How does your family feel about your coin collecting?

Everybody laughs at me. They call me a loser....actually people aren't aware of what I spend and how serious I am about this, but I still appreciate my wifes excitement when she finds a shinny penny to give me even though I could care less about anything from the past 50 years.

 

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That's a good point. I've told my wife that I can always sell almost everything I've bought for what I paid for it or more. In some cases a lot more, so I can portray it as diversifying our retirement savings.

 

My bro and I collect, but our parents and sister find our hobby silly.

 

My family generally ignores me, they think that I am nuts.

 

But my collection consists entirely of 20th Anniversary ASE sets bought at issue price directly from the mint! (just kidding)

 

I've never lost on a coin that I sold so am I just lucky?

How did you do when you sold all of your stuff off if you don't mind my asking?

I can see your point here but I think a lot depends on what you collect as well. Betting you didn't lose when you sold with your knowledge of coins.

 

For me, it's all in the hunt. I've always looked for interesting finds from circulation. But of course, I never had a lot of "searching" money.

Well, then one day this year I find about 100 washington dollars with the missing edge inscription out of 10 rolls I had my sister send up from Florida. My wife was like, "What are you all excited about?" and "Yeah right?, they aren't really worth that much".

Well ultimately, I sent my sister enough money to send me up about 14 boxes of dollar coins. This pretty much freaked my wife out. In the first two boxes that I got, I found another couple hundred of the error dollars. My wife still didn't believe me about their value. Of course I'm all excited about the rest of the boxes, but alas the rest of the boxes didn't have any more error coins.

So, I start crawling out of the woodwork and going to coin shows, visiting dealers, trying to sell my error coins. After about the first 20 coins I sold, my wife totally changed her attitude. Now she couldn't wait for the weekend to goto another coin show.

Then I really lucked out, I found an honest coin dealer in Madison WI (Jims Coins) who was willing to pay a fair price for ALL of them (minus the ones I picked out to keep for my collection). So I drive up there, sell them all, and bring back a healthy check. I told my wife that she can spend about a fourth of it anyway she wants. Another fourth went into my coin searching money, and the rest went into savings.

NOW, my wife tells people how we should've actually flown down to Florida and went Bank Hoping to buy as many dollar coins as possible. She won't listen when I remind her that that was not her attitude at the time

 

100% of the folks buying the likes of SGS and the majority of ebay overgraded junk, I can see what you mean, but the type of folks found here, for the most part well educated, careful and descriminating eyes, have a much better chance of winning the collecting / investment game.

the only times I have actually lost is when I get over my head in experience like the last Vam^ Morgan I took a bath on. I have dopne real well minus a few exception when listing coins for .99 cent starts on ebay and they may slip thru the cracks and go cheaper than I would like.

Long term, a good eye, careful selection, and knowledge knowledge knowledge I think are a hedge up on the game.

 

my dad collects coins, my mom thinks i'm nuts, my sister likes coins, and my brother thinks i'm nuts! don't have to live with my brother or sister, so that makes it easyier. :mouth:

 

Most of my friends thought I was nuts ,but are interested (at least it appears that way). My family could care less except for my Stepfather who has become interested but for some strange reason doesnt call me when he wants to buy something & has gotten burnt a few times - All part of the/his learning experiance I guess-

My 12 year old Daughter has watched me since she was 2 & was & was 21 play & deal with coins & has no interest - all she cares about is that I can buy her stuff from Hollister with my profits-

My wife on the other hand.... well for the first 2 years when I took this on as a business for myself she couldnt stand it ... Hours of me on the computer educating myself ,hours reading books, hours & many weekends going to shows... she got pretty annoyed. Then I got a job with a great company & started bringing home more than I was doing selling flooring for 6 years & she became excited.

Then this summer when I got lucky & lived in the same area as the Adams Error dollars were found & was able to make us quite alot (basically the once in a lifetime find that people dream about)& she has never said a word since- & with my normal job -my little endevor has left us quite comfortable..

My father just shakes his head & really still cant wrap his head around it , but he is a different breed & has been a construction business owner for 30 years , he tries but basically ignors it .

Wow- I didnt realize I went on for this much ........ Well thats my trime-

 

My family has no interest, they try to help me out sometimes, but a lot of the time get annoyed with it. They tell me to enjoy life, and get interested in other things. Shouldn't just close my mind around this one thing. Partly right, and partly wrong. This hobby is actually one of the greatest things that has ever happened to me. I am not only having fun with it, I am learning a lot about history, dates, etc. This hobby actually is my outlet. This one hobby opens up a bunch of other hobbies, which a lot of people don't understand. I get weird looks and some things muttered under there breath when I talk about some of my recent buys and what I hope to buy. It is honestly to the point I get called off here and all to "do" something, when actually they might not realise it, but they are trying to break me from this hobby. Which I have no intentions on doing anytime soon, if ever. The plain fact to it all is people just plain out don't understand it, and are ignorant to this area. But, I can't really put them down, cause I don't understand why most people will spend a lot of money on things, reason being, I just don't understand it. But my thought would be is don't knock it, unless you understand it. I am proud to have been exposed to this hobby, and am proud that I found this forum to discuss and share my passion with others that share this hobby. Sorry if I sound like I am rambling and going on and on, just something I wanted to say and all. Not really anything is going to seperate me from this hobby, Phoenix is probably going to be in this till the end.

Phoenix

 

my family...all of them, couldnt care less about coins, dont understand it that much and dont want to...which is fine by me. I just dont talk about it much, my only real outlet to discuss coins is on the internet

As for my collection, in recent years its value has skyrocketed so I plan to either donate them or pass them to a relative that is willing to keep them together for future generations of my family. These days it includes very valuable historical coins from all eras. It would be the biggest disappointment if they were just liquidated and scattered...I also thought it would be neat to find some collectors who are willing to enter into a group collection....as we pass our collections go into a larger one, the collection grows and grows until it is the greatest collection of world coins covering all time periods of human history.

 

My elder son is fascinated by coins. At his age (13) he already knows how to identify at a glance medieval english pennies which would take me a few moments to even descipher.
My wife is another matter. Sometimes she is excited also about coins, specially when i find them with my metal detector and they cost me nothing.. Other times she puts up with it, and tells me that if must buy coins, then at least i should buy specimens in good condition in case we have to sell them. If she is really not in the mood for coins, she tells that before i buy the next one, i should first sell one of my radio control helicopers (my other hobby).... how unfair!
All in all she is good about it: she has taken to referring to my collection as "our" collection.

 

I'm actually surprised at that - figured you would have made a few bucks.

On the other hand I have no intentions of selling my entire collection at once (unless I absolutely have to).

Eventually I will sell my entire collection - have no desire to leave a life's worth of collecting to anyone. Things like common wheats will go bulk. The "good" stuff will be sold individually

I plan on doing this when I retire. Sitting behind a table selling coins to true collectors seems a great end of the "cycle" to me.

 

Well my girlfriend has no problem with my coin collecting. As a mater of fact for my birthday she got me a 1909 VDB cent and a 1934 Washington quarter and if she sees something that might interest me she'll ask me if want it for my birthday or Xmas. Last year she almost bought me the gold Buffalo coin but decided that a cruise would be better :headbang:. My 2 daughters also buy coins or coin related material for me. Or if they find something interesting in their change they'll give it to me. Then there's my sister and my brother in law, they are very good to me. My brother in law buys and sells coins and bills but does not collect. They own a antique mall and whenever we go to see them my sister will take us to the shop and she'll say pick what you want from the coin display case. When I talk to my brother in law on the phone he'll tell me what items he has purchased and if I want any of the items he'll sell them to me for whatever he paid for them. So I would say that my family is very supportive of my hobby.

Lou

 

Most of my older US stuff came from my dad. He collected them when he was a paperboy in the early 40's. My mom's a 'collector' (of other things) so she understands the disease.

My wife tolerates it. She hates the time I spend on the hobby, but if she finds a foreign coin in circulation she gives it to me. Occasionally she will ask to see what I just bought. I will be in BIG trouble if I ever Freudian slip around her and call it "my precious"

 

My wife is good about it GREAT actually but it sounds like you really have it made.

Can you all move up north and adopt me?

 

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That sounds like how I'd like to retire.

Bruce