| Author |
 Replies: 39 / Views: 4,780 |
|
Pillar of the Community
United States
3843 Posts |
Personally browsing around CCF is my numismatic entertainment during these times. At any given time there are many interesting discussions taking place and a lot of fantastic coins being posted by other members.
Your thoughts? What do you do when your numismatic spending money runs dry? Edited by Joe2007
07/12/2015 11:31 am
|
|
|
|
Pillar of the Community
United States
4085 Posts |
There's always a little trading that can be done; especially if you are interested in trading US circulating coins for non-US. One of the really neat things about CCF is the wide range of countries represented.
It's also a good time to do a little organization of your collection and maybe decide what comes next when the budget goes into the black.
Finally, there's always copper and nice clad coins to be harvested from circulation.
|
|
Rest in Peace
United States
17900 Posts |
If you don't already have an inventory of what you own, it's a great time to work on that. If you are unsure about the grade, this forum offers very specific and well experienced opinions that will help you with that key element.
Don't forget to list what you paid and when you bought the items, too. You'll want to work out a code so only you know what the coin cost you. But by doing so you learn much more quickly what is a good price and what isn't for similar coins. If you keep the invoice for coins that you purchase, which is certainly recommended, you can also list the date purchased as well as the purchase price. Then keep your invoices in chronological order. If for any reason you ever need to prove what you paid or who and when you bought the coins, it only takes seconds to have that information available.
Once you know exactly what you have, you can:
Know for certain what to buy without duplicating what you have.
Have a better idea of what coins you still need to complete sets or runs.
Offers a much more precise estimate of the value of the collection.
Proves ownership when linked to chronological invoice book.
A necessary tool if you ever decide to insure your collection.
Lets you know exactly what you have if you keep your coins somewhere besides where you live - like a safe deposit box.
Just remember, if there is one and only one thing that separates a collector from an accumulator is that the collector has a list of the coins they have and an accumulator just "remembers".
|
|
Pillar of the Community
Sweden
1078 Posts |
Quote:
One of the really neat things about CCF is the wide range of countries represented. I can approve of that.  When my budget is in the red - I sell. Mostly not silver, but bulks of common coins long demonetized. Any foreign legal tender and uninteresting notes or coins get sold. Then again, I collect mostly quantity with some quality pieces stuffed away. Anything I've lost interest in goes, basically. |
|
New Member
United States
17 Posts |
That's easy. There are so many things you can do. As a kid I would run out of money pretty fast, because I only wanted the best. So, I'd organize my coins alphabetically, grade them (if they weren't already), count them, and so on. Metal detecting is also fun, and you'd be amazed at what you can find out there. I also used to offer to take my relatives' coin jars to the bank and get cash for them, and bring them back for free. (I'd dig out the wheats, silver, etc and replace them with unimportant coins).
|
|
Pillar of the Community
United States
2543 Posts |
If you can afford it buy some cheap used folders. You can usually get them for a dollar or two. When my funds are allocated other places, new car, home improvements, college tuition, I collect out of my change. Collect shield cents, LMC, LWC. This is when I started my Jefferson nickel from circulation collection, in old blue Whitman folders I got for $0.25 each at my LCS. I also have a complete P&D State Quarter set and an up to date ATB Quarter set, all from the monthly change jar. Didn't cost me anything but face. It's fun, it's interesting and who knows, in a hundred years when everyone is using virtual credits, an album of MS shield cents might be worth 100 or 200 virtual credits to your grandchildren. Quote:
Just remember, if there is one and only one thing that separates a collector from an accumulator is that the collector has a list of the coins they have and an accumulator just "remembers". Wow ...... and for all these decades I thought I was a collector. Turns out just because I have albums and albums of sets but never wrote anything down, I am just an accumulator.  Edited by denco7
07/12/2015 1:07 pm
|
|
Rest in Peace
United States
18456 Posts |
that happens to me quite often. so I buy coin magazines and read, or go on CCF and read or respond to threads from other members. but I have to admit, buying coins is an addiction with me. Funds run out real fast.  |
|
Valued Member
United States
258 Posts |
When my funds are low I work on my grading skills, go through my change jar, read my Red Book, check my want/need lists, watch ebay auctions to see the current market, and post more on CCF  |
|
Pillar of the Community
Canada
2805 Posts |
What I do is I go dig through my collection because it's already too big - quite often I'll find something that I forgot I had, which is almost as good as buying something new. My goal is for my collection to be large enough that I can forget it and rediscover it at exactly the same rate.
|
|
Moderator
 United States
56855 Posts |
CRH cents  John1  |
|
Pillar of the Community
United States
589 Posts |
Quote:
What do you do when your numismatic spending money runs dry? 1. Start spending my wife's money. 2. Look for loose change every where in the house. 3. Ask money from my 86 year old mother. 4. Beg without other noticing me.  |
|
Pillar of the Community
 United States
5828 Posts |
I barely have any money, what with being too young to work LOL. I get $5 in allowance each week, and I use that to buy coins when I can and CRH cents.
|
|
Valued Member
United States
215 Posts |
Edited by Buymyemu
07/12/2015 5:20 pm
|
|
Bedrock of the Community
United States
20753 Posts |
Quote:
What do you do when your numismatic spending money runs dry? There is always robbery. And you could meet a real lot of other coin collectors in prison. |
|
Pillar of the Community
United States
7390 Posts |
All you gotta do is get a piece of cardboard, a sharpie, some dirty laundry you haven't washed in a while, and most importantly... A freeway exit ramp  With this method not only do you get coins to check but money to buy more  Edited by Cascade
07/12/2015 5:37 pm
|
|
Bedrock of the Community
United States
94367 Posts |
Shoplifting is also an option if you're careful. |
| |
Replies: 39 / Views: 4,780 |
Posted 07/12/2015 12:01 pm
