Are you a collector or investor?.

Are you a collector or an investor?.

be honest. tell us your secret.

 

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I describe myself as two-thirds investor and one-third collector. While I still fill Whitman folders with change just for the fun of it, and wouldn't dare spend a wheat cent, any 'serious' money I spend goes primarily for silver and gold coins purchased close to or below bullion value. If they also develop some numismatic value someday, that's a bonus. Coin collecting for me is primarily an inflation hedge with a bit of fun thrown in because I like old coins but don't really care if they are uncirculated or circulated as long as they are a bargain.

So don't ask me any questions about VAMs, key dates, or coin shows, and expect a reliable response. And as you requested, that is the honest answer.

 

I, too, find it helpful to be a little of both. For example, I keep an amount of bullion in my collection at times to "invest" my money (I.E. keep me from spending it all!). But I also think of myself as a collector, and my bank can tell you just how true that is, as I keep going in there to seach for old pennies,.nickels, dimes, quarters, and halves.

~AJ

 

I am 100% collector. Every coin in my collection is from circulation and I don't intend on selling it.

 

A bit of both.

I started out just this year when I noticed that, as of yet I haven't seen ANY 2004 or 5 nickels in any of my change. I think these two years of nickels, someday, will be an extremely wise investment. The same with the state quarter series.

I have become a regular at my local coin shop. It's small but it keeps my going.

 

I am also a collector only. I have thought of selling coins, but I guess I will have to buy some to sell, because I can't bear to part with any of the ones I have now. And when I get the new ones, I will not want to sell those either.

When the kids are out of the house, and if none of them is interested in collecting, I will consider selling or giving away. However, if one of the kids or a grandchild is interested in them, they may trump selling the collection.

 

I'm a collector all the way throught...search this forum for INVESTING-COLLECTING...you will find tons of info...

Speedy

 

I'm 100% collector but I'm also a speculator/ promoter.

I collect a little bit of everything and speculate in moderns.

 

I don't think any of us collect hoping our coins will go down in value? When I started out, years and years ago, I didn't give condition or grade much thought as I really didn't care but after a little coin education I became wiser very quickly. While I am most definitely a collector at heart I find I am an investor in the brain. I try to mix the both but most definitely want a return on my coins if needed or to have something of value to pass on to my little guy some day. I quit collecting junk years and years ago as it was a huge waste of time and effort. I would rather have one uncirculated coin of any type than 10 worn out that no one would ever want. Now when it comes to key dates my philosophy changes and I buy what I can get or what I can afford as those keys should always be a safe bet. Like it or not most coin collectors are investors even if they don't want to admit it. If I can buy a new nickel or get a roll at the bank (seldom happens) I know, in the back of my mind, in a few years they will be worth what I paid, thats guaranteed, but for the most part will be worth more IF I just hold on to them and keep them stored in a nice clean environment! Hasn't failed me yet!

 

.....yes

 

That is why I collect...I collect coins that I like...I collect for the love of the hobby...I have collected coins that went up and some that went down...to me it the value is a little thing...
I know few agree with me but at the heart of a true collector...he collect for the love of the hobby and because he likes coins...

If my coins go up...great...if they go down...I'm still going to collect and I'm still going to like every min of it.

Speedy

 

I suppose that once I retired my "profession" became "investor" - in stocks, bonds, oil & gas, real estate, etc., etc., etc.

My hobbies are coin collecting, amateur radio and bicycling, and I do not invest in coins, radio gear or bikes.

 

I'm like most I am both. I collect and sell coins, there are some that I will not sell and there are some that I have bought to sell so I can buy one that I won't sell.

 

Hey Bulldawg
I too have been selling some but mostly it has been coins after 1964...I had a large collection of just coins that IMO aren't going to be worth much so I'm selling, trading, and with the $$...completing many other sets that I have been working on for a long time.

Speedy

 

I’m 90% a collector. To some extent, there are investor considerations made when I buy. I make certain purchases (such as USMC commemoratives, U.S. Mint proof sets) with the idea of selling at a profit and further financing my collection purchases. It would be great if I did this well enough that eventually my collections became self sustaining; that is, I didn’t have to put new money into my collections, I could just sell the silver proof set I bought five years earlier. Then, use the money from that sale to buy a current year proof set and have money left over to add coins to my Type set. Five years later, repeat.

 

Bacchus - That sounds like a pretty reasonable approach.

 

I'm a collector. But if I lose interest in something and it's worth the effort to sell it on ebay I will and I have. If I make a profit on it then I was a "wise investor." If I lose my butt then I was a "reckless speculator."

 

I'm a collector all the way

 

Annnnnd, I'm 90% an investor and trader (stock, bonds, etc., for over 40 years), just trying to decide whether I want to enter the numismatic arena. I like liquidity.

Generally my progression, without abandoning the prior, has been financial instruments (long and short), including precious metal stocks, to some bullion about five years ago, to coin roll searching a couple of years.

I have yet to buy a numismatic coin. Just having trouble getting to a point of falling in love with coins, investment or collectible. It's an investment sin of the greatest magnitude. But I must admit some of you guys make it sound awfully tempting "as a hobby." Keep talking. I'm listening.

Willie (The Ghost of)

 

I'am almost 100% investor. I like to collect the harder to get coins because I know the value will rise most of the time. Especially if I can get them at face value, like the 2004 P Peace Medal nickel rolls from my bank. I got a bunch of them and glad I did!