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Coin Collecting Strategy

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United States
392 Posts
 Posted 12/22/2023  07:42 am Show Profile   Bookmark this topic Add Parnelli917 to your friends list Get a Link to this Message Number of Subscribers
I sometimes feel I don't fit the mold of the "typical" coin collector. No Whitman album as a child, no type or date sets, and I tend to like proof coins more than Unc or Mint State coins. I'm a random collector. I'll buy a variety coin, then an ancient or a bullion coin. I don't do a lot of coin role hunting. I often focus on the artistry rather than the rarity of a coin. Yet, I'm quite happy with my collection.

Are you a "typical" collector or do you follow a different strategy?
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tdziemia's Avatar
United States
7935 Posts
 Posted 12/22/2023  08:19 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
It depends on what you mean by "typical." Being an engineer, that means "median" to me.

But median of what?

So, I will go out on a limb and say the "typical" American collector collects one or more U.S. types.

I don't, so I'm not. But there are many other ways to answer your question.
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John1's Avatar
United States
56855 Posts
 Posted 12/22/2023  08:21 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
If you have more than one of a thing you are a collector
John1
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hfjacinto's Avatar
United States
7273 Posts
 Posted 12/22/2023  08:44 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
There is no typical collector.

Some collect for the registry set.
Some do full albums
Some stack silver and gold.
Some do paper
Some do foreign
Some specialize in 1 or 2 countries
Some have top pop and crazy rare coins
Some have coins that are pretty

I do a little of each.
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United States
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 Posted 12/22/2023  10:19 am  Show Profile   Bookmark this reply Add Parnelli917 to your friends list Get a Link to this Reply
Nice! Now I know I'm not completely insane...
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ijn1944's Avatar
United States
19129 Posts
 Posted 12/22/2023  10:30 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Coin collecting is a very personal matter--one can have an extensive array of full, top-grade albums backed up by an exhaustive/exceedingly thorough 10+ gigabyte excel database. Or, one could gather coins that are interesting and attractive at the moment, and store them any which way that enhances enjoyment. Or any approach in between.
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kbbpll's Avatar
United States
4233 Posts
 Posted 12/22/2023  1:38 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
I don't follow the herd either. For example, I have 28 Barber dimes but only 9 different years, because they're all variations of hub type pairs. I have no interest in putting together a date/mint set. To each their own.
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Earle42's Avatar
United States
10034 Posts
 Posted 12/22/2023  1:51 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
Nice! Now I know I'm not completely insane...


Just saying...if a person relies upon the opinion/approval of others and what they do in order to "know" what to collect, then how is it any fun? It is no longer a hobby.


Quote:
I often focus on the artistry rather than the rarity of a coin. Yet, I'm quite happy with my collection.


Which tells me you are a true hobbyist having fun with what they like rather than some who collect with value in mind all the time as a deciding factor for them. A hobby's deciding factor is, be definition, what we personally enjoy and having fun with it.

While only collecting with value in mind can be fun and there is nothing wrong with it, IMO the a person actually enjoying their hobby has no ties, no cares, and not eve necessarily a reason for collecting what they like other than it appeals to them. It is much more mentally relaxing that way as well...which is also what a hobby is supposed to be!

But this is just the opinion of someone who always thought giving in to peer pressure was one of the dumbest ideas ever (even in my school years)!


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jbuck's Avatar
United States
187862 Posts
 Posted 12/24/2023  2:15 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
We are a rather diverse group here and I do not see a plurality opinion on what a typical coin collector is. The best advice, as always, is you do you!
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Slerk's Avatar
Russian Federation
1557 Posts
 Posted 12/26/2023  6:19 pm  Show Profile   Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
A "typical collector" is probably a person who has an album for coins from a certain period (say from 1900-1950). I think he will collect coins from each year and each mint that fit into the album that he has. Keep in mind that in most countries there are only 1 or 2 mints. So it will be something like 500 coins. I think this is a typical collector.
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DrDarryl's Avatar
United States
434 Posts
 Posted 02/09/2024  06:47 am  Show Profile   Bookmark this reply Add DrDarryl to your friends list Get a Link to this Reply
Specialize in an area that intrigues you! Ten years and two books later, it aided me in defining my area of numismatic specialization.

Coin-Collecting-Strategy


Coin-Collecting-Strategy
Coin-Collecting-Strategy


Coin-Collecting-Strategy


Google: POTUS sgm; Eisenhower Appreciation Medal, Kennedy appreciation medal, POTUS numismatic artifact, Presidential Medal of Appreciation,




Coin-Collecting-Strategy
Coin-Collecting-Strategy


Coin-Collecting-Strategy
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ijn1944's Avatar
United States
19129 Posts
 Posted 02/09/2024  07:20 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
PowerPoint?
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jacrispies's Avatar
United States
3848 Posts
 Posted 02/09/2024  1:59 pm  Show Profile   Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply

Quote:
Nice! Now I know I'm not completely insane...


Oh you are definitely insane....... like the rest of us!

A large percentage, if not most, collectors develop a specialty once they advance into collecting maturity. I personally collect Capped Bust half dollars. I know someone who collects any toned coins. And another who like affordable US Type coins. As long as you are wise with your purchases and don't go overboard or spend too much, you will probably be fine collecting in any style you want.
Suffering from bust half fever.
Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955
Shoot me a PM if you are looking to sell bust halves.
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United States
676 Posts
 Posted 02/10/2024  8:22 pm  Show Profile   Bookmark this reply Add Khromtau to your friends list Get a Link to this Reply
I generally do errors, but I have some modern commemoratives, silver, etc. I have a foreign coin album, but don't really add to it much. It was from when I was younger.
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classic_coin's Avatar
United States
157 Posts
 Posted 02/10/2024  9:00 pm  Show Profile   Bookmark this reply Add classic_coin to your friends list Get a Link to this Reply

Quote:
I'm a random collector.

Does that actually make one a "collector," or something more akin to an "accumulator?" This is something that's been debated for centuries, but it seems to me that if there's no possibility to organize what one has in a logical way (whether one actually does so is another matter), then it's not a collection.
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Slerk's Avatar
Russian Federation
1557 Posts
 Posted 02/10/2024  11:37 pm  Show Profile   Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
I want to add more. I think many people collect coins in one form or another. But I believe that a collector can only be called a person who has already moved away from collecting simple commemorative coins of his country. Those people who only collect modern commemorative coins are beginners. If you have already outgrown this and look at the coins of the past, I think you can call it a collector.
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