coin fever to coin crazy?

I think someone needs to take away my Ebay and Paypal accounts. I am buying too many coins and coin related products. I have been bidding and buying carefully; checking the prices before I buy. I need to stop HELP

 

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I'll take the coins and the account then for you...

 

lol.... Yep, you got the bug my friend. It will stop though once you get more serious into a specific series like mercury dime for example or Morgan dollars but always research and educate yourself first.

 

This began with just wanting to buy the 2010 presidential dollar proof set. I found it funny that three of the coins were of three of the lowest rated presidents. It grew to wanting all the proof sets and the bronze first spouse medals. My latest craze are bicentennial and centennial coins and medals. I think this will be my initial direction in collecting. I am very interested in the history connected with both times. (I was an adult during the bicentennial, but had no interest in collecting at that time)

 

Collect what you like, and dont let anyone tell you different (unless it's your wife, then you had better listen).

 

Oh man do I, and my wife, feel your pain. I went on a two month spending spree. Not only was I buying rolls of coins and what not off of ebay, I was also going to my local coin shop two or three times a week. I have slowed down now, but yes, this hobby can become an obsession.:yes:

 

I know exactly what you mean, I bought roll after roll of the state quarters, went thru them checking for errors and now I have error rolls "up the kazoo" and do not know what to do with them as I have "changed over" to Morgans.... buying much slower and cautious.....

 

You could always just give them to me. :yes:

 

Put them on ebay and fuel somebody elses obsession! Hahaha

 

I'm with you on this. Everything I bid on is only a few bucks, but when you win a few auctions every day it starts to add up. And sometimes I bid on a lot of them figuring I'll be outbid on most of them, but for whatever reason I end up winning them all and then I feel like I bit off a little too much.

 

Ditto

 

Found a partial cure for the "fever". I totaled up how much I spent in the last thirty days, and that total scared me . It does not keep me from browsing though, and I still have coins arriving.:smile So, I will just enjoy looking and playing with my new coins for now.

 

One thing that can help is to buy books. Research what good books there are for your area, and read them. The Redbook is a good start for US coins and there are just tons of info in there for you to absorb.

Just the price of a coin and you can just spend days in that book. I find it cheaper than buying more coins, and gives you a deeper appreciation of the coins you already own.

For full disclosure, I am a book junkie as well as a coin junkie. My ancient coin library is about 600 volumes, and world and US coins about 400 volumes. I think I would sell most of my coins before I sold the books.

 

Haha...

 

I was a book junkie since I was a child especially history books. My own library is at least 1000 books, and I am a constant book buyer through Barnes and Noble.. By the way, I have already bought the red book this past month.

 

When you get through that one, hit us up for more recommendations. That is just the tip of the iceberg. In any collectible field, knowledge is money and additional pleasure of your holdings.

Yeah, I have about 1000 history books in my library as well. I can even let you know the best rare coin books auction firms.

 

Sounds like you've been bit by the collecting bug. Just enjoy it for now. That's how I got started in the hobby.
Eventually you'll want to set a monthly budget, and bid on whatever you want as long as you don't exceed it. Once you've hit your budget cap, you're cut off. Tell your wife the budget limit, if she's like mine, I guarantee she'll hold you to it.

 

Well, I'm now addicted to the hockey pucks. I have four and counting. This hobby is killing me!

 

But, but, what if CNG has a group of Tyrian shekels you never knew you wanted, or a nice group of LRB just came up for auction, or a rare Sogdian gold coin just came for sale???????

I don't like budgets. Now, I don't like debt either, so I try to exhibit SOME control, but there are just way too many new deals that pop up to be too constrained.

Yeah, I don't tell my wife how much I spend on coins...............

 

Consider yourself lucky that you haven't been using a bidding service like Bidnapper. I used it for two years, and it was so successful that I was winning 85% of the auctions that I entered. I wasn't overbidding on any items. I determined my bids at a reasonable value for each coin or medal, but I was spending way too much overall. The advantages you have over conventional bidders are 1) they have no idea you are involved in the auction, 2) your bid is placed with 3-5 seconds remaining and 3) the conventional bidder has no time to react even if they are hovering over the "Submit" button because time would have expired by the time they saw your bid. Sometimes, I would be involved in 3-4 dozen auctions at the same time.

Chris