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 Replies: 21 / Views: 3,937 |
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Valued Member
United States
77 Posts |
I'm a relatively young collector, and as such I find myself in the wretched budget constraint. I'm only 16, so I don't bring in much except a monthly allowance for chores and such, but even so I've managed to get my hands on several morgans, Shield nickels, wheats, indian heads, and silver eagle proofs (all are graded and around MS). I also managed to get my hands on a 1916 Barber dime graded MS 64 by PCGS for $340, my most expensive purchase as of yet. On top of that, I've had the luck of finding a 1912 Gold Quarter Eagle in a coin roll that graded MS 61 PCGS. My collection now exceeds my father's, who got me started on collecting. However, I know that going after an 1803 Dollar is quite a jump. A huge jump actually. Any suggestions from any collectors on how I can LEGALLY raise some money (without selling any of my beloved collection)? I've never even dared look into pieces that exceed $1000, but I'm willing to wait if it means getting the $$ for my dream coin. Thanks! EDIT: It's the coin in my avatar pic. Quite the beauty eh? Edited by small_fortune_
09/18/2014 10:05 pm
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New Member
United States
13 Posts |
The best way I have found to "raise money" is at a job working hard. You may already do that, but that's my best advice.
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Valued Member
 United States
77 Posts |
If only I could. school's way too demanding for a job of any kind until the summer. Perhaps I'll get a job at the local In n Out come May :|
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New Member
United States
13 Posts |
Best of luck to you, when I was your age I worked all summer to buy a deer hunting rifle. Don't forget to save some as well. My Grandfather always tried to get me to put half of my money away. Wish I would have taken that advice.
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Pillar of the Community
United States
1903 Posts |
Found a quarter eagle in a coin roll? What sort of coin roll are you talking?
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Valued Member
United States
77 Posts |
unholyroller they weere some rolls that my dad had collecting dust in our attic. The roll paper itself was worn so that the print wasn't legible. We only discovered them among my grandfather's hoard of junk a couple years ago and never bothered to go through them. The rolls themselves were very old; I found some Shield nickels, Buffalo nickels, Barber dimes, mercuries, silver roosevelts, and some indian heads. Granted they were worn, but still cool. not as cool as the gold quarter eagle of course. I actually posted a picture of the graded coin long ago. Not sure if you can somehow find it through my profile. Edited by small_fortune_
09/19/2014 01:22 am
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Pillar of the Community
United States
1158 Posts |
It's hard for me in my 30s and even harder at 16, but the simplest way to get what you want is to have patience. There's really no benefit in rushing, anyway. Work, save, dream and one day you'll get it.
Edited by tkbslc
09/19/2014 02:58 am
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Valued Member
440 Posts |
tkbsic hit the nail on the head. As a coin collector at age 16 you are way ahead of the crowd. Concentrate on your education, strive for a good paying job, and have patience. Avoid the pitfalls of instant gratification. In the meantime I would study the coins you are interested in in great depth; then you can make a great buy when you are ready to pull the trigger. Even though it may take years, when you do accomplish this it will have been worthwhile.
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Valued Member
United States
457 Posts |
I'm a bit in the same situation as you. I'm turning 14 in November. Although, I've decided to keep coins on the back burner for now. Next summer, I'm going to get a young worker's permit (think that's what it is called), and work at the local winery bussing tables. My brother has been working there for the past 2 years, and we're really good friends with the owners, so I ought to get the job. Most of that money is going to go for my coins though. So enough yapping about me, lets get to what I'd do in your situation.
Like people said above, patience is key. Try not to buy or spend any of your money while saving up or that coin. The only way to get it quicker is to get a job, or sell some items(not necessarily from your collection).
Mark
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Pillar of the Community
United States
1512 Posts |
I wonder if you could find a local dealer that would be willing to work out a sort of really long term layaway plan, allowing you to pay a fixed amount per week, say $20.00, but pay more when you could (like, when you come into birthday or Christmas money or when you started a summer job)? You may have to be flexible on pricing(pay a slight premium), since the dealer would be tying up resources for an undetermined amount of time. I think you might have luck, most dealers want to help young numismatists, I think.
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Pillar of the Community
United States
1370 Posts |
 I have a dealer that will hold stuff on layaway and he doesn't even charge a premium for that |
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Pillar of the Community
United States
7840 Posts |
I have put coins on "lay-a-way" before.
May I ask why the year 1803 for a Draped Bust Dollar?
Edited by oih82w8
09/19/2014 2:01 pm
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Valued Member
United States
291 Posts |
How much is an 1803 dollar and what grade you desire?
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Pillar of the Community
United States
506 Posts |
Ah! A fellow young collector! (I'm 15) Maybe you can ask your dad if you want to share the coin? You could also try taking out a "loan" from your parents. Maybe you could ask your parents for a raise in allowance and/or do more chores.
Totally separate from parents, try asking yourself "which do I value more at the moment, the 1803 or my other coins?" Maybe there are a few coins that have very little sentimental value than the others. If you really want this coin, you might need to make some sacrifices.
If you really don't want to tell your other coins, you can try finding a job and just be patient, save the money, and you will eventually hit your goal.
Edited by coinlover168
09/20/2014 12:23 am
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Valued Member
United States
77 Posts |
oih82w8 I guess I would prefer the year 1803 since it is right before the famous 1804 draped bust. Beyond that, I guess I'm not too sure? Maybe if other years are cheaper but have the same beautiful design, I'd be willing to change the year. usc96 the 1803 draped bust is quite expensive for a junior in high school. In the XF range they can cost anywhere from $900-$1300. I can settle with a VF or F, but they would still be in the $700-$900 range, still extremely expensive for a 16 year old. My parents were in shock when I told them about buying the Barber dime for $340, but this will drop them on the spot. Thanks for all the ideas! I will set out to save some $ from any money I bring in. We'll see how it works out. Stay tuned :) |
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Pillar of the Community
United States
2540 Posts |
easy, just write to China, and order one
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Replies: 21 / Views: 3,937 |
Posted 09/18/2014 10:20 pm
