BNB Analytics

After hearing and reading a lot of different views on coins here, I begin to ask the question, is our financial situation what drives our coin purchasing? Do we have our ideals/ our dream coins too?

For me, I was lucky to come onto a chunk of dough through trading currencies so I thought big.

But I know if I never had that money, I would probably be only investing in 1-$300 cents.

What about you guys?

__________________
Wisdom from the Bull & the Bear(BNB): "Always find the true value of your investment. How you may ask? By seeing what others like us are willing to pay for that same item. Forget dealer's opinions and price guides; the real value comes from what we're willing to pay from sites like ebay or heritage.."

Ardatirion

Its an interesting question. My budget at the moment is a bit skewed. Normally, I only spend around $100 a month on coins. But I've been selling a lot of stuff lately, so that numbers up a good bit.

__________________
My Ancient Coin Collection

TheBigH

Well, usually my collecting budget is pretty low, but I made some extra money when I came upon a previously unknown type of Seated Liberty coin when I was working on an old building I bought. The coin was in the cornerstone of this old building I bought in San Francisco that I turned into loft apartments. I also found several reducing lathes and defaced coinage dies in the basement. I wonder what the building used to be anyway?

CamaroDMD

My budget is very low at the moment. Maybe, $50 a month at the most. I am in dental school which is eating up over $60,000 a year in loan money...so, I don't have much extra cash to spend.

__________________
The Truth About "O" Mint Morgan Dollars

BNB Analytics

Eek, I am very anti-loan but realize you sometimes need it to succeed in the long term.

However, I really hope you get that paid off because some people don't.

__________________
Wisdom from the Bull & the Bear(BNB): "Always find the true value of your investment. How you may ask? By seeing what others like us are willing to pay for that same item. Forget dealer's opinions and price guides; the real value comes from what we're willing to pay from sites like ebay or heritage.."

BNB Analytics

Why have you been selling more lately?

__________________
Wisdom from the Bull & the Bear(BNB): "Always find the true value of your investment. How you may ask? By seeing what others like us are willing to pay for that same item. Forget dealer's opinions and price guides; the real value comes from what we're willing to pay from sites like ebay or heritage.."

Ardatirion

Changing tastes. I decided that any coins I can replace aren't ones that I need in my collection.

__________________
My Ancient Coin Collection

TheBigH

That's a good idea. It's fun to sell a bunch of coins and have a really big budget for a while. It makes you feel like a real high-stakes collector!

coleguy

I've never really set a budget for hobbies. Sometimes I might spend $300 a month, sometimes double that, and sometimes I'll go months without buying anything. When I want a coin I just buy it. I obviously can't go crazy and blow every dime I have on coins, but I never buy enough to have to figure up a budget of any kind. Not yet anyways
Guy~

raider34

I'm the same way. Right now I haven't bought a coin in 4 months , hopefully that will change at the Baltimore show next week.

__________________
WINS# 801
http://www.banknotebank.com/?collection=raider34
My WWII Paper Money Collection

Leadfoot

I follow a fairly strict budgeting process. I set aside a certain amount of money each month for "play". My coin purchases comes out of this fun money.

Unfortunately, I've been accumulating money in this account for some time now, and haven't been able to find coins that I like to spend money on.

hontonai

I only spend what I can afford.

My wife and my CPA are the only people with any right to know how much that is.

__________________
Ethical conduct is being honest when no one is watching.

silvrluvr

I have a 'silver' budget, instead of 'gold'. I've caught up on my silver sets and am saving up to be able to start buying gold bullion by next summer. My stereo microscope cost far more than the total of my silver holdings, and I absolutely love it. I've got $1000 in pocket change to look through this winter, and if I don't find anything, that's okay. I have all statehood quarter silver proofs, and I'm working on finishing up my proof ASEs. BNB, are you ready to sell me that '95-W for $1000 yet? LOL I may never be able to afford that coin if it keeps going up, but that's okay. I never have buyer's remorse about anything. I know exactly what I want and budget accordingly. I'm 47 and on Social Security disability, so I don't have the 'gold' budget, and that's okay. I'm in it for fun.
Are we all having fun?

__________________
-Jeff in MN
_______________________________________
buy, buy, buy, sell, buy it back, buy, buy, buy....

fretboard

I agree with the above except I stay away from the $300 mark, I mean I will pay $300 + a little more but not too often. It's just not in my budget, besides my wife would be on me like white on rice and I don't need the aggravation!!

Attached Images

 

900fine

My coin hobby is largely self-supporting right now... sell a few, buy a few. So my budget is based on sales.