Ways to stop collecting coins.

the answer is "no way jose". but, there should be ways to stop for a while and do some other things or hobbies. if any, please tell us.

 

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I am not sure exactly what you are asking, but the closest I have ever been able to come to stopping collecting numismatic coins was to focus on putting my money into one ounce silver bars and rounds for awhile. I did this because I believe silver is currently undervalued and will eventually rise dramatically in price, so I set a goal of obtaining 1,000 ounces of silver in one ounce bars, rounds, and American Eagles. (purchased at about 10-20 or so ounces per pay check.) What ended up happening is the coin collector in me wanted to keep them all perfect, so I ended up buying Airtites for each piece, lowering the possible gains for each one...and then I got really interested in the different silver art bars and rounds from the 70's and started trying to get as many different designs as I could, so it ended up being about collecting anyway, and not so much about the bullion, lol. When I hit my goal, I got a safe deposit box, stuck them all in there, and am now back to numismatic coins. So I guess I am a collector at heart, and always will be.

 

Yeah.

All im buying are silver coins, knowing they will increase in value...But I doubt I will ever sell them, I just love them all so much.

Silver bars on the other hand.


Just store your coins away, and not look at them...me the more I look at them, the more coins I want.

 

I'm currently going into a coin dry period right now. Currently i'm buying books instead. New books at the moment (but i do occasionally buy antique books as well).

 

Thread caught my eye............

Hi all,

I haven't posted since last year, why? cause I know how to STOP, lol

Other hobbies, like Oil Painting on Location, May thru Oct, and Military Modeling and Figure painting during the winter months during which time I actively buy my coins.
I do read about Numismatics all year though, It does come to a spending factor too,during the warm months, there are many other things to spend my money on.

Well, that's just the way I do it, I will be starting to collect again within the next month of so. Looking foward to it too

Regards Tony

 

Try losing your job.

I am 13 weeks from being outsourced (Merry Christmas!) and all collecting beyond checking pocket change has stopped. No quick trips to the shops for a couple hole fillers, no shows, no online ordering and no Barnes and Noble for the latest COIN, COIN PRICES, COIN WORLD, COIN VALUES or any other coin-related publication. I am going through the collections trying to determine what to keep and what to cash in. Junk silver, early Lincoln extras, Mercs and Proof Sets are already on the "Gone!" pile with 5 binders of World coins in the "undecided" heap.

My goal is to have everything fit in one box when I'm done and then pack the box away and never look at it again. It will become my daughter's problem some day.

 

My coin purchases are a direct result of my poker winnings. No wins, no collecting. I, like many of you try to buy mostly silver. I just love the ASE series and I like buying them by the roll. Only four months or so till the 2006 rolls!

 

You know Anchor, this is the best thread you have posted so far. In fact, I'm going to show you just how easy it is to quit.
I quit!

As simple as that!

 

Dan where in WY are you from? I'm a neighbor to the east in Deadwood.

 

Deadwood like in Wild Bill Deadwood?

If a person loves coins and has the money to pursue their love, why stop.
Life without a passion is an empty life and it is up to us to find our own individual passions whatever they may be.

 

I quit directly after each purchase

 

Somewhere out there is a very fine line between quitting and "stupid." I quit for 30 years, but still kept an occasional coin that came my way because it would have been stupid to spend it or not buy it. Right now I've sort of semi-quit. Most coins that sell purely on numismatic value seem overpriced to me. I'm buying silver below bullion value, and filling Whitman folders with pocket change to pass the time until prices seem a bit more sane. But right now there isn't any "must have" coin or series that tempts me into paying current prices. However, I freely admit that my approach is highly likely to turn out to be wrong. So maybe I haven't quit, but I'm moving in slow motion.

 

Just like Wild Bill

 

hey, i quit smoking. but coin collecting? no way!

I do start and stop collections alot, but hey.... i may have ADD

I mostly stopped collecting US coins because of the high costs, but i won;t pass up a deal if i see one. My favorite saying about coin collecting: It's the only hobby you can spend all of your money on and still have money

 

I took up coins for the first time when I was about 11. Stayed with it for a few years, but then stopped when I hit about 14 or 15 (girls, then college, then a first post-college job, then my first pass at graduate school). I kept my collection, checked my change, and occasionally went to the coin store (when we had one in my hometown - they come and go). In about 1996, I picked it up again. And you can tell my then girlfriend (now mother of my children) started encouraging me (an encouraged collecter - yikes! ) in 1999. That's the date from which I assembled on the cheap the modern coins.

So it can be done, at least partially. You just need something else to occupy your mind.

 

ways to stop collecting coins

put your money into the stock market.

 

ways to stop collecting

jump from a window or until you die. no way to stop that.

 

well.. buy a guitar. and sit and play

you'll get addicted.

 

Soo true!

 

I used to be real heavy into coins, so much so the local coin shop owner approached me about working there (since I was there most of the time anyway). One day he gave me a Civil War token from our town (from a company that is still around today that my father was working for) and that got me started into exonumia. So much more interesting history IMO than collecting government coinage.