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 Replies: 14 / Views: 2,306 |
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New Member
United States
33 Posts |
Don't get me wrong, I love doing it, but does it have any value? For example, I took my grandson to a nickel arcade. I searched through the nickels we were given to play with ( I got $10.00 worth of nickels) I got a 1938,(2) 1958, and a 1940 something nickel. I was like a kid in a candy store...but is this sort of collecting worth anything?
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Valued Member
United States
53 Posts |
Things other than wealth appreciation can bring pleasure, as it apparently did. For those who are mostly concerned about wealth appreciation, coin collecting may not be for them.
Edited by scott7721
07/19/2018 3:18 pm
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Pillar of the Community
United States
509 Posts |
Well I have coins from 2018 clear back to the 1700's and after I retired sometimes when I want to do something like take a cruise through the Panama Canal or gold panning in Alaska I sell a coin so I use it as a fun hobby that doubles as a vacation savings account.
As for having value, I have never paid more than $50 for any coin but although they allow me to have fun I would never want to rely on their value holding.
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Bedrock of the Community
United States
94367 Posts |
 to the CCF! Edited by Coinfrog
07/19/2018 6:55 pm
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Rest in Peace
United States
17900 Posts |
Deciding on your own reason for collecting is your answer.
Pleasure, enjoyment, and just plain fun all qualify as great reasons.
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Pillar of the Community
Canada
5238 Posts |
Unless you are prepared to put a lot of time and effort into the hobby, probably you won't make a cent.
If you are wise, you can probably get a substantial portion of your money back. That is more than can be said of most forms of entertainment.
Pure entertainment gains no wealth. Look on collecting as a game. Just have fun.
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Pillar of the Community
United States
3402 Posts |
Get your grandson a Jefferson nickel album and let him start filling holes, learning to multiply (40x .05 = $2), establishing a routine (gramps will get him rolls to look through each week if his grades are kept up), learning history, etc. The nickels are cheap, the memories and bonding are priceless. KK |
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Rest in Peace
United States
233 Posts |
Work it out by the hour. How many dollars per hour do you spend on dinner-and-a-movie? How many dollars per hour do you spend when you put aside coins that you pulled from circulation?
As to nickels, back in the 1950s, my father would take my older brother and a roll of nickels to an art museum and, as they walked the galleries, the little boy got one nickel every time he correctly named the artist.
Cheers,
/s/ ikeyPikey
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Bedrock of the Community
13014 Posts |
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Don't get me wrong, I love doing it, but does it have any value? As mentioned the major value is in the joy it brings you which can often be more important than the market value of a coin. You literally can't go wrong getting anything at face value like that either. As far as future market value, most of the lower grade ones will likely be minimal gains. There is a good chance to see some gain for moderns as younger collectors and the future collectors don't have the bias against them that a lot of older collectors who remember coins being silver have. Somewhere down the line future generations or going to find out that a lot more of these moderns have been destroyed from being at the end of their circulation life than people realize. I wouldn't expect any of the circulated ones to gain significantly, but it's not unreasonable to think there could be minor increases across the board in the future. |
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New Member
 United States
33 Posts |
I know some people love to collect dimes, or a certain year, or something in particular. I love looking and sorting. I keep them by year, by birth years, mint mark, lower mint production, silver content... I mean I love it all. ..US modern coins that is. Sometimes I am convinced that every coin probably has something special about it. ...of course that isn't true, but I just love them.
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Valued Member
United States
424 Posts |
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I was like a kid in a candy store There's the answer to your question. You answered it yourself! And by the way....... |
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Bedrock of the Community
United States
20753 Posts |
Good point. Just stop now before you get hooked into collecting coins. This means more and more for me. Thank you if you do stop. I need so many more coins and the more collectors there are, my chances get less and less all the time.  |
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Pillar of the Community
United States
2200 Posts |
Coin collecting is not just about whether something has extra monetary value. I like common old coins just because they contain history. There's the worth.
Edited by jpsned
07/20/2018 09:30 am
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Pillar of the Community
United States
6130 Posts |
I compulsively keep all wheat cents and nickels from before about 1955. I know they are next to worthless, but they also cost next to nothing to keep.
Among other things, coin collecting was one of the things my grandfather and I bonded over. His collection was just an assortment of junk box finds and vacation money, but the memories are priceless.
Modern coins I suspect will never be worth what they could buy when issued. Things don't automatically get more valuable with age - just look at all the ancient coins that are so common that you can buy them for as little as 25-50 cents!
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Moderator
 United States
187702 Posts |
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Coin collecting is not just about whether something has extra monetary value. I like common old coins just because they contain history. There's the worth. Well said.  |
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Replies: 14 / Views: 2,306 |
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Posted 07/19/2018 3:37 pm
