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Do You Collect As A Hobby Or As An Investment?

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New Member
Canada
12 Posts
 Posted 11/11/2013  11:56 pm  Show Profile   Bookmark this reply Add Garett to your friends list
Hobby only, more fun that way.
Pillar of the Community
United States
4233 Posts
 Posted 11/29/2013  3:10 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list
I found this thread because I thought it would be interesting to poll how many (like me) have never sold a coin. This poll doesn't quite cover it, but I guess it's close enough. As others said, people who primarily flip coins for profit probably aren't hanging out here, so the "never sell" percentage would probably be skewed.
Pillar of the Community
United States
3184 Posts
 Posted 11/29/2013  3:30 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list
both! I like the numismatic but also happy that its worth some money
Pillar of the Community
United States
1584 Posts
 Posted 11/30/2013  8:47 pm  Show Profile   Bookmark this reply Add noD to your friends list
When I play my cards right, it can easily be both!
Pillar of the Community
United States
592 Posts
 Posted 12/02/2013  7:56 pm  Show Profile   Bookmark this reply Add SaintRidley to your friends list
Pure hobby. No interest in ever selling, unless so strapped it was unavoidable. And even then I'd sell a kidney first.
Valued Member
60 Posts
 Posted 12/02/2013  7:58 pm  Show Profile   Bookmark this reply Add matrixdog to your friends list
Hobby for me I know I have a big investment for the kids later on plus with bitcoins
Pillar of the Community
United States
8904 Posts
 Posted 12/02/2013  9:31 pm  Show Profile   Bookmark this reply Add Moe145 to your friends list
Completely hobby. However, I do like finding great deals well below market value!!


I have sold off coins in the past, unfortunately. Due to a business that needed the cash, about 2 years ago, I sold off my Morgan dollar, Walking Liberty and Barber half dollar collections, mostly for spot at the time.


So far, I have mostly rebuilt my Walking Liberty half collection (mostly MS), and about 10% of my Morgans. More to follow.

(Yes, the business is doing well! Thanks for asking!)


So, I guess, I'm a collector, investor (for my ancestors' future), and also an upgrader and a rebuilder!!

Pillar of the Community
United States
3453 Posts
 Posted 12/02/2013  10:19 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
To be an investment, I would have to sell something...hobby for now.
Edited by CoinsKelly
12/03/2013 09:17 am
Pillar of the Community
United States
3453 Posts
 Posted 12/02/2013  10:21 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
Just_carl, I do hope you are around and of sound mind to enjoy phase III of your plan!
Pillar of the Community
United States
3453 Posts
 Posted 12/02/2013  10:22 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list
Last post, Moe, you are @ 6000!
Pillar of the Community
United States
8904 Posts
 Posted 12/03/2013  09:09 am  Show Profile   Bookmark this reply Add Moe145 to your friends list

Quote:
Last post, Moe, you are @ 6000!



Well, well, well! Pretty cool!
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United States
189053 Posts
 Posted 12/03/2013  09:42 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Pure hobby. No interest in ever selling, unless so strapped it was unavoidable. And even then I'd sell a kidney first.
I have always said I would sell the cardboard box I was living in before I sold a coin. Now I know I do not have to stop there.
Valued Member
United States
293 Posts
 Posted 12/03/2013  1:33 pm  Show Profile   Bookmark this reply Add atchisonbj to your friends list
Started out as hobby for me but now I deal in coins. Collectors who have bought from me tend to notice that I take a collectors approach to what I sell --- and avoid the junk out there --- when you are a dealer too much of the wrong stuff and you have the spiders spinning their webs on it and that's no good. The bottom line --- if you wouldn't put it in your collection or wouldn't buy if you collected that series then don't expect the next guy too. At that point it is either face value, bullion, or bulk.
Pillar of the Community
United States
3486 Posts
 Posted 12/03/2013  3:23 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list
the only reason I sell coins is to buy ones I like better!

ME TOO!
Those who "invest" in coins will never understand our love of coins.
Hobby first, potential gain a distant second.


Pillar of the Community
United States
3486 Posts
 Posted 12/03/2013  3:27 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list
atchisonbj,
The best dealers are those who maintain the heart of a collector.
A "collector's approach" - MUCH wisdom in that phrase.
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