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CuprousCoin
Valued Member
USA
221 Posts |
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How can I help support Coin Community?
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SeatedNut
Pillar Of The Community
United States
1983 Posts |
 Posted 07/30/2008 08:28 am
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It really hasn't hit me that hard. Since gas is so high, I just cut my driving to only the essentials (to and from work and trips to local businesses). If anything, I've made more coin purchases lately. Retail prices for goods are slowly creeping up, so this may pinch the coin purchases. I haven't had to sell any of the collection and don't think I'll have to resort to that.
I'm sure many others are feeling it much more than me. I feel for those who have long commutes with no mass transit options. On the bright side ... several economic indicators have swung in the opposite direction this week and we may have weathered the onslaught. 
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eaglefoot
Pillar Of The Community
USA
5054 Posts |
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photoeric21
Valued Member
USA
179 Posts |
Posted 07/30/2008 10:44 am
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I'm a single 22 year old with a good job so the economic downswing hasn't made its way to me... yet
I could see how someone with a mortgage or lots of debt could really be in a pinch right now.
Though I do cringe when I fill up at the gas station, I remind myself that I am lucky with my current situation.
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shatsi
Pillar Of The Community
USA
1436 Posts |
Posted 07/30/2008 10:56 am
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I'm probably in the same line as eaglefoot. Don't have big CC debt but we do have a big mortgage payment every month, health insurance payments and a baby on the way. And I haven't been able to fight the temptation to purchase coins. But I must say its been slow. I don't use Ebay as much as I used to. And I try to focus on coins that I need to complete the sets rather than straying.
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MINT_MARQ
Pillar Of The Community
USA
883 Posts |
Posted 07/30/2008 11:01 am
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I collect mainly Silver circulated coins. I try to justify my purchases as a hedge investment, just in the instance that times in the US get even tougher. Seems like precious metals go up when things take a turn for the worse.
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Kabiye_Lady
Pillar Of The Community
USA
577 Posts |
Posted 07/30/2008 11:26 am
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Well, get rid of credit card debt - automatically save 10 or 15 or 29% each month!
Remember, when times are tuff, people sell things like coins. And what do they sell first? The crap. And who's there to buy the crap? Whoever still has money doesn't want crap - they want your good stuff and for a crappy price!
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eaglefoot
Pillar Of The Community
USA
5054 Posts |
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penny pincher
Valued Member
USA
417 Posts |
Posted 07/30/2008 12:19 pm
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Sadly, this is something that I can really understand right now. I am not to the point of really selling off anything that I have, but if I do have bulk coins (almost all cents) then I do trade it in now and then. It is easier to see a large container of cents going out the door than silver and my nicer stuff, but I do end up taking it to the bank because there is no way to get more out of it without taking a huge hit on eBay.
What makes it really tough is that my wife just lost her job, house payments, cutting the credit card debt, medical bills and feeding a household are adding up right now so my buying has gone for now. About the only thing I do is really check all my pocket change and hope to still find a way to roll search.
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jbuck
Moderator
USA
7203 Posts |
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CuprousCoin
Valued Member
USA
221 Posts |
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Jaobler
Pillar Of The Community
USA
2147 Posts |
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1sikevo
Pillar Of The Community
USA
1130 Posts |
Posted 07/30/2008 2:53 pm
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I tossed my budget out the window last week on 2 big coins, so no coin purchases for me for the next few weeks.
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eaglefoot
Pillar Of The Community
USA
5054 Posts |
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COINAHOLIC
Pillar Of The Community
USA
1068 Posts |
Posted 07/30/2008 4:06 pm
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Yes prices on everything in CA are up! Gas, grocery store, basically anything that is delivered is now much higher! Coin purchases are in a down turn now and I have turned to roll searching and the trading forum here on CCF trying to complete my LMC set. Also have a long distance trade in the works with our friend from Poland DL20K. I have a little set aside for this year annual peddlers fair, it's in a couple of weeks, and we will have to see what it yields with this uncertain economy, usually can find a few good coins reasonably priced, but that is yet to be!
Paul
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onejinx
Pillar Of The Community
USA
954 Posts |
Posted 07/30/2008 6:15 pm
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I'm in the same line as everyone else. We have a mortgage and basic expenses. We have very little CC debt, only about $600. Gas really affects us where we live though. Up here in NH nothing is close by. Besides myself, my wife and 2 of our kids, we also have 4 foster children. We have slowly seen a rise in food prices. Walmart has recently increased their prices on the food side.
But as for selling coins, I was close once when I lived in NC. I needed some money for some bills and had drove to a local pawn shop. I was sitting in my car in the parking lot for almost 20 minutes. I couldn't get out to go sell any of them. So I drove home.
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) I feel that the American will to survive will prevail, so I will hold on to my gold and silver ( what else will be left ) until they knock on my door. These are the times that can again make us strong, we just need to stand together. So...........how do you stand ?
This weekend it's supposed to be 100 degrees Sat. and Sunday regular temperature ! Then add the heat index !
