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 Replies: 20 / Views: 2,907 |
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Valued Member
United States
373 Posts |
I like collecting coins as a hobby, but I'm realizing that the money I spend on coin supplies (tubes, boxes, flips, etc...) kind of cuts into my budget for collecting more coins.
I mean, if I have thousands of wheaties (which I do), where am I going to store them? So, I buy coin tubes, which are supposed to be a great way to keep the coins safe. If I just throw the wheaties in jars or plastic bags, I don't know how safe that is for the coins. But, as I said, buying coin supplies adds up.
I don't even know how much money I have spent on coin supplies these past 4 years (definately over $200), but I could have spent that money on more coins, but then those coins still have to be stored properly.
So, I've come to the conclusion that coin collecting is only part of coin collecting. Storage is another component of coin collecting.
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Pillar of the Community
United States
3077 Posts |
yep I have to agree. I kinda work w/ my local shop I have been known to pay for 2x2s with roll found war nickles and with so many folks cashing in their silver I have be given folders for free. I bought my Whitman album used for a pair of 40% JFKs also have traded a couple of my Greaser cents for 2x2s as well. This way I feel like I am getting a good deal and he knows I spend real money there for other coins. oh and I forgot when I was in the shop he was saying he had a hard time keeping 69 P roosies in stock well ya know the next time I was in I brought him 4 roll finds and I got 4 flip pages for my 3 ring binder. i think half of this hobby is in the art of horse trading <edit> I ramble and speel check dont add punctuation </edit> Edited by yotie
02/18/2011 6:19 pm
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Valued Member
 United States
373 Posts |
Then with so many different ways to store a coin, which method do people choose? It's sad if they store a nice coin in a not-too-safe way. Then they just wasted their money on a nice coin. You have to think of long-range storage options, or short-term storage options. It could get confusing trying to decide which method is best for storing coins. I hate spending $40 on 100 coin tubes to store my many wheaties, but how else do I store them safely for the long-term?
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Valued Member
United States
109 Posts |
Use The paper Bank Roll, Your Bank Should Give Them To You A Few at A Time If You Ask. But Most Banks Are Going To The rolling Machine. Put You Bulk Coins In Them & Just Make The Roll. Then Later Change To Another Roll, I Will Start With A Roll With All 50's, 40's, & 30's As I Get 3 or 4 Roll's I Go Back through Them And Keep Breaking Them Down
Good Luck
Boatman
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Valued Member
United States
373 Posts |
I have hundreds of coin wrappers. I guess I can put some wheaties in them for storage, and then put the rolls in air tight plastic bags.
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Bedrock of the Community
United States
20753 Posts |
All depends on where you are, who you know, how many places you could go for coin stuff. For example putting just ordinary pennies in a glass jar, closed tightly should help out. Just don't shake them a lot. For ordinary every day ones not to much can go wrong. If there is a coin store near you try asking about used Albums. Also, check out flea markets and garage/yard/estate sales for coin storage items like Albums and those plastic tubes. I've seen bags of paper already made rolls at Walmart too. If you can find a coin show, go there and ask dealers if they have any used Albums for free or a small price. Same with asking friends, neighbors and relatives. If you use a bit of imagination, there are many cheap or reasonable ways to store coins. |
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Valued Member
United States
307 Posts |
Why would you want to keep a thousand pennies. I have been collecting for over 50 years and realized I was becoming a hoarder. I had coins I had not seen in years. The higher prices that was realized in the 70-80s still have not returned. Those prices were because people had money to spend and wanted the coin. Today the average person buying coins looks to CTA and looks to the silver,gold,nickel or copper value as a back up. I am now clearing out culls and selling on ebay at over their collectible value for their metal value. I say all this say buy supplies to maintain your collection. Remember that you are striving to have the best you can afford in your collection. Sell the rest to continue buying the best. This cuts down on the amount of supplies needed and you will be able to focus on what you really want. LOL |
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Pillar of the Community
United States
844 Posts |
I realized that the prices for flips or 2x2s vary greatly on where you shop. I was getting all my supplies at Hobby Lobby. Found out later that I could get ten times as many on the E-net for the same price. Also, for temporary storage, I have been using used up pill bottles to store and sorting while roll searching. Just be sure to clean them first. (the pill bottles, not the coins!)
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Bedrock of the Community
United States
20753 Posts |
Quote:
Why would you want to keep a thousand pennies. I have been collecting for over 50 years and realized I was becoming a hoarder. I had coins I had not seen in years. Somewhere along the line you missed out on something in this hobby. It is called FUN. For many this entire hobby is for FUN, not profit, not show and tell, not for a future investment, not to impress anyone, just FUN. I've been collecting coins for well over 60 years now and I do it for FUN. Quote:
Remember that you are striving to have the best you can afford in your collection. Sell the rest to continue buying the best. You stated YOU ARE but what you really mean is I AM. Yes most want the best they can afford, the best for looks, the best for just FUN. Again though, why should anyone sell the rest of anything they have if they really are doing this hobby for FUN. I'm well into over 100 Albums and many are duplicates. 12 Mercury dime Albums for instance. SO WHAT? It is Fun.Edited by just carl
02/19/2011 12:35 pm
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Valued Member
United States
373 Posts |
Yeah, I guess I have thousands of wheaties because it's fun to have. I may sell them, I may not.
As for justCarl, some people wouldn't mind having an XF coin instead of an MS coin just because of that person's preference. For example, an XF or AU coin might have better eye appeal than a MS60-MS62 coin. They may not care about selling.
I know having thousands of wheaties, or any other coin, might sound crazy, but I don't care about having sets, I just want to be able to have the coins.
But, getting back to the topic "coin supplies", I hope you all got my point.
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Pillar of the Community
United States
1231 Posts |
I have to agree with Carl, I collect just for the fun of it. I have way too many coins. Many I probably haven't viewed in 10 years. But eventually I will get around to examining everyone one of them.
16K+ Wheats are currntly in coffee cans. World Coins are piled into 2 boxes with about 50lbs in each.
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Rest in Peace
United States
9104 Posts |
Quote:
I was in the shop he was saying he had a hard time keeping 69 P roosies in stock 65, 66 67 are all premium issues, far more than 69. |
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Bedrock of the Community
United States
20753 Posts |
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Many I probably haven't viewed in 10 years. But eventually I will get around to examining everyone one of them.
Exactly what I've been saying for well over 60 years. Way, way back when I first started all this I said to myself, SELF, someday I'll recheck every single coin of mine just to see if I missed someting. Now with well over 3,000 Mercury dimes alone, I wonder when I'll start that. One more cheap suggestion for storing coins is to cut your own paper for rolling. High grade paper for printers that stipulate photo quality is safe for coins too. Edited by just carl
02/19/2011 7:30 pm
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Valued Member
United States
373 Posts |
OK, what "isn't" safe to store coins in (for the long-term)?
I'm assuming those cardboard 2x2 flips that you staple together are for short-term usage.
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Rest in Peace
United States
9104 Posts |
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For example putting just ordinary pennies in a glass jar, closed tightly should help out. Avoid glass. There are too many ways for it to break, and then you've got a BIG clean-up problem. Some people use big water jugs, forgetting that coins are about seven times as dense as water, then they go to lift one and the bottom falls out. Do use thick plastic or metal. Some of my favorites: nut cans, which have the bonus of those nice plastic tops 46 oz (V8) cans Countrytime jars, which hold $100 face in silver nicely |
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Rest in Peace
United States
9104 Posts |
Quote:I'm well into over 100 Albums and many are duplicates. 12 Mercury dime Albums for instance. I would have lots more fun with a collection of love tokens, CWTs, odd denomination type coins or whatever than a bag of common date wheat cents containing hundreds of the same date and mint. YMMV |
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Replies: 20 / Views: 2,907 |
Posted 02/18/2011 6:17 pm
