How can that make one a victim if thats what they like to do? Ive said it a million times....collecting isn't about monetary value. If it is you're an investor, not a collector. I'd rather have the coins I like and not worry about how much they are worth or what they'll fetch at auction when I'm gone. Thats ridiculous.
IMO, the only dumb way to collect coins is going into debt to buy them or continuing to carry debt using money that can go towards getting rid of 18% interest. If debt is not returning more than what your payiny to carry it, then it's your slave master. Other than that, there is no wrong way to collect. I never had so much fun collecting as when I was going to coin shows buying Peru Un Sol crowns. They have a seated motiff and even tone grey like seated dollars. Why should I like them any less than actual seated seated dollars, just because no one else wanted them and I was buying them for scrap when silver was hovering at $6. Thanks, suckers!
I have a question for you Detecto. if you had to sell all your coins and use the money to buy only ONE coin, what would that coin be ? just curious what your dream coins are I don't own very many coins.
I get two themes so far from this post. One is keep everything you buy because you love it and then savor it. The other is buy and sell everything for a profit. I am right in the middle. I keep what I really like (for a while) and then sell it for a profit, along with what I don't like for a bigger profit.
I only buy a couple to a few coins a year, and when I do, I go for the best I can afford. I have a small collection, yes, but it's very good. That's my style, anyway. Buy to buy once, not to upgrade later, and get the key dates first. Sent from my SHV-E300K using Tapatalk 4
I took about $100 worth of my collection and sold it all at a flea market this morning. All the stuff that had rim dings, corrosion, wear, etc. Although that was 1/3 of my collection, I now have money for better coins, and all "junk" is gone.
I collect for the enjoyment of collecting. Coins are special to me. I have my favorites, walkers,and I also love modern commoratives that have to do with the military. I present them to my friends who also served. It make me feel good and the guys love them.