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 Replies: 69 / Views: 7,166 |
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Bedrock of the Community
United States
20753 Posts |
To me this is all an investment. I've been collecting coins for well over 60 years. The way I look at it all is I'll keep on collecting for about another 60 years, then sell off everything and use it for a life of relaxation for the next 60 years or so.
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Pillar of the Community
United States
919 Posts |
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I've been collecting coins for well over 60 years I can't even imagine what it would be like to go to a bank and buy BU rolls of 1950's silver coins for face value. That must have been fun. |
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Valued Member
Canada
316 Posts |
As a Hobby. My intentions are to try to get my kids interested in it. I will use it to help me teach them more about history, geography and of economy.
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Valued Member
United States
315 Posts |
I mainly buy silver and gold as an investment, but I search penny rolls for fun. I haven't found anything really good yet though, but believe me I would be far happier if I found a merc dime than a Close AM zinc. |
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Pillar of the Community
United States
5830 Posts |
Both for me also.
I started out as an investor, and slowly got interested as time goes, the more I want to know about certain varieties the more interested I got involved. The rest is history.
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Bedrock of the Community
United States
11951 Posts |
I had to choose hobby and investment.
For years I put away coins, thinking one day I would open my own coin shop. I like to think my collection/hoard has become a collection that has some value.
As I get older, I am not sure I will have my own shop, but may start selling at coin shows.
I have seen hundreds of times, coins being passed down or left to family members. Then the coins are brought to local coin shops and sold for what ever they can get.
About a year ago there was a lady. I had been working with for a year or so. She wanted to divide up her collection so her sons could get a equal amount of coins. A few months ago, she passed on a Saturday, the two sons came in the next Thursday and sold the coins.
Seeing this scenario time and time again, I feel it would be best to sell off the majority of my collection, before I pass. Maybe pass one some of the better coins, if any of my kids or grandkids seem interested.
I feel I will be better at selling my collection than anyone I would leave it to.
Helping out at local coin shops I have seen all levels, today a lady brought in the coins her father left, she got $13.28. Another guy brought in a collection worth hundreds of thousands.
One older gentleman comes into the shop every week. He has been offered 85K for his collection. He is in his 80's does not want to sell, but has no one in his family interested in coins. I tell him to sell and enjoy the money.
I think most collectors may not know it, but they are doing this hobby for a investment, maybe not for themselves but for those that will end up with the coins after they pass.
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Pillar of the Community
United States
3789 Posts |
BOTH
I do enjoy the detail and workmanship that goes into these coins. I love the presentation.
But its also nice to see the vast majority appreciate. Others tho I just bought them because they looked great, perhaps it was an animal that looked good on the coin or it was about a certain location in the world or place and it was just so unique I had to add it.
But yes I have no problem in letting them go for $$$$$$.
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Pillar of the Community
United States
3789 Posts |
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Pillar of the Community
United States
2543 Posts |
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I can't even imagine what it would be like to go to a bank and buy BU rolls of 1950's silver coins for face value. That must have been fun. I too was born in the fifties. When I was a kid, pocket change was wheat pennies with more and more LMC's mixed in. It was not uncommon to have a few Indian Head cents in there also. Nickels were a mix of Buffalo and Jeffersons. Dimes also were mostly Roosevelts but there were many Mercs mixed in. Quarters were mostly Washingtons but when Dad threw his change on the desk it was always exciting to see a standing liberty in there. Like finding an ATB Quarter nowadays. And on rare occasions there would even be a Barber quarter staring up at you. Halves were all a mix of Franklins and a few Walkers. It was not uncommon for him to produce a Morgan or Peace dollar he got in change as a surprise for us kids. Never new what happened to that jar of pocket change I had @ 1963. |
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Pillar of the Community
United States
919 Posts |
 That is all I can say about all those coins in circulation. |
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Bedrock of the Community
United States
20753 Posts |
Quote:
I can't even imagine what it would be like to go to a bank and buy BU rolls of 1950's silver coins for face value. That must have been fun. Same as already stated. Way back few people collected coins. Stamps were a bit more of the hobby. In change all the time there were what today we all pay for. I still remember people getting mad that a gum ball machine would not take those larger pennies. And coins like Jefferson nickels, Roosevelt dimes and even Washington quarters were the scarce items. We spent Silver Dollars the same as paper dollars today. But then remember who knew? Same with cars, who knew a 57 Chevy would ever become something people said wow over. A friend of mine bought a thing called a 56 Ford Thunderbird. What a dummy. No room for the gang. Just a lot of girls he picked up.  And like GR58 said, sort of now what to do with all the coins when no one you know wants them. No relative cares about coins. Some day somerelative will take the entire collection of many collectors to a bank for face value. Picture the teller saying some of your coins are fakes. They say Cents but are as big as a half dollar.  Throw them away. |
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Pillar of the Community
United States
919 Posts |
You guys have to stop rubbing it in. I think it is a deal when I plunk down $170 and get a $10 roll of Franklin half dollars. |
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Valued Member
United States
315 Posts |
On the bright side, now I can say: remember when you told me pizza used to be a quarter? Today, that quaryer is four bucks!
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Pillar of the Community
 United States
8137 Posts |
That is the power of inflation at it's best. |
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Pillar of the Community
United States
1007 Posts |
Hobby only for me. I haven't sold any coins but have given away quite a few to other collectors.
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Replies: 69 / Views: 7,166 |
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Posted 10/15/2013 4:47 pm
