Buying multiples of the same exact coin?

Huh?

T/Y

 

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Oh, it was intended lightheartedly, but anyhow... "one for inspection and one for use." Generally referring to items for survival: knife, lighter, etc. Back OT, I also thoroughly enjoy comparing 2+ of the same grade/date.

 

I see nothing wrong at all, but then again I am a coin hoarder.

Seriously, what would be the issue? No one has the right to tell you how to collect, maybe you want to have a collection of 100 1921 Peace dollars. Not a dang thing wrong with that.

If ANYONE ever tells you how to enjoy your hobby, tell them where they can shove that opinion. Buy what gives you pleasure, the heck with anyone else's opinion.

 

I'm beginning to become a coin hoarder too. Sometimes I forget which dates of coins I have already and that has led to buying multiples already. And I have never sold a coin yet.

Treashunt, pretty cool collection you got.

 

Agreed!

Collect what & how you enjoy it.

T/Y.

 

With coins you need to be careful, have patience, and most importantly, know what you are doing if profit is your motive. The 21 Peace, while a beautiful and fine coin, is far from rare or even scarce. Near countless examples can be found in all grades and conditions at most any time, so no need to jump on your local dealer's coin unless its the right one for you. If the coin has any problems and/or is not priced fairly, another better coin will come along. Personally, I would caution against buying the average $100 21 Peace as an investment. It may be wisest to wait or save to buy a higher-end, well struck example since these are popular and quality often pays (as does originality). Learn how to identify coins minted with proof dies. On more than one occasion I've seen such coins sell for rather substantial premiums over "regular" specimens of the same grade. However, your enjoyment is whats most important here and if you will get $100 worth of pleasure out of his coin, its money well spent.

 

Now that's darn good advice for a wide variety of applications. I just changed the specifics to XYZ...hope that's O.K.!

 

I just fell in love with your collection Treasure!!
Nicely done.

 

My duplicate NGC Jefferson Nickel registry sets are ranked in the top 16, I guess I have to say it is okay.

 

I'm in the buy it if you like it camp. I have quite a few 1864 Large Motto two cent pieces. Twenty three are in a grading set, 2 are in Registry sets with one being a proof, another in a type set, and yet one more in a AU raw set.

 

I would call that investing vs collecting unless you are upgrading and plan on selling the worse coin.

 

Why is that? Is there something wrong with people wanting multiples of a certain date? Maybe they had different strikes, different grades, etc. I have many multiples of some ancient coins just to see the differences in style between them.

I guess I simply refuse to dictate what/how/when/why/ or where someone collects. If they buy something for the enjoyment of ownership, to me its collecting.

Btw I own half a roll of 27s quarters, and a BU rolls of the 38 and 39 nickels. Does that mean I am not collecting them? I will never sell, so I don't think you can call it investing.

 

Oh trust me if I do buy the coin its not really for investment. I have a weakness for AU Peace Dollars with strong strikes, weird.

On the other hand the other day I was looking at my Morgan collection and noticed quite a few doubles. Unfortunately they are common dates.

 

I guess added a few more to this early group, not in photo.




and here , NGC group. Also have a photo of PCGS group some place. The 2 improperly cleaned came from the same roll as rest, so sent to PCGS and they cleared OK.

 

I have 2 of the same CC morgans i made a mistake buying the second as I didn't think I one. I do have 2 Jefferson 1950-D MS 66 one I plan to sell and to keep one and hope the value goes up. I may keep both though for a few years and see what happens.

 

How do bank sealed rolls factor into this topic?

 

I bought rolls of nickels. How is that not buying 39 duplicates?

Sorry, I thought my buying a roll of 39d nickels is basically the same as me buying 18 Cleopatra VII bronzes, or a group of 8 Class I anonymous bronzes.

If your definition of "collector" only means you buy one of each date, then by that definition me buying a roll of a key date was me buying 1 example to "collect", and 39 duplicates.

That is why I brought it up.

 

As a general rule, I don't collect duplicates but ...

I agree with vdbpenny1995. Enjoy the hobby. As a general rule, I don't collect duplicates but I have duplicates of some coins that are near & dear to my heart. I also have duplicates of coins that have become expensive or may have potential go up in value. The duplicates are part of my enjoyment of the hobby. For example, I have duplicates of these coins:

 

t/y