5 questions about your coin interest

I finally got some time to respond to this post.

1) Do you actively collect coins and/or currency?

Yes, My collection of Obverse die caps contains all of 4 coins.


2) What is your favorite coin design and why?

The $10 Indian head gold piece. I think this is by far the nicest looking ever made by the unites states mint. Just a very nice design in general.

3) What is your favorite money-related reference material?

I'm sure it's been said before but Heritages website is a really really really great reference.

4) Do you buy with expectations of realizing a profit on your collection?

Well being a coin dealer the general idea is to make a little bit on each coin we buy.

5) What is the best advice that you can give to a new collector?

Before you spend and of your hard earned money on a coin, make sure to buy a couple of books before hand and read read read them. Then start slow and work your way up.

​

 

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Collect what you enjoy, and seek advise from trusted coin collectors or books before you buy.

 

1) Do you actively collect coins and/or currency?

99% US coins, but I do have some cool currency.

2) What is your favorite coin design and why?

Has to be the Walking Liberty half dollar. The design speaks volumes of United States pride and a significant placement as a world leader. The grades are very distinguishable with proven diagnostics acceptable in the hobby.

3) What is your favorite money-related reference material?

I teethed on the Red Book, my Dad had a dog eared copy from 1955, I buy new issues about every 3 years or so.

4) Do you buy with expectations of realizing a profit on your collection?

Never, I collect what I like. I know they have value, but the value is only what someone else will pay to have my coin at any given time.

5) What is the best advice that you can give to a new collector?

The internet has volumes of information about coins from grading to buying. Old school collectors learned via hard knocks, use this modern tool to it's full potential.

Happy Collecting

 

1) Do you actively collect coins and/or currency?
Yes.
2) What is your favorite coin design and why?
American: Standing Liberty Quarters. I just think it is the most beautifully designed coin ever.
World: Old Czech republic coins.
3) What is your favorite money-related reference material?
Redbook and this site.​

4) Do you buy with expectations of realizing a profit on your collection?
Rarely. I collect coins for their historical value, not monetary. Most of the stuff I expect to bring a profit I pull from circulation.
5) What is the best advice that you can give to a new collector?
Buy a Redbook and decide what you want to do. Setting goals is good advice. And set a budget as well. ​

 

I think we should hear from Mike (the guy who started this thread). What's your view on this old fellow?

 

I never realized that you do not actively collect, being that the question is a little vague, I am curious, do you have a coin collection but consider your self not active because you no longer attempt to add to it? or do you not have a coin collection at this time? Just curious... One more question if I may, If you do not have a collection at all any longer, what enjoyment do you derive by being active in communities involving the hobby? I am purely curious mind you and absolutely not trying to sound insulting in any way.

 

1) Do you actively collect coins and/or currency?

Yes, I primarily collect World Coins!

2) What is your favorite coin design and why?

The 1909-1913 Italian 1 Lira, It was the first coin that when I saw it for the first time I ever said to myself that I wish I could get one of those for my collection. The design just really moves me!

3) What is your favorite money-related reference material?

Standard Catalog of World Coins!

4) Do you buy with expectations of realizing a profit on your collection?

Absolutely, I believe in the same motto as is said in the show Pawn Stars " If I can't get it for the right price, than I'm not going to buy it!", I am currently running a log tracking every thing that I spend on my hobby for a year and also on any profits from sales, it's my goal to end the year having made more money with my hobby, than I have spent. I'm counting every little thing such as buying 2x2's to transportation costs, and by profits I do mean after auction and shipping fees. I am going to publish my results at the beginning of next year, here on CoinTalk.

5) What is the best advice that you can give to a new collector?

Study Long and Hard Before you blow too much money into this hobby, read the quote that I use for my signature!:thumb:

 

In case anyone is curious I am currently at (Total -$178.97), But I am at the point in the year where I am about to start selling much more than I am buying!

 

Doug sold off his coins and no longer collects. He remains active in the hobby and still teaches and studies, but no longer owns coins.

yes, I know. Strange but true.

 

5 Questions:

1) Do you actively collect coins and/or currency?

Yes.

2) What is your favorite coin design and why?

I have always been drawn by Adolf Weinman's Walking Liberty design.

3) What is your favorite money-related reference material?

PCGS Guide To Gradin and Counterfeit Detection by Danreuther

4) Do you buy with expectations of realizing a profit on your collection?

I buy with the intention of permanently impounding the coins. The next people to see them will be my heirs, so I will never see a profit!

5) What is the best advice that you can give to a new collector?

Buy the book before the coin. Learn about what you're buying before you buy it.

 

1. Coins

2. Akragas, Sicily, 5th century BC design with the two eagles eating the hare. I'll never have the dekadrachm and would have to sell my house to get a nice tetradrachm but the smaller and bronze denominations are nice, too.

3. Old sale catalogs both paper and online versions

4. No. Making a profit implies selling coins I like. I don't sell coins I want; I buy them.

5. 'Love your coins for what they are, not what they are worth.' (F.S. Robinson)
Only buy what you want - never what someone else tells you you should buy.
Never expect to find someone that understands why you bought every coin.
'It's more fun to know than not to know.' (J.F. Charles)