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 Replies: 41 / Views: 5,224 |
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Pillar of the Community
United States
3283 Posts |
I'm with you as far as disdain for slabbed coins is concerned.
Congratuations on you 1909s vdb. I believe you'll never regret it.
For me,someday, maybe, it is THE coin that seperates the men from the boys.
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Pillar of the Community
United States
1121 Posts |
Congratulations on your purchase as a result of your work well done! Good Stuff!
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Bedrock of the Community
United States
17884 Posts |
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These types of key dates will only go up in value, so hold on to it long enough and you will get you money back out of no matter how much you paid The question is just how long you have to hold them to get your money back out of them. If you bought this coin in 1963 it would have cost you $135. In 1988, 25 years later, it listed for $215 bid. After 25 years it was LESS in real terms than in 1963. (A 3% inflation rate, and the rate was MUCH higher during much of that time, would have required a bid price of $275 just to break even. Oh and by the way, the higher grades for this coin didn't do any better.) |
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Bedrock of the Community
United States
20753 Posts |
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The question is just how long you have to hold them to get your money back out of them. If you bought this coin in 1963 it would have cost you $135. In 1988, 25 years later, it listed for $215 bid. After 25 years it was LESS in real terms than in 1963. (A 3% inflation rate, and the rate was MUCH higher during much of that time, would have required a bid price of $275 just to break even. Oh and by the way, the higher grades for this coin didn't do any better.)
I think you missed what he said. He collects coins for FUN. He does not sell nor plans on selling coins. He knows this acquision may have been on the high side but really doesn't care since it is a coin he wants, need, likes, etc. No plans on selling it at all. Way to many people think of this hobby as values. Maybe it's my being old but like him, I am in this hobby for FUN, not profit and the cost is completely a useless item. So I too say congradulations on a great addtion to your collection. |
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Pillar of the Community
United States
2734 Posts |
Congratulations on completing your Wheat cent Set!  There's a certain pride one can take in owning a true Key coin such as the 1909-S V.D.B. Cent, regardless of purchase price or inflation-adjusted long-term value. Not to mention the pride in completing a set.  Even if you paid "too much" for it, there are far worse things you could have done with that money. Some people gamble away in one day more that what you paid for that coin, and they end up with nothing to show for it. You have a family heirloom. There are many coins you could have bought that will end up having worse rates of long-term growth than the S-VBD. True Keys generally do very well long-term compared to their common brethren. If you were just out for a 'return', you would have bought a 1-oz. bullion Gold Eagle, but that's not really 'collecting', now is it? Completing a set is collecting (in fact, it's the very definition of collecting), and you won't take a total bath on that S-VDB either... Edited by DNA
09/06/2010 2:56 pm
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Pillar of the Community
 United States
1582 Posts |
Well, my Labor Day weekend is over, and I'm ready to fall out - got in a little camping, and stuff - had big fun.
Much thanks to all who responded to my original post, and thank you for your congratulations as well.
As far as value and such.....Carl pretty well hit the nail on the head. By the way Carl, I just turned 62 last month so I'm creeping on up there myself. And, like you, I've found a hobby I enjoy, and I'm keeping the fun in it. The fun for me is filling those empty spaces...getting one step closer to completing a set. I don't think it would be a fun hobby if I spent time worrying about the future value of any particular coin - that would (to me) be kind of like having a job and worrying about how much your next paycheck will be.
I'm not a welthy man, and when I acquire a key date, I save up for it until I feel I can afford it without really hurting my financial status. By doing that, I've been able to complete a few other sets (I've got scans of some of my coins (obverse album pages only) in the member's photo gallery (Ralph) if any of you would like to check them out) and I've got several others that are incomplete, but trying to complete them (without breaking the bank) is the fun for me.
I may be wrong, but in my opinion, when your collection becomes a "future value thing", you've taken a step beyond simple coin collecting, and you're missing out on alot of the fun this hobby offers. Like I said, that's only my opinion, and I'm sure there are many who will disagree with it, but that's the way I feel.
Again, thanks to all who responded.
Ralph
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Moderator
 United States
16679 Posts |
I have overspent on the "FMV" of a coin simply because it was either a unique opportunity to acquire "that coin" or simply because I wanted it at that particular moment. Didn't really matter to me. I've had a few of those coins for years and have no plans on selling them. I simply love those coins. Having said that, the 09-S V.D.B. is a tough acquisition for anyone trying to complete this set. Again, Congrats!
swcoin.ecrater.com
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Pillar of the Community
United States
2541 Posts |
Congrats on the completion of the set and on acquring something that most coin collectors will only dream of!
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Bedrock of the Community
United States
20753 Posts |
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As far as value and such.....Carl pretty well hit the nail on the head. By the way Carl, I just turned 62 last month so I'm creeping on up there myself. And, like you, I've found a hobby I enjoy, and I'm keeping the fun in it. AAHHHHhhhh, so that is why your like me and could care less about the future values os your coins. Of course I stopped caring about coin values a long, long time ago. I started collecting when I was a kid with those new shinny pennies that just came out made of what looked like Silver. The 43 Lincoln Cent of course and I've collected coins ever since. Never sold a coin. And I always tell people that this coin collecting thing is a hobby so never worry about tomorrows values or you'll loose the greatest thing about all this. Don't know if you put your coins in Albums but I do and sure is fun to open an Album and not see those silly empty spaces, right? |
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Valued Member
United States
57 Posts |
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The only thing will be if you try to sell it again. Some, not experienced in the diagnostics of this coin, may pass as its raw again.
That's not a problem as I have never sold a coin nor will I.  |
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Bedrock of the Community
United States
10982 Posts |
Nice coin and it looks like an F12 to me. I was curious about Metalman's comment though.  |
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Pillar of the Community
United States
7123 Posts |
F-15 The coin is slightly under graded IMO.
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Pillar of the Community
United States
1582 Posts |
Yep Carl, about four years ago, I opted to go with the Dansco albums - now I sort of use them as a guide in my collecting - got a hole...find the proper coin for it. That works for me...got thirty threee albums - some complete, some not.
I don't have as many years of collecting under my belt as you - only started this hobby back in early 2005, but it is something I will continue to enjoy for as long as I can.
I believe, as we get older, we experience a shift in our priorities - those things we used to think we just coundn't live without are no longer at the top of the list.
After a heart attack last year, I came to realize tomorrow doesn't come with any guarantees. so I try to enjoy today's pleasures (coin collecting is one of those pleasures) and, if I wake up to another morning - cool. If not, it won't really matter.
Ralph
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Bedrock of the Community
United States
20753 Posts |
Quote:
Even if you paid "too much" for it, there are far worse things you
could have done with that money. Some people gamble away in one day
more that what you paid for that coin, and they end up with nothing
to show for it. You have a family heirloom.
AND that is really true about what some people BLOW money on and nothing to show for it. An example is a couple that lives two houses from me. They rent the house so don't care about trying to improve the place. Both spend most of their days at a nearby bar. They once told me they average about $50 or more a day at that place. And imagine what they will have to show for that. So far in the last 10 years I've known 4 people that died of excessive drinking booze. Think I'll stick to coins. Quote:
Yep Carl, about four years ago, I opted to go with the Dansco albums - now I sort of use them as a guide in my collecting - got a hole...find the proper coin for it. That works for me...got thirty threee albums - some complete, some not.
I believe, as we get older, we experience a shift in our priorities - those things we used to think we just coundn't live without are no longer at the top of the list.
After a heart attack last year, I came to realize tomorrow doesn't come with any guarantees. so I try to enjoy today's pleasures (coin collecting is one of those pleasures) and, if I wake up to another morning - cool. If not, it won't really matter.
Ralph
OH, NO! Not anothere Dansco person.  I'm a Whitman person myself but mostly because I get them free. And I too know how an illness of any kind changes your outlook on things. In 2004 I was diagnosed with Stage 4 Cancer. Supposed to be the one where you say goodby to everyone. Not me. I've got to many coins to acquire yet so I'm not going anywhere just yet. Edited by just carl
09/07/2010 10:55 am
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Moderator
United States
189142 Posts |
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I may be wrong, but in my opinion, when your collection becomes a "future value thing", you've taken a step beyond simple coin collecting, and you're missing out on alot of the fun this hobby offers. Just my humble opinion, but I think you got it right. By the way, congratulations! |
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Replies: 41 / Views: 5,224 |
First Page
Posted 09/05/2010 4:28 pm
