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<p>[QUOTE="dougsmit, post: 3717179, member: 19463"]Three years ago, I told myself I would try to keep the number at the end of the year no higher than it was at the start. Currently I am very close to the break even point but I consigned a number of coins to Severus Alexander for his AMCC auction so I may be able to buy a few more new ones in upcoming months depending on how that goes. The selection process was painful and it struck me as pointless because I am not going to reduce the collection to 20, 200 or even 2000 so a hundred coins more or less is chump change. I have no plans of doing that again. </p><p><br /></p><p>I appear to be unusual in that I am firmly opposed to anyone buying coins with money they need for life as they define it. I have collected for 50 years using the money I could have spent on travel, fine dining and entertainment but not the kind of money that sent my daughter to college, bought a sequence of houses and cars or donated to a number of charities. I do not need the money represented by my collection to maintain life as I currently enjoy it so selling the coins I really love makes absolutely no sense to me. I have told my grandson that he is expected to create a computer game that can be sold (like Minecraft) for $2 billion if he wants crazy cash or to learn to live on his resources otherwise. He may sell my coins for a loss assuming my daughter (scheduled to retire in 9 years) has not already done so. </p><p><br /></p><p>I have had many friends in the hobby over the years and that number includes a couple who owned multiple coins over $100,000 each and more coins over $1000 than I have total coins. In each case, they were not spending living money (but they had a lot more crazy-cash than I did!). I prefer to enjoy my coins rather than worry constantly about their current or future market value. I once saw an interview with Warren Buffet who said his hobby was making money. That was what gave him pleasure. My hobby is having too many coins by your standards but a 'good' number by mine. In 30 years I will be 103....or not. I may feel differently then and wish I had asked Jamesicus for his man-purse (the bag, not the coins but I'll take them, too, if offered when he is done with them). Today, I can still lift my entire collection in two bags - one for each hand (the advantage of so many minors and so few aes grave). Maybe that should be my limit???[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3717179, member: 19463"]Three years ago, I told myself I would try to keep the number at the end of the year no higher than it was at the start. Currently I am very close to the break even point but I consigned a number of coins to Severus Alexander for his AMCC auction so I may be able to buy a few more new ones in upcoming months depending on how that goes. The selection process was painful and it struck me as pointless because I am not going to reduce the collection to 20, 200 or even 2000 so a hundred coins more or less is chump change. I have no plans of doing that again. I appear to be unusual in that I am firmly opposed to anyone buying coins with money they need for life as they define it. I have collected for 50 years using the money I could have spent on travel, fine dining and entertainment but not the kind of money that sent my daughter to college, bought a sequence of houses and cars or donated to a number of charities. I do not need the money represented by my collection to maintain life as I currently enjoy it so selling the coins I really love makes absolutely no sense to me. I have told my grandson that he is expected to create a computer game that can be sold (like Minecraft) for $2 billion if he wants crazy cash or to learn to live on his resources otherwise. He may sell my coins for a loss assuming my daughter (scheduled to retire in 9 years) has not already done so. I have had many friends in the hobby over the years and that number includes a couple who owned multiple coins over $100,000 each and more coins over $1000 than I have total coins. In each case, they were not spending living money (but they had a lot more crazy-cash than I did!). I prefer to enjoy my coins rather than worry constantly about their current or future market value. I once saw an interview with Warren Buffet who said his hobby was making money. That was what gave him pleasure. My hobby is having too many coins by your standards but a 'good' number by mine. In 30 years I will be 103....or not. I may feel differently then and wish I had asked Jamesicus for his man-purse (the bag, not the coins but I'll take them, too, if offered when he is done with them). Today, I can still lift my entire collection in two bags - one for each hand (the advantage of so many minors and so few aes grave). Maybe that should be my limit???[/QUOTE]
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