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Valued Member
FordF150's Avatar
United States
243 Posts
 Posted 02/25/2008  6:05 pm Show Profile   Bookmark this topic Add FordF150 to your friends list Get a Link to this Message Number of Subscribers
I'm finding some of the coins I need are going to be expensive,If I decide to get them.Just wondering what some you all do for a living to support the coin collecting .
Valued Member
shappa's Avatar
United States
64 Posts
 Posted 02/25/2008  6:14 pm  Show Profile   Bookmark this reply Add shappa to your friends list Get a Link to this Reply
It really depends on what and how you are collecting.
Some people go for "slabbed" rare coins and others go for the equally rewarding "roll searching" route for the more common coins.
It does not have to be expensive.

I'm a chef. No big paychecks here...but I still enjoy this hobby.
Bedrock of the Community
United States
20753 Posts
 Posted 02/25/2008  6:24 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I'm a home invader. I do not find this hobby expensive at all.
Just kidding of course. I rob banks and then use the money to buy coins legitimately.
Bedrock of the Community
United States
20753 Posts
 Posted 02/25/2008  6:30 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
In reality though you'll find that coin collectors are from every possible type of background. It is only a hobby although many do make a living out of this. You do not have to have those very expensive coins you know to have a nice collection. For example my Whitman Classic Album has a slot of the 1913 Liberty Head Nickel. Think I'll find one at a coin show, coin store, etc? This is the same with many, many coins of extreamely low mintages. Some in the hundreds and some only few and yet those silly album people put slots in them for those.
If I was to attempt to get all those I would in fact have to try bank robbing.
This is supposed to be a fun hobby. Enjoy.
Pillar of the Community
Ken_3567's Avatar
United States
651 Posts
 Posted 02/25/2008  6:53 pm  Show Profile   Bookmark this reply Add Ken_3567 to your friends list Get a Link to this Reply
It depends on your perspective of "expensive". Before kids I thought expensive was anything over $1,000.

After three kids I now hand over my entire paycheck and hope there's a few dollars for me. Now my perspective of "expensive" is anything over a $50.

The hardest thing I had to do was adjust. Instead of buying lower grade coins I knew I wouldn't like I simply put that portion of my collection on hold and redirected it to more affordable areas that allow me to spend $10 to $20 a coin.
Valued Member
of-grampa's Avatar
United States
302 Posts
 Posted 02/25/2008  6:59 pm  Show Profile   Bookmark this reply Add of-grampa to your friends list Get a Link to this Reply
Some folks spend lots and lots on collecting coins. Others only spend face value for what they find in rolls or in the change they are given. Some folks give themselves a budget and for the big purchases they save up their budget. I know of a few folks who found part-time jobs (10 hours or less a week) so they can keep up their coin habit (LOL) Something else to think about is what series you are collecting. I started off in Mercury dimes. There is really only 1 biggie in this series with almost every other coin being pretty reasonable.

BTW, I manage a fast food restaurant so I'm not a Rothschild or DuPont....just someone trying to make a living and do something I enjoy
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 02/25/2008  7:00 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
well at one time I was a commercial artist and a truck driver also at the same time but now I am disabled at age 38 so my spending for coins now have to be thought out wisely and save up for what I want because I just can't seem to lower my standards on the coins I like to collect, which some are very pricey in AU and above (which seems to be the category I am stuck in with most falling in the "above" end of the spectrum)
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Metalman's Avatar
United States
7123 Posts
 Posted 02/25/2008  7:56 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
I ran my own Floorcovering Installation business for more than 25 years ,,retired ,,and went to work here where I am now as a millwright ,, now Head Night Millwright .

The amount of money spent on coins ,,can be extreme or it can be extremely extreme !

But on the real life side of things where everyone has other obligations and the income amount almost covers those obligations ,,then I do other things to supplement ,it does not matter what it is ,,buy and sell other collectables ,firewood,small home remodelling projects,etc etc ! and sometimes I even sell coins .

Metalman
Valued Member
FordF150's Avatar
United States
243 Posts
 Posted 02/25/2008  8:02 pm  Show Profile   Bookmark this reply Add FordF150 to your friends list Get a Link to this Reply
I forgot to mention ,I'm a retired carpenter .My wife calls me a cheap-skate,because I hate buying coins. I've put most of my older collections away because you just can't find the older coins.I been roll hunting for newer stuff.I keep a small tablet in my pocket with all the old dates I need,where ever I go.
Edited by FordF150
02/25/2008 8:32 pm
Valued Member
United States
161 Posts
 Posted 02/25/2008  9:52 pm  Show Profile   Bookmark this reply Add Libertad Peso to your friends list Get a Link to this Reply
I find myself getting in and out of it. I seem to have gravitated towards foreign coins lately, to fill albums of those...Canadian, Mexican, British. I just can,t get excited about newer Lincoln cents and Roosevelt dimes while older US are too expensive for me. Although I will go to a show coming up and end up with some US. I do enjoy the new state, presidential, and Lewis and Clark coins out there. I get a lot of enjoyment trying to buy silver below spot on ebay or from foreign coin boxes at shows and from dealers. Just this week I got 5 silver Canadian dimes for 1.50 USD. The spot value for 0.3 oz is over 5 dollars. Small satisfaction. I don't spend much on coins, Although I almost talked myself into a 200.00 183 Hawaii half dollar. I want that series complete. god save me when I get that and "need" the dollar. I am an environmental consulting technician and low man on the totem pole at my job.

Just go with your gut about what you want. It is amazing how much you still can get out of it if you approach it froma kids mindset. I still like my beat up 1798 cent because it is a 1700s US coin and I always wanted one. That approach always satisfies me. Go with what you always wanted.
Pillar of the Community
XavierOfGreen's Avatar
United States
2589 Posts
 Posted 02/25/2008  11:09 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
im a bank teller so I find lots of coins at work and buy them for face value, I always love it when I get a silver commemrative or a Walking Liberty half for fifty cents without havingto search through all thous boxes
Bedrock of the Community
SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 02/26/2008  05:45 am  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
I am like FordF150, I am also a retired carpenter, I take just so much a month to buy coins, when that's gone I'll wait until next month.

And I also drive a Ford F150

SHAFTA9a
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janknez's Avatar
United States
595 Posts
 Posted 02/26/2008  07:55 am  Show Profile   Bookmark this reply Add janknez to your friends list Get a Link to this Reply
As many have already said, it's perspective. For over 20 years I harbored a secret longing to own just one gold coin. Then a few years ago I found out that they are more affordable than I thought, and I was able to acquire a few -- nothing spectacular, circulated half/quarter/eagles in AU.

Now, I'm not sure if it was a matter of my not knowing that there were gold coins available to me that I could afford, or maybe it's just that I make more money now. Maybe a little of both. But it was that first half eagle (1886-S) that got me much more seriously into collecting coins.

Jan
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okie-colin's Avatar
United States
1083 Posts
 Posted 02/26/2008  08:37 am  Show Profile   Bookmark this reply Add okie-colin to your friends list Get a Link to this Reply
Retired early from a large corporation. I got started again when my mother handed over her collection that included all those Whitman folder my brother and sister and I had tried to fill as kids. She also has some duplicate GSA Morgan dollars. I sold those on ebay, sold all the common date junk silver to fund some of my collecting habits which now tend towards a few sets, Lincoln Wheat Cents and, Buffalo nickels (both lacking only one or two keys), Franklin half dollars, and of course a Jefferson set. My pride and joy is a completed 7070. Pulling stuff out of rolls is a good way to start, but eventually I think the desire to own older and rarer material prevails. It is more expensive, and good, original, unslabbed examples require a lot of looking and more patience and knowledge. My budget pretty much has me out of the buying mode right now, but I still have a goal of finishing those sets with the keys.
Valued Member
aceman732's Avatar
United States
82 Posts
 Posted 02/26/2008  1:43 pm  Show Profile   Bookmark this reply Add aceman732 to your friends list Get a Link to this Reply
Once in a long while I get "CrAzY" and spend over a hundred dollars for something. The rest of the time I satisfy myself with roll hunting or $1 - 20$ items. The hobby is enjoyable either way. Will I ever own an MS St. Gaudens? Probably not, but I am having fun anyway.
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snowman's Avatar
United States
1840 Posts
 Posted 02/26/2008  2:47 pm  Show Profile   Bookmark this reply Add snowman to your friends list Get a Link to this Reply
Forget the rare dates. I still have a silver Washington quarter collection with no 1932-D & S. I've since moved on to foreign coins and haven't intentionally bought two of the same type of coin in over 2 years.

Oh yeah, I work as a consultant pharmacist. I've also taught pharmacy-related college classes and worked retail (i.e. CVS) for extra cash.
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