What Is Your Coin Budget This Year?

I am one of those who unashamedly buy on impulse!!

I see something neat, I try to get it. Don't think it could be any fun if it is 100% planned and organised.
I need to see an oppurtunity and either get happy to use it or regret that I couldn't and start "hunting" for it.
That's why I don't have a predetermined budget, think it puts a limit that I can never stay within anyway :LOL

As a kid I hardly get to spend, maybe 15-10 every 2-3 months

I don't "budget" per se for coins. If I happen to have a few cents left over from paying my bills, I cruise ebay (and Heritage and B&M if I get their auction catalogs on time) for coins I want (or "need" although this implies some biological imperative; I have absolute complete control over myself, coin-buying-wise. I also sell bridges to those with similar self-discipline. ). As a result of this carefully planned strategy, I end up binge-buying to the tune of well over a thou per year, often very well over, slopping over into the two thou plus category in some years. If I had a wife any longer and did this, I wouldn't have a wife any longer. [:0]

Ageka, I also keep telling myself I'm an investor, but there are certain coins I absolutely had to have and paid so much more over market value that I will never recover my costs in my lifetime. This is a very good investment strategy for my nephew and niece who will someday inherit my coins.

Fred

Fred

With me the problem is that I see rare coins go by for 5% over their metal value and I go crazy not bidding on them
Problem is it hurts to sell coins

$100-250.

My vote is based on what I am allowed to spend for my collection, not for resale. Since BHD's and hammered coinage are not the cheapest coins to be had, I don't get to add a lot to my collection each year, but it's fun!

Same like a few other people here...i buy on impulse and only because I like a coin ( regardless of it's value)
But I'm new,maybe it's going to get better over time ?

Well, I am new to coin collecting, in less than a month I've spent $50. The problem is, most is junk. After a few weeks ive become more educated, and will probably get better bang for my buck! Already, my weakness is ebay lol.

I don't set aside budgets for coins (or much else for that matter); I buy when I feel like it. My annual expenditure is variable and unpredictable. Some years it has been about $5000, and others it has been close to $100. I never know.

Heather