How to support your shiny habit? posted by stuartt

[CSJournals-migration]

Does this sound familiar? "you buy one more coin this month and thats it you'll be sleeping with them!"

 

Unless you are independently wealthy the difference between 'ooo shiny I gotta have it' and 'aww I cant afford it' is frequently not very far apart. So what is a collector on a budget to do? Personally I use the culling method to build my sets and collections. I invest in junk silver and that has helped me to start a nice collection of standing liberty halves (I even have a xf 1917S OBV that I only paid 10.00 for) yes it isn't slabbed but thats the point. I have the coin, now as time goes on trading and selling you save enough to buy a better coin or you luck out and get a better coin. Then eventually you have a coin worth grading or you have the funds to buy a graded coin at auction. And you have had the joy of owning a coin that is on the rare side. So I may never own a ms 65 1917S OBV I still have the coin in my set.

 

Happy hunting and if you have any ideas on 'supporting your shiny habit' let me know.

stuart.

 

See more journals by stuartt

[Kenneth F]

I started the "coin fund". Its a collection jar that I stuff cash into once a week. At the end of the year, you have "ooo shiny I gotta have it" money. What helps me is that when I deploy, that jar remains untouched for the whole year.. no temptation to raid it prior to years end.

[The Fielding Collection]

I also cull through rolls of coins trying to get a full roll of each year. And as I learn more about grading my raw coins I will sent them into NGC for grading. as for the junk. I simple bag them up and take them back to the bank for more rolls of coins. they don't like it but with the money that go's through that bank on my part every month they don't have much of a choice. Its a love hate relationship but they'll get over it. W M Fielding

[Six Mile Rick]

Sorry!! I don't have a SHINY HABIT>>>>More like an ADDICTION. HeHe

[newprepper]

What helps me is that when I deploy, that jar remains untouched for the whole year.

 

If you reduced what you spend on cars, crotch rocket, alcohol, and women, (both kinds, illicit and licit) you would have plenty, especially when you deployed. Unless you are married with children, then you will never have enough. Been there, done that, still have the t shirt, holes and all.

SSG Newprepper Army................. wish I had all I spent on those things

[newprepper]

Does this sound familiar? "you buy one more coin this month and thats it you'll be sleeping with them

 

They never talk back or start fights.............................

[Ultra Cameo Collection]

The trick is to get others to put money into your jar. Or get a bigger jar, like a 5 gallon water jug.

 

Buy those coins or pay the mortgage, hmm very difficult decision.

[SPHansen]

I buy and sell coins (and now notes) to fund my collection. I look for deals, and then use the profits to fund my habit Its been fun, educational and very successful for me. I also just took on a part-time job, both to help out some friends, and to make a nice amount of extra cash

 

 

[Stuartt]

With two kids in college the coins in the jar go to paying for books. I sell coins and try to take one or two a month errrr year. Trying to get more into the collector area than the investor area that i've been in and move towards graded coins thanks for the advice.

[newprepper]

I do the ebay thing also, buy lots on ebay and sell back as singles. pays for alot of my toys. not coins though, so far only buy

[Stuartt]

Just bought a lot at teletrade hope to keep one and sell the other. Just finding that keeping focus in difficult. :-)

[newprepper]

I dont know enough about coins to find the deals, but in my niche I bought a box with 175 items in it for 435 bucks, sell most items for 10-25 a piece.

[mkman123]

I buy and upgrade or trade things once I don't like them, doesn't cost anything just a redo of the collection without spending any extra money