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What Degree Collector/Investor Are You?

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New Member
United States
31 Posts
 Posted 11/18/2007  10:48 am  Show Profile   Bookmark this reply Add Ardon to your friends list
Well, I've actually never sold a coin to a dealer. I buy coins for either my own personal entertainment because I like the coin, or because I think it's really neat looking or unusual (like a large cent, or unusual denomination) and like to show my friends. Also, I spend (or pretend to spend) really cheap, low grade coins. So for me, it's just my fun, not an investment.
Valued Member
United States
60 Posts
 Posted 01/10/2008  7:39 pm  Show Profile   Bookmark this reply Add chill to your friends list
Collecting is a fun hobby that my grandfather got me into when I was a young boy. However, collecting is an investment. I look at my coin collection like a stock portfolio. Selling off lesser grades for funds to buy higher end coins. This of course isn't always the case. There are a few coins that are G-4 that I'll never let go of...

Collecting is fun but it's better if you're collection could by you a house :)
Pillar of the Community
United States
2600 Posts
 Posted 01/10/2008  7:45 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list
Just like Monopoly, you have to keep score somehow!

Jim
Pillar of the Community
United States
1571 Posts
 Posted 01/10/2008  8:34 pm  Show Profile   Bookmark this reply Add livingdinasaur to your friends list
I voted: Not very omportant, because I will not see any appreciable rise in value, (other that thru accumulation), because, at my age, there is no "future to worry about, because I am already there"! I collect to enjoy the unending learning process, and the newness of the hobby. I have collected for over 50 years, but, in the same time frame, have gotten rid of the collections I have amassed, "to feed the kids". Other than for the good of the family, my collectiomns have never been sold. I have never sold to a private party. This last two years, I have gotten seriously into varieties, and will keep it up for the rest of my lifetime. The Bov't hopes it will be a short time, because they have been "supporting me for 45 years, after "retiring"! I look at it differently, I'm going to be around for a long time to come, because I am in lousy health, but stubborn as a "Missouri mule",. and my goal is to live to be 125 ytears old, just to see what kind of mess the "Politicians" can get us into! And, I'm only 82 years old.
Dick
Edited by livingdinasaur
01/10/2008 8:43 pm
Valued Member
United States
75 Posts
 Posted 01/10/2008  9:11 pm  Show Profile   Bookmark this reply Add zerozero to your friends list
Definitely into coins for fun AND profit.
Valued Member
United States
473 Posts
 Posted 01/11/2008  12:01 am  Show Profile   Bookmark this reply Add GFR3 to your friends list
I voted somewhat important. I'm a collector first and for most. My select "core coins" I can and never will part with--they have more sentimental value than the marketplace could ever place on them...I just can't see myself getting rid of some of my favorites. I do, however, plan on selling some of my silvers in the coming years. I suspect the value of silver will continue to rise over the next few years and I think parting with a few of my least favorites and using the profits to purchase others is definitely something to consider for all of us. Think of all those 1964 Halves lying around the house...then picture silver at $25 an ounce....
New Member
United States
13 Posts
 Posted 01/11/2008  12:13 am  Show Profile   Bookmark this reply Add dschnepp to your friends list
I collect to have the coins. Now I have sold some coins. I would say about 90 percent of the coins are either NGC or PCGS graded. 80 percent I have submitted. The coins that I have sold were duplicates of what I already had. So I sell the duplicates so I can get the coins that I do not have.
Pillar of the Community
United States
764 Posts
 Posted 01/11/2008  01:21 am  Show Profile   Bookmark this reply Add littleboy to your friends list
i buy what is cheap at the time. right now, copper coins, nickel coins, and older silver. when gold goes back down to maybe $400-500 /oz, i'll stock up on that
Valued Member
United States
374 Posts
 Posted 01/11/2008  01:32 am  Show Profile   Bookmark this reply Add IHPO8S to your friends list
important is how I voted. My collection is part of my retirement along with 401 k, ira stocks etc. I will sell and buy coins for profit but my keys are not for sale.
Valued Member
United States
374 Posts
 Posted 01/11/2008  01:35 am  Show Profile   Bookmark this reply Add IHPO8S to your friends list
also I consider any coin $500.00 or more a major investment. Once coins are this price I lean towards graded mostly. All keys must be problem free and graded.
Pillar of the Community
United States
764 Posts
 Posted 01/11/2008  01:37 am  Show Profile   Bookmark this reply Add littleboy to your friends list
im never selling; my coins are going to be in my will when I'm dead, hopefully in 70+ years. then, my heirs can be millionaires which probably wont mean much with inflation.
New Member
United States
2 Posts
 Posted 01/11/2008  5:50 pm  Show Profile   Bookmark this reply Add hamby to your friends list
Very important......There is no thrill on sitting on a dead cat.....but a rocket with the fuse lit.. like gold...now thats something else.....
Valued Member
United States
168 Posts
 Posted 02/10/2008  09:09 am  Show Profile   Bookmark this reply Add dcarver9183 to your friends list
i would say important...i would like to see them increase of course, but I'm not going to jump off a building if they only hold their value.
Pillar of the Community
United States
628 Posts
 Posted 02/10/2008  09:35 am  Show Profile   Bookmark this reply Add m9frank to your friends list
I voted somewhat important.

I've paid too much for a coin I really wanted.

I've bought coins with the intention of selling them.

Overall I hope and expect coin values to rise.
Valued Member
United States
60 Posts
 Posted 02/10/2008  4:23 pm  Show Profile   Bookmark this reply Add Zulu to your friends list
I voted not important. My pension and stock investments are for investment. My coins are a hobby. Most of my older coins are vf they look nice to me anyway, but do not command huge prices and probably never will.

I collect for the enjoyment it brings, if I was doing it for investment, I would have to worry if the price of a coin spiked upwards or downwards.

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