Beachkid23
Silver Member
I have collected coins for probably about seven years now. I'm thinking about selling them to put a down payment to buy the house we rent. I believe if I sold them, I could get $35-40,000. I enjoyed having it but I have family now and three kids and that's not something I had when I started it. But I have all the modern collections being 1917 and up coins. And a lot of key dates. Plus who knows what else. There is 2 large bank boxes, plus a stash at my parents as well. Even a Standing liberty quarter set minus the 1916. Unc 1932 d & s Washington quarters. And also 10 gold coins...
A little bit about the house. My parents bought it. And we pay them rent. $800 a month. There is 10 years left to pay and the house will be paid off. The balance is $106,000. The house was appraised recently when we had our water damage at $325,000. if we were to buy it since half of our payments for the last eight years of it have gone towards the mortgage we would buy it for the balance plus $65,000. (that is how much parents put down)
If we wait 10 years we just have to pay the $65,000. After typing this the best route seems to be to save up The $65,000.
What are your thoughts on this?
Have any of you sold off your collection and regretted it?
A little bit about the house. My parents bought it. And we pay them rent. $800 a month. There is 10 years left to pay and the house will be paid off. The balance is $106,000. The house was appraised recently when we had our water damage at $325,000. if we were to buy it since half of our payments for the last eight years of it have gone towards the mortgage we would buy it for the balance plus $65,000. (that is how much parents put down)
If we wait 10 years we just have to pay the $65,000. After typing this the best route seems to be to save up The $65,000.
What are your thoughts on this?
Have any of you sold off your collection and regretted it?