What would you sell?

[Monk]

I guess if it was vital sure.

Still I'd rather give up a few provinces in the Colonies before any of my main euro cities.

That's the reason I'm partially tempted to capture something in India or North America, not cause I want to stay there, but just so I have a bargaining chip later down the line.

Good point, colonies might provide that ace in the hole when you are in desperate need of an alliance, or new techs. The Prussian Report has me very anxious about ETW, especially with all the diplomatic manoeuvrings that is seemingly to be had!

I believe territory is probably the most valuable commodity to be had, and I think the AI thinks that way too. Your plan could very well be sound, Polemists!