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How Do You Finance Your Collection?

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Chancellor Sutler's Avatar
United States
1372 Posts
 Posted 12/21/2009  6:27 pm Show Profile   Bookmark this topic Add Chancellor Sutler to your friends list Get a Link to this Message Number of Subscribers
I'm curious. I know how I have built my collection, but how have you built, or how are you building your collection? Do you allocate a set number of dollars each month from your paycheck?

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Bilbo's Avatar
United States
812 Posts
 Posted 12/21/2009  6:33 pm  Show Profile   Bookmark this reply Add Bilbo to your friends list Get a Link to this Reply
That's been my routine. I set aside a bit from each paycheck and once I have enough to make it worthwhile, I go shopping!
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nohope587's Avatar
United States
5953 Posts
 Posted 12/21/2009  6:57 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
Ramen Noodles !
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Canada
693 Posts
 Posted 12/21/2009  7:06 pm  Show Profile   Bookmark this reply Add coinsrfun to your friends list Get a Link to this Reply
I prefer the "Robin Hood" method........look at every dealers table, buy what they miss as variety's etc.......sell them back to them attributed......makes the world go round cause now I spend more on coins......HoHoHo
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Chancellor Sutler's Avatar
United States
1372 Posts
 Posted 12/21/2009  7:24 pm  Show Profile   Bookmark this reply Add Chancellor Sutler to your friends list Get a Link to this Reply
My method is more like that. I am self employed, and my collection must be self sufficient. I have to sell...in order to buy. This has meant buying screamin' deals....just because they were deals rather than what I may actually want to own, then selling it to finance that which I do want to keep.

I started with a just under 2 thousand dollars a year ago, and my collection has grown to include 22 gold coins...none of which are tenth ouncers, about 30 pounds of silver, and a high grade (EF-AU) Liberty nickel set that lacks just the 85 and 12-S. I have little interest in copper, but sometimes buy those coins as well.

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rggoodie's Avatar
United States
23472 Posts
 Posted 12/21/2009  7:56 pm  Show Profile   Bookmark this reply Add rggoodie to your friends list Get a Link to this Reply
I can not tell a lie
It is so hard to finance a collection that

How-Do-You-Finance-Your-Collection?
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svslav's Avatar
United States
2605 Posts
 Posted 12/21/2009  8:34 pm  Show Profile   Bookmark this reply Add svslav to your friends list Get a Link to this Reply
rggoodie, is there a reward?

Oh, and could you PM me with your whereabouts?!



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rggoodie's Avatar
United States
23472 Posts
 Posted 12/21/2009  8:59 pm  Show Profile   Bookmark this reply Add rggoodie to your friends list Get a Link to this Reply
PRICELE$$

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pls's Avatar
United States
1729 Posts
 Posted 12/21/2009  9:14 pm  Show Profile   Bookmark this reply Add pls to your friends list Get a Link to this Reply
I love mods who have a true sense of humor! And this forum has a lot of clow - er, mods with excellent, penetrating, entertaining, intelligent sense of humor. (Whew - almost didn't turn that one around ...)

How do I finance my collecting habits? I collect cheap coins. I fill holes in albums; I don't hold out for uncirculated examples; I know that I'll never own a 1916-D nor a 1909-S VDB (although my heart is still going pitter-patter months after the night I held both in my hot little hands at a local coin club meeting!); I go with the flow of coins (and tokens) that come my way; I enjoy what I have for what they are: NOT an investment, but a collection of history, art/sculpture, history, and the foibles of humankind. And whenever possible, I trade instead of buy.
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bwbollom's Avatar
United States
293 Posts
 Posted 12/21/2009  11:33 pm  Show Profile   Bookmark this reply Add bwbollom to your friends list Get a Link to this Reply
I collect what I can afford. As my income changes, so do my collecting habits. Also, I sell things I no longer want to buy things I do want. Hopefully the things I purchased in the past have gone up in value so that when I sell them today I have made at least a bit of a profit to put into today's purchases.

The good (and also bad) thing is that I collect a variety of things...baseball cards, comic books, stamps, coins (of course), etc. so I'm always trying to figure out what is expendable to finance the latest "need"
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DNA's Avatar
United States
2734 Posts
 Posted 12/22/2009  12:18 am  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
I know that I'll never own a 1916-D, nor a 1909-S VDB

1916-D's aren't that hard to come by:

I got an XF-45 1916-D in a Wheat cent bag, and I found a VG-8 1916-D
in circulation about 15 years ago.

The XF-45 1916-D is a Cent, and the VG-8 1916-D is a Buffalo nickel.

So, let me repeat: 1916-D's aren't that hard to come by...
unless you're talking about a Dime!

and the 1916-D Walking Liberty, in any grade above VG!

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okie-colin's Avatar
United States
1083 Posts
 Posted 12/22/2009  12:23 am  Show Profile   Bookmark this reply Add okie-colin to your friends list Get a Link to this Reply
Heat, lights, water, and regular meals are WAY over rated.
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soldier4Christ's Avatar
United States
419 Posts
 Posted 12/22/2009  01:15 am  Show Profile   Bookmark this reply Add soldier4Christ to your friends list Get a Link to this Reply
Most of my collecting comes from circulation finds!
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SeatedNut's Avatar
United States
2797 Posts
 Posted 12/22/2009  09:14 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
I buy low and sell high. We call it cherry-pickin' and it's kept me going for years now. When I find a better coin, I replace the old one and sell it for more than I paid for it ... frequently, many times more. It takes some patience and isn't for those who want rapid accumulation of pieces.
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jbuck's Avatar
United States
187446 Posts
 Posted 12/22/2009  10:31 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I collect cheap coins. I fill holes in albums; I don't hold out for uncirculated examples
Sounds a lot like me.

Quote:
I know that I'll never own a 1916-D nor a 1909-S VDB
I might not ever get the former, but I will most definitely get the latter! One day.

Quote:
Most of my collecting comes from circulation finds!
Same here. Of course I have had to make purchases to complete my albums, but the heart of my collection comes from circulation.
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DNA's Avatar
United States
2734 Posts
 Posted 12/22/2009  11:27 am  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
"How do you finance your collection?"

You don't have to 'finance' circulation finds, that's the beauty of it!

Circulation finds also give you a sense of satisfaction in your
accomplishment that you can't get just by buying coins.

Anyone in Denver can go to the Mint and trade their notes for the
current Quarters. That's not an 'accomplishment', that's an exchange
of money. The two 'rolls' of 2009-D Quarters that I'm proud of
are the 80 of them that I saved from my change (and I haven't even
found a Northern Mariana Islands in my change yet!).

I estimate that I received over 2000 Quarters total in my change this
year, and kept less than 100 of them (the 80 2009-D's, some MS State
Quarters, a few pre-'65 Silver Quarters and a 1971-S Proof).


Edited by DNA
12/22/2009 11:29 am
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