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 Replies: 22 / Views: 2,542 |
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Bedrock of the Community
United States
20753 Posts |
At my really, really antiquated age group, it's sort of way to late to think of an investment in anything. So far I've never sold a coin nor anything else I collect. Although at times I say to myself, this will really be worth a lot in about 20+ years. Even funnier when I think of something being worth a lot in 50 years.
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Pillar of the Community
United States
539 Posts |
hobby exclusively. I think I own enough silver for a thimble-full! LOL I lvoe the variety of world coinage.
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Pillar of the Community
United States
1064 Posts |
jbuck... Quote:
I have said it before, my coins would be the last thing to go just before I move into a cardboard box Timing will be everything when you make the move; you'll want to coordinate that sale with the real estate cycles, so you end up in a 2-level cardboard box (the heavy-duty kind), possibly with a harbor view!  |
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Pillar of the Community
United States
524 Posts |
Hobby, I enjoy the hunt and I want something to leave to my daughter that brings back memories of us together. If it's worth something and can get her out of a bind some day thats fine.
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Pillar of the Community
United States
1391 Posts |
I am mostly doing it as a hobby. Most of the stuff I have will probably never be worth very much since I don't have much money to buy a lot. Interesting to think about though. Apart from the PM content, the investment opportunities exist because the hobby exists. If no body collected coins they would never be worth more than their face or intrinsic value.
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Pillar of the Community
United States
3453 Posts |
Hobby with an eye to try not to overpay. I will leave my collection to my son and hope he either picks it up where I left off or liquidates it completely (which is why I keep an eye on prices). Now, I will say I bought a holed Trade dollar with XF details for $80 because of the history and am looking for a circulated chop-marked one to match. I try to imagine the coin circumnavigating the globe to get it's chop-mark or wonder who wore the holed one. While I try to get a specimen of the best grade I can afford for each of the series we collect, I prefer the circulated coins for their character (plus I like using my imagination). The only exception is my hubbys Franklin collection - all full bell lines there (he likes figuring out what is on the bell). So after reading the drivel above, hobby, definitely hobby. |
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Valued Member
United States
397 Posts |
Strictly investment , I view coins like I do real estate , both of which have very good historical appreciation and both can be bought under value. I've got stocks and mutual funds in my portfolio , but there's no way to buy them at a discount, while with RE and coins I can buy at a discount if I work at it. Only been buying on a regular basis for about 3-4 months now, and I've already hit around $3k in value onhand.
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Moderator
 United States
16679 Posts |
Both.
I have some coins I would never sell then there are thoughs like some of my key dates, I view as investments. I have watched those rocket in value over the years. Someday I will dump.
swcoin.ecrater.com
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Pillar of the Community
United Kingdom
575 Posts |
Definitely both but whatever I make I'm always reinvesting in coins.Latest purchase(hobby purposes strictly)scarce 50 pfennig 1877H UNC.   |
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Moderator
United States
188770 Posts |
Quote:
Timing will be everything when you make the move; you'll want to coordinate that sale with the real estate cycles, so you end up in a 2-level cardboard box (the heavy-duty kind), possibly with a harbor view!  |
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Pillar of the Community
Canada
1554 Posts |
The Hobby for me is more of an 80/20 venture. 80%=Hobby and 20%=Investment. I love the thrill of the hunt and bidding in live auctions. Personally I try to keep all of my coins within the Top 20 "finest" known. (all 6 Canadian decimal business strikes between 1858-1967) This way when I'm in my late 60's/early 70's > God willing, I will liquidate my Collection, treat my family to a vacation in Europe, buy a Corvette Z06, and a bottle of the finest dry red wine around! Glenn  |
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Moderator
United States
14463 Posts |
Hobby for now, but if money gets really tight it might change  |
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Bedrock of the Community
Australia
21788 Posts |
I am not in the least surprised that older CCF'ers view their coin interests as a hobby only. Same with me.
Problem.
A collection can build to have very significant value.
This happened to me before I married. So I sold my (then) collection, which became 1/2 of the down payment of our first house. The collection represented about 15% of the value of the house. Our house was paid off 20 years ago.
So I built another collection. This one started from when we were married.
Problem.
(a nice one). The collection has become valuable. And all I wanted was a hobby!
When I kick the bucket, it will have to be sold, my kids will need the money, just like I did.
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Valued Member
United States
149 Posts |
For me both, but as a long time collector, I say 75% is for love of the hobby, but if you look at quality coins over a 10+ year period, especially key dates, popular series, you'll be surprised at some of the appreciation that you will enjoy!
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Valued Member
United States
439 Posts |
I use the hobby as both. I like to buy low, sell items out, take a profit, reinvest and keep the rarer coins for myself.
If I can flip silver and make some money I do it. If I find a key date in a hoard of silver I buy, I keep that and sell the
rest. But I would have to say I am most passionate about the hunt. I like to find things. Roll hunting nickels and getting a "V"
or a buffallo is more important to me than whichever year they may be, it's the find. Finding a 1909 vdb in a jar of Wheats is the kind of thing I like. I guess I am a treasure hunter at heart.
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Replies: 22 / Views: 2,542 |
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Posted 07/08/2011 12:00 pm
