How much do you spend on a coin?

Never more than the current balance in my checking account.

 

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I am all over the place as well, but I usually keep it in the $70 to $130 range. I have gone as high as $1000 once and as low as $8.00.
-Chris

 

I sometimes really reach for an especially nice (one of a kind) coin -- but then that motivates me to find some bargain coins to make up for my overpay. Sort of like dollar cost averaging down over time. This has worked really well for me keeping my average costs down over a long period of time but allows me to cherry pick the really amazing stuff which can sometimes be listed at crazy high prices.

I actually didnt have room on this plot to place all my bargain coins. I have about 3x the number shown at less than $30 each. I need to figure out a better way to show this in a graph. But I do show the four that I went crazy hog wild for and paid a huge toning premium (Do i regret the overpay on those 4? Never crosses my mind! Since my dollar cost average for my whole collection is so low.)

 

All over the place. To me, it's easier to spend more on gold but it depends on what I like. If money was no object, there would probably still be $30 coins that I wanted to have. That's all it would take for them. Most stuff I want and really like falls in the 100 to 400 range. If I go above that, it's usually a once a year event. For now anyway.

 

Ditto.

 

Nice vid, Redwin.... when is the wedding?

 

I tend to buy M65+ toned Franklins and they average between 200-300. Once in a while I'll purchase a 500 coin, but I do not like to spend more than 1k per coin and I tend to brush aside sub 100 dollar coins.

 

I am all over the place also. To complete some of the albums - even low grade coins can be expensive. Then again I am buying so few lately I can afford to go more.

 

My cap is generally $100, though I have no problem spending $150 for various keys if they fall in that range, but that is my max. If the coin in the series is way out of that budget (my precious 16-D) it will remain a sad, little hole in the collection. Of course moderns remain low.

 

Do I see $1500 for a toned Memorial Lincoln proof??

 

I like that face! ... LOL

 

Same here. I think I've bought common world coins for 50 cents or less. But paid considerably more than that for my 1921 Walker
I'm not a rich man, so I don't even have money to spend often. But when I do buy coins they usually range anywhere from $10-$60.

 

I've spent everywhere from 10 cents to $2,000 for a coin. But on average, I probably spent around $30-40 on most pieces. When I get in a token buying mood like I am now, I rarely spend more than $20, and some of those pieces are one of less than a dozen known. Thats a lot for a little.
Guy

 

most ive spent on a numi coin was 210.

bullion coin was 400 for a 1/4oz age

 

99% of my collection is under $100. i've only spent more than $100 on 3 coins.

 

I've spent up to $300 on AGEs and Pandas but on regular non bullion coins no more than 30 bucks.

 

It's not so much "how much do you spend on coins", as everybody's situation is different. I think the more interesting statistic would be how much a person spends on coins as a function of their net worth or yearly income. One person may spend $1000 on a coin, which then represents everything that they have, whereas spending $1000 on a coin would be basically meaningless to a person like Bill Gates.

There's not really a straight forward method for characterizing this type of thing, but I suppose that:

(most you're willing to spend on a coin)
(pre-tax annual income)

would be the most straight forward approach. For me this ratio works out to 0.007, or 1/146
Of course, when considering the value of this ratio the number of coins that a person buys per year is also important. But, like I said, it's a simple approach.

 

The most I've ever spent on a bullion coin is $33, and the most I've ever spent on a non-bullion coin is $20. Winning is a different story, the most expensive coin I have WON is worth anywhere from $650-$1000+, since the price of it is all over the place. I won a 2004w PF70 $10 platinum eagle.

 

Depends on the set I'm working on. My "every country in the 20th century" set is for fun, usually not more than $2 each. My Mercury Dime collection usually never under $50. 1916 D Merc in vf fund is at about 70%, that will be my crown jewel. On average $50 - $100 to answer the question.

 

The most I've ever spent on any coin was $35 It was a Morgan dollar. Yesterday I almost spent more on a coin book though ($34).