Do you know the approximate value of your collection?

Discussion in 'Coin Chat' started by jwitten, Jul 29, 2015.

  1. davidh

    davidh soloist gnomic

    That's what bullion collectors like to believe. However, in your scenario you believe you can buy food (for instance) with your bullion. What makes you think someone who has a non-replacable item (food) would want to give it up for a piece of metal? Look at it the other way around, if you had 100 cans of beans with little chance of easily replacing them, would you give up some of them for a few ounces of silver? You can eat beans, silver not so much. In your Mad Max scenario your bullion wouldn't be any more valuable than a bucket of dirt. The only thing I can think of that would have any really trade value is clean water. The only non-food items with any value would be lead and gunpowder (and primers).
     
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  3. Coinchemistry 2012

    Coinchemistry 2012 Well-Known Member

    + arable land
     
  4. Mr. Coin

    Mr. Coin Member

    Agreed. Canned goods and ammo are the ultimate hard currency.
     
  5. Jason Hoffpauir

    Jason Hoffpauir Avid Coin Collector

    LOL. That's a tricky question. Don't feel comfortable answering it. But it is a fair question. Mine is worth a shinny penny. I truly enjoyed collecting the coins I have collected for the past 20-30 years. It will all go to my wife and kids. I guess I will have the approximate worth written down for them and they can decide what to do with them when the time comes. :smuggrin:
     
  6. kanga

    kanga 65 Year Collector

    Yes.
    I know its retail value based on CoinWorld.
    Something I had to do to get a reasonable amount of insurance from Hugh Wood.

    How much I paid is a bit fuzzier.
    MOST coins I have recorded but I got some items before I was keeping records.
     
  7. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    I have receipts for every coin I bought. I store them in loose leaf binders. I then have another loose leaf binder to keep the index of what binder each receipt is in. o_O
     
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  8. Stephan77

    Stephan77 Well-Known Member

    I'm not sure what the value is of my coin collection, but when I die many years from now, I'm taking it with me.
     
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  9. AWORDCREATED

    AWORDCREATED Hardly Noticeable

    Please call your local IRS, they would like to speak with you.

    It is not about that set :D
     
  10. dragondance

    dragondance Member

    I have a rough idea of what they are worth, but I don't collect mainly for the money.
     
  11. AWORDCREATED

    AWORDCREATED Hardly Noticeable

    Unless you consider collecting coins collecting money :D
     
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