Poll: Most you (a collector) have spent on a coin

I tend to try and collect coins of a series, in about, or close, to the same grade. I try to collect the grade that I can afford the key to the series in. Why collect a bunch of really pretty coins, then put an ugly, worn out, coin in the middle of them. I voted also.

 

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And this is also how many advanced collectors acquire more expensive items - trading in several smaller coins. I have done this several times. Another trend I have noticed is that some advanced collectors will become pocket vest coin dealers on series that they do not collect, and flip the money to increase the coin budget. I have done this too.

 

Unfortunately I don't get to enough shows for vest pocket dealing to be very effective anymore, but it has worked for me in the past as well. I usually keep an eye out for dealer want lists and go on the hunt. Even if I can turn ten percent or so, it a quick flip and is cash in hand.

 

Kirkuleez, I think you need more wooing on your typing: I don't get to enough shows for vest pocket dealing to be very effective anymore, but it has wooed for me in the past as well.


Grammar cat has spoken!

 

There is an enormous difference between the most ever spent, vs usual purchases.

One may purchase a F-12 1916 Stand Lib 25 quarter, and never spend $5,000 + on another coin.

But, regularly spend say $500 to $1,000 on a piece.

 

You are correct, but my point was that most people have never spent $10K on even one coin, so thinking they have a whole collection of coins of that caliber and would need to have a dealer "on call" to go to auctions to bid for them was laughable.

 

ah, that is a very different point.

 

Thanks for the catch. Stupid autocorrect.

 

Those types don't live in the real world. Jeeves does everything for them........

 

I am in the top range of $500 to $900 but that has only been a couple of times. The vast majority of mine are in the $150 to $350 range. I feel lucky to have the collection I have.

Whoever believed that $10,000 or more purchases are commonplace certainly is breathing more rarified air than this humble narrator.

 

I've only ever exceeded $500 once for a single-coin purchase, but my next $1000+ single-coin sale will be far from the first.

 

I've purchased a few between $2-3K. I can't imagine spending $10K on one single coin. I think you can add many great coins well below that figure.

 

I voted but that number is well above my normal purchase. Since I like world coins so much, I'm usually under $100. I think hard on anything over $300 - is it a good coin, do I really want it, etc

 

Wow! We have some big spenders here. Luckily for me, I bought my coterie of gold and platinum coins when they cost around $450 per oz.

 

Actually, there ARE a lot of collectors who regularly spend 10K plus on individual coins. And, yes, at that level you had better have someone representing you at auction--especially if you are too busy earning the money to pay for them to attend the sale yourself.



I'm not one of those collectors.

 

Ha ave you guys seen Ancient Joe's collection? He may be the outlier here, towards the expensive.

 

I know the poll is about coins, but if it were to include paper, then mine would be higher. To explain it better, I love paper, but have an affair with coins.

 

Regardless of our budget we should all feel very fortunate to have the disposable income to spend anything on coins. It seems that the economy is not going in the right direction for a large part of our population. Hopefully in the future there will be more opportunities for more people to put money into our wonderful hobby!

 

Oh the OPs' name is Brandon too? How funny, so is mine

 

This thread seems strange not to have any coins in it. These are my only current holdings that would make the top end of the poll and a pot of gumbo simmering on my stove. Trust me it's a 10K+ pot of gumbo.