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Coin Collecting UPS And Downs

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Author Previous TopicReplies: 7 / Views: 1,495Next Topic  
Pillar of the Community
TheForce's Avatar
United States
4868 Posts
 Posted 02/17/2005  10:14 am Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message Number of Subscribers
Hmm...well I been in one of those cool down phases when it comes to coins. Sometimes I really get into it then it just goes to a point where I lose intrest for a while. Then later I get back into it. I'm not sure why this happens. Lately I haven't been buying any coins but I have sold a few on ebay. I really went crazy last year and bought so many coins which were mostly impulse buys. Sometimes it is hard to focus on a particular coin series and I tended to buy into many at once and get in over my head. It was like I gotta have this, I gotta have that.

David
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 02/17/2005  10:17 am  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
We were discussing in another thread how coin collectors all seem to have a little obsessive-compulsive behavior. Welcome to the club!!
Pillar of the Community
United States
2724 Posts
 Posted 02/17/2005  11:14 am  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
Maybe you should stop thinking about what to buy, and just enjoy the thrill of the hunt. When a collector tells me that they are interested in completing a series, I ask about upgrades? All do this or expect to. Here is the best advice that I can give.

THE POINT OF A JOURNEY IS NOT TO ARRIVE.

Buy coins that appeal to you for whatever reason that may be. I hear too often " I am selling off my duplicates". What duplicates? No two coins are alike. Buy coins that call out to you. Susan recently showed us a Three Cent Silver coin that by her own admission she paid too much for. Yet this coin for its "study" time is priceless. I have bought and sold coins with populations in the single digits, and some of the finest coins in the country, yet in 2004, I spent more time studying an 1846 AU Large Cent than any of them. (Many may remember this coin from the last board). This coin is still in my posession today, simply because I am still not satisfied in the diagnostic agreements of the experts in the field.
Coins can touch us in a special way. Coins are more than their simple purchasing power, or the value assigned to them. When I look back, it was a very worn Two Cent coin that brought me to the place that I am today.
Each person must collect what appeals to them if they are to enjoy the hobby. Don't let anyone or anything dictate what your collection becomes. It is your expression of yourself.
Rest in Peace
catman's Avatar
United States
954 Posts
 Posted 02/18/2005  09:43 am  Show Profile   Bookmark this reply Add catman to your friends list Get a Link to this Reply
I have to agree Susan. They call me the Monk of coin collecting..

catman
Pillar of the Community
Metalman's Avatar
United States
7123 Posts
 Posted 02/18/2005  11:23 am  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
ND says its an expression of yourself !


Please tell me its not so !!!!!

Im in Big trouble !

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Pillar of the Community
Kyra's Avatar
United States
867 Posts
 Posted 02/19/2005  4:04 pm  Show Profile   Bookmark this reply Add Kyra to your friends list Get a Link to this Reply
Don't worry David- you're in good company. My whole collection is "gotta have this, gotta have that"! I come by it honest, Dad's the same way...

Rachel [:p]
Valued Member
zakgold's Avatar
United States
382 Posts
 Posted 02/19/2005  5:16 pm  Show Profile   Bookmark this reply Add zakgold to your friends list Get a Link to this Reply
I promised myself to spend on quality and not commons as commons will always be there because they are...common.

With that said, it is hard to walk awy from coins that can upgrade the collection as I focus my resources on certain coins. I practiced that at the 2005 FUN show in Florida as after 6 hours, I purchased 4 coins...all beauties, but the first time I was at the show years ago, I was always looking in the dealer "50% Off" box.

Got myself a bunch of commons, but should have bought the 1922 Plain Strong Reverse Lincoln PCGS EF40 then because that same coin is now twice as much as what I could have bought it for!

So that is part of the ups and downs..."ups" when you get a high grade key coin and "down" when you buy coins that don't even make it to your main collection...just to satisfy the "got to have it" mentality of collecting.
Edited by zakgold
02/19/2005 5:19 pm
Pillar of the Community
longnine009's Avatar
United States
1247 Posts
 Posted 02/20/2005  6:59 pm  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
As coin collectors I think the Internet is our greatest friend and our greatest enemy. We can pretty much shop the world 24/7 for what we want. But that also becomes a down side when there is only some much time to spend actually studying and enjoying what we buy. This wasn't so much a problem in the past when we made a once a month visit to a coin show. There was a whole month to have fun we what we bought before the next show.

I have a small Tupperware dish I use for temporary storage. When it gets a bit tough to put the lid on it's "no mas." Not until I've had my fill with what I already have. The beauty with this is that I'm still going cheat and take a peek on ebay but I also won't bid on anything unless it *really* is something I want and not just something to buy because there is nothing else. Since the F.U.N show last month I only made one trip to ebay, this week and made 2 bids that I was out bid on and a third that will probably get snipered. But it's okay because I still have lots to look at and learn about from the F.U.N show. So, even when I cheat I'm only bidding on what I really need and even still, I don't over bid--it's works great!

There's too much capacity to *accumulate.* If we don't "stop to smell the roses" maybe we should ask ourselves what's the point?

Let's see now "obcessive-compulsive behaviour." 500 Lincoln Cent BIEs. "Obcessive-compulsive behaviour.." Nah, not me.

Edited by longnine009
02/20/2005 7:07 pm
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