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Have You Cut Back On Your Coin Spending?

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Pillar of the Community
Canada
6611 Posts
 Posted 03/15/2020  12:27 am  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply
The life is going on.
And this very promising!
Pillar of the Community
United States
2341 Posts
 Posted 03/16/2020  3:25 pm  Show Profile   Check canadian_coins's eBay Listings Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
Silver is melting right now. Down 12% for the day.

People are rushing to the exit door.
A picture is worth a thousand words.
Pillar of the Community
Learn More...
United States
4125 Posts
 Posted 03/16/2020  4:01 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Almost all major events are pushed to a later date or postponed, so I can't spend money even if I wanted, once this craziness get fix, hopefully everyone daily routine goes back the way it were.

The Mercury Dimes Specialist!
Current project: US Dansco 7070 Album
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Pillar of the Community
United States
2341 Posts
 Posted 03/17/2020  9:47 pm  Show Profile   Check canadian_coins's eBay Listings Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
well today we had a 60% layoff and those remaining were told to work from home. I'm OK for now but the near future looks pretty grim. For me that pretty much closes the lid on coin collecting - and many other things I took for granted as I am nearing retirement.

I wish all collectors good luck and I'm sure some really good deals will show up in the near future...



A picture is worth a thousand words.
Pillar of the Community
Canada
6611 Posts
 Posted 03/17/2020  11:28 pm  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
some really good deals will show up in the near future...


This could be almost for sure as true, but according to the mails from the dealers, majority of them will work "as per appointment" mode and online, so not sure, if they will be able to offer discounts to attract the buyers.
But...let's see
Pillar of the Community
Canada
2389 Posts
 Posted 03/17/2020  11:33 pm  Show Profile   Check Wade's eBay Listings Bookmark this reply Add Wade to your friends list Get a Link to this Reply
so far my employment is safe, but good luck on finding a deal as most dealers/sellers have closed their doors / waiting out the storm.

I fear for the hobby as this is situation (might be) serious enough (real or not) that people clue in to what is really important... and little circular discs of over priced metal just might not make the cut.

I will be looking to silver and gold, and maybe some airline stocks, as an investment over coins...

But at the end of days we aren't taking anything with us...

be safe and be healthy

Edited by Wade
03/17/2020 11:34 pm
Pillar of the Community
United States
2341 Posts
 Posted 03/18/2020  8:54 pm  Show Profile   Check canadian_coins's eBay Listings Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
@Wade - yes be safe for sure

Another blood bath today. Platinum at $600?
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Pillar of the Community
United States
6272 Posts
 Posted 03/18/2020  9:54 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
No. The economy was amazing going into this hyped up mess. Overall more people were in better shape than they had been with their money for a long time. When the initial panic is over I believe things will not only get back to what they were, but probably be better overall. If the plans Washington is trying to get passed eight now kick in as they say they will, I think things will be better a lot faster.

What I cannot understand is how in the world mankind ever existed all those years with no Walmart to buy TP from...its a miracle we survived.

- When I value " being right" more than what IS right, I am then right...a fool.
- How much squash could a Sasquatch squash if a Sasquatch would squash squash?
- Prosp long and liver.
Pillar of the Community
Canada
795 Posts
 Posted 03/19/2020  07:26 am  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
I just laid off 80 employees, and my coin collecting is also done for the foreseeable future.
Pillar of the Community
United States
821 Posts
 Posted 03/19/2020  9:01 pm  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
I am trying to cut back on my coin spending but it has nothing to do with the current medical situation. I've been trying hard to whittle down my debt problem for about a half-year now. I'm still buying all the new stuff I 'need' from the US and Canadian mints (which alone is a dumb idea), but I've not looking much now for the few circulated coins (basically 1800's) to complete those sets.
Pillar of the Community
United States
2341 Posts
 Posted 03/28/2020  11:35 pm  Show Profile   Check canadian_coins's eBay Listings Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply

Quote:
I just laid off 80 employees, and my coin collecting is also done for the foreseeable future


I didn't lay off nearly as many but I know how you feel. Sorry about your team.
A picture is worth a thousand words.
Pillar of the Community
Canada
6611 Posts
 Posted 03/29/2020  01:40 am  Show Profile   Bookmark this reply Add Silveroid to your friends list Get a Link to this Reply

Quote:
I am trying to cut back on my coin spending but it has nothing to do with the current medical situation. I've been trying hard to whittle down my debt problem for about a half-year now. I'm still buying all the new stuff I 'need' from the US and Canadian mints


Same.
Sometimes I wonder, how it possible to buy something, if I owe here and there, but seems to be the will of owning something is stronger than financial responsibility.
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