Collection or accumulation?

All the traits of a successful investor! My Dad used to say, "Buy the highest grade Key Dates you can afford and leave the rest". Did I listen? ...nope.

 

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Yep, I'm a numisaholic as well! Guess I'll have to work the steps, maybe I'll start tomorrow!

 

Ready to help!

 

Never can have enough

 

Many collectors that have acquired loads of coins over the years have become dealers to liquidate.

 

What a horrific thought. Just gives me the willies to think of selling coins.....

 

Lucky for us not everybody feels that way.

 

Hey,I understand. My firm sells about a billion pounds of food a year. There is always places for sellers. I was simply talking about a collector/hoarder can't really be a seller. I would be like one of those guys on the Hoarders tv show yelling and screaming at the thought of selling something I own, even if I didn't know I owned it until 5 minutes ago.

 

If it's in a tub, it's an accumulation.

 

When you start a spreadsheet to track them all . . . . . . . .

Z

 

Liquidate? Good idea. I may liquidate my ranch so I can buy more coins.

Cal

 

Hi all...I'm 80+, and started when I was 15, when parents brought 4 silver dollars for me from Vegas. Kinda put all my collections aside in mid 70's with exceptions such as gov't issued "collectibles". I thought I was organized. WRONG!! Last year I revisited my collection...took a ton of time as everything was in large suitcases that now reside in guest room closet. When I moved from New England to Florida I rented a van and drove my collection and some antiques south... At 80 I'm now trying to figure out what to do with it all, with a lot less motivation than when I started in 1955.

 

I've thought of this many times actually. Collector vs. accumulator, vs. hoarder.

I collect, it's all organized and cataloged. I also accumulate, like excess wheat cents, Pre-1960 Jefferson nickels with S mint Mark, which are hard to come by where I am. and I accumulate silver in the form of stacking.

At no point am I adverse to selling my accumulations, but I don't want to give it away either but I do give away Wheat Cents or Nickels as "starter sets" in coin folders to children in the family and such, maybe get them interested in the hobby or whatever but just do that randomly, not as a gift for like a birthday or something. For the stack I buy low and sell high and can sit on it for quite a while. but I don't consider it hoarding or any of what I do as hoarding as it's managed and not completely out of control.

even my comics, or my action figures, I've had since a kid, I mean, I'm not going out of my way to sell anything, but all in all it all fills a 10ftx10ft walk in closet and tightly packed to the ceiling, I don't consider it hoarding because it hasn't overrun my life, and I did have it organized when I put it all up and wouldn't be hard to open it up and find what I'm looking for, but I haven't really looked at any of it in decades so in a sense, it's just sitting there doing nothing and technically clutter forgotten for the most part.

I guess Hoarding is considered excessive accumulation of unnecessary items. I guess the comics and action figures could be considered hoarding at this point. totally unnecessary and forgotten by me for the most part.

I guess a collection is an organized accumulation that worked on, while an accumulation is a pile of stuff n, kept but not well organized,
....and a hoard is a pile of stuff out of control and becoming a problem or just neglected and unnecessary but you can't let it go.

 

Your kids or nephew/neice wouldn't want it? I would start there. I know I plan on leaving mine to my children, along with instructions on how to sell them should they not want them and want the money instead.

If no one wants them, you could put into small groups and post here for free under the for sale group. If not, learn how to Ebay and post links for collectors here to check out.

 

a description of my loving wife.

 

Best part about coin collecting, (other than books), is they are small. I have untold thousands of coins, not counting junk silver, and three SDBs basically covers it. In my den I have some large bookshelves, but they look nice and don't look like the Hoarders show. So you are right, coin collectors by themselves usually do not look like the tv shows, since we have the luxury of our items being tiny relative to other accumulations. If I hoarded furniture I would have to have a couple of Morton buildings in fit the equivalent of what I have in coins.

 

Well the truth is out there were all hoarders of some type. Don't tell anyone but, I think we like it this way. The more coins the merrier. We all have to get our coin fix now and then. For me it's going to the LCS to get a new prize every few weeks or taking a roll of circulated common Morgan dollars from my safe and dumping them in my hand. It's nice to have the feeling of REAL money in my hand.

 

A friend's uncle passed away last month and my friend wanted to sell me his "coin collection". Well, there was very little, what I would call collectable. About $100 face in 90% silver and the rest were rolls and 2 x 2's of state quarters, ATB quarters, SAC's and presidential dollars, Kennedy's, 2009 Lincoln cents. After I counted it all, he had $4000 face of spendable modern coins. That's what will happen to all of these new coins. Out of circulation and seigniorage for the mint.

 

That's funny . . . and probably true.

 

I was never a coin collector growing up. My downfall was after my mother died and found out that she had inherited all of my Dad's stuff, which included a couple of large jars of pennies, nickels, and dimes and boxes of silver coins. She lived in California and I live in North Carolina. My brother lives in California, so he got the stash of my fathers. We were to share my father's coins, so, since my brother was in California, it was easier for him to get the coins and do an inventory. My job was to equitably divide the coins from his inventory. I had an "A" and "B" list of coins. I let him pick which list he wanted. My brother put his share in a box and it's sitting in the box of his closet. I offered to by it from him and never got an answer on that, although we call each other a few times a month. Anyway, I started my coin collection from my share, then I discovered ebay and bought quite a few items as well as buying from the mint. I keep a list of my coins and I keep a special list of coins I bought from the Mint. One evening, I went into the den. My wife was sitting in her chair with a sour look on her face. She told me she went into my office and found my list which also lists how much I paid. I won't tell you how much I had spent with the mint from 2008 to 2020, but I have been put out to pasture. I can look, but no buying. ($25K+)