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How do you finance your collection?

Started by MunkyMan95,

How do you finance your coin collection?  

162 members have voted

  1. 1. How do you finance your coin collection?

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34 posts in this topic

MunkyMan95

MunkyMan95

Posted
Posted

Some of the members here have near unlimited budgets when it comes to their coin collections. I was wondering how it got to be that way. Take this poll and please specify the [other] and [job] options.

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MunkyMan95

MunkyMan95

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Well I can see that our voters are really specifying their jobs and the [other] option! I happen to finance my collection through gifts mostly... and the occasional eBay listing.

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ldhair

ldhair

Posted
Posted

There are two ways to go about life.

 

Work your off at a young age and spend the rest of your life playing around.

 

Or, spend your young age playing around and spend the rest of your life working your off. smile.gif

 

Not a joke. Your future is all in your hands.

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Jazzy

Jazzy

Posted
Posted

Hey Chad, I answered your poll as working for a living.

 

The best way to do ANYTHING is to make an honest and satisfying living.

 

Sometimes you don't have the scratch to buy the coins you want, but then you can research and learn - and write, and share your insights with other collectors.

 

But just out of curiosity...how old are you? Are you a YN?

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zrlevin

zrlevin

Posted
Posted

I work hard for my coin money. It's mostly allowance, and I just got a job mowing the lawn for my parents. Boy is that hard work! Sometimes, I get coins or money for my birthday though.

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chinook

chinook

Posted
Posted

Idhair gives good advice.

 

The path I would take is work hard when young. Then you will have more time to not only enjoy the fruits of your labor, but also the wisdom to enjoy LIFE.

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kryptonitecomics

kryptonitecomics

Posted
Posted

While I certainly agree with the others about working hard.....I believe the key to life is good health becuase if you work hard in your youth and put away a nice next egg till you get older......if they body aint willing.......all the money in the world don't mean squat. So I work hard and play hard now.....and enjoy life to the fullest just in case I am not around to collect my Social Security check thumbsup2.gif

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MunkyMan95

MunkyMan95

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Well I'm a pretty young numismatist... A little TOO young in some people's eyes. I guess that even the greatest of collectors had to start somewhere. Zrlevin is that true or are you just fooling around? confused-smiley-013.gif

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MunkyMan95

MunkyMan95

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The whole reason I asked this question is because we had a career day at school the other day and it got me to thinking which field I want to study. I want to make a modest enough living to still support my coin collection, so I decided to ask the greatest collectors around! What do you guys think? I want to have fun at my job, but I don't want to have to sell my collection just to make ends meet...

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IGWT

IGWT

Posted
Posted

Go get your Redbook, find the section toward the end that lists great collectors, and read the short biography of John J. Pittman. Smart is a good substitute for wealthy when it comes to collecting. Here's a link to an interview with Pittman.

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MunkyMan95

MunkyMan95

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That was a great read, IGWT. I am going to work for a camera company until I'm 58, then be the president of 3 countries' Numismatic Associations!

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zrlevin

zrlevin

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Is what true? My post? Yup, it's 100% true, I work hard for my money. The lawnmower is patiently sitting in the garage right now waiting for it to stop raining. 27_laughing.gif

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michael

michael

Posted
Posted

NOT BUYING

 

i am in poor health from a couple of cronic diseases i was born with and if i knew i was going to live this long i would have taken better care of myself 27_laughing.gif

 

selling mode (many are already gone) to finance some sick orphan very young adults

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Jazzy

Jazzy

Posted
Posted
I AM NOT BUYING ANYMORE

 

i am in poor health from a couple of cronic diseases i was born with and if i knew i was going to live this long i would have taken better care of myself 27_laughing.gif

 

selling mode (half are already gone) to finance some sick orphan young man

 

Really?

 

Hey michael...

 

prayers your way cloud9.gif

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michael

michael

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i really and truly do not want or need your prayers 27_laughing.gif

 

i needs actions not words makepoint.gif

 

 

 

 

 

but i guess i appreciate the sentiments expressed 893scratchchin-thumb.gif

 

 

 

 

i can pray for myself cloud9.gif

 

i needs $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

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Jazzy

Jazzy

Posted
Posted
i really and truly do not want or need your prayers 27_laughing.gif

 

i needs actions not words makepoint.gif

 

 

 

 

 

but i guess i appreciate the sentiments expressed 893scratchchin-thumb.gif

 

 

 

 

i can pray for myself cloud9.gif

 

i needs $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

 

OK then, screw the prayers.

 

I'll play the lottery and split the scratch with you when I win. insane.gif

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EZ_E

EZ_E

Posted
Posted
Go get your Redbook, find the section toward the end that lists great collectors, and read the short biography of John J. Pittman. Smart is a good substitute for wealthy when it comes to collecting. Here's a link to an interview with Pittman.

 

WoW! What an outstanding interview. Any idea of when Pittman gave that interview? It must have been after 1987.

 

Notice that he gave $275 for a 1933 $10 gold piece back in the day?

 

It was also interesting to note that he insisted upon the best grade that he could afford at the time and upon the rarity of the piece. The man was most definitely a collector's collector.

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Bruceswar

Bruceswar

Posted
Posted
Well I'm a pretty young numismatist... A little TOO young in some people's eyes. I guess that even the greatest of collectors had to start somewhere. Zrlevin is that true or are you just fooling around? confused-smiley-013.gif

 

 

How old would you be? Its nice that more younger ones are getting into coins... As for how to get coin money... 2 ways... work... or buy and sell coins. Buy 2 proof sets from the year ... one to keep and one to sell... prices always go up on things like that.

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Bruceswar

Bruceswar

Posted
Posted
I work hard for my coin money. It's mostly allowance, and I just got a job mowing the lawn for my parents. Boy is that hard work! Sometimes, I get coins or money for my birthday though.

 

May I ask how old you are. Nice to see more young ones here

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Bruceswar

Bruceswar

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Thats really neat. I think you find you that you like it alot around here. Take a step back and listen to all the pro's here. Many of them around! I have learned a great deal here. I am 22, but have been collecting since I was 7. Never to early to start. What would you say you primarly collect? Also since you mention Diary Queen, I am guessing you live in Texas?

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MunkyMan95

MunkyMan95

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Nope, not a Texan. Just a lowly North Carolinian. I mostly collect US coins, nothing too valuable in my collection. For some reason I seem to be fixated on Nickels, but I am trying to branch out my collection.

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zrlevin

zrlevin

Posted
Posted
I work hard for my coin money. It's mostly allowance, and I just got a job mowing the lawn for my parents. Boy is that hard work! Sometimes, I get coins or money for my birthday though.

 

May I ask how old you are. Nice to see more young ones here

 

I'm fifteen, but I've been collecting since I was ten. I like to collect all sorts of coins, and I'm currently working on a Dansco 7070 type set. I've learned alot since I've joined, and I'd like to thank everyone who made that possible.

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Bruceswar

Bruceswar

Posted
Posted

Thats cool. You should start a collection of Jefferson Nickels. Try a circulated set. Its fun and alot of the coins can still be found in circulation. I am sure you got some valuables coins in your collection. I was in North Carolina last November passing thru on the way back to Texas from up in the North East. North Carolina was a nice state. Stopped for the night in Ashville, If I remember correctly

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MunkyMan95

MunkyMan95

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My grandpa gave me a set of Jefferson nickels. I believe the one albm is from 1938-1964 or something like that. Only missing 10-12 coins. I've been trying to keep that set up, but sometimes it gets lost in other things I want to buy! Zrlevin, I've been trying to start a 7070 type set, but haven't got around to getting an album. There's just not enough hours in the day.......

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MunkyMan95

MunkyMan95

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Lately I've been working on a set of the Westward Journey Nickels. I want to have P&D rolls for each year, and each nickel graded PF 69 UCAM/DCAM. All I need now is the 2003 rolls, and I have yet to recieve the 2006 proof I ordered off of eBay. I've had tons of fun working on this set!

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