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Replies: 9 / Views: 1,230 |
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Pillar of the Community
2087 Posts |
I have been a coin collector for 10 years now...and I would like to think a student of numismatics for 6 years. I have noticed my collecting runs in cycles...almost a bit bipolar in some respects... I have periods of great interest and motivation and then, like now, I hit a dry period with little motivation and flagging interest. This time I think the dry period is due to the fact I am finding it harder and harder to find the coins I want, and can afford. As a result the time gaps between successful finds are becoming longer. Its now been nearly two months since I added anything of interest to my collection.
In some respects this is due to a function of how long I have been collecting, A few years ago there were so many coins I wanted to add to my collection now it seems there are so few!
Any one else been here?
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Bedrock of the Community
13014 Posts |
I definitely understand what youre saying. It always seems like when you have a lot of available funds the things you want are hard to come by but as soon as youve spent your budget for a month everything you want appears out of no where.
It definitely gets old though searching over and over and over again finding nothing you want. I'm not at that point yet where my sets are so full its really hard to find things, but I have gotten there for a few things and I've been ignoring them lately after having every search come up empty for a while.
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Pillar of the Community
Canada
3692 Posts |
I switch from two collection styles in cycles according to my budget. One is collecting from pocket change and from there I get to notice slight varieties and which new coins are harder to find in the wild. The second is buying coins that I like. When I go through the first cycle it gives me time to breathe and actually research the coins that I would like to buy. Sometimes I can go about 6 months before buying anything. Other times I buy in spurts (days apart) because I feel financially safe to do so. It all depends on what I have my eye on and what my budget is like, but I try to never stop reading.
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Pillar of the Community
Australia
3831 Posts |
I've been going through the same stage at the moment. What I am doing is to cull some of the duplicates in my collection to free up extra funds. I have a habit of hoarding coins especially if they are a bargain. This actually helps later down the road as some can become scarce a few years later.
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Pillar of the Community
United Kingdom
856 Posts |
I wonder if we don't all find this? Certainly I started with enthusiasm, buying examples because they were rare, or I hadn't seen better.
But of course, with time I've seen many more coins so I have a better feel for which coins are easy to find and which aren't. And which coins can be found in good grades, and which you'll struggle with.
As I've filled quite a few of the gaps I need for my collection, inevitably those remaining are the rarer coins or ones that are rarely found in decent grade. Plus I have become more discerning (or demanding) and coins I would happily have bought a few years ago I look at and decide I can do better. Or that, rare though it is, I will never feel particularly happy about it.
And, certainly with what I collect, the market itself can be cyclical. There are times when material is plentiful and others where dealers struggle to find good quality stock. The last couple of years has been the latter and while luck and persistence still pay off, undoubtedly there is less around to interest me. And all the while prices for better pieces continue to rise. An additional challenge for those of us on a modest budget!
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Bedrock of the Community
Australia
21786 Posts |
austrokiwi: What sort of coins do you collect? Maybe it is time to expand your numismatic horizons.
I started out collecting coins of my own country. Fairly typical for most people. When I had completed a full set of what I was looking for, I became frustrated. So I asked myself 'What can I collect in a series that is impossible to complete? Over a period of time that answer for me was 'ancients'.
One problem: I knew next to nothing about them. So I took to reading about them, without acquiring a single item. This period lasted two years for me. Along the road, I learnt a lot about ancient history as well.
Then I acquired my first ancient coin.
It was a denarius of Antoninus Pius, with the modius and corn ears reverse. VF, it cost me four dollars. That was in 1965!
My next acquisition was a gold stater of Philip 11 of Madecon with the Apollo obverse, and biga reverse. Thunderbolt below the biga, which indicated the Pella mint. VF condition. By that time, I knew a fair amount of historical background about the piece, but my ability to identify a fake was next to zero.
So I made an inquiry to Spink's in London. A reply came back a few months later, saying they had an example in stock. The price was 350 Pounds. I decided to buy. I still have all of the documentation that relates to this coin, including polaroid photographs, to prove provenance, should I sell it. I have actually visited Pella in Northern Greece, where the coin was originally struck. Funny, I didn't find any trace of the mint that made the coin, after a period of 2,300 years! That coin is the 'piece de resistance' in my collection of ancients, that numbers about 100 pieces. I have since acquired three other ancient gold pieces since then as well.
However, I still got frustrated at times, so I expanded my numismatic horizons further. I now collect ALL coins, ancient to modern, up until about 1950, when silver had been withdrawn by most countries around the World, as a circulating medium.
These days my collection numbers around 4,000 coins, and the majority of them would be valued at less than $10 apiece.
To keep my numismatic interest going, I also randomly take all commemorative coins from circulation. After I have perhaps 1,000 coins, I will do some some sort of population research on them, I will retain the best example of each, then release the rest back into circulation. I will post the results of that researech here in the CCF.
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Bedrock of the Community
United States
11951 Posts |
I also think it does run in cycles, for many of the same reasons mentioned.
For me the availability of coins causes the biggest cycles. Sometimes there are no coins I want available (local)and sometimes there are more than I can purchase.
Second is, the longer you collect the higher the prices will be for the empty holes in your collection. For me buying higher priced coins takes more planning. You have to make the funds available and make sure your not over paying. This more important for the higher price coins.
Use the time when your not buying coins, to focus on where you want to go with your collection. Learn as much as you can about the coins you want to buy. Add to your coin fund, if possible, so that when the right coin comes along you can purchase it.
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Pillar of the Community
 2087 Posts |
Quote: What sort of coins do you collect?
Its a seemingly simple focus that I have complicated: I collect Original and Re-strike Maria Theresa talers plus the coins that tell the story of the rise and perpetuation of this trade coin. A good part of my collection would be regarded as a re-strike MTT reference collection as it holds a fair proportion of the known varieties. But the whole collection covers from 300 ad (Axum: its actually part of the background story) jumps to the 1200s ( venetian ducat) next the 1500s and then concentrates on 17th,18th, 19th and early 20th centuries. I add coins on the basis that they help tell the economic and numismatic story (eg I have a circa 1520 Jochimsthaler guildengroschen and I have the last issue of the Schlick Family that was actually issued under Maria Theresa's) of the MTT. Some of the coins I still want to add are effectively made of "unobtainium" and/or punitively expensive such as: 1780 Prague mint MTT, Bombay mint gold MTT presented to King Farouk, Arabian gulf gold Larin or a VOC Larin.
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Bedrock of the Community
Australia
21786 Posts |
You run the risk of going down EXACTLY the same course, that I charted for myself!
My collection is really a statement of the history of the development of coinage from the beginning. At least for me, that is numismatically profound. Gives me a warm fuzzy feeling of satisfaction.
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Pillar of the Community
United States
2661 Posts |
I too experience the same ebb & flow collecting patterns. Mine coincides with the start of the spring fishing season and runs until around the end of November, which coincidentally is the end of the fall fishing season. It opicks up a little between July and September due to the hot weather, and goes full throttle in the winter.
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