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 Replies: 34 / Views: 3,496 |
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Pillar of the Community
United States
1327 Posts |
I know I have the same problem as the rest. I spent alot of money in march, and I also looked throught about 300 dollar in half dollar and didn't spend any money on those all 300 went back into the bank. here is what I bought in march 9 Franklin half dollars all MS 1 Seated dime1 1913- type 1 Buffalo nickel1 china panda silver dollar 1 silver Mexican libertad 1 Australian Koula 1 Australina Kookuburra 1 UK Bratinna 2 Australian Florins So yes I have a problem Oh yas plus I went to Las Vegas and bought half of those coins there. But like others have said I feel it is not a problem if all your bill and you do not go in debt over it then no problem, my wife might disagree alittle she feels I spend to much on coins. |
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Pillar of the Community
Australia
655 Posts |
Hang on I can't have a coin problem. I only bought one coin in March.  Image:  1879m.jpg59.13 KB |
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Valued Member
United States
70 Posts |
We all have that problem from time to time. My wife says I'm obsessed with coins right now. I think she's right  The only thing I can say is that all of us could have a worse addiction that causes us to spend the same amount of money and leaves us with nothing later on. I feel the money I'm spending on coins is somewhat of an investment. I don't buy for that reason, but I know they'll retain their value better than half the other items we buy. |
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Pillar of the Community
United States
1247 Posts |
Compared to some people in this country with $40,000 in credit card debt and nothing to show for it except a garage full of junk, your practically a financial genius.
It's probably not too smart, but I've always been pretty derelict with cars too. One time I had a windshield wiper motor that was going bad. It would move the blades forward but the blades hung up coming back. So I had a string tied on one of the arms and was pulling the wiper blades back each time they hung up. Allowing such a distraction in florida, in summer thunder storms, on florida roads, with florida mullets wasn't too smart of me. I just ride the bus now. I'm sick of cars. Sick of working to pay for them and then working to keep them together after they're paid for.
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Valued Member
United States
376 Posts |
Tykimeister I can not see where you have a problem. You can still see out the windshield can't you? The dent adds character to the car, so no problem there. Saving money, you have probably saved more money with the value of the coins than you would have saved otherwise, and they will increase in value faster than most interest rates. You only have a problem when you wake in the morning,at the computer on ebay, where you fell asleep the night before and stay on there until you leave for work, then run to a computer to check ebay at lunch, and as soon as you get home you are back on ebay until you fall asleep at the computer still on ebay. If that is the case SLOW DOWN AND LEAVE SOME FOR THE REST OF US. madspec |
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Pillar of the Community
United States
986 Posts |
Here's my logic- if I spend all my money on coins, at least I'll always have money left over. And besides, I'm not old enough to have a car anyways...so that's a bunch of money I can put towards coins. My parents think that I'm crazy, especially since in the last month I spent over $500 on two coins- both of them were draped bust halves. And now that I'm considering buying a flowing hair half, they're exchanging the "this comes from your side of the family" looks.
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Pillar of the Community
Australia
9427 Posts |
I don't have this problem, because there are no funds left over to buy coins, after I pay all the bills. So purchases are scarce for me. But I wish I had the problem. My wife just started a part time job last night, so who knows, just maybe I will be able to sneak an extra coin in here and there. Steve |
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Pillar of the Community
 United States
882 Posts |
i don't think I have a problem with bidding wars. Most items I make one bid and leave it tell it's over and wait and see which ones I win. I always try and get things cheep so I don't win items too often, but I bid very often, but only once. Most silver coins I will base my bids on the silver value alone.
I think the problem is that I keep buying to cheep stuff. I have completely stopped buying cull or AG coins. Well, unless its a 1700's coin. But I think I need to stop buying all the cheep coins and save up for the expensive ones. This will be a hard task.
Ty
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Pillar of the Community
United States
7123 Posts |
I have coins in my collection that cost me less than 5 bucks that I would not take 1000.00 for ,, I have coins that cost me nothing that I would not take 10,000 dollars for .
Cheap and expensive are nothing more than what is valuable or worthless to you ,, they are not always synonomous with dollars and cents !!
Metalman
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Valued Member
United States
382 Posts |
Hey all, I agree with much of what has been said. I have the problem also. Spending money when it miught be needed elsewhere is a problem, not just with coins either. I have to agree you only go around once and might as well do what you enjoy while on this Earth. I do not drink anymore but I do smoke, too much. If I put all the $$$ I have puffed away in coins over the years I would have a colection worthy of a museum. For now I have to be happy spending 50 buck a month but if I love the coins it's the same as spending 10,000 to me. It's not the price or value of the collection it's the appreciation I have for it and the interesting stories behind the coins I collect. Over and Out. Tony |
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Pillar of the Community
Australia
655 Posts |
quote:
But I think I need to stop buying all the cheep coins and save up for the expensive ones. This will be a hard task.
I can understand that. In the past I have bought coins for silver price and less but have found this to become unsatisfying after a while. Bullion silver just doesn't do it for me anymore. I suppose it's because I'm buying for the silver more than for the coin. So no more bullion silver for me unless there's something special about the coin. Even bullion gold coins have lost their appeal. This is where it can get expensive. I love my last purchase but it wasn't cheap. I'm not sure where I'm heading in this hobby now but it seems I get more satisfaction if I save longer, buy less often and get something more rare and in higher grade. I'm down to buying one coin a month. I have read of investors that only buy one or two coins per year. That's not for everyone of course. Each to their own. |
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Pillar of the Community
Belgium
2078 Posts |
As I understand it in Holland you can get free Methadon to cure any kind of addiction ( snow, hash, crack,synth etc) However my addiction is incurable I got it when I was 6 years old and my grandfather gave me a gold St Gaudens 20$ At the time 1953 he still had 50 kilo bags of rice and 50 kilo bags of salt sitting in his living room but was relaxing enough to get rid of some of his gold stack believing the next worldwar would not be immidiately  He kept giving till I was 18 years old When I spent 5 years at university my working fiancee gave me every month a gold Napoleon or Florin or Sovereign  So I ended up putting any money in gold coins Common coins which had and have to be sold when times are rough and not so common coins I try to hang on to So I am kind of schizofrenic I will buy on ebay coins between 10-20% below goldmelt (bottomfishing) And I have some collector coins that I paid up to 234% over melt for I keep a file with coins marked in three colors Sell first- sell second- sell when in dire need- The unmarked are not for sale unless starving I married my fiancee ( 35 years now ) and we have an understanding when gold gets to be valueless she can have it all to wear as jewellry  |
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Valued Member
United States
346 Posts |
People look at me like a crazy person when I tell them that I spent a thousand bucks on coins. There is literally nobody my age here who understands coin collecting, and it's kind of depressing. I did get a friend interested in it though.
I don't know, it's becoming an addiction, but like someone said already, it's a good addiction because you never really lose your money, it just appreciates (unless you got screwed over or something, then you lose money)
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Valued Member
United States
455 Posts |
Last year I went a little overboard with spending on coins, no regrets. I was out of work and had plenty of time to devote to the hobby. I don't think I've bought anything this year, but that's just because I'm busy and not because I've lost interest. I've got my eye on the new AGEs and I'm waiting for the fractional buffalo pieces to come out. That will be a hefty purchase, more than make up for the last few months of inactivity. I can't resist the yellow stuff lately.
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Moderator
 United States
23522 Posts |
My problem comes and goes - there are periods when I'll only watch things, never pulling the trigger. I find it much easier to avoid buying now that I've abandoned my obsession with 1921 Morgans - nowadays, I want so many different things that I get mentally gridlocked, not knowing which shiny to go for first, and end up spending nothing.  I've been pretty actively buying lately, the result of converting my Morgan liquidation into other coins, but it's going to be a fairly quiet summer for me. Yeah, right. You don't believe that either, do you?  |
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Posted 03/30/2007 2:46 pm
1879m.jpg
