Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Need help to stop collecting
>
Reply to Thread
Message:
<p>[QUOTE="troyheights, post: 306851, member: 11271"]Start collecting moderns from circulation. Perhaps not glamorous, or ripe with profit potential, I find it to be challenging and fun (I'm working on assembling a set of red au memorial-lincolns) and it represents, to me, the essence of coin collecting: the treasure hunt; recognizing value and beauty overlooked by others; those moments of joy when a new discovery is added to your collection.</p><p><br /></p><p>Banks have a near limitless supply for you, and all the coins you collect are obtained at face value. Also, if you care for such things, you can simultaneously search for die varieties and errors.</p><p><br /></p><p>A couple of other ideas: </p><ul> <li>set a budget</li> <li>don't ever window shop unless you have the money to spend</li> <li>understand that with few exceptions, you can pass on a coin now because a similar opportunity will present itself in the future</li> <li>narrow your collecting focus</li> <li>become a bargain hunter and only buy coins that are selling well below their market value (this one is especially good in my opinion, as not only do you spend less for each coin you buy, bargains dont happen every day so you spend money less often, and you need to spend a fair amount of time understanding the market for the coins you are interested in purchasing, which leaves less time for actually buying coins) Do keep in mind that bargain hunting is not simply a price comparison, but a price to quality comparison.</li> </ul><p>[/QUOTE]</p><p><br /></p>
[QUOTE="troyheights, post: 306851, member: 11271"]Start collecting moderns from circulation. Perhaps not glamorous, or ripe with profit potential, I find it to be challenging and fun (I'm working on assembling a set of red au memorial-lincolns) and it represents, to me, the essence of coin collecting: the treasure hunt; recognizing value and beauty overlooked by others; those moments of joy when a new discovery is added to your collection. Banks have a near limitless supply for you, and all the coins you collect are obtained at face value. Also, if you care for such things, you can simultaneously search for die varieties and errors. A couple of other ideas: [LIST] [*]set a budget [*]don't ever window shop unless you have the money to spend [*]understand that with few exceptions, you can pass on a coin now because a similar opportunity will present itself in the future [*]narrow your collecting focus [*]become a bargain hunter and only buy coins that are selling well below their market value (this one is especially good in my opinion, as not only do you spend less for each coin you buy, bargains dont happen every day so you spend money less often, and you need to spend a fair amount of time understanding the market for the coins you are interested in purchasing, which leaves less time for actually buying coins) Do keep in mind that bargain hunting is not simply a price comparison, but a price to quality comparison.[/LIST][/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
>
Need help to stop collecting
>
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...