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Collection Questions

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Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 10/04/2008  7:20 pm Show Profile   Bookmark this topic Add snitchard to your friends list Get a Link to this Message Number of Subscribers
Hello,

I just bought my first Proof Set today. I bought the 1979 Type 1 Proof Set. I also wrote a spreadsheet to track my collection. Someone asked me "What do you do with your collection?" I told them right now I have it put away and they said "where is the fun in that?" I like looking at the coins in good light with a magnifying glass.

So, my question is what do others do with their collections?

Can I display my collection or parts of it once it grows?

"Coin Collecting for Dummies" says to not even mention my collection in public, but my collection isn't worth thousands of dollars and I'm proud of it. Any advice is appreciated.

Thanks,
Rich
Valued Member
Haykalmdownfella's Avatar
United States
60 Posts
 Posted 10/04/2008  7:36 pm  Show Profile   Bookmark this reply Add Haykalmdownfella to your friends list Get a Link to this Reply
I'd show it off it's pretty cool I've never met anybody that didnt like looking at old coins
Valued Member
soldier4Christ's Avatar
United States
419 Posts
 Posted 10/04/2008  11:33 pm  Show Profile   Bookmark this reply Add soldier4Christ to your friends list Get a Link to this Reply
I only show it off to peoople I trust and when I am not showing it off I keep it locked away in a safe place.
Pillar of the Community
United States
588 Posts
 Posted 10/04/2008  11:39 pm  Show Profile   Bookmark this reply Add Podoprigora to your friends list Get a Link to this Reply
I'm 15 when I say I collect coins everyone in my class starts to scream and laugh at me. I like to show my coin to my mom and sist. I also like to post some of them. And I also like to look at them at the magnifying glass. And just like you I'm very proud of them.
Pillar of the Community
Australia
1040 Posts
 Posted 10/05/2008  01:35 am  Show Profile   Bookmark this reply Add latman100 to your friends list Get a Link to this Reply
There is absolutely nothing wrong with displaying your collection. It is yours and you can do whatever you want with it. My advice would be not to let too many people know that you collect coins. It doesn't matter if you collection is worth no more than face value, if the wrong person hears you have a collection, you wont have a collection anymore. And believe me, it isn't so much losing your collection that will hurt, it is the fact that some stranger has come into your house and violated your property. I actually moved house once because I was broken into and the place didn't feel the same anymore.

Now, to your question. I display my loose coins in folders. I put them into 2x2s and put them into plastic pages so I can look at them whenever I want. "Packaged" coins, like proof sets etc I keep in a special cabinet that I can just take them out of and look at. Once, I used to have a display cabinet with a glass top that I could put different coin displays in. I would put bullion coins in one month, proofs another and so on.
As my collection has grown and become more valuable, a lot of my coins are in a safety deposit box, which makes it hard to appreciate them, but keeping the more common coins at home allows me to see and enjoy my hobby.
Edited by latman100
10/05/2008 01:36 am
Pillar of the Community
EgCollector's Avatar
Egypt
3470 Posts
 Posted 10/05/2008  08:11 am  Show Profile   Bookmark this reply Add EgCollector to your friends list Get a Link to this Reply

Quote:
I'm 15 when I say I collect coins everyone in my class starts to scream and laugh at me.


I am 35 and some of my friends still laugh when they know I am still into coin collecting, but I have many others who brings me coins from their travel and others who ask me about the value of their coins.

I am sure that your friends have some hobbies that you will laugh at and most probably they don't have the courage to say it.
Valued Member
CoyoteMoss's Avatar
United States
116 Posts
 Posted 10/05/2008  08:36 am  Show Profile   Bookmark this reply Add CoyoteMoss to your friends list Get a Link to this Reply
I just collect them and store them. Just don't show to people or let others know I have them. Mainly because, I may be able to trust some people, but can I trust the ones they may tell a week from now.
To me that is one of the real down-sides to the hobby. Especially if I take several hundred dollars, go to a coin show and purchase coins to fill gaps in my collection. Then I come home and take them out of the 2x2's, examine them, put them back in 2x2 toss them under the matris. It's almost like I have nothing to show for the money spent but a fun day at the coin show.
Here is a suggestion that has made things much more fun and enjoyable for me in the past. Join a Coin Club if you have one in your area. Even if you have to drive a long ways to get to it, they generally only meet once a month. You'll be able to see different coins, learn a lot and maybe show some of the coins you've had hidden away for years. Plus when you show them something, it will be to someone who has a real interest and not to someone who looks at it and says, "Oh that's nice how much is it worth".
Pillar of the Community
nuggethill's Avatar
Australia
1015 Posts
 Posted 10/05/2008  5:29 pm  Show Profile   Bookmark this reply Add nuggethill to your friends list Get a Link to this Reply
G'Day all I'll start out by saying I work night shift when most coin clubs meet that's why I'm online and like Latman100 I display my coins in a show case gold coin,gold nuggets,gold bars with Japanese gold inlay tzubas on the top shelf second shelf devoted to slabbed and raw U.S.and Canadian coins and notes third shelf Commonwealth coins and note from any commonwealth country and the last shelf devoted to loose gems and the like,my albums are at my fingertips in a library beside me and I work with other coin collectors,my house has security shutters and 24 hour monitoring which allows me to enjoy my collections regards
Bedrock of the Community
United States
20753 Posts
 Posted 10/05/2008  6:53 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Such questions are depending on where you live, who you know, how many you may tell and lots of other things.
First of all when in college if you take a course in phycology there is a first term test in most colleges. It is to show you the attention span of people and their ability to remember facts. 10 people stand in a circle. The professor tells a very short story to one and it is then repeated to the next and then to the next. The story is whispered so the next one doesn't know what it is. At the end the last person says this out loud. It usually has nothing to do with the original
By all that I mean if you tell someone you have $10 in coins, they will tell someone you have $100 and they will tell someone you have $1,000, etc. Eventually someone will hear about all your millions and you will end up with a home invasion. People are just people and if what they hear is not interesting, they will try to make it interesting.
As to those that laugh at you for collecting coins, people used to laugh at the Right Brothers, Albert Einstien was a idiot in school, Edison was a laughing stock and I'm sure Bill Gates was also nothing at one time. However, just don't bother to discuss subjects with people that know nothing of what your talking about. It is truelly a waste of time. I've tried to explain to people about Nuclear Power Stations since I helped design them. Most look at me as if I'm radioactive.
My suggestion is to continue collecting coins, stamps, fishing poles, rocks or anything else you want and just appreciate your hobbies yourself. Way to many morons out there to try to impress.
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Metalman's Avatar
United States
7123 Posts
 Posted 10/05/2008  7:24 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
alot of wisdom in carls post !

great post carl !

this is a tough subject because its human nature to want to share interests with other people , coins are perhaps the biggest exception to the rule .

share them on a coin by coin basis with other collectors always being aware of the temptations that they impose in the minds of some people , and forget about showing them to those who don't collect although its sometimes appropriate to talk a little about collecting just in case there is a collector inside one of them trying to get out !
Bedrock of the Community
BadThad's Avatar
United States
19930 Posts
 Posted 10/05/2008  10:26 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Another praise for Carl, great post.


Quote:
I'm 15 when I say I collect coins everyone in my class starts to scream and laugh at me. I like to show my coin to my mom and sist. I also like to post some of them. And I also like to look at them at the magnifying glass. And just like you I'm very proud of them.


Let them laugh, you do what you enjoy and don't let anyone tell you different. In 30-40 years, when your collection is worth thousands, you'll be the one laughing!
Lincoln Cent Lover!
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Valued Member
Madmartigan's Avatar
United States
264 Posts
 Posted 10/06/2008  10:55 am  Show Profile   Bookmark this reply Add Madmartigan to your friends list Get a Link to this Reply
Let your fellow students and such laugh. I collected baseball cards, comics, and coins when I was in middile & high school. Guess which of my 3 collections are worth more today?

As for sharing your collection find fellow collectors and such. In today's era it's just not good to advertise or such about a collection. To many people out looking for a quick and easy buck and don't want to work for it. I mostly only share my US collection with family. My world collection I show to friends and such. Even sent a sample of world coins to one of my childerens class for geography. Unless it's gold or silver most would-be criminals wouldn't have a clue what world coins are worth or where to fence them. Not as much demand as US coins.
Rest in Peace
pls's Avatar
United States
1729 Posts
 Posted 10/06/2008  12:18 pm  Show Profile   Bookmark this reply Add pls to your friends list Get a Link to this Reply
I had to chuckle at justcarl's story about the experience in psychology class. I remember well playing that "game" in first grade; we called it "Telephone", and it had the same result as in jc's psychology class.

Later in 8th grade, I learned a hard lesson about telling my schoolmates too much about my cent collection, which I brought to school to show another classmate who also collected coins. I don't know if the room was locked or not when off we went to recess, but when I returned, I found that the 1913-S cent, the most valuable one at the time, was missing.

People laugh at me when I tell them that I collect radio station coffee mugs. By the time I list all the other things that I collect (my basement is a computer museum, my second floor a library) and get around to telling them about my coins, their eyes are glazed over (mine get that way when I have to hear about someone's collection of plastic artifacts, and when I go to garage sales I see so much plastic junk that I just want to load it all into a recycling bin).

I'm definitely a low-brow collector; I like bronze coins better than silver, and I have absolutely no gold coins and only a few silver type coins, but I'd still feel violated if my collection suddenly disappeared, so I don't tell many people that I don't know extremely well about my coins.
Bedrock of the Community
United States
20753 Posts
 Posted 10/06/2008  1:20 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
AND note there are numerous other types of collections you may not want to spead the word about. Again, pending on where you live, mentioning your a gun collector or knife/sword collector may not be to wise. When leaving a gun show watch carefully your not followed. Same at any coin shows. Antique or just Silver Ware items also are no longer a thing to brag about. If your garage is full of tools, you may want to make sure your not in the habit of leaving the large door open if people can see what is inside.
Old saying: The walls have ears and the windows have eyes.
We are ever growing into a society of non trust and for good reasons if you read the ever growing crime reports.
Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 10/06/2008  1:30 pm  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
Hello,

WOW, this is awesome, I'm thinking I can look at and enjoy my collection with other collectors or maybe my wife but not "Advertise" it. Unfortunately there are no coin clubs in my area but a lot of coin shows, which is awesome.

Thanks,
Rich
New Member
MUDPUPPY772's Avatar
United States
22 Posts
 Posted 10/07/2008  12:11 am  Show Profile   Bookmark this reply Add MUDPUPPY772 to your friends list Get a Link to this Reply
I'm 38 and I get a kick out of the giggles I receive from family when I show them my ms70 silver eagle collection (only need three more to complete) they also laugh at me because my mom left me her doll collection, don't ask me about dolls, all I know is that they are worth alot. so all I can say is let them laugh
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