My Coin Collection So Far.....

A few things:

1. Welcome to collecting.

2. Keep some 'focus' - looks like you're after a 1 oz. silver MS70 world collection. Stay there or move to something else.

3. Don't just collect 'everything' - you'll quickly run out of money and will have nothing but a pile of coins. No structure.

4. NEVER invest in coins, no matter what people tell you. Investor grade coins are way up there in price ($10K each). You will NEVER reap the same return from coins as you would in the mutual fund market.

5. Keep the coins invetoried and keep them safe.

6. If you want respect for the grade of your coins by other people (potential buyers) get them graded by PCGS or NGC. ANACS grading is not widely accepted as accurate, consistent, or marketable. To most buyers the coins might as well be raw as graded by ANACS, ICG, or any other grader (except NGC or PCGS).

7. Have fun doing what you do without worrying about the profit it might generate. It will most likely not generate much profit once the value of the dollar against foreign currency and inflation are factored in.

Thank you all for the comments. And coppercoins I thank you for the feedback. I do not plan to sell my collection at all. I can always sell them back to ANACS as they stated to me. Maybe I'll get some bullion in the near future. But I was under the impression that graded coins have more value than circulated coins. Correct me if I'm wrong because I am still a noob (lol). I always say to myself, am I better off 5 years from now with graded coins? And for Goldrush. I have it in attache case that is felt lined from my company.

Welcome to the CCF! With those coins, you have stepped out on the right foot!

One sure thing happens when your collection has top grade coins in it.

Posters in Forums such as the CCF always compliment you!

In my opinion, the best advice of this thread.

Investing in coins is hard work, which is why I refuse to do it. I am a collector; I do it for fun, not work. Investments are for my IRA, 401k, and MMA.

Thank you jbuck, I will keep that in mind. I enjoy collecting coins, and I will continue to do it

The advise already given is excellent, particularly about keeping track of what you have and not looking at this as an investment.

That said, I would say I disagree with not going out "collecting everything". If you are just starting, this is not the most useful advise. I would say it is worthwhile learning the relative values (what something is normally selling for) before you buy. I have a many "series" that I collect, other items I clump by categories I deem relevant "i.e. ones that have specific designs like birds or castles, etc.) and some that I acquired just because I like the design.

My message is, if you have a diverse collection that doesn't fit any one else's definition of what you should collect, that's fine as long as you like it. I don't regret anything I have in my collection, because I don't take time to regret things. Learn more, move on, and you will have a great collection that fits who you are.

Best of luck in all your endevours!

i bit expensive as I am 19, in college, and cant afford high grade coins.