What defines expensive to you?

About 75 is expensive. I have not yet spent more than 85 on a single coin.

 

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Don't think I would call it bull headed and I don't know if you're really eleven, but hey if you don't think you're awesome, no one else will either.

 

Any thing greater than face value

 

I'll spend 400 to $500 on a nice coin but anything over that I have to think about for awhile.

Bruce

 

>$229.95 + shipping

 

You do a good job in selecting fine specimens from what I have seen.

 

If I can pay for it without breaking the bank and the coin is worth more than the asking/auction price, the coin is not too expensive. I have told the story before, but it really applies here. I was bidding on a 1794 Flowing Hair dollar at the FUN show a few years ago and the price was upwards of $80K. I had placed the value between $130 and $140K, so to me, if I could get it under $100, it would have been a good buy. I was going for it back and fourth with a very well respected dealer with MUCH deeper pockets than mine when my wife (now-x) walks on to the floor just in time to see me raise my hand on a bid of $83K. She was not happy to say the least, and suddenly the coin was too expensive even though the price had not gone up. The dealer got the bargain of a lifetime and went home with the coin for $88K plus the juice. He felt the need to rub it in a bit by sending flowers to my wifes work everyday for a week. I'll get him back one day.

 

Similar thing happened to me. Except there was not a "K" on the end of 100 .

 

Well those days are long gone for me, but at one time I could afford some spectacular pieces.

 

I don't like spending more than I can make in a day on a coin on impulse, but I'll spend a couple hundred on a coin I really like. That is if I can keep myself from buying other things to save for it...

 

Gotta agree. The only time I ever go over $300 is if I'm gonna buy a collection. Nothing is a sure thing with collecting coins, you may buy a key date coin and hope to make a couple of hundred dollars off of it, only to find out that demand for that particular coin has dwindled down to nada. That's why you gotta stay on top of current trends. :thumb:

 

Single coin-$30-40. Most expensive set I'm currently putting together is Franklins.

Bullion-$600-$700 at one purchase in a month is getting up there for me. I usually like to spread the enjoyment out of many smaller purchases.

 

I don't know that I have a limit..I just don't go looking for certain coins just to buy..I tend more to be a person that gets lucky and stumbles upon a bargain..When I know I have a bargain I pay what the person is asking..I just can't knock the coin to get a better price..Some folks will find a reason to ask if it can be bought cheaper..I see this all the time at the shows, you have ones that are five dollar pocket books, you have the 20.00 pocket book, you have the 50.00 guys or gals and then you have the 100.00 folks..Everyone of them will ask you what is the best price...Next week you will see them and they will be telling you about their great fine and how cheap they purchased...I guess it is in all of us a little bit mine really shows up when I go to purchase a new truck or car..Will reduce the sticker price by 25% and that is the offer and includes taxes, and all fees ..Sometime it is sucessful other time not...LJ

 

Wow, 5 pages. This is holds the new record for my most lengthy thread. I think I have a pretty accurate idea of what the price range is for the average people (no offence) who don't pick up rarities like penny (cent, I know) rolls at the bank. Now for the next thread...

 

As a college student, I can't really afford anything besides face value or well, free (gotta love those coin counters at the bank).

 

When I began collecting, I would say up to $250 was my comfort level. That was years ago. Like cpm9ball, I'm also retired and now look at upgrading my collection. I do this by selling my weaker coins and purchase high end coins. So common sets (Walkers, Morgans, Franklins, Barbers, etc..) are no longer sought after, in fact, these are the type of coins I'm now selling for the purchase of better. I want to reduce my collection from about 350 pieces to about 10 or 15. However the total investment will be the same. This makes for some really interesting potential purchases, and it's at a time when my accumulated knowledge has/will help me greatly. So the purchases are now up in the mid four figure range and I'm having a very rewarding and satisfying time without spending a dime of extra funds. I'll be at the FUN Show in January and will take some more coins with me to sell while seeking no specific coin to buy. It's a different experience to be able to do this.

 

While I can't fathom only having 15 coins, I can understand the joy of finding that truely special piece.

 

I agree, 15 coins is not a lot, but I had to weigh in several factors. If I could live forever (Or at least as many years more), I think I wouldn't be quite so drastic with my reduction. But since these will be in the hands of my two children eventually, I'm trying to make this easy for them. My best case scenario would be if my son buys out my daughters share. He has an interest, but like all younger people, his spendable income on a hobby is limited at the current time. He could keep these better pieces and begin his own contribution, by buying and affording the same coins I'm now selling. He would go through his own learning curve and be in a good position one day to upgrade as well. If not, it would be easier to liquidate 10 or 15 high quality graded coins than 350 separate good coins. An auction house like Heritage, would be a good option for them. I have already looked into this, partially. Plus, I'm enjoying a part and a level of the hobby I didn't think I would be in. Life sure isn't boring this way and it doesn't impact my life style at all.

 

As a 17 Year old YN who doesn't have a standing job, (I work odd jobs when needed (Mowing Lawns, shoveling snow, cleaning gutters)) I make most of my money buying and selling coins. I then take those profits and buy coins I like. For me, expensive is a bit of a love/hate relationship. If I see a coin I really like, I'd be very comfortable spending approximately $50 on it. If I see a coin with a nice potential profit, I would be willing to spend $150ish. I usually have that kind of money in the bank, but if not, I pass.

I Can't wait until March... I can get a job and maybe even enlist :yes: I just can't wait to receive paychecks to hopefully lift that budget a bit.. All I know is that I have a roof over my head, 3 square, a family that loves me and supports my pursuit in numismatics. Take that away, and the budget will be zero and numismatics would be the very least of my worries.

 

I like it that you're a teenager who works to support their hobby! Good on you (seriously)!

Also, I'm active duty Air Force (I think you know this ), been doing this nearly 10 years now, feel free to PM me and I'd be happy to talk to you about enlisting in the military.