What Degree Collector/Investor Are You?

A monitary value of my coins is of no importance at all. I'm way to old to worry about coins as a monitary investment. I can't take coins with me, if sold I still can't take the money with me, so as I get older, money is of very, very little importance. At my age I'm just happy I can still see them, have them and not worry about tomorrow.

For major purchases, it is important to me that the coin retains it value. I like the history, the pride of ownership, etc, but to be honest, having some valuable stuff is a kick too. So far, seeing my coins dropping in value has not been a problem. The problem has been rapidly rising prices and it is getting harder and harder to afford nice coins. But I can imagine the values could decline in the future. This could happen for any number of reasons, for example when the baby boomers start entering nursing homes in large numbers and the younger generation starts unloading large collections they could care less about. If that happens, I will probably see it as a good buying opportunity. I sold my collection of 18th century Russian rubles to help pay for my kids' college expenses and made a good profit on them. Still, I wish I hadn't, since I may never be able to replace them - the prices are much higher still and rising rapidly. So I am a buyer, with an eye toward selling down the road, and look forward to tapping into the increased value, but even then probably selling only to buy something better. Yes, I will want the coins to preserve value so I can consolidate the value down the road into some really nice pieces.

The future value of my collection is unimportant to me. My collecting budget is the money that I used to blow on cigarettes. I was getting absolutely no return on that investment. Besides, I have no intention of selling my collection.

I answered somewhat important, but that is for the coins I intend to keep. I also have purchased some limited stuff, had them graded, and resold them (like 20th ASE sets) to help with the purchase of coins I want to keep. So, I guess those that I purchase to resell, the answer would be very important.

MM

I said "not important at all". I am not a coin investor at all. I have never bought a coin or group of coins that I thought I was going to sell. When I buy a coin, I am trying to make sure I don't overpay for it, but that's about it. If I need it, and I can afford it, I'll buy it. I honestly don't know how much my collection is even worth. I just recently got insurance after I read a post on here that made me start thinking about replacement costs. I started adding it up and realized that the cost of replacing my collection would be more than I could afford.

I agree with Fatcat. I don't see my coins (Morgans) going up in value much in my lifetime. I collect them because I think they are the coolest coin ever minted.
Randy

If silver gold or old copper I collect it

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I voted and said some what... I don't intend on selling many of my coins unless I don't truly love it ~ then I suppose I would consider it. I just think their beautiful!