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 Replies: 20 / Views: 2,548 |
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Pillar of the Community
United States
4867 Posts |
Through the years I have sold my collections due to hard times. Always when I try to reasemble the collection it costs so much more to do, especially now that silver is way up there. Just browsing ebay it seems silver is out of my league now...even the common date silver coins! So now I guess I am at a crossroads. I would like to continue to put together sets but now those sets will be incomplete if I can't afford the common silvers. In a way I wish silver was never used for coins and just be left to bullion coins. Maybe I am wrong to think this, I don't know. I mean I really don't wanna pay $15-$20 for BU silver Kennedy halves. Any comments? Can anyone relate or in a similar situation? |
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Pillar of the Community
Canada
1554 Posts |
 Have you ever considered "stamp collecting"? Glenn  |
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Pillar of the Community
United States
505 Posts |
I think everyone here can relate to that and I think silver will fall at some point,but,I dont believe it ever get back to the 4 or 5 dollar area!
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Valued Member
United States
417 Posts |
Collect Beer Cans. Lots of different ones and fun to empty.  |
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Valued Member
United States
497 Posts |
Well I've sorta took a break on my silver collections. Try doing copper coins. I'm starting my wheats.
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Pillar of the Community
 United States
4867 Posts |
For now I may start my wheats back up, from scratch though.
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Pillar of the Community
United States
651 Posts |
I can relate to it too. Mexican coins for a long time were very affordable especially the rare keys.
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Valued Member
United States
123 Posts |
Yeah, my suggestion was going to be to collect pennies. Buffalo nickels would be a fun set to do as well. What about foreign coins? |
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Pillar of the Community
United States
1150 Posts |
There are some good suggestions above. I would stick with wheat cents, however the keys can get pricey in decent grades. With that being said, and if I were you, I would stick with Roosevelt dimes which can all be had for bullion price (one key wheat can cost what an entire collection of roosevelts would), Jefferson nickels or clad coins of any denomination. |
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Rest in Peace
United States
4078 Posts |
TheForce, having a little knowledge of the area which you live. I would think there would be some opportunities for you. Good luck. A fellow Michigander.
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Pillar of the Community
United States
2661 Posts |
I have switched to coppers myself, Wheats and IHC's. I will still buy a Franklin on occasion if the price is right. Picked up an AU 57 & 51D yesterday for $13.50 each at the Pawn shop. I was given a deal because I help them out when they get a bunch of coins in, they do not know much about coins and others come in and try to get over on the guys. Pulled a Seated half and a bust half out of a bag of about 600 mixed dates. Helped them look up the grade and value so they could post them up on ebay to sell. So they cut me a good deal on the common stuff. They let me have all the IHC's they get for $1 each and I pay 4 cents for Wheats. |
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Pillar of the Community
United States
4867 Posts |
Great suggestions indeed, thanks! I do have a nice collection of Canadian coins but I wanna get in on the US coin bandwagon once again.
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New Member
16 Posts |
The market has a strong factor on what and how you collect. Let's face it those of us in 9-5er's are not doing too good. I have been lucky enough to have a fall back plan with my silver and a few gold pieces. I also have a small office where I conduct coin business. I am and always have been big on small cents and most of my clients have switched from silver and gold to the good old stand by of cooper. I have had a reserve of almost 50,000 wheats that people would look through and say "that's nice" but wheres the gold, those same people are digging through my stock like cents were silver. This past week I made over 20 starter sets for my regulars and they were thrilled.
A short awnser would be wait until the market settles and jump back in and get some sets done before the next rise in bullion. Or jump in now with little to start with and get disappointed because you can't make the sets you want to finish.
Here's how I look at my collecting. If I make a profit then great. If I take a loss, too bad. If I break even then that's fair. At least this little hobby of mine has made me and my kids happy along the way.
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Bedrock of the Community
United States
20753 Posts |
Quote:
Have you ever considered "stamp collecting"?
Glenn
Or Beanie Babies. Possibly Hot Wheel Cars or even sports cards. Although those are sort of on the downside lately. A good thing to start collecting would be Buggy Whips. At the price of gasoline I predict the Horse and Buggy will soon return.   In reality many, many people have gone up and down in their lives monitarily and lately much more so than in the past. The smart ones just start over and don't look back. You've just got to move on and forget yesterday. Yes some, many coin price have gone up, up, up. But if you don't start today, maybe tomorrow will be one of those I'll wait one more day things. Coin collecting is a hobby and should be done for mostly fun. If you think Silver coins are to expensive for you, then forget them for now and do the Pennies and Nickels. For many of those all you need is a pile from a bank, friends, relatives, etc. This is a hobby and it should make you feel good, not something to keep thinking about yesterday. Move on and forget the hard times if possible. I'm rather on the old side and I always remember a song by a guy named Franky Lane. In that song there was a statement "Remember all the people not tired cause their dead, don't cry little children, don't cry" |
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Pillar of the Community
United States
817 Posts |
Carl that was very touching.
I'm, I'm all choaked up.
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Pillar of the Community
United States
642 Posts |
I'm going to second a lot of previous posters and suggest copper US coins. Early copper is one of my favorites.  You could also consider US Paper Bills? (also a big favorite) |
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Replies: 20 / Views: 2,548 |
Posted 08/07/2011 1:34 pm
