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<p>[QUOTE="dougsmit, post: 2874795, member: 19463"]I will continue to maintain that the proper amount to spend on a hobby is the amount of money that means nothing to you. If you are deeply in debt and unsure where tomorrow's food will come from, the correct number is zero. If you made five million last year and can see your way clear to live on only four million, go for that million dollar coin. I know a collector currently trying to sell his collection to add to his retirement piggybank. He will be lucky to get half of the money he paid but that is OK since he got the other half back in fun 'while it lasted' before he decided that not working forever outranked buying stuff. My situation allows the amount I spend without really caring what the coins might bring if I sold them today. I hope you all can say the same.</p><p><br /></p><p>Still I admit a special thrill when I buy a coin for $100 and find it sold five years ago for $200. Realistically, that does not mean I did well but only that I did not do as poorly as I might have. Either way, I have the coin and don't have the money which meant so little to me I was willing to spend it on a toy.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2874795, member: 19463"]I will continue to maintain that the proper amount to spend on a hobby is the amount of money that means nothing to you. If you are deeply in debt and unsure where tomorrow's food will come from, the correct number is zero. If you made five million last year and can see your way clear to live on only four million, go for that million dollar coin. I know a collector currently trying to sell his collection to add to his retirement piggybank. He will be lucky to get half of the money he paid but that is OK since he got the other half back in fun 'while it lasted' before he decided that not working forever outranked buying stuff. My situation allows the amount I spend without really caring what the coins might bring if I sold them today. I hope you all can say the same. Still I admit a special thrill when I buy a coin for $100 and find it sold five years ago for $200. Realistically, that does not mean I did well but only that I did not do as poorly as I might have. Either way, I have the coin and don't have the money which meant so little to me I was willing to spend it on a toy.[/QUOTE]
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