| Author |
Replies: 20 / Views: 2,556 |
|
Valued Member
United States
397 Posts |
I see that almost everyone on here is working at completing a set , however I have absolutely no desire to fill a set......Rather I just want more coins , as many as I can get my hands on.
I've only been collecting for a few months now and put together a 3 ring binder with the coins I don't like putting into a box, and I've managed to fill several pages with just one type from random dates. I guess my eventual goal is to put $10k worth of coins back for each of my children (I have a 2 year old and one on the way). Am I alone in having goals solely for investment purposes ,or is that pretty common?
It also seems that danscos are 'big stuff' on here too, and to me they're ugly as sin. I've got 2 ATM and they look like they're from 1968 even though I know for a fact they're brand new. I passed up on the chance to buy several of them at a yard sale, which I sort of guess I regret now, not because I want them but because I could use them for bartering purposes. Edited by schockergd 07/07/2011 9:12 pm
|
|
|
|
Pillar of the Community
1283 Posts |
You are absolutely not alone I am putting away a 2 rolls of ASE's for each of my children every year until college or other higher education. I figure one will have 24 rolls the other 28 and hopefully that will get them a nice start. I don't plan on telling them about this until the day they graduate though. I am going to make them pay their whole entire way through college with loans then pay it off at as a graduation gift. IMO you need to earn your way in this world. I want them to appreciate a dollar, especially for the ones I sell my soul for a daily basis.
|
|
Valued Member
United States
262 Posts |
Danscos really aren't my flavor either...I bought one a couple months back and resold it within about 2 weeks. They just seem to old fashoined ( no offense to the vets here).
As far as investment purposes, your not alone, there are tons of folks on here collecting for just that reason. It's actually how I got started in the hobby (collecting silver bullion) and then I trasnformed into this coin monster....collecting for numistmatic value as well as just to appreciate some of the history built into these coins.
I think you are somewhat like me in that were cherrypickers.
I like to complete sets but if I don't, I don't get upset about it. I'd rather have one really nice coin then 200 coins I don't like just to fill a hole.
|
|
Pillar of the Community
United States
1080 Posts |
you non-album people are the free-est of us all! Godspeed to you!
|
|
Valued Member
United States
262 Posts |
lol speck.....I can only imagine your pain.
|
|
Bedrock of the Community
United States
19935 Posts |
If you're going to spend $10k on coins, I'd go quality over quantity. If you're doing it for your kids, you're leaving them a complex problem that they likely won't know how to deal with when you kick the bucket. As I get older my plan is pare down my collection substantially to reduce the volume. That way, if they choose to sell it (which most relatives end up doing), it will be easy to deal with. It's MUCH simplier to sell a handful of nice, valuable coins rather than a mountain of common stuff the dealers call "junk"....and pay junk prices for.
I've seen it many times at my local shop. A relative comes in with a huge pile of "stuff". The dealer is not going to take 40 hours to go through and grade/value every coin. They quickly look it over for key dates and bullion in about 10 minutes and make an offer....they hope they'll find a diamond in the rough later. I'd guesstimate that 90+% of these sellers take the offer and walk out with cash.
Edited by BadThad 07/07/2011 10:23 pm
|
|
Valued Member
 United States
397 Posts |
Brad - I may very well consolidate , however at the moment I've built a business model that allows me to pick up coins well under value. Because of this, I don't have a choice most of the time what kind of coins I'm getting , just what I do with the profits, which are now being invested right back into more coins.
You're right about the offer, I'd say that most people take the first offer and are happy , I live in a very small town and am the only guy buying coins for numismatic value , or know anything about it. Right now I average 1 key coin for every 150 I buy. It's not enough to justify changing how much I offer, or how much time I invest in evaluating batches of coins. Haven't bought any bullion so far, but have bought several sterling pieces with a potential for my first entire flatware set within a week.
|
|
Pillar of the Community
United States
2120 Posts |
I love this hobby because I can be Full on focused on one set, and then totally flip and change gears to another set, then come back to the first one whenever I want, or not... either way.
|
|
Valued Member
United States
299 Posts |
What is a Dansco? ;)
I buy/collect what I like to look at. For me that comes to Morgans, esp 1878 8tf and the CC and SF mints. and Buffalos in proof condition
|
|
Pillar of the Community
United States
609 Posts |
Well, I dont know if there is a normal coin collector 
|
|
Pillar of the Community
United States
619 Posts |
I don't fill sets, either. If I see something I like, I'll pick it up. I'm mainly looking for silver bullion right now, but in coins, not just bars or rounds. That way, it will still have some numismatic value if PM prices ever drop out. If I find a really nice bullion coin, I'll put it in a 2x2 and stick it in my album.
|
|
Valued Member
 United States
397 Posts |
Hambone - In my eyes a 'normal' collection is one of each of a particular set. I run into guys selling off left-overs all the time locally, so from what I gather they're completing sets. Last time I bought coins, the seller had 4 danscos and 2 were half full, I made the assumption that that is what 'average' is.
CPC24 - That's what got me started, I bought my first coin lot at my great aunt & uncle's auction, a bag of Walkers & Franklins for $5 (7 halves for $5). In 2008 right after the mortgage crash, I got worried and bought a 'box o silver' from a guy on craigslist @ $16/oz. Fast forward to November of 2010 or so when I started to realize that the halves were worth way more and the box of silver had nearly doubled in value. From that point on I wanted to start buying more, so I've tried to allocate more money to it. In the past 3 months I've found out that very few collectors live in my town, and there are quite a few people who have coins and want to get rid of them, so I have a good deal of opportunity to get something out of it.
|
|
Moderator
 United States
187840 Posts |
Quote: you non-album people are the free-est of us all! Godspeed to you! I have to agree. I would be asking the question "is it normal to have the desire..." because it fully enables my OCD! Do not get me wrong. I love my Dansco albums and I love building sets, but I do ponder the "what if" scenarios a lot. Life could be simpler indeed.  To each their own, as I always say. If it makes you happy! 
|
|
Pillar of the Community
United States
7840 Posts |
I concur with BadThad; Quality over quantity and I am downsizing my collection and focusing on major types versus series collecting. I find it wise to seek out opinions from others, but only you can determine what is best for you! 
Edited by oih82w8 07/08/2011 10:14 am
|
|
Pillar of the Community
United States
609 Posts |
I think of it this way: Collect whatever you like, there isn't a wrong or right way to coin collecting 
|
|
Bedrock of the Community
United States
20753 Posts |
Quote: What is a Dansco? Must be new here. Most members here use the word Dansco rather than using the word Album.  This is what is known as the Dansco web site at times.  If your really don't know Dansco is one of the now many organizations that produce coin collecting items such as Albums, Folders, etc. There are many more of these companies and all have their goods and bads. Although lately Dansco has been noted to be of the best conttruction by coin people of most of the others, they too have been none to have faults. Many people like that brand due to they look like expensive books due to their color and texture on the covers. Naturally these are the same people that hide them from public view due to crime rates. Some of the other companies that make Albums make them Green or Blue and those just don't match to many people's color decor. One of the sort of popular ones is basically a whitish color but since made in China, not to popular. I basically use Whitman Albums and some Dansco ones and basically try to fill them. It is sort of a thing that I just hate to see an empty slot in them. In order to break the monotiny of continuous Albums, I also make many of my own with parts from other albums or 3 ringed binders. A hobby is just that, a hobby and should be done with whatever makes you happy.
|
| |
Replies: 20 / Views: 2,556 |