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Many Selling out - Tired of US Coin Market Losses
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<p>[QUOTE="medoraman, post: 4140716, member: 26302"]This is the key. </p><p><br /></p><p>Another way to look at the hobby, (how I try to look at it), is "how much is the enjoyment you get worth?" If you buy coins based on what others say, and how much it might go up or down, then you probably should not buy coins. I buy coins that give me enjoyment. I tell my wife I "use up" the price I paid for a coin in my personal enjoyment. To me, my coins owe me nothing. If I will not get $200 worth of pleasure owning a coin, I do not buy it. </p><p><br /></p><p>The advantage of such a philosophy is that, to me, I have zero invested in my collection. Anything my family sells them for when I am gone is simply profit, since I have already gotten full value from them as my hobby. </p><p><br /></p><p>Maybe try this philosophy. One thing it instantly did, once I adopted it, was take away the pressure of "key dates". I simply do not care. Since a 16d dime will not give me that much pleasure to own, I simply refuse to buy it regardless of what others say I must own. I have bought expensive coins, but because they were important to ME, I wanted to own that piece and owning it gave me as much pleasure as the price tag.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4140716, member: 26302"]This is the key. Another way to look at the hobby, (how I try to look at it), is "how much is the enjoyment you get worth?" If you buy coins based on what others say, and how much it might go up or down, then you probably should not buy coins. I buy coins that give me enjoyment. I tell my wife I "use up" the price I paid for a coin in my personal enjoyment. To me, my coins owe me nothing. If I will not get $200 worth of pleasure owning a coin, I do not buy it. The advantage of such a philosophy is that, to me, I have zero invested in my collection. Anything my family sells them for when I am gone is simply profit, since I have already gotten full value from them as my hobby. Maybe try this philosophy. One thing it instantly did, once I adopted it, was take away the pressure of "key dates". I simply do not care. Since a 16d dime will not give me that much pleasure to own, I simply refuse to buy it regardless of what others say I must own. I have bought expensive coins, but because they were important to ME, I wanted to own that piece and owning it gave me as much pleasure as the price tag.[/QUOTE]
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Many Selling out - Tired of US Coin Market Losses
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