Collection Or Obsession?

Maybe true for general collections but look what happened to Morgan dollar prices when the GSA hoard went on sale...

I am one who never got it as far as Morgan dollars go. I like them, but never thought they were worth the money due to the mass quantities of quality coins. Like gravity sometime coin values rise and other times they fall. In the long run think diversification. A nice eye appealing collection with a range of dates in the highest affordable condision should work out.

Look at silver today, it is still not to the point of the 1980's, but the melting is going on just like it did then.

Have fun with it, buy what you like, and the potential over the long run is still there. There are many hobbies where your money just goes away and you don't recoup anything.

NoHope587, now that's the ticket. Collecting should be fun. Nice collection by the way.

I collect everything from Roman Imperial to Medieval to Classical and on to modern. All on a budget. I only spend what I believe I could flip for the same amount later. If I make a profit all the better.

I don't drink, don't smoke and don't gamble. Last thing I need is for my hobby to consume my life. My passion is my family, my job and my community.

I look at my collection as an investment with benefits.

I Tell My Wife Better This Than Playing Cards At the Casino
I Can look Back At My Collection Later
Also Part of My Retirement

Boatman

As in all good things the key is moderation. Collecting is supposed to enhance your life not complicate it. Have fun.

I'd say your just thinking about an investment which puts you into an obsession mode, maybe. By that I mean if you keep all your coins in plastic slabs, it usually means a constant idea of reselling sooner or later. Most people that keep those slabs are primarily thinking of what they have as an investment whereas people like me just break out all those for Albums. I collect coins, not plastic. Usually people that keep all those slabbed coins always mention the values and not the attempt to complete a set. Also, indicating not really having fun which to me is just having fun collecting.
Really impressinve looking though. So do you show them off to others or just stash them away? Eventually you'll need half the bank for safe deposit boxes for all slabs.

What about them? At the end of the sales Morgan dollar prices had either held steady or even increased because of increased exposure which increased the number of collectors. The GSA sales did not have a bad effect on the prices, not like the unrestrained dumping of dollars from the Treasury holding did back in the early 60's.