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Collection Planning

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Metalman's Avatar
United States
7123 Posts
 Posted 07/04/2005  4:33 pm Show Profile   Bookmark this topic Add Metalman to your friends list Get a Link to this Message Number of Subscribers
Do you have a set goal each month ? Of which coins or coin you want to add to your collection, or do you just buy or add as the opportunity presents itself ?

edited for spelling (for cryin out loud)

Rick
Edited by Metalman
07/04/2005 4:40 pm
Valued Member
Ætheling's Avatar
United Kingdom
188 Posts
 Posted 07/04/2005  4:37 pm  Show Profile   Bookmark this reply Add Ætheling to your friends list Get a Link to this Reply
quote:
Originally posted by Metalman

Do you have a set goal each month ? Of which coins or coin you wnaat to add to your collection, or do you just buy or add as the opportunity presents itself ?

Rick



I think I tend to buy as the opportunity presents itself. Although I do this with my goal in mind. It's just I can only afford to get the new coins at certain times, usually a few every three or four months. It's kind of sporadic, I have months where I won't buy anything, then i'll have two weeks where i'll go nuts and buy four coins I can't afford.
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Metalman's Avatar
United States
7123 Posts
 Posted 07/04/2005  4:42 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
I make a list of three or four coins that I want to add, along with an approximate price I'm willing to pay, and then I stick to it , now that doesn't mean that I will buy all of them but at least one !!

Rick
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Kyra's Avatar
United States
867 Posts
 Posted 07/04/2005  5:10 pm  Show Profile   Bookmark this reply Add Kyra to your friends list Get a Link to this Reply
My goal each month is to have a positive balance in the checkbook! Seriously though, I really don't have any set goal, if I see a coin I like and I can afford it, I buy it!

Rachel [:p]
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zakgold's Avatar
United States
382 Posts
 Posted 07/04/2005  7:24 pm  Show Profile   Bookmark this reply Add zakgold to your friends list Get a Link to this Reply
I promised myself awhile back to skip the common stuff and save/spend for the good stuff.

I used to go to a coin show and I would buy a LOT of commons, just because I fell into the "quanity versus quality" mind set. After all, a lot of coins made me feel good. Today, I may buy one or two coins...BUT...real good stuff.

It is not easy. You walk into a coin store/show and I had the same feeling about getting "any" coin as my ex-wife felt about buying shoes (at least my coins never depreciated like all of her freakin shoes). You want to buy and acquire something! Word to the wise...patience!!

Save and target that semi or key date coin. Commons will always be there. Semi and Keys will be there too...but way more expensive the following year than when you first could acquire it!

Edited by zakgold
07/04/2005 7:25 pm
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CarlTromp's Avatar
Netherlands
309 Posts
 Posted 07/04/2005  7:36 pm  Show Profile   Bookmark this reply Add CarlTromp to your friends list Get a Link to this Reply
My goal is easy, I like it most to buy kilo where, sort them out, put them on my swap lists, and I'm always happy as a child when I find a few that I don't have, it's a good thing when you colect by type and year, in most kilo's you find a date, and sometimes even type's you don't have!!

Greetings, Carl
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Mike's Avatar
United States
2884 Posts
 Posted 07/04/2005  8:06 pm  Show Profile   Bookmark this reply Add Mike to your friends list Get a Link to this Reply
I always have one or two specific coins on my want list, with a price range. I bid on a lot of stuff for "low" money and if I win it,good. If I don't ,no big deal. My focus changes every few years or so it seems. Many of my purchases are based on how my selling is doing. Right now colonials, early coppers, early silver dollars, gold and "cob" coinage as well as Fractional Notes have caught my attention. I'm always looking to up-grade. But,those like all the rest will change one day! Happy hunting! Mike P.S.Rick, almost every post I do is edited, because no matter how closely I proof read it, after it's posted I find typo's or words spelled wrong, or a whole word missed! I live by spell check everywhere else!!!
Edited by Mike
07/04/2005 8:12 pm
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crystalk64's Avatar
3147 Posts
 Posted 07/04/2005  8:24 pm  Show Profile   Bookmark this reply Add crystalk64 to your friends list Get a Link to this Reply
I work an album, when I start it, like crazy but tend to wonder from coin to coin. Makes for an interesting collection!
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nohope587's Avatar
United States
5953 Posts
 Posted 07/04/2005  9:09 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
I have a list of coins I am saving up for, but whenever I get any kind of money in my coin account I end up making impulse purchases so there is never enough to get the coins I need to complete my sets. The lotto would seem to be the only answer but I would need to buy tickets if I wanted to win.....
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crystalk64's Avatar
3147 Posts
 Posted 07/04/2005  10:13 pm  Show Profile   Bookmark this reply Add crystalk64 to your friends list Get a Link to this Reply
I buy lotto tickets and so far I have no hope!
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AuldFartte's Avatar
United States
830 Posts
 Posted 07/04/2005  10:46 pm  Show Profile   Bookmark this reply Add AuldFartte to your friends list Get a Link to this Reply
I need three things before I buy ... budget, opportunity and desire. Some days I just don't feel like coin shopping, others my coin funds are already gone. I love those times when all three "come together" :D
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CarlTromp's Avatar
Netherlands
309 Posts
 Posted 07/05/2005  06:57 am  Show Profile   Bookmark this reply Add CarlTromp to your friends list Get a Link to this Reply
Terry, keep up the faith, maybee someday you buy the good ticket ;-)

As type and year collector, I swap coins as well from my doubles lists, coins which are easy to get here, can be difficult to get somwhere else, when collectors can help eachother by swapping, most of the times both sides are happy at the end, and two collections have grown!

Greetings, Carl
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longnine009's Avatar
United States
1247 Posts
 Posted 07/06/2005  01:33 am  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
I buy what I like when I find it. I can't really plan that. I might go months without finding something and then I might buy a dozen pieces all at the same time just because they're available. This happened at the F.U.N show. I mostly like exonumia and it shows up when it feels like it.

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Daniel J. Goevert's Avatar
United States
157 Posts
 Posted 07/06/2005  12:48 pm  Show Profile   Bookmark this reply Add Daniel J. Goevert to your friends list Get a Link to this Reply
In the past, I've collected coins by series (e.g. Indian Head cents, Lincolns, etc.). Nothing too imaginative.

Now, I've stumbled onto a new approach, and I'm lovin' it!

Here's the scoop: My family will be building a new house very soon. In this house, I plan to have a nice office, and since I enjoy studying American history, my office is to be decorated in an historical theme. The centerpiece is a beautiful reproduced painting of Francis Scott Key observing the American flag at dawn at Fort McHenry in Sept 1814. All the furniture, accessories, walls, floor, etc. will be reminiscent of that era. I also will put on display a "loose change" box, filled with coins dated 1814 or earlier. Nowadays, the only coins I add to my collection are coins to go in this box. The challenge is to find clean, undamaged, circulated, affordable specimens that I can toss together to appear as "loose change". Copper coins, while affordable, are hard to find in attractive condition. Silver coins, while many are attractive, require alot of searching to find price bargains. Gold coins... well, we can forget that for now.

An added benefit is that my 9 and 11 year old daughters participate in the search. They are always looking forward to the next coin show. This is something we can all have fun doing together.

Anyway, that's how I'm adding to my collection these days.
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 07/06/2005  9:47 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Daniel, I love that approach! It's great that it's something you can do with your daughters too! I hope you will post pics of the room from time to time so that we can see how it comes together.
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Daniel J. Goevert's Avatar
United States
157 Posts
 Posted 07/06/2005  9:58 pm  Show Profile   Bookmark this reply Add Daniel J. Goevert to your friends list Get a Link to this Reply
Hi Susan,

I would be pleased to post photos of my office (presuming things turn out the way I hope). Now if I can just get started building the new house...
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