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Replies: 16 / Views: 3,869 |
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Valued Member
United States
420 Posts |
Hello, Couple of questions. How do you handle family members (namely my parents) who just don't get my coin collecting hobby? They are not very supportive, sure they give me circulated coins they find (Kennedy halves, Eisenhower dollars, 2009 Lincoln cents, etc) but when it comes to me spending money on Proof Coins they freak. My father is a "get rich quick" guy so anything he does HAS to make him money or he is not interested, he also doesn't understand that you have to spend money to make money. I'm a collector NOT an investor and I have tried to explain that but they think spending $40 on a Commemorative Silver Dollar that is worth a $1 is a waste of money. This is really frustrating. My wife tolerates shows and shops only because I do not drive and she drives me everywhere but at least she tries to act interested. Second, how do you keep your HOBBY becoming a CHORE? Sometimes things seem tedious. As always all input is appreciated. Thanks, Rich Subject edited by Staff to make more sense  -GO
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Bedrock of the Community
United States
19935 Posts |
Most people do not understand coin collecting. When I tell them I have a "penny" worth over $1000 their first reaction is to sell it. LOL If anyone gives me smack about collecting, I ask what their hobbies are and promptly pick them apart. I'm a collector and not an investor, but there's not many hobbies where you can buy something and turn around and sell it for what you paid or more.
Your dad is easy! As an example, tell him with just a phone call to the mint on the release of the LP1 cent, he could have quickly made several hundred dollars. Ditto the Chronicles set. How can he not understand that?
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Pillar of the Community
United States
2520 Posts |
Good Luck with that! I would graciously accept anything that your parents give you and keep them out of the loop concerning your purchases. Some people just don't nor will they ever "get it". I've also tried to get both of my ex-wives interested....No success. They were educated enough to pull stuff from circulation for me (cash handling jobs) but really had no desire to collect. I don't really know what to tell you about trying to get your wife involved. (Although I think If you were roll searching and hit a silver bonanza....and sold it for a big profit...I think she would get the picture)
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Bedrock of the Community
United States
12437 Posts |
Coins are definitely not "get rich quick" unless you happen to make the find of a lifetime( or several lifetimes) but if you choose your purchases wisely and concentrate on buying the best quality possible, you can "get rich slowly"  One thing you can do to convince your dad of that fact is purchase an old Redbook(one from the 1980s will do or even your birth year since you are old enough to be married) from ebay and ask him to compare the values to a 2010 RedBook, that might get his attention.
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Bedrock of the Community
United States
20753 Posts |
I would suggest almost any attempt to indoctrinate or educate your parents into coin collecting is mostly a waste of time. Of course this really depends on them. There are many people that just don't like hobbies that involve collecting anything. AND if your living at home, this becomes something of an argumentive invironment since it is probably THEIR home and they only want their stuff in it. People that grew up with no collecting hobbies usually never start one in later life. Some do but as a rule, I've found this just doesn't happen. Your parents background also may make that a real problem. Of course in my age group there are many that remember the big depression so the only money to be saved is money you can spend. Not sure how old your parents are but as you get older you'll see that age just makes many of us not easy to change our ways. If at an elerly age we do not collect STUFF, not much chance of starting. Many older people just know not much time left to accomplish to much so why bother. Your parenets may not be that settled in their ways but my suggestion is to not even bring up coin collecting to them if they've already stated their disliking for such a hobby. Why tell them you purchased a coin? Why tell them how much it costs? This serves no purpose except to start an argunent and with us old people, you can't win you know.  We think we know everything and young peole are just dumb things that we messed up teaching.  As to this hobby becoming a CHORE. Almost any hobby attains that at one time or other. All part of a hobby being a hobby. Some good and some not so good things about them. The thing to do is it really starts getting to you, put it all aside for a while. You'll be surprized at how you enjoy this more then. Take shooting guns for a hobby. Fun while doing it but then you have to clean them, buy more ammo, targets, etc. Same with people that are into fishing. You go and have fun. Then it's cleaning, storing, etc again. I know some people that are into flying model planes. Fun flying them but when they crash, poof, pick up the pieces and go home crying. Even if your hobby is watching TV, eventually it will crap out during the middle of something you've been waiting for. If you want an easy hobby, with no problems, I suggest sleeping. Not much can go wrong there. And no CHORE either.
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Valued Member
United States
335 Posts |
Do you have any kids? Get them involved, and you will be investing in "quality time" with them. Who is going to criticize that?
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Bedrock of the Community
United States
14454 Posts |
I agree, most people just do not understand it. When I tell someone I spent $4000.00 on a coin all they can think of is what they could have bought with that money instead of how nice the coin is and how hard it was to find a coin in that condition. Sure you can go out and buy a $4000.00 car and drive it down the road and see 20 more just like it in every different color imaginable but it can take a couple years to find a MS-62 Classic head Large Cent in problem free condition and to find one for sale can take longer, and you may never see another one in your life time. It seems the only ones who understand coin collectors are other coin collectors
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Valued Member
United States
258 Posts |
Part of the problem is some of these "old folks" remember SPENDING these now valuable coins back when their only value was face. Everybody invests their (not)freetime in something whether it is reading, writing or watching tv or playing on the computer. We simply prefer to play with money Trying to get people involved in something they have no interest in is like trying to teach a pig to sing. It wastes your time and irritates both you and the pig. Just remind them that coin collecting makes you happy and that it sure beats spending it on things that go down in value ie. stocks, bonds and houses. Then again as the saying goes, "I spent my money on wine, women and song... The rest I wasted". I will let you determine whether coin collecting is a form of waste...Sincerely, John Leckrone
Edited by 925dealer 02/05/2010 7:38 pm
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Moderator
 Australia
16810 Posts |
Quote: How do you handle family members (namely my parents) who just don't get my coin collecting hobby? I'm fortunate in that everyone in my family collects something. My dad collects seashells. My mum collects souvenir teaspoons and refrigerator magnets; my brother collects stamps. We all roll our eyes at each other when someone overindulges in their hobby, but at least we all understand the collector mentality that drives them to do that. However, I have encountered the "I just don't get it" mentality among friends and extended family. Unfortunately, there's nothing you can do to convert them, at least, not quickly. The best you could hope for short-term is to turn them into an "investor" - someone who realises that you can make money buying and selling coins, but you have to either get lucky or know what you're doing. After a long time handling coins, many "investors" eventually evolve into full-blown collectors and learn to appreciate their coins as coins, not just as potential sources of profit. But if they're not the gambling type and they have no desire to learn about coins, even the "investor" door will be closed to them. Quote: how do you keep your HOBBY becoming a CHORE? Sometimes things seem tedious. Diversify. If sailing in the familiar waters you've always sailed in starts to get boring, there's a whole ocean of numismatics out there you can explore. I'd find coin collecting pretty tedious if all I did was look at the same kinds of coins day after day; that's why I collect everything - local, foreign, mediaeval, ancient - there's always some aspect of the hobby that can attract my interest. Throw in the "fringe things" like bullion rounds, tokens, medals, paper money... who knows what might attract your interest? Interact with other collectors - especially if the home/family environment isn't particularly supportive. This forum helps, but face-to-face interaction is good too. Try joining a local coin club. If you're temporarily doing something "tedious" that's related to your collection - such as entering coins into a database - there are ways to beat the blues. Take your time with it, or work at it in "spurts" with long breaks in between when you're doing something else. Or give yourself some motivation for finishing the "chore", like saving up some money to buy coins but promising yourself you won't spend it until you finish the database. If you're really burned out and none of that seems to work for you, then take a break completely for awhile. As long as your collection is properly housed and protected, it's not going to deteriorate - they'll still be there when the fire rekindles after a few months, or even a few years.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
1179 Posts |
Its not like you are spending their money, just keep them out of the loop when it comes to your spending. I always tell my wife that at least my hobby holds value and if I really wanted to, I could recoup at least 75% of the money I spent if I sold, if not make money on it. I like what Thad is doing, picking their hobbies apart if they are dogging yours. Most hobbies, you spend the money to enjoy them, but the money is gone for good. Its a win win for me, I love my hobby and will never quit.
All of my family says the same thing about spending a good amount of money on a coin. If they do not have a collector's sense, whether its coins, or whatever, they'll never understand and its not worth trying to explain. On the good side, my mother recently picked up a new job at a bank, so I get some good stuff when I come home now and then.
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Rest in Peace
United States
1729 Posts |
Collectors are made - not born. Obviously, you have cultivated your coin-collecting hobby over the years while your parents have been acquiring money to keep a roof over their heads. Doesn't sound as if you're going to MAKE them appreciate your hobby very soon.
Look at it from their point of view; they might have a tolerance of about a millisecond when you try to talk to them about your collecting activities (as opposed to their get-rich-quick activities).
I'd suggest, as others have, to stop talking to them about your hobby. Make them ask YOU! Play hard-to-get. Get their curiosity up.
As for your hobby becoming a chore ... know when to walk away from it and when to come back. If coin collecting is your only hobby, you may be overdoing it to fill up your idle hours. If nothing else, a good book may be the answer to filling your down time.
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Pillar of the Community
United States
2734 Posts |
Coins = "get rich slow" (or, see my signature) Stock market in Oct. 2008 = "get poor quick!"  Real Estate from 2006-now = (after the above two, 'get rich slow' starts to look pretty good!)Collector cars = At least you can go for a cruise in the car you can't sell!  This is where I 'get it' from my family, as they watched the values of my cars plummet while my coins held steady or went up. Now they tell me to buy coins, not car parts! Searching coins is a chore, but I enjoy it nonetheless. I got $100 of 2010 Native American-D Dollars at the Denver Mint, and I cherry-picked out the best ten of them for my DNA's 1100 Post Contest! (the worst, most bag-marked five of the 100 just entered circulation today via the car wash!  )
Edited by DNA 02/05/2010 9:51 pm
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Pillar of the Community
United States
1659 Posts |
In my opinion, handling anyone other than your wife is easy...it's nobody else's business what you spend your money on. If your father or other relatives think you're crazy for buying coins all you have to do is quit telling them about your purchases.
Your wife on the other hand is a little different. I always tell mine that I'm not spending money, I'm buying money! :) I have created a way to earn a little extra spending money on the side. My wife and I have come to the understanding that the money I earn on the side is specifically to support my coin buying habit. It has worked out really well. I buy coins worth several hundred dollars all the time and I never have to justify anything to anyone. It's great!
Edited by cwb1877 02/05/2010 9:58 pm
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Pillar of the Community
United States
7123 Posts |
Snitchard
you are far from alone, I started collecting when I was 12 (thats 1969) my Dad did not really ever understand my collecting, and I never really tried to make him, but you know what ,once he found out I liked it ,it made me happy, and I was serious about it, he began on his own to bring me stuff to add to my collection, now to be honest most of it was pocket change but I never ever diminished the contribution, I took the coins with a smile, offered to buy them (even it was a face value trade) and quitely smiled to myself and went on collecting knowing that while the purpose was not understood acceptence of the addiction had finally happened.
while non collectors may never really grasp the passion that a collector feels or the details of what a collection actually is they might just come to appreciate what a collector does and what it means to them.
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Pillar of the Community
Philippines
1156 Posts |
I had the same difficulty with family, they just couldnt believe I was serious in collecting coins and that coins are "funny little things best used in spending", soooo when my earnings permitted, I bought myself my first "little" 22.5mm gold coin, real gold, when they saw that coin, first impression gold=jewelry, everthing fell into place, situation solved! collecting gold sure creates a diff response, even by having only one piece!
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Valued Member
United States
199 Posts |
I told my Parents about my coin collecting,and they showed mild interest.I never really told them what I spent though.I Did tell them that I had a Peace dollar that might be worth $4000 though.When they both passed last year,I had to go to their house to settle estate stuff.Lo and behold,my Dad had started collecting State Quarters,and I have several full books of them now.Along with pill bottles full of duplicates.I also found several Morgan and Peace dollars,that I didn't know they had....
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Replies: 16 / Views: 3,869 |