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Replies: 5 / Views: 4,641 |
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Valued Member
Australia
73 Posts |
I would like your opinions please on hat you like to collect, but also on hat has a greater following ?
I know I loved star trek cards , but that as a fad ; then I chose something else I could collect with long term appeal ! ! !
what areas of banknotes do you like and do you collect as a pure hobbyist or truly expect a return on your investment ?
what is HoT and what is NoT hot ?
if you would please include the grades if you think that is important !
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Bedrock of the Community
Australia
21794 Posts |
For me, in order of preference:- 1. ancients 2. medieval 3. milled 4. British and Empire 5. U.S. 6. Australian 7. any other World coin that presents as a best value for money buying opportunity. (that really applies to all eight categories.) 8. tokens, medals, a few banknotes (perhaps around 200), and any other interesting exonumia.
Nevertheless, modern World coins up to about 1950 comprise perhaps 80% of my collection, simply because they are far more available.
Not into modern proof NCLT mint product, unless at bullion price level in the numismatic aftermarket.
Grades per se are not important. What is important for most is buying the best grade possible for the budget. For me, simply getting the best value for money with respect to any grade is important. Applies to all types of numismatic and notaphilic items.
Edited by sel_69l 03/05/2020 06:28 am
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Pillar of the Community
United Kingdom
901 Posts |
@crok My own opinion is to collect what you really like, within your budget. Banknotes with Queen Elizabeth II on will always be popular, small islands' currency, birds/wildlife etc. Certain oil-rich Middle East nations like Kuwait have very strong currency & will easily hold it's value if that's your angle. There is a ton of choice out there, something for everyone to be honest, some of my nicest looking banknotes have only cost a couple of pound sterling. Good luck
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Bedrock of the Community
United Kingdom
19035 Posts |
British collectors have always tended to collect first and foremost British coins, with those of the Commonwealth and former Empire coming second. On my travels through Europe I have noticed how coin collecting has changed dramatically over the past 20 years. Whereas French collectors tended to collect just France and Spanish collectors just Spain, now all collectors across the EU seem to want all the Euro coins from all countries that issue them. This has resulted in great demand and high prices for Euro coins issued by San Marino, Vatican City, Monaco and Andorra, whereas for instance before 2002 only French collectors (and then not all of them) would have been interested in Monaco coins). Interestingly, pre-Euro coins issued by these mini-states are nowhere near as popular as Euro denominations! Most euro collectors I know are only interested in circulating 1c - 2-euro coins plus the commemorative 2-euro coins issued for circulation: the various precious metal NCLT coins are not usually of interest to collectors outside their countries of issue.
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Pillar of the Community
Canada
2646 Posts |
Quote: what is HoT and what is NoT hot ? - I try to cover this (& other topics) in my videos (& on my Notaphylic site https://sites.google.com/view/notap...ng-banknotes) Quote: truly expect a return on your investment ? - I started out as a "hobbyist" & discovered (over several years) that most of my higher grade Canadian banknotes rose in book value (& I could exchange them for rarer examples). So my "return" was strictly a better collection (in my eyes). I still have some circulated (lower grade) CDN notes which may be a loss (for me in terms of investment) since inflation (& cost to sell them) will outstrip what I paid for them (& BV doesn't go up much for these). Inflation, banks micro interest rates (& pay that never keeps up with inflation, cuts to my benefits/investments, as billionaire politicians continue to successively bully governments into union- bashing). Several brokers are on the take from our stock market investments. World markets will continue to rattle from the world's slightest problems, so I have been forced to re-examine collecting banknotes as an investment- but I have had to change the way I approach the hobby. I've learned that there's many pitfalls I must avoid (costs add up) and to try to think clearer (more like a dealer) than a collector. Quote: include the grades if you think that is important IMO: absolutely paramount to collecting well. It's not quantity but quality. If you collected books would you pay top dollar for one that was missing pages or had a torn jacket? Would you buy a stack of mouldy ones just because the seller reduced the price? (Now apply the same analogy to anything delicate like vinyl records, dolls, toys, etc). I truly believe that many of us collectors start out with hardy coins, or the odd older note we find in circulation and fool ourselves into saying "that's not in bad shape." We tuck it away thinking we got a good investment (when in fact if you inspected it carefully it may be VF -EF). Millions of people do this (so theres so many VF-EF examples out there)! Its essential that you get a good idea how to grade a note yourself (so you don't just rely on TPG/other's opinions). It's easy to be "penny-wise but pound foolish." A wise collector from CCF once posted that the secret to collecting well is not just "what you collect" but how you go about it (approach) that will also determine whether you will make (or lose) money on your acquisitions down the road. I completely agree with this maxim.
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Pillar of the Community
United Kingdom
2624 Posts |
Well I guess this could be a long reply...
My primary collecting field recently has been wristwatches, small silver antiques and gold sovereigns/half sovereigns... with regards to banknotes I have been picking up sets on my travels which revolve around the ex-soviet countries. These are more items of nostalgia than anything else... where-ever I travel I have always made sets of their currency and often started to back-fill previous sets but I have not figured economics into my calculations much. (my watches and gold investment figures in)
I completed a folder of Ancient coins about 5 years back that I think might wipe its face (I hope I bought good coins for good prices) My modern and world coins I regard as worthless. I have a good signature collection of English banknotes... condition for me means no holes or tears unless its a super rare note, any of the more affordable must be A/Unc. I also have a reasonable collection of US notes...the larger types aren't so minty but I particularly like the fractional notes and they can be acquired in great shape.
I think I have wised up over the years or perhaps just become more willing to fork out for higher quality as time has gone by, over all I am definitely way ahead but then money doesn't go nearly as far as it once did. I have always liked the cataloging and indexing of my various collections and returning to re-examine things long squirreled away... I am not a flipper but imagine I will move much of it along if I get into old age.
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Replies: 5 / Views: 4,641 |
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