Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Advice and tips for younger/beginner collectors ??
>
Reply to Thread
Message:
<p>[QUOTE="dougsmit, post: 2153789, member: 19463"]We will all have opinions but it comes down to what fits you. I am much more pleased by good surfaces on worn coins than even slight roughness on higher grade ones. That makes me in the minority. </p><p><br /></p><p>I see an early decision that needs to be made as what you expect for that $200. Is this the $200 you spend in a month on snacks and 'bad for you beverages' (define that as you wish but I'm not talking about nutrition here) OR the $200 you put in some form of savings/investment that you hope someday to allow you to stop working and live off the fruits of earlier wisdom. I collect with the full intention of dying with the coins in my possession. Certainly I don't mind if I see a coin worse than mine selling for ten times the price but that is not why I bought the thing and I don't get that profit unless I sell. If you are collecting to watch your net worth grow and plan to sell for a profit when the market dictates, I have a serious piece of advice for you. Do not listen to anything I say. My suggestions are aimed at furthering enjoyment and knowledge. There are plenty of investment advisers out there. Pick carefully. </p><p><br /></p><p>I have a very general collection with quite a few coins that no one else here has any desire to own. Specialties tend to find you rather than you seeking them. After you collect generally for a while you will see trends that suggest specialties. I have several minor sub specialties that represent things I once found appealing if they are not currently active wants. I have one major specialty which rarely gets a new coin because I rarely see something I don't have (except in the collections of friends who collect the same thing and are better at it than I am). My favorite ancient history professor in college advised us to know something about everything and everything about something. That is how I advise you collect. Be the person the rest of us will want to ask a question about something and know enough about the rest that you understand what other people are saying in their posts even if you can't answer their questions. Own the coins that parallel your knowledge. Pure students will do a die study of EID MAR denarii (~$100k each) but collectors like me know more about coins we can afford. </p><p><br /></p><p>Paul M. correctly advises that you can save up those $200 doses and buy a $400 every other month or even a $2400 coin each year. I'll point out that you can also buy 10 coins at $20 each. This is a matter of fit if you are not trying to make money. One $1000 coin is easier to sell than 100 $10 coins. I have coins I really like that cost under $10; my most expensive coin is just under $1000; most are in the middle $20-200 range. I posted a page showing my favorite coins. Some more expensive and cheaper coins appear there side by side but you should expect more of those favorites are higher priced. </p><p><a href="http://www.forumancientcoins.com/dougsmith/favs.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.forumancientcoins.com/dougsmith/favs.html" rel="nofollow">http://www.forumancientcoins.com/dougsmith/favs.html</a></p><p>There is no better advice than that given several times before. Buy what you like. Some of us call these coins that 'speak to you'. Do not buy one because I like it. Most of all, don't buy coins because some dealer wants to sell it to you. Enjoy.</p><p><br /></p><p>I wrote this a couple hours ago but somehow failed to send it. I do that a lot anymore.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2153789, member: 19463"]We will all have opinions but it comes down to what fits you. I am much more pleased by good surfaces on worn coins than even slight roughness on higher grade ones. That makes me in the minority. I see an early decision that needs to be made as what you expect for that $200. Is this the $200 you spend in a month on snacks and 'bad for you beverages' (define that as you wish but I'm not talking about nutrition here) OR the $200 you put in some form of savings/investment that you hope someday to allow you to stop working and live off the fruits of earlier wisdom. I collect with the full intention of dying with the coins in my possession. Certainly I don't mind if I see a coin worse than mine selling for ten times the price but that is not why I bought the thing and I don't get that profit unless I sell. If you are collecting to watch your net worth grow and plan to sell for a profit when the market dictates, I have a serious piece of advice for you. Do not listen to anything I say. My suggestions are aimed at furthering enjoyment and knowledge. There are plenty of investment advisers out there. Pick carefully. I have a very general collection with quite a few coins that no one else here has any desire to own. Specialties tend to find you rather than you seeking them. After you collect generally for a while you will see trends that suggest specialties. I have several minor sub specialties that represent things I once found appealing if they are not currently active wants. I have one major specialty which rarely gets a new coin because I rarely see something I don't have (except in the collections of friends who collect the same thing and are better at it than I am). My favorite ancient history professor in college advised us to know something about everything and everything about something. That is how I advise you collect. Be the person the rest of us will want to ask a question about something and know enough about the rest that you understand what other people are saying in their posts even if you can't answer their questions. Own the coins that parallel your knowledge. Pure students will do a die study of EID MAR denarii (~$100k each) but collectors like me know more about coins we can afford. Paul M. correctly advises that you can save up those $200 doses and buy a $400 every other month or even a $2400 coin each year. I'll point out that you can also buy 10 coins at $20 each. This is a matter of fit if you are not trying to make money. One $1000 coin is easier to sell than 100 $10 coins. I have coins I really like that cost under $10; my most expensive coin is just under $1000; most are in the middle $20-200 range. I posted a page showing my favorite coins. Some more expensive and cheaper coins appear there side by side but you should expect more of those favorites are higher priced. [url]http://www.forumancientcoins.com/dougsmith/favs.html[/url] There is no better advice than that given several times before. Buy what you like. Some of us call these coins that 'speak to you'. Do not buy one because I like it. Most of all, don't buy coins because some dealer wants to sell it to you. Enjoy. I wrote this a couple hours ago but somehow failed to send it. I do that a lot anymore.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Advice and tips for younger/beginner collectors ??
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...