| Author |
Replies: 20 / Views: 2,337 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
2661 Posts |
  Nice work Ron. Those are not bad for only a month. I read your post about the poker tourney and how you acquired the Washington and the Franklin. I are coming along just fine. Quality above quantity at the lowest possible price looks like your objective in putting together an eclectic collection. It reminds me of mine when I first started collecting. A little of this, a little of that, I still do not care where it comes from or what it is made of. Keep us posted as your collection grows and do not let that Un Peso be your only non U.S. coin. world coins are much more artistic than the stuff made here.
|
|
Bedrock of the Community
Australia
21788 Posts |
Ron2012Paul: 6 coins per month is about my collecting rate.
My collection now numbers about 3,500 items.
I have always stuck to a budget. That budget has varied quite a bit, both up and down, but it has not stopped me. Stick to your budget, and just buy the best value for money that you can.
|
|
Pillar of the Community
United States
648 Posts |
Nice start - I've always liked hoarding the 64 Kennedys.
|
|
Valued Member
United States
487 Posts |
You are doing just fine.  I liquidated my non silver coin collection and dropped all the proceeds in to silver. That was when silver was at the $20/oz. range. Don't make the mistake of buying silver way beyond your budget. Buy no bullion with credit cards, period. My piece of advice.
|
|
Pillar of the Community
United States
931 Posts |
It looks like you're off to a great start. Where have you been looking to pick up your bullion purchases?
|
|
Pillar of the Community
United States
3670 Posts |
Nice little silver stash for one month RPJ (Ron Paul junior, lol). Keep that buying average, and you will be loaded with silver in no time....
Edited by Silverhawk74 06/19/2011 2:05 pm
|
|
Valued Member
United States
259 Posts |
Quote: You are doing just fine. I liquidated my non silver coin collection and dropped all the proceeds in to silver. That was when silver was at the $20/oz. range. Don't make the mistake of buying silver way beyond your budget. Buy no bullion with credit cards, period. My piece of advice. Nice start Ron Paul! But I want to say I am zigging when other people are zagging. It is easy to sell the common date morgans to dealers and get cash to buy difficult to find world coins. At the Baltimore show yesterday I got an 1852 Madeira 10 Reis in XF, two Greenland coins that are always hard to find, and one from Guadeloupe and one from Martinique. Just copper and bronze coins, but far more interesting and I believe better investements than buying common date U.S. silver coins. We all have different interests. A few years ago, I was loading up on silver.
Edited by chasinva69 06/19/2011 3:41 pm
|
|
Pillar of the Community
United States
737 Posts |
|
|
Valued Member
 175 Posts |
Thanks everyone! Fuzzy your right its about $80-$100 dollars worth. I get them from random places. Got a few from ebay when I can get them for a little over spot I dont like paying too much over spot. I've got a few from the coin shop in my town, thats where I got my ASE. I got the Un peso from my friend cause he knows I've started collecting coins and he said he had no use for it. lol If only my friends would take my advice about silver and gold they think I'm crazy and that my talk of our dollar collapsing is a conspiracy theory lol. I do plan on getting more world coins my friend just had this peso so I took it off his hands.
|
|
Pillar of the Community
Egypt
3470 Posts |
well done 
|
|
Pillar of the Community
United States
4008 Posts |
Very nice start, RP2012. We all had to start somewhere and I am sure that many of us had less than this at first. Your collecting technique is good and you will do well with it. It is a tried and true method for collecting a valuable commodity over time. Others have done and are doing this because it works!  Quote: they think I'm crazy and that my talk of our dollar collapsing is a conspiracy theory lol. Many people who do not swim with the general school of thought are considered "crazy", until their predictions are suddenly found to be correct. Then, all of those nay sayers will be begging you for advice (and anything else they can get) on what to do next. Unfortunately for them, that is a bit like asking for bomb defusing advice AFTER you have been blown up doing it incorrectly. The dollar may or may not collapse. No one knows for sure whether or not this will occur. What we DO know, however, is that the dollar is shedding value and is in serious trouble, thanks to an Everest sized mountain of public debt and an unfunded financial liability level that this nation simply cannot afford. We will need to back away from a lot of this spending and unwind most of the ridiculous spending promises. Given the state of the US economy and the demographics of the situation, those promises simply cannot be kept. There is no known way of doing it. Stating the obvious, however, does not reduce the level of expectation that many people have, however. There is going to be some serious financial pain, particularly among the unprepared. Tragic as that is, of course, no one but they can do anything about it... and they are not. Because of all this, converting part of one's cash into something that is not susceptible to these same economic challenges could well be a very smart move. Again, there is no guarantee of this... but it IS a pretty good long-term bet!
|
|
Pillar of the Community
United States
3670 Posts |
People been calling me crazy for 30 plus years, I prefer to consider myself a genius, rof  !! NOT, if I was I would not be slinging drinks for every dead dollar I can scrape together, and then convert as much of that as possibe into silver and gold.... I would be happy just being a mild savant, like a dumb version of Rainman, lol....
|
|
Pillar of the Community
United States
3184 Posts |
we all start from somewhere! In no time, you will have even more!
|
|
Valued Member
 175 Posts |
The whole thing just seems pretty logical to me. I'm buying items with a currency that has a declining value and these items I purchase also have value with the potential of the value going up in the future seems like a logical thing to do.
Edited by Ron2012Paul 06/19/2011 8:37 pm
|
|
Pillar of the Community
United States
3670 Posts |
That is what Spock may have said RPJ, as sometimes the most simple way of viewing something, is the most logical....
|
|
Page 2 of 2
|
Replies: 20 / Views: 2,337 |
Page 2 of 2
|