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Do You Collect As A Hobby Or As An Investment?

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Moe145's Avatar
United States
8904 Posts
 Posted 12/02/2013  9:31 pm  Show Profile   Bookmark this reply Add Moe145 to your friends list Get a Link to this Reply
Completely hobby. However, I do like finding great deals well below market value!!


I have sold off coins in the past, unfortunately. Due to a business that needed the cash, about 2 years ago, I sold off my Morgan dollar, Walking Liberty and Barber half dollar collections, mostly for spot at the time.


So far, I have mostly rebuilt my Walking Liberty half collection (mostly MS), and about 10% of my Morgans. More to follow.

(Yes, the business is doing well! Thanks for asking!)


So, I guess, I'm a collector, investor (for my ancestors' future), and also an upgrader and a rebuilder!!

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CoinsKelly's Avatar
United States
3453 Posts
 Posted 12/02/2013  10:19 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply
To be an investment, I would have to sell something...hobby for now.
Edited by CoinsKelly
12/03/2013 09:17 am
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CoinsKelly's Avatar
United States
3453 Posts
 Posted 12/02/2013  10:21 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply
Just_carl, I do hope you are around and of sound mind to enjoy phase III of your plan!
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CoinsKelly's Avatar
United States
3453 Posts
 Posted 12/02/2013  10:22 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply
Last post, Moe, you are @ 6000!
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Moe145's Avatar
United States
8904 Posts
 Posted 12/03/2013  09:09 am  Show Profile   Bookmark this reply Add Moe145 to your friends list Get a Link to this Reply

Quote:
Last post, Moe, you are @ 6000!



Well, well, well! Pretty cool!
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jbuck's Avatar
United States
188513 Posts
 Posted 12/03/2013  09:42 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Pure hobby. No interest in ever selling, unless so strapped it was unavoidable. And even then I'd sell a kidney first.
I have always said I would sell the cardboard box I was living in before I sold a coin. Now I know I do not have to stop there.
Valued Member
atchisonbj's Avatar
United States
293 Posts
 Posted 12/03/2013  1:33 pm  Show Profile   Bookmark this reply Add atchisonbj to your friends list Get a Link to this Reply
Started out as hobby for me but now I deal in coins. Collectors who have bought from me tend to notice that I take a collectors approach to what I sell --- and avoid the junk out there --- when you are a dealer too much of the wrong stuff and you have the spiders spinning their webs on it and that's no good. The bottom line --- if you wouldn't put it in your collection or wouldn't buy if you collected that series then don't expect the next guy too. At that point it is either face value, bullion, or bulk.
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matthewvincent's Avatar
United States
3486 Posts
 Posted 12/03/2013  3:23 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
the only reason I sell coins is to buy ones I like better!

ME TOO!
Those who "invest" in coins will never understand our love of coins.
Hobby first, potential gain a distant second.


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matthewvincent's Avatar
United States
3486 Posts
 Posted 12/03/2013  3:27 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
atchisonbj,
The best dealers are those who maintain the heart of a collector.
A "collector's approach" - MUCH wisdom in that phrase.
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