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Replies: 17 / Views: 2,061 |
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Pillar of the Community
United States
2200 Posts |
So let's say your favorite expensive coin comes up for sale, and the price is somewhat out of your range, but when you think it, you could tighten the ol' belt for a few months in order to get it.
How much would you be willing to spend for your favorite coin that you don't have yet? Edited by jpsned 07/25/2011 8:54 pm
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Pillar of the Community
United States
3345 Posts |
Well considering I don't have a job yet and spending more than a reasonable amount on a coin is questioned in my family, I'd say $60 is what I could pay, $100 is what I would pay. I have many favorite coins, right now I'd love to get a 1921D Merc or a 1932 S or D quarter.
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Pillar of the Community
United States
3276 Posts |
I'm in the same boat rachums. I'm 22 and full time college student. I'm married and my wife doesn't work right now so we have not much spare money. I'm in the same $60 to $100 range, although some of my favorite coins are much more expensive :/
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Valued Member
United States
244 Posts |
I live my life by one simple rule - never spend what I don't have. That goes for coins as well as everything else. So, the notion of "tightening my belt" means I'll tighten my belt first, and hope what I'm wanting to buy is still available once I've saved up enough. And if not, that's the way things go. There will be other opportunities.
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Pillar of the Community
United States
4846 Posts |
if I really wanted it, id spend all I have, and I wont worry about paying bills and stuff becase I'm still in middle school.
so I can spend about $1000
Edited by Adam_E 07/26/2011 01:52 am
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Valued Member
United States
103 Posts |
Adam_E
Dishing 1000 dollars out for a coin is not wise in middle school. Not only do I doubt you have that much to spend....even if you do, I doubt your parents would let you
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Pillar of the Community
United States
3276 Posts |
I was always wondering how you get all of your money to spend on coins Adam. In middle school my parents gave me $1 a week for allowance to save or spend. And I'm not a million years old, I'm 22 so middles school wasn't that long ago. I wish I had your collection at your age :/ Quote: Adam_E
Dishing 1000 dollars out for a coin is not wise in middle school. Not only do I doubt you have that much to spend....even if you do, I doubt your parents would let you You must not know adam that well... also, dishing out 1000 dollars for coins at that age is a great long term investment in my eyes. most other middle schoolers would waste the money on toys or paintball guns or something.
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Pillar of the Community
United States
3283 Posts |
Rbethll11- you don't know Adam, a very precocious and knowledgeable numismatist. As far as I'm concerned, too many coins -not enough money 
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Pillar of the Community
Canada
1554 Posts |
 I wish I could go back to Adam's age with the knowledge I have of coins today. I'd have a Collection second to none by the age of 50! Glenn 
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Pillar of the Community
United States
3402 Posts |
The dream: No wife, no kids, no mortgage, no bills = all coins, priceless.
KK
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Valued Member
United States
85 Posts |
I'm with Wei Fun, I don't spend what I don't have.
Per the Thread Diversion on Adam, A Middle school aged person could do reasonably well. When I was in Middle school I was pulling roughly $200 per week, once I hit the age of 13 that went up to $300 a week. Most of my income was derived from mowing lawns throughout the town. I would ride my bike all over town and spend upward to 4 hours a day after school mowing lawns. In the winter time I made even more by utilizing my fathers snow blower to remove snow. Once I hit 14 I continued doing all that and took up a job washing dishes. I was pulling $800 a week going to school full time, working 6 hours in the evening and pulling double shifts on the weekend. while mowing lawns in the morning. The best part was having no bills, combined with always working and not really having a whole lot of time to spend it. At the time I had yet to have developed an interest in coins, instead my interest was in computers. I remember I would take the morning off on the first Saturday of every month and my father would take me up the Island to the computer show and I would spend about $1,000 each time on various components, books and other stuff. Ultimately it shaped my future as now 14 years later I never work more than 8 hours in a single day, never exceed 40 hours a week, get 6 weeks vacation a year and pull a sizeable income. To Adam, I say make it and spend it on something that will both increase in value and perhaps shape a future career... Of course the mature part of me has to include the caveat that you should consider school and the rising cost of tuition and so forth so definitely save a little :)
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Bedrock of the Community
Australia
21786 Posts |
I don't think it matters one jot how much you spend on your numismatic interests.
There are CCF'ers who are quite young and don't have much at all to spend on coins, yet their interest may be no less than that of a mature collector of some decades in the hobby.
That is my experience anyway.
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Pillar of the Community
United States
1348 Posts |
I would be able to tighten the belt and spend around $5,000. Thats only if I give up buying and reselling in the local area. I have about that much in silver that is expendable.
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Pillar of the Community
United States
4846 Posts |
i would really only spend about $500 on a coin, but if I saw one for 1000, and I really liked it and really wanted it, I would probably buy it.
but then, you would most likely see me selling it for something else.
my method of madness is to buy and resell to get more coins. and I guess I've been doing well, and that with the combination of getting money from my parents for birthdays, travel, ect. really add up when your buying and selling coins and you add that money to the pot, when I ended up with $1000 I kind of thought "where did all of this come from?" so really, my entire collection is for sale, but I guarantee you the next week, ill have at least one more coin in my stock.
and I really hope people dont think I come from a rich family, because I dont. my mom told me and I saw for myself that I have more money in my account than my dads.
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Pillar of the Community
United States
609 Posts |
Thats very good adam. Keep on saving and re-selling. I dont have much time to spend working elswhere other than the farm because its just me and my dad and everything is always messing up:/ So I get $10 allowance a week so at that rate it'd take me a while to get to $1000. Hopefully I can find a job soon and still be able to help my dad.
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Pillar of the Community
United States
609 Posts |
So my range ends at like 100$ per coin. That might change because I'm starting to look at the liberty cap and draped bust large cents and since I would like good examples, maybe 150-250$ per coin.
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Replies: 17 / Views: 2,061 |