| Author |
Replies: 14 / Views: 2,614 |
|
|
Valued Member
Australia
73 Posts |
Since I am the on doing it ; it must be something I like, something I can enjoy.
Something small , portable and permanent.
Safe and conveniently available.
affordable with interest potential for others.
potential to remain in demand or solid chance to either retain its value or likely increase.
BUT how do you justify the end decision ?
especially with a huge range of things to troll through ?
i collect coins.
i like perfect things so slabs are my goto.
scarce but not rare so proof seventy grade.
if I am going to work and sacrifice myself it has to be pure gold.
so now the range of choices is much more focused and manageable and not all "over the place "; but not a 'niche' either.
niches are great if your so passionate about that one thing you become an expert in it maybe get good returns.
by this solid / rigid set of uncompromising rules it lets me decide that exchanging my labor at work is worth the end result in getting paid in money ; not fiat currency.
LoL ; I like my job and would do it as a part time hobby but I need money :)
my strict collecting focus lets me afford a 1/4 ounce every 3 weeks.
so no hardships, no feeling down that I compromised.
happiness that for an average joe I truly own some of the nicest things in the whole world :)
and that adds to my enjoyment and self esteem . . .
AND
guess what I do next ? ? ?
RINSE AND REPEAT ! ! !
thanks...
|
|
|
|
Bedrock of the Community
United States
19155 Posts |
A hobby is a very personal thing. Whatever brings you joy in coin collecting--do it
|
|
Moderator
 United States
56855 Posts |
Quote: BUT how do you justify the end decision ? If it makes you happy. John1 
|
|
Moderator
 United States
188440 Posts |
Quote: A hobby is a very personal thing. Whatever brings you joy in coin collecting--do it Quote: If it makes you happy. 
|
|
Pillar of the Community
Canada
557 Posts |
"justify"? To whom? You shouldn't have to justify to anyone why you have a hobby or how you approach it. If it's justification to yourself, well, you seem to have covered that one off.
|
|
Pillar of the Community
United States
4868 Posts |
I am a collector of Canadian coins in the USA. I actually enjoy them more than modern US coinage.
|
|
Pillar of the Community
United States
2232 Posts |
To each their own, people collect what they like. I live in USA. Most of my modern coins/bullion are USA, but I've bought some coins from Canada, Mexico, Britain, Austria, France, Italy, Australia, South Africa and ancient coins too, Roman, Greek, Jewish. As with any hobby/collectable, it's wise to stay within a budget, shop around to find the best prices, be careful of fakes. Collectors shouldn't have to justify to themselves or anybody (except maybe a wife  ). Most if not all collectors have sometimes regretted buying a certain coin, maybe changed their mind or learned they paid too much. It's just the way collecting goes.
Edited by livingwater 12/09/2022 8:49 pm
|
|
Pillar of the Community
United States
3343 Posts |
My justification is that it's a hedge. I use that to temper my impulse in buying. It seldom works, but afterwards the hedge in a little bigger.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
|
|
Pillar of the Community
United States
570 Posts |
If you are expecting a return on your money and/or a profit, you have to consider you're investing not exclusively just collecting.
|
|
Moderator
 United States
188440 Posts |
Quote: "justify"? To whom? You shouldn't have to justify to anyone why you have a hobby or how you approach it. 
|
|
Pillar of the Community
United States
570 Posts |
Justify to himself. There are a few coins I like but can't justify buying them when I take into consideration their potential future value and opportunity cost.
|
|
Pillar of the Community
United States
533 Posts |
Considering there is a toaster collectors group a stapler collectors group and a typewriter collectors group then any coin seems sensible to me
|
|
Valued Member
Canada
66 Posts |
I'm in Canada and collect mostly US coins we do what we love that's what makes us happy
|
|
Moderator
 United States
188440 Posts |
Quote: I'm in Canada and collect mostly US coins we do what we love that's what makes us happy  to the Community, ED silver!
|
|
Valued Member
Canada
66 Posts |
|
| |
Replies: 14 / Views: 2,614 |
|