How much in 2008?

My Ebay buy list averages around 600-700 a month BUT my sold column is the same range I like to keep it that way.

 

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Sadly, things are tight for me. I'll keep alive by trading, but my collection won't grow by much

 

50K a year in coins is about what one of my friends spent over the last 3 years. He has some incredible stuff in his safe deposit box, too! He never goes for condition census coins, just great rarities like the starred reverse, 1802 reverse of 1800 half cent, chain cent, etc and it is a lot of fun just seeing him find them. He works awfully hard, but he looks like a child at Christmas when he shows them. I cannot fault him his pleasures since he earned it. Mike

 

Big leap from 1500 to 10k ... will likely be about ... $2k if I get the coin I want...

 

I just cant fathum ... its mind boggling!!!! i can only dream

 

I think I will spend about 600 euros this year, so I suppose it could be 301-750 dollars for 2008, but it could be a little more.

 

I voted but really I have no idea.

 

Not too hard to believe, especially if they are a coin dealer. I personally saw a transaction exceed a million dollars at a coin shop I frequent in Las Vegas. The guy that was working the counter that day said thats not too unusual, as they have several customers who spend that much three of four times a year. And thats peanuts compared to the shopping the store must do to keep a desirable enough inventory on hand to accomodate sells like that.
Guy~

 

Why would this be hard to believe? I know many people who will spend a few hundred thousand at a single auction and not give it much thought. I recall one person who was upset that they were able to purchase "nothing" at an auction. Turns out nothing was just shy of $100,000, but it was "nothing" to them. That's at a single auction, not a full year of buying. We all have different income levels and budgets.

Many people also rotate coins from their collection. You may not be able to afford $20,000 a year in coins, but if you have a $50,000 collection and can spend $5,000 a year, you may sell $20K worth and buy another $25K worth.

If anything, I am surprised at how low most of the estimates are. Over half the respondents said $750 or less next year. I would have expected the average budget to be much higher, in the $2K-3K range.

 

I know dealers can spend that much - its a business, not a personal collection. As collectors, as i said, for someone like me, its truly mind boggling .. i know it happnes 'to other people'... but its just hard me me to imagine!

 

I plan to spend as much as I can afford without my wife finding out and beating me senseless.

 

Thats the true definition of a hobby budget. I know exactly how you feel. Keeping the wife out of the loop is almost as challenging as the hobby itself!
Guy~

 

Holy heck, ain't this the truth! But, we only make so much, so I can only spend so much without it becoming obvious.

I think I spent around $700 during the '06 - '07 year, and probably about $600 during the '07 - '08 year (which obviously isn't over yet). I'm guessing I'll actually be spending more this year, due to the fact that I now have a salary job and quarterly bonuses. Maybe $800 as I'll be buying more gold this year. We'll see.

 

WOW!!!!!!!!
Nice to see that I have company!

 

I,ve been threatened a few times, but not beat yet. (but I'm sure my day is coming)

 

How can I vote?

I have no way of knowing what coins I will find during the year that (a) fit my collecting desires, and (b) are priced at amounts I am willing to pay.

That said, the last few years have been in the $5-15,000 range, so next year may be the same (or more, or less).

 

I had to setup a seperate buy account just because of that, my secret hidin place, no girls allowed, my daughter included.

 

RickyB....
Just some feedback for you...the 2004 Proof 1/10th oz APE in PRF 69 DCAM is going to cost you 775-850 by it self....you might want to up that anty a little bit!

BTW I have all of them Unc and Proof 1997 through 2007 including the 2006 Unc "W" and 2007 Unc "W"

Nice coins and a truly beautiful set!!

RickieB

 

Hey - lying about how much you spend on coins isn't just a guy thing ... I do the same thing - case & point ~ my latest avatar.

 

A little update: I recived a little Rock unc sillver dolar in the mail today and got the evil eye bigtime. Looks like it,s time to back off again.

Hey coingal, I love that $1 gold. I have one of those on my wish list. Mabey next year. I,ll just have to have it mailed to my work address to avoid that beating.