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 Replies: 61 / Views: 7,031 |
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Valued Member
Japan
71 Posts |
wouldn't - or couldn't for that matter - the amount of money actually spent on gathering a collection be a good indicator of its worth, though, of course, there is an issue how of the amount of time (which is, well, "money") would factor in that equation...
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Valued Member
United States
459 Posts |
 I just realized this joke was already used.... Oh well, It can be recycled. Edited by 1916 D Merc
06/02/2013 8:36 pm
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Pillar of the Community
United States
1088 Posts |
I agree with others, not to be mean but many do not want to disclose how much they have sitting around. I would also agree that a collection is priceless to the person that owns it
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Pillar of the Community
United States
5212 Posts |
Did you win the Powerball lottery last week? I will trade you all of my comics, coins, stamps, guns, cars, houses, motorcycles, and watches for the winnings (you night actually come out ahead  ) Edited by jack jeckel
06/02/2013 9:59 pm
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Pillar of the Community
United States
1620 Posts |
When it comes to my coins I take pride love joy passion etc. I would cry if someone told me I couldn't collect anymore or stole my collection.
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Moderator
 Australia
16868 Posts |
I'm not answering your question either, but not necessarily for the reasons already stated. I'm not answering because I don't know the answer, and can't be bothered working it out. I simply don't keep track of "how much it's worth right now". My coin database has a field which would allow me to track that, but I've never used it. It simply isn't worth my time updating it each time a new coin catalogue comes out.
I have tried to keep track of how much I paid for each item, but this isn't necessarily what they are "worth", in terms of what I'd have to pay to replace them if I lost them nor in terms of what I'd get for them if I sold them (those numbers are two quite different definitions of "value"). Some coins were given to me as gifts, so their purchase price was "zero". Some I purchased so long ago (I started collecting as a child in the early 1980s) that I didn't keep records and any values would be so old they'd be irrelevant to today's market value. Some I bought when they were cheap and they've since skyrocketed in price. Others I bought at highly inflated prices I wouldn't expect to regain for another century or so.
In other words - and I think this sentiment has already been expressed multiple times in this thread before - a true coin collector does not care what their collection is worth, because they have no intention of selling it. Even if you offered them a Dr-Evil-sized cheque, they wouldn't take the money. I know I wouldn't.
I remember trying to explain this to some non-coin-collecting friends of mine, once. They simply didn't get it. Their attitude was, "If you could make money out of it, why wouldn't you sell it? You could use the money to buy more coins if you wanted, couldn't you?". The collector mindset was alien to them.
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
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Pillar of the Community
United States
7840 Posts |
More than what anybody would pay for.
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Pillar of the Community
United States
5863 Posts |
It all depends on what you mean by "worth." If you mean "how much did I pay for my collection," the answer is "too much." If you mean "how much could I sell my collection for," the answer is "not enough." |
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Pillar of the Community
United Kingdom
2624 Posts |
I never like the question "what is it worth" because it has no answer.
What is the scrap metal worth? What's it worth retail? What's it worth trade? What's it worth instantly? What's it worth if you're prepared to wait?
Some items have a definitive worth, a 10oz gold bar for instance we can know fairly certainly that we have an idea of its value but for coins really the value is highly down to interpretation.
The same to some extent with cars... on paper my car is worth less than my spare watch...but in reality if someone offered me ten times its assigned value I would say "no chance" and recently I was happy to spend four times its value in maintenance costs. The value that one person gives something is often quite different to another persons appreciation of it.
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Valued Member
United States
331 Posts |
Worth more to me than my wife. If you don't believe me just ask her. lol
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Pillar of the Community
United States
1536 Posts |
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Pillar of the Community
United States
1536 Posts |
Honestly though, my coin collection is worth two easy payments of $99.95.
Edited by buddy16cat
06/13/2013 06:08 am
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Valued Member
United States
203 Posts |
No idea how much its worth. Don't really want to know either. A lot of my collection came as gifts from my parents or my grandparents. To me its priceless. To everyone else, its worth whatever the market says it is. The thrill and the enjoyment is buying the coin or holding it, especially something with history behind it. That you can never place a value on, no matter how you try.
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Pillar of the Community
United States
863 Posts |
I dont really have a clue what it is worth. I dont hace anything slabbed so most of mine is a guess.
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Pillar of the Community
798 Posts |
If you have a coin collection, tell everyone here and everyone that sees this on the internet how much yours is worth. Would you do it?
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Replies: 61 / Views: 7,031 |
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Posted 06/02/2013 8:36 pm
