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 Replies: 26 / Views: 3,470 |
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Pillar of the Community
United States
600 Posts |
It isn't a contest. Be happy with what you like, and don't fall into the comparison trap. Comparison is the thief of joy.
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Bedrock of the Community
United States
10982 Posts |
Learn to identify cleaned coins and don't buy them unless they are being given away.
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Pillar of the Community
 United States
8938 Posts |
Never sacrifice quality. Period. Whatever quality is to you. If it's an UNC coin, don't buy a generic example, choose one that has excellent luster, a razor sharp strike and minimal marks for the grade. If circulated, choose one with consistent color, high amount of detail for the grade, a sharp strike, pleasing surface condition, and minimal or no surface marks.
Don't buy problem coins unless they're significantly cheaper and you will never have the impulse to upgrade.
Buy the book before the coin. Study the series, and the individual date/mint.
Learn to grade before getting deeply into anything.
Ask questions!!
Make friends with your local coin dealers, they are an invaluable asset.
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Bedrock of the Community
United States
10284 Posts |
Great topic!
I learned that I bought far too many so-so to nice coins before I realized I should have bought far fewer and should have bought more rare and high grade coins that had better potential.
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Pillar of the Community
United States
4680 Posts |
Quote:
I learned that I bought far too many so-so to nice coins before I realized I should have bought far fewer and should have bought more rare and high grade coins that had better potential. This reminds me....still something I have to remind myself to do, when I'm not focused on building a set..... key dates, semi key, and primarily focusing on the word "potential", sleeper dates! Of course it's always nice to acquire a high grade common date, but keys, semi-key and sleepers will generally maintain value and be much more liquid (if the time ever comes to sell). |
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Valued Member
 United States
245 Posts |
Your responses have been excellent and I am truly grateful... I feel much more on track with what you all have said... Thank you all! I had seen the approach to be kinda vague and didnt know how vague it was. Looking at all coins and liking just about all the coins... Huge boost in clarity on the approach. I know some folks coin collect and have great words to use for just about every coin year and example condition etc. But this is a clearer perspective on what coin collecting is about for each collector in general, or so I'm thinking. Thanks again.
Edited by youngmaster
06/23/2021 05:39 am
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Rest in Peace
United States
18456 Posts |
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Quality over quantity. Yes I agree , My biggest regret ; Also finding out late in the years that coin collecting is a very expensive hobby unless you took the CRH route .  |
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Valued Member
United States
465 Posts |
I have learned that coin collecting is better shared. I'm old now and and have seen the internet grow to what it is. Internet is great but don't forget the shows and meeting people that can impart their knowledge.
Bill
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Pillar of the Community
United States
5191 Posts |
1) Don't crack out valuable 19th century US coins. Their value will plummet. 2) Inspect every coin you receive by mail carefully. If you see any defects you don't like: return. |
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Valued Member
United States
152 Posts |
Don't buy a lower grade coin your not happy with.Then you don't have to try and sell it later losing money after you got the nice example your happy with and proud to own.
Sometimes that's hard to do on impulse buys.So slow down filling your books and have patience.Nicer coins will be for sale next month it seems.
Well that's what I learned.
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Pillar of the Community
United States
992 Posts |
I'm primarily a coin collector, But I wish I would have taken the time earlier to learn how to grade paper money. I missed some great opportunities. Also don't be afraid to look at other exonumia.
Edited by suipakpaikungfu
06/27/2021 7:32 pm
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Pillar of the Community
United States
592 Posts |
Don't expect most US mint products to appreciate in value when selling..
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Pillar of the Community
Canada
999 Posts |
Be careful how you store your coins. There are still cheap albums with PVC being sold that appeal to young/new collectors that will destroy your coins if kept in them longer term.
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Valued Member
United States
277 Posts |
Generally, the older the coin, the rarer it probably is. Of course, there are some modern coins that are purposely made to be rare with mintages ranging from 100-3,000 (and inflated prices). Collect what you find interesting and enjoy! I used to really be into modern commemoratives. The older I got, the more I became fascinated with older, more rare coins with interesting historical backstories. I guess you can say my tastes have changed.
There is a world of coins out there and different avenues to go down. You'll learn a lot along the way. Use all the resources the free world wide web provides, from population reports to survival estimates. Follow your passion, and you'll find a world of knowledge and history at your finger tips!
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Valued Member
United States
175 Posts |
Buy the best you can, don't settle for a lower quality if your not happy with it.
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Replies: 26 / Views: 3,470 |
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First Page
Posted 06/22/2021 9:41 pm
