Coin Community Family of Web Sites
Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics FactoryPin — Custom challenge coins for military, police, and organizations. Global shipping, affordable prices, special discounts for service members!  300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Vancouvers #1 Coin and Paper Money Dealer
Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Register Now! It's free!
Registering will remove the anchor ads and vignette (between pages) ads.

Worst Hobby In The History

To participate in the forum you must log in or register.
Author Previous TopicReplies: 75 / Views: 6,705Next Topic
Page: of 5
Moderator
Learn More...
jbuck's Avatar
United States
162542 Posts
 Posted 04/24/2025  09:27 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Anyone here made $1 million in coins?
Maybe after spending $2 million.
Moderator
Learn More...
jbuck's Avatar
United States
162542 Posts
New Member
United States
35 Posts
 Posted 04/27/2025  4:57 pm  Show Profile   Bookmark this reply Add LandonM to your friends list Get a Link to this Reply
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
mrpapageorgio's Avatar
United States
601 Posts
 Posted 04/29/2025  5:31 pm  Show Profile   Bookmark this reply Add mrpapageorgio to your friends list Get a Link to this Reply

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
237 Posts
 Posted 04/29/2025  5:44 pm  Show Profile   Bookmark this reply Add Silverskunk to your friends list Get a Link to this Reply
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
 Posted 05/02/2025  8:43 pm  Show Profile   Bookmark this reply Add adam126402 to your friends list Get a Link to this Reply
Well, it could be worse, you could have been a Longaberger, Hummel, or modern sports card collector.
Valued Member
United Kingdom
342 Posts
 Posted 05/03/2025  02:42 am  Show Profile   Bookmark this reply Add Spyro to your friends list Get a Link to this Reply
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
Learn More...
jbuck's Avatar
United States
162542 Posts
 Posted 05/05/2025  09:56 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Well, it could be worse, you could have been a Longaberger, Hummel, or modern sports card collector.
Valued Member
United States
237 Posts
 Posted 05/05/2025  8:04 pm  Show Profile   Bookmark this reply Add Silverskunk to your friends list Get a Link to this Reply
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
Learn More...
jbuck's Avatar
United States
162542 Posts
Valued Member
United Kingdom
342 Posts
 Posted 05/07/2025  08:14 am  Show Profile   Bookmark this reply Add Spyro to your friends list Get a Link to this Reply
Right on, Silverskunk!
Valued Member
United States
103 Posts
 Posted 05/07/2025  6:19 pm  Show Profile   Bookmark this reply Add samoth to your friends list Get a Link to this Reply
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
russell1256's Avatar
United States
190 Posts
 Posted 05/08/2025  02:02 am  Show Profile   Bookmark this reply Add russell1256 to your friends list Get a Link to this Reply
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
Learn More...
jbuck's Avatar
United States
162542 Posts
 Posted 05/08/2025  09:55 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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
342 Posts
 Posted 05/09/2025  02:58 am  Show Profile   Bookmark this reply Add Spyro to your friends list Get a Link to this Reply
Yes. Just occasionally this hobby can even be self-funding. Those days are a pleasant surprise.
  Previous TopicReplies: 75 / Views: 6,705Next Topic
Page: of 5

To participate in the forum you must log in or register.



    





Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2025 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2025 Coin Community Forums
It took 0.42 seconds to rattle this change. Forums