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 Replies: 22 / Views: 2,893 |
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Bedrock of the Community
United States
20753 Posts |
Going back has a little problem for most. If you go back far enough, the average person did not have the money to buy or hoard coins. So you go back and there they are and you can't afford them.
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New Member
 United States
5 Posts |
Well the main reason I ask, is because I don't want to get 5-10 years down the line and say to my self if I only knew that when I started. I am mainly looking for tips as to how to get started and what to watch out for. I am looking for expert advice.
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Bedrock of the Community
United States
10284 Posts |
Everyone makes mistakes caseball, just try not to repeat the same ones over and make your small mistakes first and learn from them. Educational posts here can help you avoid a lot of common ones. Trust your instincts and guts, use your head, and ask for help. Oh and welcome to the forum!  |
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Pillar of the Community
United States
2224 Posts |
I wish that I had done half dollar bank roll searching back in 1982.
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Pillar of the Community
Australia
1040 Posts |
I would have read more and researched more before I bought, asking questions, shopping around etc. The more education you have about what you want to collect, the more likely you will be satisfied in the future and not have to ask yourself 'if only...'.
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Valued Member
United States
317 Posts |
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Rest in Peace
United States
3730 Posts |
I would have kept all those silver dollars I got at the bank for face value in 1964!
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Pillar of the Community
United States
1083 Posts |
I wouldn't have sold off my Type collection in the late seventies to buy a stupid boat!
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Pillar of the Community
United States
2443 Posts |
When I first started collecting as a kid in early 1998, I would have bought a lot of coins and gold since it was all cheaper compared to now.
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Valued Member
United States
429 Posts |
Would have educated myself and parents about coins so I would have never spent those double dies and error coins I always seemed to find. I also would have spent so much per week on silver, it would most likely pay all the bills I have now.
So the steps I am taking now are to: 1. educate my family and how to respect coins and 2. making sure that my kids have fun collecting what THEY WANT and not a boring thing dad does and makes them do it with him. I bought them coin collecting books for kids that cover coins for the 20th century and explains a lot about the processes to make them, the history and fun ways to collect, this way they can pick and choose what they want to do later on and always have this book to come back to. Since I have done this, my oldest has picked up the Lincoln fever like her dad and wants to start on her own Kennedy set.
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Valued Member
United States
131 Posts |
Patience is a virtue. And in acquiring coins, I wish I had done a better job in my early acquisitions. I wasn't always discriminating enough -- as long as a coin filled a slot in the desired grade, I would justify it to myself and buy it. So take your time to find eye-pleasing coins in whatever grades you are trying to collect.
For instance, there is a difference between a toned MS64 with a good strike and some abrasions in the fields and an MS64 that is blast white, with few marks but a soft strike. One may not necessarily be better than the other, but each of us should know what he wants to emphasize. And not settle for something that fills the slot. I always say I am not interested in being a Registry-type collector, but too many times, especially when I first got back into collecting a couple of years ago, I made purchases like one.
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Bedrock of the Community
United States
20753 Posts |
Quote:
Well the main reason I ask, is because I don't want to get 5-10 years down the line and say to my self if I only knew that when I started. I am mainly looking for tips as to how to get started and what to watch out for. I am looking for expert advice.
5-10 years in a hobby like this one is really not much you know. Many coins have gone up in value so slowly in that period of time it may well not have been worth saving them for an investment. If your just starting in coin collecting and your doing it with only investing in mind, you should look into other methods of making money. This is a hobby and should be fun. If you are only thinking about what you will have in 5-10 years, your missing out on the fun of a hobby. I suggest you just purchase all or any key date coins you can afford and resell them in 5-10 years. |
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Rest in Peace
United States
9104 Posts |
I'd play the lottery with the winning numbers, then use the money to buy coins.
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Pillar of the Community
Canada
1554 Posts |
 If I could go back in time I would have never have quit collecting coins when I was in my teens (I started re-collecting in my 40's), I never would have wasted money on sports cars or other silly teeny bopper stuff. I would have grabbed as many KEY DATE Canadian Victorian coinage in the highest grade possible and today> I'd be retired..................  Glenn Pinto Edited by glenzy1
04/16/2009 6:30 pm
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Bedrock of the Community
United States
20753 Posts |
Quote:
If I could go back in time I never would have wasted money on sports cars or other silly teeny bopper stuff. I would have grabbed as many KEY DATE Canadian Victorian coinage in the highest grade possible and today> I'd be retired..................
Glenn Pinto
Yeah, yeah right. Comeon now. Those teeny bopper stuff things would never have changed even if you went back now. Those were part of being a teenager. Yeah, right too as to grabbing Key Dates. If any one here really could go back in time and if they would appear at the same age, guess what they would be doing. And I don't think coins would be the top of the list. We all say coulda, woulda, shoulda but being a kid is just to much fun. |
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Replies: 22 / Views: 2,893 |
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Posted 01/17/2009 11:51 am
