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 Replies: 24 / Views: 2,142 |
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Pillar of the Community
United States
1541 Posts |
I usually go for the look. If I'm attracted to it I go for it. Although I've tried I still can't stick to a coin budget.
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Rest in Peace
United States
3730 Posts |
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Valued Member
United States
206 Posts |
for my money, i'd rather have fewer finer grade coins than many lower grade coins. wheni started I bought several lower grade coins and after looking them over and over again, I knew that I had went the wrong way. now wheni look at my collection, I know that I have the best I could afford and know that it will take me time to assemble a quality collection.
granted, I have limited resources and typically spend about $200 on coins every 3 months.
for me, it's coin collecting, not coin buying.
just my 2 pfenning
-Steve
Edited by asciibaron
11/12/2007 3:34 pm
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Valued Member
 United States
382 Posts |
Steve, I have to agree with Longline as the high grade coins give me no more pleasure than the affordable lower grade coins do. A nice speciman in Fine has the same appeal to me as a MS 64 and the coin in Fine has more character. I collect coins, not Jewels to look at them shine. Sure Unc coins are beautiful and I have enough of them but I like the Circ stuff. With limited resources you should agree with my point. Collect what you can afford.
Buying coins is ALWAYS about the money Gary, the point I am trying to keep myself from buying coins that I should not and only nice clean and undamaged coins.
MattyUK,,? what? Pun intended?
Regards Tony
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Pillar of the Community
United States
1952 Posts |
there's nothing wrong with buying circulated coins if that is what you like. I am talking about resale. and some of us (including myself) have Children that have no clue what a quarter is other than a 1/4 dollar. I agree it is about the money but not about what you spend (on my part anyway) I spend hundreds of dollars a month on coins and I am not rich. I am retired my wife is retired so we don't have a lot of money to spend on coins and a big part of the hundreds a month a spend is coming from them non keepers that I am getting rid of. but I have a lot more into them non keepers than I will get back and that is my point. if you want a set of circ's that is fine but I guarantee you will one day want that BU set and how are you going to get it? by selling your others to upgrade it is a lot of time and you will always loose money in the end unless you know something that I don't. in which case let me in on it the wife would like some of that money back lol
Gary
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Bedrock of the Community
United States
20753 Posts |
Is not to spend more than 25.00 on any coin for my collection. 10.00-15.00 would be more preferable. The idea is to finally have a substantial collection as far as the number of coins I own Great idea. Although it may depend on your age. Way, way back that is what I did but a lot, lot less money. Actually I seldom ever bought a coin until the last 10 to 20 years I guess. I started with only coins from change. Over the years many have become what is known as scarce or key coins but way back they were change. If you start now doing that, in 50 or so years your coins from today will also be worth a lot. My one big expenditure was for 10 Mercury dimes all dated 1916D for $1.50 each and no discount for buying all three. Of course that was somewhere in the 1940's so that was a lot of money. |
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Valued Member
United States
206 Posts |
here's a sampling of my finer grade coins vs a BU 1943S MS65FB Mercury dime. I paid less than $50 for this recently (retails for $68.00). I had this in MS60 and paid $8.00 for it (retails for $9.00), but the finer grade coin really looks better. is it worth 4x as much for the MS65FB? when I look at the coin and see all the detail that Weinman put into the design, it is easily worth the money to me. each coin is a work of art IMO and having the best grade I can afford only makes sense to me. when I'm dead and gone, my family is going to sell off my collection and they will be able to get top dollar for the limited number of coins without much problem. good coins will always have a market. -Steve |
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Pillar of the Community
United States
590 Posts |
 Carl how many of those 1916Ds do you still own? |
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Valued Member
United States
382 Posts |
Gary, yeah,, my kids do not know the difference between coins either. With my Daughter in college and another one possibly going in 2 years. Funds are almost none existant. If I want to collect it has to be inexpensive. As I stated in my other post I enjoy the research and reading about coins just as much as collecting them, the buying of coins is icing on the cake. All in all as long as collectors like us enjoy the hobby it's GOOD> !!! Tony  |
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Valued Member
United States
76 Posts |
Interesting that some want the very very highest grade coins they can afford, others are more interested in circulated coins, more bang for the buck. I can see both sides of it - as mostly a bullion guy now (I collected when I was a kid), I still have the urge to pick up a cool 2c or 3c or Half Cent or whatever from time to time. When I do, I go for circulated, but nice eye appeal coins that I can get for cheap. I have zero interest in junk that's worn flat or is holed or corroded. I don't know (or care) enough to pay hundreds of dollars for a high-grade coin (altho they are pretty), but I like a nice example with good eye appeal, even in the F or VF or EF range for $5 or $10 or $20. One of these days I will probably put together a type set. Edited by Always Write
11/13/2007 2:58 pm
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Valued Member
United States
382 Posts |
Like me you are Always right !!! NO,,
I agree 100%, as I have said to complete a set say or Mercury's there is always one coin that is either unobtainable or just too much $ to buy to complete a set. So I will complete my year set of Large Cents, my sets of Proof Kennedys and Ikes from that point on just buy coins I am attracted to, it still makes for a nice collection.
Regards Tony
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Pillar of the Community
United States
812 Posts |
My earlier post mentioned my "system." I would like to add that I like yours. I hate getting ripped off, and keeping purchases under $25 reduces that likelihood. You can be a first rate coin collector with this system, but, as some have mentioned, these purchases may not be great "investments." However, if you play your cards right, and do a bit of research, you may get lucky. I was purchasing coins in 2001 with limited funds. There are a couple coins I bought back then, at full retail price, that turned out pretty good. Each cost less than $35 at the time, and each was in VG-8: a 1931-S Lincoln Cent and a 1915 Barber half. The low mintages made them especially attractive, from my perspective. I am still very pleased with those purchases. |
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Pillar of the Community
Canada
1267 Posts |
I would rather own 10 'A' box coins than a thousand lesser coins. I have a budget that is most likely smaller than many who post here, and have learned over the years to confine my purchases to 1 or 2 coins a year towards my eventual box of 20. It's slow going, but as the time goes by I think I have put together a pretty decent collection.
To keep the fun of collecting active through the year, I do occasionally buy lesser coins with the intent to flip them (sometimes even at a profit), but inevitably I only end up with about that one purchase a year. This system is certainly not for everyone, but it has worked for me.
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Pillar of the Community
United States
1283 Posts |
I've gone from: - High grade common dates, to - Better date coins without an emphasis on grade, but rather eye-appeal for the grade, to - Completing sets. I'm working on Lincolns. Next going to Peace dollars, since those aren't such a massive project. |
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Valued Member
United States
382 Posts |
Bilbo, yes indeed, a wise purchase will always pay off in the end. Hadley, I tried that, having expensive A coins and not having many with no plan or prospect of ever completing a collection has caused me to sell off high end coins when I need funds. Keeping the coins affordable hopfully will let me avoid doing that.I have even sold off lesser coins when in Dire Straits. Trooper, I agree, better date coins in lower grade is the kind of thing I want to start some day.
Regards Tony
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Replies: 24 / Views: 2,142 |
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Posted 11/12/2007 09:09 am
