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Good Bye Non Circulating Legal Tender

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Valued Member
falcon's Avatar
Canada
457 Posts
 Posted 05/09/2017  01:24 am  Show Profile   Bookmark this reply Add falcon to your friends list Get a Link to this Reply
One thing to keep in mind as you get out of one hobby or even cut back on it you will soon find yourself looking for something else to occupy your time.
Years ago I spent all my time and money on stock cars.
All I have left is memories, pictures and a lot of VERY expensive plastic trophies!
Then I got interested in expensive sports cars and motorcycles, memories and pictures galore but no trophies.
Lately I've been playing with side by sides, WOW talk about an expensive hobby!
30 to 40 grand for a top of the line buggy, worth about half a year later, super easy to blow up a $500.00 part every time you do something fun.... by fun I mean dumb ;)
I think the few grand a year I spend on coins is a waste of money and I keep thinking I should stop but it really is one of the least expensive hobbies out there, and there is always the possibility they may actually be worth something one day.
Do what you enjoy at the time and NEVER regret it.
Pillar of the Community
Canada
5324 Posts
 Posted 05/09/2017  02:25 am  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
You are correct enjoy your hobbies, I met a few really successful people who makes a vast fortune every day but they got into owning horses either show or racing and loses small fortunes in it, but they seem to like it. No matter how much money you have in the horse scenario, someone always has more to spend
Pillar of the Community
New1954's Avatar
Canada
1027 Posts
 Posted 05/09/2017  07:37 am  Show Profile   Bookmark this reply Add New1954 to your friends list Get a Link to this Reply
@falcon

Very well said. It is a hobby and I find it interesting that the biggest posters, on most topics on this forum, are stating that their spend in the past year will not be qualifying them for MC with the RCM for the next cycle. Are they still buying coins from other sources or are they completely backing off buying any coins? I would not be on this forum if I were not collecting coins. This is where I come to find out about others' opinions on new NCLT releases from RCM.

I really do need to unload a bit because they do not fit in with what I want to collect now. I will buy selectively this coming year and who knows what gems the RCM may produce that may make me a PP again for next year's cycle as I have already made PP for this cycle.

AND.you are right that there may always be the possibility that they may actually be worth something one day. Let us hope:))))))

So, for me, it is not bye bye NCLT for now.





Edited by New1954
05/09/2017 07:40 am
Valued Member
Canada
103 Posts
 Posted 05/10/2017  12:17 am  Show Profile   Bookmark this reply Add clvlys to your friends list Get a Link to this Reply
Agree with recent posts. I have always collected coins. Will continue to do so. But I consider the investment aspect in a portfolio way. I buy coins like I buy art. I have to like the coin to purchase but consider it purely a secondary, speculative part of my investment portfolio. If it pays off over the long term, great, but if not that's OK, at least I will get part of the investment back, or pass on to my children. Not that I don't consider investment aspects of a coin purchase especially if the coin is relatively expensive, but it is not my primary motivating factor in making the purchase. If I want to make a guaranteed return, there are many other ways in which I can and do invest my money.
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