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 Replies: 40 / Views: 5,485 |
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Pillar of the Community
United States
1795 Posts |
I also should have add all of the above as well.
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Pillar of the Community
1325 Posts |
One thing I always liked about coins was getting them. Wasn't allowed bills as that was too much money for a kid at that time, so I would keep bicentennial quarters, all SBAs, and halves. Had a grand total of $60 in halves until last year when I learned from here you could get boxes of coins through the bank and have since done 7 boxes of halves, and countless rolls.
I always had a goal to get one of every coin that has been around as long as me. Now I have much more than I started and still have this thing for bicentennials. Not sure if it is Independence Hall itself, but I have nearly a box worth of bicentennial halves that I will soon need to get rid of before I can get more coins.
Wheats I always liked. Just the big ONE CENT on it makes it look more like money for some reason. Hardly ever find silver certificates save for the $1 and $5 that I have, and like $2 bills, but haven't bothered to try to get any in a while. Might need to do that and replace a few of the worn ones I have with better condition ones and spend the worn ones, just because it confuses cashiers.
Foreign coins are like finding treasure. Canadian was obviously the first, but getting things like millim, rappen, and the like lets me get a look at other coin designs and finding out what the coin is too.
Not sure if I am a numismatist or not per say because I am just me whatever that may be, but I do like learning some things about the coins I find and other trivial things about anything that I have an interest in.
the things I hoard are just because I like them: silver coins, wheats, bicentennials.
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Pillar of the Community
United States
500 Posts |
I guess I'm a little of all three.
I've recently started work on a few albums, including my 7070 (still can't find a new page 4 or a page 6).
Having a $25 box of pennies 4/5 of the way full of wheats, I guess I have to admit I'm hoarding them. The same has to be said for the jars of Canadian coins.
And of course, I have a mason jar that I toss all my silver into when I find it, keeping track of the value every time I find a new one, so I have my little chunk of PM investment. Not that 18 ounces is much in the big picture, but working minimum wage at a filling station, I can't afford much more than just what I find.
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Pillar of the Community
2087 Posts |
I started as an investor in PM. I developed into a collector...and then progressed to becoming a student of numismatics. I will pay more than a PM investor for a coin that has/tells a unique story. I will pay less than a collector for a coin that is regarded as rare but has no story. In the world of collecting money I believe the following applies:
Numismatists' are akin to specialized economic historians. The story is more important than the perceived market value.
Collectors tend to follow numismatists. They, as a group, tend to collect what is fashionable and acceptable. TPGs follow Collectors.
Hoarders like everything; story or not. Investors are collectors/ numismatists who cherry pick the cream of the coin world/ My base line assumption is that the minimum price for an investment grade coin is US$10,000
Edited by austrokiwi
04/06/2014 07:19 am
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Moderator
 United States
189053 Posts |
Collector? Yes. Hoarder? Maybe. I cannot seem to rid myself of bronze cents or nickels. Investor? No. At least not one who invests in coins.  |
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Valued Member
United States
337 Posts |
I'm a collector. Like some others on this forum, I buy only coins I enjoy and typically only one of each for a collection. For fun, I pick up half dollars several rolls at a time and $2.00 bills in bulk to spend as I travel. It's amazing how much these 'odd' currencies get people smiling when I hand them over as payment.
Keep your collecting fun!
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New Member
United Kingdom
11 Posts |
I started as an investor, by selling most of my record collection and instead buying UK and British Colonial .50 and .925 silver coins. Mostly because the records took up a lot of space and I wanted something that would retain value but would take up hardly any space.
Though I had no intention to, from that I have turned into a collector and found a whole world of intellectual interest that was unknown to me before, I never thought coin collecting could be so interesting, it is not only the attractiveness of the physical coin itself, but it's historical context and even things like changing metal composition.
Edited by ro5
04/07/2014 7:51 pm
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Valued Member
United States
355 Posts |
I Consider myself all three...I started out investing in PM...this got me interested in the coins...I started hoarding the ones that stood out to me...that morphed into a collector with specific goals...and that just progressed into becoming a nunistmatist. I'm sure its different for all.
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Pillar of the Community
United States
3253 Posts |
Guess I have to say...
None of the above.
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Valued Member
United States
116 Posts |
A hoarder and collector and I've convinced my wife that we're "investing" to justify all the money I spend. Right now I'm between collections, not sure what set I want to start on next but if I find a good deal on a silver coin, I can't resist it. I'm always upgrading when I can but I can't bring myself to sell the lower grade coins I replace which I guess classifies me as a hoarder.
When ever I hold an old silver coin, I can't help but wonder how many other hands it's been in, how many different tills it's been through and I like to look up the history from the particular year it was minted.
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Valued Member
Ireland
131 Posts |
I guess all three in a way ...
Like many, many households I hoard our change but purely because it's easier to only carry notes rather than any specific monetary reason.
I invested in PM's at the turn of the century when they were still affordable (to me) and although I later sold some during the big run-up I still have some that are duplicates and will be sold as and when I see fit.
I collect coins although I do not do 'sets' - the only one I even considered was sovereigns but the run in PM prices quickly dashed any hopes of ever achieving that. I collect coins that hold a fascination for me, whether that be in the design, the history or some form of 'uniqueness' in the coin itself. My collection contains far more coins worth very little than those with any meaningful intrinsic value so it is definately not an investment but a collection.
Norm
Edited by Spikey Norman
04/08/2014 06:22 am
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Valued Member
United States
109 Posts |
Not exactly sure where I would fit. About a year & 1/2 ago I was in a pawn shop looking for some electronics. While I was talking to the guy he told me he would sell me some silver at spot price. I had some gold jewelry but nothing silver so I decided to buy some. Included in the pile of silver were 8 Peace dollars. Fast forward 13 months & I decided I should take pictures of my gold/silver. (I have been working on a Wallace Baroque silverware set for a few years.) SO out it all went on the bed for picture taking when I really looked at the silver dollars. Not exactly sure why, but I decided to carry one around with me. (Probably because one can't exactly carry a silver fork around & I don't often wear my gold stuff.) A little while later I discovered a gold/silver shop near my house & when I saw the silver bullion I have to admit I got a little silver lust. . . so much nicer than the silver dollar I had been carrying around! Researching the difference between bullion & ASE lead me to the us mint webpage where I saw the ATB 5 oz quarters. The remind me of the large penny (Yes, to me they are pennies) that my father used to keep at the entrance of our house. I knew I had to try & complete a collection of these. Comparing mint prices to ebay prices showed me that people will pay more than mint prices for coins, so I started doing this to help pay for my ATB coins. (Those suckers, esp the 2012, are going to be expensive.) So.... in short I guess I am all three. Not sure how long I will continue doing this, but I am certainly enjoying the learning process Edited by Southern92
04/09/2014 06:13 am
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Valued Member
United States
134 Posts |
Apart from hoarding copper cents, I am a collector and numismatist. I like my coins and enjoy studying and learning from them. If they appreciate in value over time, all the better. However, investment is not my motivation.
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Pillar of the Community
United States
2815 Posts |
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Moderator
United States
189053 Posts |
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Replies: 40 / Views: 5,485 |
First Page
Posted 04/06/2014 12:17 am
