Becoming burnt out on coins

Discussion in 'Coin Chat' started by CoinHunter96, Jul 7, 2022.

  1. CoinHunter96

    CoinHunter96 New Member

    Hello all, I’ve been noticing that after buying a higher quality coin than I typically do that my taste in coins goes up. The higher quality coins I had before don’t look quite as nice. And coins that I find eye appealing are few and farther between. I find myself wanting to sell coins a lot sooner after owning for a shorter time.

    any tips to help keep the coin bug in me going?
     

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  3. charley

    charley Well-Known Member

    Please don't be offended, but.....no.

    I am not buying, this week.
     
    VistaCruiser69 likes this.
  4. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Well.... According to your profile, you are still a young man. I was twice your age before I could remotely consider coins like you are showing here. I was quite happy with very mundane coins most all my life and to some degree, you are correct. Now that I am at a place in my life that I can afford some finer coins, the desire for better coins is a genuine game changer. The love of coins run deep in my blood and I suspect it will be that way the remainder of my days, but I'll offer a suggestion..... Pick a series. Learn it. Study it and dive into the history of it. The history is what brings me back to my coins every day. Currently, I am intrigued with the post colonial era of US coins. I could spend the rest of my life studying and not know everything about the era and how our cash was defined... Anyway, just a suggestion. Good luck!
     
  5. tibor

    tibor Supporter! Supporter

    Some really nice pieces there. May be a "Box of 20"
    would be a better direction.
     
    CoinHunter96 and spirityoda like this.
  6. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Sound advice from Randy.........
     
  7. potty dollar 1878

    potty dollar 1878 Well-Known Member

    Price limit for example,me I keep it under $100 only a few coins in my collection have gone above.You got the coin bug in ya and it's hard to escape.Limit the amount of coins purchased like I usually buy a few per month.Resist the big ones,I look at coins like yours all the time but you just have to say NO.Which for you it seems to be hard but you can't pick up every shiny cent you see.
     
    CoinHunter96 and Inspector43 like this.
  8. Inspector43

    Inspector43 Collecting Since 1948 Supporter

    Nice coins. My standard was always working coins with good eye appeal. For most of my collecting career I was able to get coins directly from circulation. And, to me, that was what collecting was. I never got bit by the notion of grades and slabs. In today's environment finding coins in circulation is nothing like it was.

    Good luck to you and all those who are building collections in the current market.
     
    JPD3, Danomite, CoinHunter96 and 2 others like this.
  9. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Nice coins . . .

    Since your maturing taste in quality of coins appears to be driving your change in collecting perspective and satisfaction, I suggest the following:
    1. Find the coin in your collection that you most want to improve. Note that I did not use the word upgrade . . . as you've doubtless learned by now, there are many levels of quality within each grade (quality of planchet, of die state, of strike, of surface preservation, of eye appeal, etc) and even low grade coins can be more gratifying than higher grade coins.
    2. Focus on finding a replacement for that coin, not necessarily the highest grade, or even an equal or higher grade, but one which will deliver greater satisfaction.
    3. Liquidate the replaced coin to offset the cost of the replacement, whether partially or completely.
    Trying this once or twice should, at reasonable cost, tell you whether you wish to continue in this manner or not. You can enjoy the pursuit, while simultaneously finding the "conversion" less painful.
     
  10. charley

    charley Well-Known Member

    Maybe easier to simply submit all the pieces to CAC (I note you displayed 2 already) and test one's ability in deciphering a "higher quality coin" that are 'nice and/or "eye appealing".

    That method will either kill your faith in your ability in buying a higher quality coin, or fuel it.

    Let me know which, when done...if you are serious.
     
    CoinHunter96 likes this.
  11. Collecting Nut

    Collecting Nut Borderline Hoarder

    At your age, according to your profile, I was quite content on making the family survive and pull coins from circulation to fill my Whitman’s folders. It wasn’t until 30 plus later that I could afford the higher price coins. I have purchased many a coin at $1,000 or high since then and I saved my money to buy the ones I still own that were over $5,000. Be patient as it takes time to pay your monthly bills, afford life and build your collection.
     
  12. Treashunt

    Treashunt The Other Frank

    Looking at those coins, and considering your being "burnt out"\

    you don't need coin advice--

    You need a psychologist.
     
  13. kazuma78

    kazuma78 Supporter! Supporter

    Those are nice coins! I would suggest delving more into the history and finding something you find historically fascinating and find a top quality coin that is tied to that historical interest. That may be helpful to bring some further interest to the coins beside aesthetic interest.
     
  14. spirityoda

    spirityoda Coin Junky

    Wow! Your coins are amazing. "Buying what you like". Coin goals. I want to buy this coin because ? Does it have eye appeal ? Does it have an interesting history behind it ? Save up money for better quality coins. I know when I was your age I was very impulsive and would buy every coin I said wow nice coin and ended up with some very cheap crappy coins to get rid of later on. Now I am much more focused on my want list. If you are not happy with a coin...sell it or trade it for another coin. Someone suggested a box of 20. Cool idea if you can keep it to that amount. Not me I have 1,200+ coins lol My biggest advice would be to have FUN with your coins. If you are bored with it....then you are doing it wrong. Sharing your coins online is fun and people want to see most coins. When I have spare time on my 2 days off I like looking at many of my coins. It's like seeing old friends. You can take a break from coins. Coins to me are a life long hobby. If I can't afford coins at the moment I like reading or studying about other peoples coins. Buy coin books/catalogs of coins you are interested in learning more about. You could also look into World coins. 3/4ths of my collection is worlds coins and the other 1/4th are from United States. I have an incomplete mercury dime collection, complete statehood quarters dansco album, on going ATB quarters dansco, Short set of Sac dollars dansco album. From the looks of your coins your eye appeal is amazing. Envy is the word. If you are buying coins just to make money you will not be happy with your coins. Coins as an investment is a bad idea. Unless your name is @panzerman . If you have the coin bug then you are not worried about selling any of your coins. I have thoughts of selling trading half of my coins for other interesting coins. This does not mean I have lost the coin bug. Interests change. Coin goals change. I get enjoyment out of my coins. I can escape in them.
     
    Last edited: Jul 8, 2022
  15. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Very very perfectly put.
     
  16. eddiespin

    eddiespin Fast Eddie

    You never had the coin bug to begin with so how could you keep it going? You've got the investment bug, that's a different bug. Your commodity just happens to be coins. Could just as well be investing in better and better stamps. Eventually, you'll tire of that, too. If you want to begin collecting coins, get off the auctions, and invest in a "Red Book." We'll get you the rest of the way. You want to invest in better and better commodities, expect at some point to be disillusioned with your less-than-better ones, that's only natural, as they won't measure up. But just look at this collection, it's all over the place. And I'm not criticizing it! I'm just pointing out, have no fear of losing any coin bug, as you never had one in the first place. You've an investment bug, and you're tiring of these commodities you're invested in. Move onto new commodities investments. There are a lot of them out there. I like antique comic books, I think they're a hot investment. But don't expect you can rekindle something that's never been kindled to begin with. If you want to ignite a passion in coins, start with that "Red Book," there's your kindling for that. Nice-looking coins, BTW, those are very admirable.
     
    dwhiz, green18 and CoinHunter96 like this.
  17. Inspector43

    Inspector43 Collecting Since 1948 Supporter

    Same here. I can sometimes remember when and where I got a coin from circulation or a swap meet with my collecting friends.
     
  18. medoraman

    medoraman Supporter! Supporter

    I come and go, like most people, with coins. I actually adjust what I buy based upon what is available to purchase. I can go for a few months as well based upon budget, (how much my kids are burning through currently), luck, (have been 0 for 20 on some auctions, I hate you Leu), etc. However, what always brings me back is what the coin IS, not the condition per se. This historical artifact, this link to the past, always draws me back. I don't have any advice about "upgrading", since I don't sell. My idea of an upgrade is to buy another one I like. I understand, I am at a place in life where I have that luxury, so I know it may not apply to everyone. I am simply a hoarder, and the idea of not owning a coin I used to own simply gives me the whillies.
     
  19. MK Ultra

    MK Ultra Well-Known Member

    Sell everything.

    If that doesn't bring back the 'bug', seller's remorse, or whatever else, then you're good. If it does, then you get to start with a clean slate. Either way, you win.
     
  20. CoinHunter96

    CoinHunter96 New Member

    Thank you all for the great advice. Between focusing more on my set (type), maybe trying cac, sharing my coins online, improving upon the coins I have, and focusing a little more on the history, my “coin bug” should be okay. Not that is was dying or anything but I could definitely see how that can happen and with all of this great advice I should be able to avoid it dying. Thanks all!
     
    Randy Abercrombie likes this.
  21. CoinHunter96

    CoinHunter96 New Member

    i wouldn’t say I got the investment bug. I rarely consider the resale value when buying. I think I just dove a little head strong in coins after discovering coin shows. A step back and rethinking my coin goals like others have replied should be a great solution. Thanks!
     
    spirityoda and green18 like this.
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