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Do You 'Enjoy' Your Coin Collection?

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Pillar of the Community

Australia
1040 Posts
 Posted 01/17/2009  8:07 pm Show Profile   Bookmark this topic Add latman100 to your friends list Get a Link to this Message Number of Subscribers
I recently received a very nice gift from KurtS (thank you very much Kurt ), Richard Snow's A Guide book of Flying Eagle and Indian Head cents.

Apart from being a fantastic book, one paragraph really got me thinking about my whole collection. This is quoted directly from the book:


Quote:
It's a curious fact that many if not most coin collectors receive pleasure from seeking and buying coins, but do not enjoy their coins once they own them.


I am guilty of this. I seek then buy/trade/find the coins I am looking for, they stay on my coin desk for a couple of weeks while I study them, then into storage, sometimes for years before I look at them again.

Snow's book has inspired me to enjoy my collection more. I spent a couple of hours last night 're-discovering' a lot of my collection and was surprised at how my collecting has evolved over time. Coins I had assigned grades to in my younger days are completely different to how I would grade them now. I noticed details that I couldn't remember, or perhaps didn't notice previously. And I realise that I have a lot more coins than I thought, many not in keeping with my current direction.

I have now resolved to 'enjoy' my collection more, to spend time each week looking at my coins, and to bring home coins in safe storage occasionally to enjoy as well. After all, I am a collector, not a hoarder, and up until now, I have been a hoarder.


Valued Member
United States
284 Posts
 Posted 01/17/2009  8:44 pm  Show Profile   Bookmark this reply Add christian_cyclist to your friends list Get a Link to this Reply
I know what you mean by enjoying a collection. There's a certain joy of acquisition but then it kind of fades because the "mission was accomplished". Time to move on, right?

In all of my times of coming off the coin collecting band wagon, it has always been because of a frustration of not being able to acquire. Acquisition was always my goal. When the acquisition stops then outside pressures would pull me away.

Certainly, acquisition is part of collecting but it should never be the goal.

I'm a little bit older now, and hopefully smarter than I was before. Now my goal in collecting is to share rather than acquire. While it would be cool to have a complete set of Mercury dimes or Morgan dollars, I'm not going to make that a goal. I'd rather buy a pound of world coins off of ebay and go on virtual tours of the home country on Wikipedia. I love snapping picture of my coins and posting them here, even if the coin is worn, faded, and "worthless" as a currency or a collectible.

I think this is a good topic to explore because I'm sure a lot of people have come close to being burnt out and lose the joy of collecting.

-- Boris
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KurtS's Avatar
United States
5318 Posts
 Posted 01/17/2009  9:09 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
That's a very interesting observation that I must have overlooked in my copy of this book. I suppose I was in "acquiring mode" at the time
However, I do find myself taking a new appreciation in the coins I already have, because there's so much to be learned.
A book like Snow's puts coins in an interesting historical context that might otherwise be overlooked. Additionally, he's touched on a few die varieties that one can discover within their collection. In all our collections, I'm sure there are coins waiting to be discovered. Just the other day, I happened across a great doubled die I was sent in a group of Aussie pennies--thanks Sean!
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ceaton's Avatar
United States
1179 Posts
 Posted 01/17/2009  9:20 pm  Show Profile   Bookmark this reply Add ceaton to your friends list Get a Link to this Reply
Very interesting as I find myself in the acquiring mode alot of the time too. There's something about checking the mail and seeing that fat package, or coming home from a show with a fist full of 2x2's. I think alot of it for me is the hunt, organizing them and keeping track of all my coins. I also find myself grinning ear to ear when I look at all my Lincolns every time though. So I guess I'm about 50/50. I love finding great coins for a steal etc. I now enjoy getting more coins and showing my son, who isn't even old enough yet :)
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jbuck's Avatar
United States
187702 Posts
 Posted 01/17/2009  9:47 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I definitely enjoy my coins. I have some that have been in my possession up to thirty years now; looking at them brings back a lot of memories.
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DNA's Avatar
United States
2734 Posts
 Posted 01/17/2009  9:48 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
I have tons of coins that I saved from circulation ten, twenty+ years ago that I finally got around this last year to appreciating and enjoying them, versus just putting them away in a lockbox like I used to.

I was a 'coin saver', not a 'coin collector'. Now I appreciate the history behind the coins, not just "I just got a (Wheatie/Buffalo/Silver/etc.), so I'll put that in a lockbox and never look at it again."

Until 2008, when I (and a lot of my old coins) finally 'saw the light'!
Edited by DNA
01/17/2009 9:51 pm
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chequer's Avatar
Canada
4227 Posts
 Posted 01/17/2009  9:57 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
I was guilty of this up until very recently. I started pulling boxes out and going through the 2x2s and realized how much fun I was having. I'll not take my coins for granted ever again ... ha!
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JOE's Avatar
United States
164 Posts
 Posted 01/18/2009  04:21 am  Show Profile   Bookmark this reply Add JOE to your friends list Get a Link to this Reply
That's a tricky question for me to answer, I tend to juggle hobby's constantly, And once I'm done with one i'll move to the other in the blink of an eye.

First, I bought grab bags of foreign coins from the local coin store, To search through them to find any coins that dated from the world war 2 years, after scanning each bag, the (200+) foreign coins went into storage.

Then I went into hunting pocket changes as well as our passed down coin collection to try and find errors, RPM's, all that, That lasted a while

After that I then started getting into collecting Indian Head cents. I collected a few and also bought some books on them.

Now I'm taking much more respect for coins in general after reading the history of those old foriegn coins that I threw aside previously, After I did some online research I realized how much history I was holding, (And was also pleasently surprise to find a coin worth 150$ that was previous ignored.), So now I'm trying to do as much research on my old foriegn coin collection as possible.

Thinking about it, I guess I am guilty as well, seeing as how once I'm bored with one type of collecting, I move onto the other, the thrill of buying and hunting I suppose, haha.
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Sap's Avatar
Australia
16806 Posts
 Posted 01/18/2009  04:39 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
It entirely depends on the personality of the particular collector.

Some are "hunters"; the thrill of the hunt is what motivates them. If such collectors ever actually "complete" the collection they're aiming for, they will in all probability sell it and start something new.

For others, with more of a "hoarder" personality, ownership is most important. They'd never consider selling, unless their financial situation became extremely desperate. But sometimes, the fact of certainty of ownership overshadows actual appreciation of the coins; such a collector is most likely to stash them away in a safety deposit box or cupboard somewhere, and never get them out and look at them.

The "historian" type of collectors are going to be the ones that most "enjoy" the collection that they have. For these, the coins are touchstones to history, and that back-story is just as important, if not more important, than the bare statistics of mintage and market value. For these people, looking at their coins is like reading a history book.

People can change their attitudes, but it does require a conscious effort.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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CoyoteMoss's Avatar
United States
116 Posts
 Posted 01/18/2009  08:05 am  Show Profile   Bookmark this reply Add CoyoteMoss to your friends list Get a Link to this Reply
Guilty - Really don't see that changing. I'm the type of person that needs to be doing something all the time. Searching for coins is only one of several hobbies that I have that keeps me busy doing something. Once I find them - they go into the collection and that's it, I'm off to something else. I really enjoy spending hours searching rolls. I've read some history but never been a history type. To be honest, if I pull out a 1970 P & D nickel and a 1971 P & D nickel (as example) they all look the same except for the date and/or mint mark so I have no desire to pull out a 1972.. it's the same too. I go to coin shows, buy - bring them home and usually put them into another 2x2 or album - looking at them one more time, since I look before I buy and toss them into the collection. It's fun and it keeps me busy.
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dbrablec's Avatar
United States
1944 Posts
 Posted 01/18/2009  11:22 am  Show Profile   Bookmark this reply Add dbrablec to your friends list Get a Link to this Reply
I too am guilty of not enjoying my collections, or already collected coins, as much as the "hunt" for new additions. thanks in part to this forum I have been re-searching my old stored coins. I am re-discovering coins I don't remember finding or obtaining in the first place. in some cases I remember the sense of discovery - or excitement, upon having found a missing coin for a set, of simply an oddity. I did post a thread, trying to discuss the difference in excitement between an average hobbyist collector, and an elite (my term), or professional. I truly wonder if the wonderment, or excitement, diminishes, as one becomes less - novice. in any case I am finding great enjoyment in rediscovering my own already collected coins.
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SJUHawks's Avatar
United States
383 Posts
 Posted 01/19/2009  05:42 am  Show Profile   Bookmark this reply Add SJUHawks to your friends list Get a Link to this Reply
This is an interesting topic for a noob like me. Since I've just started, I can't really be guilty of this...yet. Just about every night, though, I take out my Whitman folders and bring the kids over to the table to look at them. They're still little, so I'll say something like, "see this one, it says here that there were 5 billion of these made. This one here only had 2.5 million made. Which one do you think was more difficult to find?"

Then I explain the whole concept of rarity and why one is worth more than the other and why they are both worth more than 1¢.

They kind of get it and think it's cool. They absolutely love to roll hunt with me. I always keep a few wheaties free and toss them in when there are a few lousy rolls in a row to keep them interested.

This is a great thread b/c it reassures me that I'm enjoying the hobby, and keeping it just that: a hobby.
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hawkeye's Avatar
United States
141 Posts
 Posted 01/19/2009  09:03 am  Show Profile   Bookmark this reply Add hawkeye to your friends list Get a Link to this Reply
I'm fairly new to this board and returning to the hobby after many years. I too had that same question. Do I just search for coins and hide them? I certainly don't want to. I'm searching for a way to display my collection so that I, and others, can view it too. I need protect the coins from sun light, humidity, theft, etc., but I know that hiding it in a safe deposit box will be no fun at all! Maybe a good insurance policy would be a start ;)

Thanks for starting the thread. I'm glad that I'm not the only one puzzling over this. I think that this is, as the Irish say, "a good problem to have".
Pillar of the Community
Australia
1040 Posts
 Posted 01/19/2009  9:14 pm  Show Profile   Bookmark this reply Add latman100 to your friends list Get a Link to this Reply
I have coins that are valuable, and coins that aren't. The valuable ones will still be in the bank, but I will be bringing a few home every now and again to remember why I bought them. Since I really started searching them again in the last few days, I have made some nice discoveries. I guess after 20 + years of collecting you are bound to have a nice coin or two, and some real 'what was I thinking?' coins as well.
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CuprousCoin's Avatar
United States
226 Posts
 Posted 01/20/2009  12:04 pm  Show Profile   Bookmark this reply Add CuprousCoin to your friends list Get a Link to this Reply
I definitely started out as a "Type Set Hunter" and would rarely look at past acquisitions until I bought a new coin. Unfortunately in my zeal to complete my type set I made some bad purchases . Not until I realized the error of my ways did I start to make a effort to improve my grading skills and research the coins series that I was truly interested in ( Indian Head cents and Barber dimes). Now over the last several years I have narrowed my collecting focus to those two coin types and have found that through greater knowledge and grading practice that I can spend several hours a week just reviewing my coins and enjoy ever minute of it
also, Having a safe to store them in at home makes it a lot easier to pull them out and look at them whenever the mood strikes.


Bottom Line: Collect only what you really like and never stop trying to improve your knowledge and grading skills.
Valued Member
United States
429 Posts
 Posted 01/20/2009  2:36 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
Great question...

I just (re)started collecting about 3 years ago and have gone through the emotions both ways. At first, it was just to get something new and pretend I knew what I was talking about but after some bad purchases it turned around. As I started to learn more about what I was collecting and finding the small differences in what make one coin stand out over another one, the joy began to develop. Over the last two years I would say that I have really enjoyed my collection and look through parts of it a couple times a week and I know this is why I like the Dansco folders so much because I can see both sides of a coin and compare it with others.

My wife would most likely say that I hoard certain coins but she also knows the joy it brings to me to have them. Over the extent of my life I can look back and see that I was always collecting something at one point or another and that I would then move onto something else. I think the reasons I moved on were that I grew tired of something too easily, everyone else was doing the same thing, or it had to be a high grade to have any value. These items always had a price tag to them and not a pure excitement like when I buy a new; or old, coin. When I pick up a coin I start to think of the history that coin has gone through: who owned it? how far has it traveled? what did it purchase? did someone famous use this and if so, for what? If I put some kind of meaning behind it, it makes it move enjoyable, if there is no meaning, then it is just a piece of metal.
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