I hope that TDN and Oreville don't mind but I am going to repost something they

[MAULEMALL]

Posted across the street....

 

 

 

 

 

tradedollarnut

Choose Your Title

 

Posts: 14841

Joined: Oct 2001

Thursday May 31, 2007 4:39 PM

 

 

 

Post by Oreville in the Box of 20 thread:

 

 

I have discussed with Jay Parrino his concept of box of twenty for hours and HOURS on end.

 

First of all, he never advocated that coin collectors collected only 20 coins and no more.

 

What he DID ADVOCATE was to try to limit your "serious" coins to just twenty or just forty if at all possible.

Why?

 

Four fold:

 

ONE:

QUANTITY MEANS RUNNING OUT OF MONEY TOO FAST

 

After having twenty SLABBED (or forty serious SLABBED coins) that is going to start to drain a lot of money from your budget. One should try to "limit" him or herself.

 

Now "serious" coins is relative to each collector or investor and can be as little as $20-100 valued coins for students, etc. They do NOT necessary mean the mega valued or even the $1000 valued coins we hear or talk about.

 

Every collector has some coins that are relatively more expensive (or what we call "serious") than the others. The serious coins should have a quantitative limit the "other coins" which are the fun coins do not have such limit. They are FUN coins!

 

 

 

TWO:

QUANTITY MEANS FORGETTING

 

 

The serious coins should be something the collector should remember instantaneously in his head. Once you start getting beyond 40 or 60 serious, you risk decreased enjoyment of such coins since they are locked away in a vault or a safe anyway and the sheer quantity means less time you can spend with each coin studying it, admiring it, attributing it, cataloguing it, learning its history, etc, .etc.

 

 

 

THREE

QUANTITY MEANS MISSING OUT ON THE COIN(S) YOU REALLY WANT

 

There is nothing more troubling to a collector than missing out on a coin he really wanted because he overextended himself on easily replaceable coins. It happens to all of us. The box of twenty is just a concept to remind us that we need to "control" and behave ourselves! Just don't buy everything that comes along.

 

 

FOUR

QUANTITY MEANS POSSIBLE LACK OF PATIENCE

 

If you want the right coin for your collection (could mean high end for the grade of a $50 valued coin) you need to be patient and wait for it to come along. You cannot always hurry things along or you will overpay or end up with low end coins for the grade or coins that don't match well in your set.

 

One last coimment:

 

Jay Parrino once displayed the Eliasberg 1913 Liberty nickel in his showcase back in 1999, long before Legend and TDN acquired this same nickel. What coins had the honor of sharing the limelight with that nickel? About 20 dateless buffalo nickels of which at least a half a dozen were 1913 buffalo nickels. Why? To show that one could be serious about coins and also have fun collecting inexpensive coins. When the kids looked at the display of the "exalted" 1913 nickel with the buffalo nickel, they wanted to see the buffalo nickels first and!

 

 

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[MunkyMan95]

Beautifully said. I agree with every word

[bsshog40]

So true!!

[curly-migration]

 

 

Excellent post! Keep it simple.