Hobby & Investing…

This doen't really have much to do with coin investing except to say that it could be much worse.

Remember Jack Dorsey selling his first tweet as a NFT for 2.9 million? Well it hasn't exactly gone to the moon since then. Or for that matter, even rivaled jumps from a Made In Taiwan Pogo Stick.

https://www.forbes.com/sites/jeffka...st-tweet-nft-plummeted-99-in-value-in-a-year/

I really doubt that a coin once owned by Bowers, Ford, Newman or any numismatical heavy weight would ever lose so much value.

 

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I've been told that there's a fine line between "Hobby" and "mental illness".

 

In part because they bought good coins, real coins, not imaginary fluff. I was very pleased to buy the 6th cheapest item in the Newman sale because he had a great eye for coins. But it's still just worth the $110 I paid for it five years ago.

 

Listen to GDJMSP. Coins make a terrible investment.

Ed Norton once insulted Ralph Kramden by saying "May a rich uncle die and leave you a million dollars... ...in bus tokens.". I was way ahead of the curve in mint and proof sets and have done exceedingly well on them... ...on paper. Realizing my profits might require another lifetime.

There's a lot life left in mint sets. One of these days people will wake up and realize they're about all gone now.

Be any of this as it may the point is coin collecting is the best hobby in the world and can bring you into contact with many of the best people in the world. It's a lot of fun and very educational as well.

By the way I also collect... ...bus tokens.

 

@cladking what kind of avatar is that?

 

Incredibly it's a one dimensional rendition of a four dimensional "idea" that was used to build the great pyramids of Egypt; a linear funicular.

It is widely misinterpreted as a two dimensional drawing of a parade float used in ceremonies in Egypt for many centuries and dates back to about 1800 BC.

Our funiculars go back and forth on a double track. Egyptian funiculars went "to and fro" on a longer track. The irony is that the world's hugest coin collection was constructed in between the two parts of the machine. The pyramid is composed of 6 1/2 million tons of nummulitic limestone. These nummulites probably led to the concept of "heads" and "tails" on coins because they were also used by Greek children in a game. The dorsal and ventral sides were called heads and tails.

Maybe...

Reality is digital, it would seem.

I bet that was more than you wanted to know.

 

Is that what your Therapist said?

 

Bravo, Bravo, Bellissimo!! As an Italian, I appreciated that.

 

There's been alot of good advice so far that I would generally agree with but this reply stood out to me for a couple reasons. The main reason is that there is a difference between "investment" and "has a value".

As an investment, my coin "accumulation" is terrible, I'm aware that every coin I buy would likely be a loss if I resold it.

HOWEVER - that doesn't mean they don't have value, especially in the future to someone who did not have to pay for them. That's part of why I try to keep good records of my coins, I give them inventory numbers and keep spreadsheets so that one day my kids have a reference should they wish to sell them or keep them or whatever.

Wow, that's super cool and definitely not more than I wanted to know. I'm a bit of an egypt nerd, I have tattoos of Isis, the pyramids of Giza, and an Ankh. I took an ancient civilization course in college just for funsies. I don't spend near the time learning as I'd like to - too many hobbies. lol

 

I've always said that is one of my favorite things about coins. You will never know at all but it sure is fun to try!

 

Grazie Mille. Here’s a little on the happy song’s origin. It was actually a marketing stunt to get the tourists to take a chance on the funicular, they were afraid of the thing. Look up the English translation, if you like, it’s saying don’t be so down all the time, get out there and live a little. In a nut...

https://en.m.wikipedia.org/wiki/Funiculì,_Funiculà

 

This one is my favorite;



Funiculars are generally pretty safe. There is a legend that I interpret to mean the "ferryman" who filled the counterweight walked away from his job and overfilled the "h3w-boat" (my avatar) causing a serious injury accident and was punished by having his toes removed.

History is even more complicated than coins though both have a way of coming full circle.

 

Tell that to those early Pompeian tourists they’re pretty safe, lol. What marvelous voice and tempo, though. Suppose Mario Lanza has always been my fav on this. I love all the good versions, actually, and there are lots.