Buying/collecting coins a addiction?

Discussion in 'Coin Chat' started by Everett Guy, Oct 28, 2020.

  1. Everett Guy

    Everett Guy Well-Known Member

    I was talking with someone at a coin dealer and they were saying they had a coin addiction. When do you all consider buying coins a addiction? I see it as money in the bank. Mainly a hobby that pays for its self. Ok I am addicted...lol
     
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  3. bradgator2

    bradgator2 Supporter! Supporter

    More of a passion than an addiction.

    At least that’s my rationalization.
     
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  4. ominus1

    ominus1 Well-Known Member

    ...haha...welcome to the club...remember, its the only hobby you can go broke doing and still have money :D
     
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  5. longshot

    longshot Enthusiast Supporter

    Yeah I figure it's better than spending money on wine, women, and song.
    It's good though, to exercise some self-discipline and structure so you don't wind up with a huge pile of low value stuff IMO...
     
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  6. GUNNER63736

    GUNNER63736 Well-Known Member

    Very few hobbies that you can have these days that maintain some kind of value after you buy something. That being said, you may loose a little or gain a little in value over time. I don't approach it as an investment mainly but as a diversion and pleasurable pastime in my retirement years. Yes I am addicted. I buy coin magazines, search the internet and participate in some of the coin forums. I don't collect ultra high dollar coins. 99% of my coins are silver like the newer proof silver coins, a few certified, circulated Morgan and Peace dollars, and Roosevelt and Mercury dime folders. That is just me. My collection will be very valuable to my grandson someday considering he won't have any money at all tied up in it. Just enjoy folks.
     
    Last edited: Oct 28, 2020
  7. longshot

    longshot Enthusiast Supporter

    20201028_193820.jpg
    If you haven't read this book, it's an
    easy read that you might enjoy.
     
  8. okbustchaser

    okbustchaser I may be old but I still appreciate a pretty bust Supporter

    Naw, it's not an addiction...I can quit anytime.




    Of course next summer will mark 60 years.
     
  9. GUNNER63736

    GUNNER63736 Well-Known Member

    LOL. I hope the book includes treatment plans for my coin addicition. LOL. Thanks. I'll try to find a copy.
     
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  10. Everett Guy

    Everett Guy Well-Known Member

    I will have to give that book a read. Looks interesting
     
  11. Rob9874

    Rob9874 New Member

    That's my rationalization. I sink money into a hobby that I can get back out if I needed to. More fun than putting it in the bank.
     
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  12. Evan Saltis

    Evan Saltis College Dorm Collector

    This is the greatest hobby in the world- the "hobby of kings" as you might say. There are few tangible ways which we can see great artistic history, history history, and economic history all in one way. You can see hyperinflation in coinage of different years, you can see rulers on the obverse, you can see the tools of war which were engraved on reverses, you can see the God's people believed in.

    This is why I collect, and why I never plan to stop.
     
  13. MeowtheKitty

    MeowtheKitty Well-Known Member

    Meow has a hoarding problem. Too many things are keepers. Cat Hoard is quite full of many items.
     
  14. ominus1

    ominus1 Well-Known Member

    ..well, idk about getting it back, but you'll have at least what you bought :)
     
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  15. ominus1

    ominus1 Well-Known Member

    can't eat just one.jpg
     
  16. MeowtheKitty

    MeowtheKitty Well-Known Member

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  17. serafino

    serafino Well-Known Member

    I'm guilty of being a coin addict off and on since I was a kid. Big gap in my coin collecting hobby when I went to High School till about 8 years ago when I bought one 1855 Naples 120 Grana silver crown. Now thousands of dollars later I'm hooked again. I check eBay almost daily searching for the rare coins that don't have yet. I get withdrawals if I don't have a coin on my current eBay purchase list. I usually have 200 coins on my eBay watch list. I tell my wife it's an investment even-though I have never sold one of my coins.
     
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  18. serafino

    serafino Well-Known Member

    History is for sure a good side effect of coin collecting. I mainly collect 1700s-1800s Italian coins and I've learned a bit about Italian history, and the different Kings and the Royal families that ruled back then.

    I went to Italy 20 years ago and went into a coin shop in Milano and the owner showed me some coins from 1700's Naples and Sicily and talked about which King was on them and I didn't know any of them. Now if I went back to Italy I'd know each and everyone of those Kings.
     
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  19. beaver96

    beaver96 Well-Known Member

    I'm not addicted. I've quit several times over the years...... When ever I ran out of cash.
     
  20. Everett Guy

    Everett Guy Well-Known Member

    Sound alot like me...I am getting ebay down...lol
     
  21. KSorbo

    KSorbo Well-Known Member

    Whether or not coin collecting is an addiction, a coin collection certainly has a lot more resale value than a bunch of empty liquor bottles. They would only be worth the nickel deposit in most states, and I’m guessing that used drug paraphernalia would be worth even less than that...
     
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