Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
How much in 2008?
>
Reply to Thread
Message:
<p>[QUOTE="gmarguli, post: 302050, member: 246"]Why would this be hard to believe? I know many people who will spend a few hundred thousand at a single auction and not give it much thought. I recall one person who was upset that they were able to purchase "nothing" at an auction. Turns out nothing was just shy of $100,000, but it was "nothing" to them. That's at a single auction, not a full year of buying. We all have different income levels and budgets. </p><p><br /></p><p>Many people also rotate coins from their collection. You may not be able to afford $20,000 a year in coins, but if you have a $50,000 collection and can spend $5,000 a year, you may sell $20K worth and buy another $25K worth. </p><p><br /></p><p>If anything, I am surprised at how low most of the estimates are. Over half the respondents said $750 or less next year. I would have expected the average budget to be much higher, in the $2K-3K range.[/QUOTE]</p><p><br /></p>
[QUOTE="gmarguli, post: 302050, member: 246"]Why would this be hard to believe? I know many people who will spend a few hundred thousand at a single auction and not give it much thought. I recall one person who was upset that they were able to purchase "nothing" at an auction. Turns out nothing was just shy of $100,000, but it was "nothing" to them. That's at a single auction, not a full year of buying. We all have different income levels and budgets. Many people also rotate coins from their collection. You may not be able to afford $20,000 a year in coins, but if you have a $50,000 collection and can spend $5,000 a year, you may sell $20K worth and buy another $25K worth. If anything, I am surprised at how low most of the estimates are. Over half the respondents said $750 or less next year. I would have expected the average budget to be much higher, in the $2K-3K range.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
How much in 2008?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...