3hold off selling till the seconds/3rd comes out.

Just look how collectable the queen's beasts series has become.

Afaik it will only be a 3 part series and the wolf and lux seemingly get released at the same date but maybe it is also just the dealer who gets them on this date.

They pushed the price up already so I am staying out of the last 2.

just checked they sold out already

!trdo

Congratulations @lichtblick, you are successfuly trended the post that shared by @flipstar!
@flipstar will receive 0.41237100 TRDO & @lichtblick will get 0.27491400 TRDO curation in 3 Days from Post Created Date!

"Call TRDO, Your Comment Worth Something!"

To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

$trdo

Congratulations @goldcoin, you are successfuly trended the post that shared by @flipstar!
@flipstar will receive 3.70878750 TRDO & @goldcoin will get 2.47252500 TRDO curation in 3 Days from Post Created Date!

"Call TRDO, Your Comment Worth Something!"

To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

@tipu curate

Upvoted 👌 (Mana: 15/20)

thank you

You're heavily invested in buying of these collector coins, how profitable does a good sale seem? I mean after you've built up?

tough to say. from what I have seen so far 10% to a couple of hundred but with 25% to 30% I am happy for now.

That's even not bad anyway, it's a bit stable to some extent.

you also have some coins which not going up at all and you might sit on them so it is not risk free but you always have the value of silver

So you're saying there's a more certainty on silver than on some coin?

well with silver you get for spot price you depend that spot price goes up.

with collector coins they are not this dependable on the actual silver price but some will fall back to the silver price as no collector wants them while others are sold for a high premium.

But they will not become worthless as they are still silver.

dblog logo w white background.jpg
This post is upvoted by @dblog.supporter.
Visit https://dblog.io now! This is a tribe for all bloggers on Steem blockchain.

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

Congratulations @flipstar, your post successfully recieved 4.1211585 TRDO from below listed TRENDO callers:

@goldcoin earned : 2.472525 TRDO curation
@lichtblick earned : 0.274914 TRDO curation


To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site