| Author |
 Replies: 75 / Views: 6,815 |
|
|
|
Moderator
 United States
162781 Posts |
Quote:
Anyone here made $1 million in coins? Maybe after spending $2 million. 
|
|
Moderator
United States
162781 Posts |
|
|
New Member
United States
35 Posts |
As life goes on, I'm really, REALLY starting to believe in the saying I once heard from a professional gambler, former professional stock trader... "once you can beat any game, you can beat all the games".
Guessing the OP is just a loser at everything and if we inquired into their process in assembling a coin collection for profit, it would reveal they're dumb.
|
|
Pillar of the Community
United States
601 Posts |
Quote:Well and here I thought it was all about the "HUNT". That little thrill you get opening a new roll of coins. the anticipation that you may find something. anything. Even if it is just a 1977 Lincoln Cent. Had a mini version of that for awhile when I was working retail and the mint released those W quarters out in the wild. I was checking the coins we had in the cashier drawers for awhile when I saw we got new bags from the bank. Was able to catch 2 (after I swapped with my own quarter).
Edited by mrpapageorgio
04/29/2025 5:32 pm
|
|
Valued Member
United States
264 Posts |
I don't care if I get rich or not. I'm more of a bullion stacker and a small one at that. I'm not spending the milk money or emergency money anyway. I basically spend what I'd be spending on hunting and fishing, traveling...ect. Things I don't really do anymore due to age and injury.
Stacking silver and some gold is more of a diversified savings account anyways. Not romantic, historical, fascinating, challenging, as the world of collecting. Which really blows me away.
If I can die leaving a nice chunk of bullion and some interesting coinage on the side then I'll die happy. My kid has an interest so hopefully he'll build on what I leave him. I was a History major and the subject has always blown me away.
How can you "NOT" Love coinage collecting ?
|
|
Pillar of the Community
United States
528 Posts |
Well, it could be worse, you could have been a Longaberger, Hummel, or modern sports card collector.
|
|
Valued Member
United Kingdom
343 Posts |
It's nice to buy a mint set every year and later discover that the mintage of one of the coins in it is only a few hundred thousand. Suddenly the set's worth a lot and you think "why didn't I buy two so I could sell one of them?" And so it goes...
|
|
Moderator
United States
162781 Posts |
Quote:
Well, it could be worse, you could have been a Longaberger, Hummel, or modern sports card collector. 
|
|
Valued Member
United States
264 Posts |
I find my enthusiasm only growing with the more I learn. Even if I am making some small mistakes. I'm just making sure I'm not spending to much "on" the mistakes and trying to limit them. I sit here at my desk all day long looking at coins. I mean I walk the dog, bike 45 to 60 mins a day, weight lift 5 times a week, eat, work on the house, spend time with the family....ect But what I really like doing is sitting at my work station studying history, coinage, and learning as much and as fast as I can. What a wonderful hobby.  |
|
Moderator
United States
162781 Posts |
Well said.  |
|
Valued Member
United Kingdom
343 Posts |
|
|
Valued Member
United States
103 Posts |
I take the view that intelligently-purchased rare coins will, over the long run (>10 years), behave similar to a long-term bond (>10 year maturity).
This perspective excludes transaction fees on both ends.
And the prerequisite to "intelligently-purchased" is extensive experience and long-term engagement (e.g., a dealer or specialist) -- the type who can spot a Maris 18-L or Noe 2-A (or pick your favorite series), and knows what is or isn't a favorable price, and has the capital to available when such opportunities arise.
|
|
Valued Member
United States
190 Posts |
Consider it a hobby, not an investment. If I buy a key date slabbed coin for $500, I can sell it the next day for $400, long term for over $500. So my expensive hobby is not really that expensive.
|
|
Moderator
United States
162781 Posts |
Quote:
Consider it a hobby, not an investment. If I buy a key date slabbed coin for $500, I can sell it the next day for $400, long term for over $500. So my expensive hobby is not really that expensive. An interesting way to look at it. 
|
|
Valued Member
United Kingdom
343 Posts |
Yes. Just occasionally this hobby can even be self-funding. Those days are a pleasant surprise.
|
| |
Replies: 75 / Views: 6,815 |
First Page
Previous Page
Posted 04/24/2025 09:29 am
