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 Replies: 21 / Views: 3,942 |
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Valued Member
440 Posts |
tkbsic hit the nail on the head. As a coin collector at age 16 you are way ahead of the crowd. Concentrate on your education, strive for a good paying job, and have patience. Avoid the pitfalls of instant gratification. In the meantime I would study the coins you are interested in in great depth; then you can make a great buy when you are ready to pull the trigger. Even though it may take years, when you do accomplish this it will have been worthwhile.
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Valued Member
United States
457 Posts |
I'm a bit in the same situation as you. I'm turning 14 in November. Although, I've decided to keep coins on the back burner for now. Next summer, I'm going to get a young worker's permit (think that's what it is called), and work at the local winery bussing tables. My brother has been working there for the past 2 years, and we're really good friends with the owners, so I ought to get the job. Most of that money is going to go for my coins though. So enough yapping about me, lets get to what I'd do in your situation.
Like people said above, patience is key. Try not to buy or spend any of your money while saving up or that coin. The only way to get it quicker is to get a job, or sell some items(not necessarily from your collection).
Mark
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Pillar of the Community
United States
1512 Posts |
I wonder if you could find a local dealer that would be willing to work out a sort of really long term layaway plan, allowing you to pay a fixed amount per week, say $20.00, but pay more when you could (like, when you come into birthday or Christmas money or when you started a summer job)? You may have to be flexible on pricing(pay a slight premium), since the dealer would be tying up resources for an undetermined amount of time. I think you might have luck, most dealers want to help young numismatists, I think.
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Pillar of the Community
United States
1370 Posts |
 I have a dealer that will hold stuff on layaway and he doesn't even charge a premium for that |
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Pillar of the Community
United States
7840 Posts |
I have put coins on "lay-a-way" before.
May I ask why the year 1803 for a Draped Bust Dollar?
Edited by oih82w8
09/19/2014 2:01 pm
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Valued Member
United States
291 Posts |
How much is an 1803 dollar and what grade you desire?
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Pillar of the Community
United States
506 Posts |
Ah! A fellow young collector! (I'm 15) Maybe you can ask your dad if you want to share the coin? You could also try taking out a "loan" from your parents. Maybe you could ask your parents for a raise in allowance and/or do more chores.
Totally separate from parents, try asking yourself "which do I value more at the moment, the 1803 or my other coins?" Maybe there are a few coins that have very little sentimental value than the others. If you really want this coin, you might need to make some sacrifices.
If you really don't want to tell your other coins, you can try finding a job and just be patient, save the money, and you will eventually hit your goal.
Edited by coinlover168
09/20/2014 12:23 am
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Valued Member
 United States
77 Posts |
oih82w8 I guess I would prefer the year 1803 since it is right before the famous 1804 draped bust. Beyond that, I guess I'm not too sure? Maybe if other years are cheaper but have the same beautiful design, I'd be willing to change the year. usc96 the 1803 draped bust is quite expensive for a junior in high school. In the XF range they can cost anywhere from $900-$1300. I can settle with a VF or F, but they would still be in the $700-$900 range, still extremely expensive for a 16 year old. My parents were in shock when I told them about buying the Barber dime for $340, but this will drop them on the spot. Thanks for all the ideas! I will set out to save some $ from any money I bring in. We'll see how it works out. Stay tuned :) |
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Pillar of the Community
United States
2540 Posts |
easy, just write to China, and order one
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Pillar of the Community
United States
5854 Posts |
If you are just looking for a silver dollar with that design, the least expensive year is 1799. I am not sure which price guide you are quoting but they seem quite low. Bust dollars in problem free F and EF are like $1400-1600 and $4000-4500 respectively. If you just looking for a coin with that design, the half dollar is the least expensive option. A problem free VG/F can be had for around the same price as your dime.
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Valued Member
United States
77 Posts |
Doubl3Eagle I'm just going off of prices I saw for graded 1803 draped busts on ebay |
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Valued Member
United States
72 Posts |
If I were in your shoes, I would aspire for the half dollar and put the dollar dream on hold for awhile. Still get the design, still get a good size coin, and much more affordable.
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Valued Member
United States
114 Posts |
I'd second Catbert's suggestion. The Draped half dollar is less expensive, and still a hefty coin, larger than the modern half dollar.
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Bedrock of the Community
United States
20753 Posts |
Quote:
easy, just write to China, and order one I'm to late with that one. That is what I was going to say.  Here is a problem we and many other face. If your young, you usually can't afford expensive things. As you get older, now you can afford them but now the prices have gone up so still can't afford them.  At your age so much depends on relatives, friends and possibly even a nice neighbor. If I were you and could find the coin you want at a coin store, coin show, on line, etc. then the thing would be to try the please, please, please lend me some money. |
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Pillar of the Community
United States
4846 Posts |
I'm 16 as well, and I was lucky enough to land myself a weekend job at a coin store, if you work one full time day on the weekends, and work on days you normally have off (like this coming thursday there's no school), they money can really add up
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Replies: 21 / Views: 3,942 |
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Posted 09/19/2014 07:12 am
