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Have Your Tastes In Coins Changed?

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okie-colin's Avatar
United States
1083 Posts
 Posted 01/02/2010  1:15 pm  Show Profile   Bookmark this reply Add okie-colin to your friends list Get a Link to this Reply
Great story 925Dealer. I have learned enough, and been around long enough, to see how value in real estate is location, location, location. In coins value is condition, condition, condition. I think collectors of both circulated and uncirculated coins can be numismatists, but hoarders usually aren't. Another way to say this is - as we gain in knowledge we become more discriminating in what we acquire.
Edited by okie-colin
01/02/2010 1:19 pm
Valued Member
925dealer's Avatar
United States
258 Posts
 Posted 01/03/2010  10:31 am  Show Profile   Bookmark this reply Add 925dealer to your friends list Get a Link to this Reply

Quote:
as we gain in knowledge we become more discriminating in what we acquire.


Everyone here should know by now the several things I wish I had been taught when I was young. Unfortunately I only learned these things through experience and trial and error. These three quotes of mine are all very important and will take any collector a lot farther than most if applied when building a collection.

1. BUY THE BEST YOU CAN AFFORD.
2. BUY QUALITY, NOT QUANTITY.
3. COMMON STUFF WILL ALWAYS BE COMMON AND RARE WILL ONLY GET RARER!

Sincerely, John Leckrone
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Spider5689's Avatar
United States
2269 Posts
 Posted 01/03/2010  11:37 am  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
My tastes have definitely changed over the last 10 years. Like most I started out collecting Lincoln cents and Jefferson nickels. Over time I slowly started to lean toward early 20th Century Coins, like Mercury dimes, Buffalo nickels, Walking Liberty halves, etc. My main focus now has been Franklin halves and Ancient Coins from the Roman Republic and Imperial Roman.
Bedrock of the Community
United States
20753 Posts
 Posted 01/03/2010  7:45 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
1. BUY THE BEST YOU CAN AFFORD.
2. BUY QUALITY, NOT QUANTITY.
3. COMMON STUFF WILL ALWAYS BE COMMON AND RARE WILL ONLY GET RARER!

Sincerely, John Leckrone

Nice tips but basically for only a few. In the USA alone there is over 300,000,000 people. Possibly 10% or a lot more collect coins. If true this means 30,000,000 people collect coins. Of course many are just kids, amateurs, one time attempts to become a coin collector, etc. However, this still means that many coins with mintages of less than 30,000,000 will be difficult to acquire for many, many of those individuals.
To me this mean that:
1. With coins, collect what you want.
2. Collect as many of whatever you want.
3. This is really a hobby so enjoy what you collect.
4. Ignor people that attempt to tell you what to do, but do listen to suggestions. Then still do what you want.
As to me changing my ideas of collecting. Never happened yet. I just collect and always have collected what is available at the time.
Also, one thing that has inspired me to collect something specific is if someone gives me a free Album to put coins in. Regardless of what type of Album as long as it' free.
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nickelsearcher's Avatar
United States
15381 Posts
 Posted 01/03/2010  8:00 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
I'm still learning about this ..... so I must admit my tastes are still evolving as I gain knowledge ..... thanks to all you kind folks here.

I do agree with 925dealer on his three tips ...... and I've been applying that in my new quest to acquire Classic US Commemoratives .....

I will add a needed 4th tip that John knows but failed to mention ....

KNOWLEDGE is the key ..... knowledge of the coins history, value, condition, etc makes the difference IMHO between a poor and unwise purchase versus a great choice.

Thanks to all of you for helping me to gain some knowledge.

David
Take a look at my other hobby ... http://www.jk-dk.art
Pillar of the Community
wheatguy's Avatar
United States
1534 Posts
 Posted 01/03/2010  10:00 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply
I used to be a modern type of person, collecting the State Quarters and other modern series when I started. I now have the 7070, and a Dansco for Mercury dimes and SLQ's.
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