| Author |
 Replies: 22 / Views: 3,366 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
1192 Posts |
I only really care when I buying to make sure I get a fair price. After that I just figure it would be hard to go underwater on it and it doesn't matter.
|
|
Valued Member
Pakistan
207 Posts |
Most of my collection is from currently or recently circulating coinage, and I'm well aware of that, so I don't really keep an eye on price. In fact, the few precious metal coins in my collection are the ones that have me worried that someone might try stealing it :D.
|
|
Pillar of the Community
United States
1704 Posts |
I have separate excel spreadsheets for my raw and graded coins which are updated with every new purchase. The primary reason is twofold, in case something happens to me my relatives will know what the coins are worth so they will be less likely to be taken advantage of if the try to sell them. The other reason is in case of loss, be it disaster or theft. Otherwise I do not think about their value much at all.
|
|
Pillar of the Community
United States
1373 Posts |
Honestly....no!
I will say that I always try to pay as little as possible when buying for my collection. However, once I own a coin, it really doesn't matter if the value of the item goes up or down. All I care about when buying is the coin's type, date, mint mark, and to some small extent...it's condition.
I don't plan on getting rid of any coins so as long as I have them I don't care if the value ascends or declines. The only one thing I do when I buy a coin is to keep a list on what I paid for everything, so that when I pass away and my wife/kids/grandkids decide to get rid of them, I'm hoping that they will get at LEAST 1/2 of what I paid back.
|
|
Moderator
 Australia
16842 Posts |
I do not. There are a couple of extra-valuable coins which I acquired serendipitously for nowhere near their market value that I occasionally look up to see how they're doing, since they're the ones that will probably "go first" if some kind of family or personal emergency forced me to sell some coins for quick cash.
I used to look up what the catalogue value of my newly bought coins were, after I bought them, to find out if I "got a good deal" or not. But I don't usually bother doing that any more.
I'll even admit to not doing anything in the way of research before I buy, though I'll often have a reasonable "ball park" idea. Pretty much all my coin buying is from coin shows and brick-and-mortar coin shops, and my buying strategy mainly consists of looking through a dealer's stock and saying "Oooh, I don't have one of those yet", so I rarely go shopping for coins with a wantlist. If I want to buy a coin I see for sale and I can afford it, I'll buy it, without really caring what "the market" says I should be paying. Right there and then, I am the market, and for the kinds of coins I'm interested in paying big money for (ancients, mediaevals and obscure world stuff), I'm not likely to be able to shop around and buy a similar one elsewhere. So it's either pay what the dealer is asking, or go without.
Do I sometimes get taken for a ride by the dealers that way? Sure. Do I really care? No.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
|
|
Pillar of the Community
United States
7390 Posts |
Well, my problem is being a toner collector. I can guesstimate all I want and have a good idea of where a perticular one may land but it's so subjective that until I sell I won't really know for sure as we could be talking swings of hundreds or more. For all others of 3 figure value and higher I only like to only make a list of what I paid. The thrill (or disappointment) comes when I sell and compare to my purchase price
|
|
Bedrock of the Community
United States
20753 Posts |
I have no idea what my coins are worth and could care less. No one to leave it all to so makes little difference how much they are worth. I never sell coins, although I've given many away. Makes no difference what any of them are worth. Used to way, way back when I was a kid but now, doesn't make any difference. That is one thing I can say makes me happy about my hobbies. Regardless of what they are, how many I have, what they may be worth, unless selling them, just makes no difference.
|
|
Pillar of the Community
United States
2815 Posts |
just carl- you are my hero.  |
|
Pillar of the Community
United States
1911 Posts |
I never really thought about it before... But like others I definitely would when buying and selling. Although I do sometimes check on certain coins to see if I WANT to sell in order to get new coins. Looking up that value influences whether I want to sell or not so it is a little different.
|
|
Pillar of the Community
United States
1215 Posts |
I have posted on this thread before but I wish to organize my perspective in a different manner:
I put a lot of information on the 2x2s that I put my coins in. This includes: year, denomination, country (if foreign), Actual silver weight in grams (if silver), silver % composition, and grade/designation (or details grade if applicable)
However, not ONE of the things I EVER write on a coin flip is its value. Simply put, there are two reasons:
1. Value changes all the time based on natural laws of economics
2. There is both dealer bid and dealer ask price. Which one should you even put? Of course, the more of a market the coin has, the lesser the difference, but there undoubtedly exists. This is especially relevant to foreign coins that I collect, as the market size on a particular foreign coin is virtually 0 so the retail and wholesale prices vary wildly.
|
|
Pillar of the Community
United States
4963 Posts |
Quote:
Nope- I don't care whatsoever what the value of a coin is unless I am buying or selling a particular coin.  I like to have a general idea of a coin's value when purchasing or selling, but I don't usually check if I plan on keeping the piece. As for the question regarding the necessity of the Red Book, I love having it. Even if information is available online, I find it much faster to just flip open the Book. I admit to carrying it with me to school most days. |
|
New Member
United States
19 Posts |
Not really. If the choice is between a circulated but good looking coin or a mint state coin, I prefer the circulated one. It's nice to know that the coins at least got to live a little. That circulated coins are not worth as much (less expensive to buy) is a nice bonus. :)
|
|
Pillar of the Community
Sweden
1078 Posts |
I value my coins mostly by melt or legal tender value. That being said, when I buy I think of the coins' non-collector value and buy thereafter. Of course, there are exceptions.
|
|
Pillar of the Community
798 Posts |
Lets say I have an 1890H 50 cent coin, when I look at that coin I'm like "Cool, that coin was how a 50 cent coin looked in 1890" and because of inflation was more like the equivalent of a $10 or $20 bill. My opinion is also that Quote:
Not really. If the choice is between a circulated but good looking coin or a mint state coin, I prefer the circulated one. It's nice to know that the coins at least got to live a little. That circulated coins are not worth as much (less expensive to buy) is a nice bonus. :) I think I have mentioned this here before but the grades of coins I like range from VF-AU but my favourite one would be VF-35, right in the middle. After I buy a coin and get it over with I don't need to worry about that ones price anymore, I too only have a rough guess on my collections actual "financial" value and for how important they are to me I don't even care. Even though most of them I have bought just in the last couple of years, for the fact that my coins are spending the rest of my life with me and my overall interest in them and the hobby itself they have became sentimental and will be even more once someone related to me gets them in a century. Not only can I tell you what I paid for most of my coins but I can also recall how I got them, where I got them and things like that. I don't care about what they are worth but I cant ignore it, what that means is that I still take very good care of them sense they are rare, discontinued, old, valuable and things like that but owning a coin only for what it is worth takes the fun out of actually collecting.   |
|
Moderator
United States
188952 Posts |
Somewhat, if only out of curiosity. I track my collection in a spreadsheet, so the "current" values have a column right next to the one for the price I paid. I say "current" because the last time I updated them was 2011, and before that was probably 2007. I guess I am due this year, right?  |
|
Page 2 of 2
|
Replies: 22 / Views: 3,366 |
Page 2 of 2
|
First Page
Posted 05/31/2015 3:32 pm
