I collect lots of different us coins.I am trying to compelte lincoln cents indian cents at the moment and added a few coins to my type set, I see many of you buying nice coins and wondering how much do ye spend a m0nth Im in the 50 to 100 dollar range
My fiance' .... a brick at what I spent this month. Over a grand. Just a hair over though. "You have an addiction to buying coins!"
Depends on what is available, what my funds look like, and what I am in the mood for. This last month was "bad", I probably spent about $3400. Other months I might get by with $100. Its variable.
I just whipped out Excel: 119 coins purchased in last 6 years: Average coin price paid: $30 Average coins per year: 20 Average coins per month: 1.6 coins Average cost per month: $50 But if I only include last 2 years: 58 coins purchased Average coin price paid: $48 Average coins per year: 29 Average coins per month: 2.4 coins Average cost per month: $117 Yeah, my tastes have gotten more expensive.
My response would be a lot like medoraman. I typically have one "big" coin purchase every 6months and then spend very little for the next couple of months. It really just depends on my mood, as well as show/auction schedules. Now that I have another child on the way, I'll probably have to curtail my expenditures a bit in preparation.
Too much some months and not enough others. Depends what I find at the LCS's. Lately they have not been getting good items in. Just junk silver.
I've purchased a single coin for my collection this year, so the average would heavily be skewed by that one month "splurge".
many people will not answer this question. I have slowed down my buying due to my high debt problem. I used to spend about $100 a month. more on other single coins.
far from rich...more like young and stupid to be spending so foolishly on a 'collectible' although I do receive immense enjoyment out of what I do and can possibly recuperate a large portion of my spent money on what I have collected.
Being self employed it can vary dramatically last year lowest month 0 highest $8600 in the last year around 30k had a good year in my 2 businesses and the coins are an investment I can live with and enjoy!! I don't have a retirement stocks bonds etc I buy coins antiques paintings and real estate and will sell one to buy another if I need to and love it almost liquidated a lot to buy another house this spring kicking myself for not doing it but wasn't physically up for another major project best thing about coins their small beautiful and don't need work!!
Wish I'd done more of it used to buy bu Morgan's for 7-10 ea could've bought $20 gold around $400 ea wish I had didn't have much money either but I could've bought a couple 3 a year sold off most of my collection except a few faves mostly early copper in 2000 to buy my house but I've looked at prices over 30 years of collectng and wished I'd bought more early on
Sounds like what I'm sort of striving for, plus maybe an actual retirement fund somewhere, but tangible assets are certainly a plus. I wonder if I will see huge spikes in precious metals over the next 40 years of my life?!?!? PS. I do the self employed thing as well, or as close as I can while the Number 1 is still alive (dad). This is definitely my calling though, couldn't imagine working for anyone else at this point.