U.S. Mint estimates

Discussion in 'Bullion Investing' started by slackaction1, Oct 11, 2023.

  1. slackaction1

    slackaction1 Supporter! Supporter

    According to the internet the US Mint estimates there are 125 million coin collectors in the US. Another site suggests these are the most common reasons for coin collecting:
    1. Investment
    2. Rarity/beauty
    3. Challenge of the hunt
    4. Educational
    5. Bullion value
    6. Pass on to kids
    7. Relaxation
    What is your main reason to collect?
    masterswimmer likes this.
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  3. slackaction1

    slackaction1 Supporter! Supporter

    Mostly 4 but I ask many questions and number 1 what I can sell it for when it comes time that ties into number 4 to me when figuring out the deal.
  4. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    1) Relaxation - I don't have near enough in my life.
    2) Educational - The coin collector in me is still the twelve year old kid that marvels at the hands and history that coin has witnessed.
    3) Passing On To Kids - There is a portion of my collection earmarked for my kids & grandkids.
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  5. Jeffjay

    Jeffjay Well-Known Member

    I'll accept number 6. I don't have any.
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  6. Kentucky

    Kentucky Supporter! Supporter

    8) Habit

    There are good and bad habits and I have not decided which this one is :)
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    It’s just plain honest fun.
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  8. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Not so much for investment......while my collection is worth something I'll never recoup my initial payout for most of what I collect.

    Relaxation and challange of the hunt.......that's where I most easily fit in, though I daresay that it's not terribly challanging buying moderns from the US Mint. Classic commems is another story. Therin lies the challange for me.......:)
    LakeEffect likes this.
  9. capthank

    capthank Well-Known Member

    Relaxation education, pass on the grandchildren. Pure fun!
  10. CoinCorgi

    CoinCorgi Tell your dog I said hi!

    There are holes that need to be filled. Plain and simple.
  11. Kentucky

    Kentucky Supporter! Supporter

    ObCom much... :)
    CoinCorgi likes this.
  12. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Obi-Wan Kenobi.......
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  13. Joel Turner

    Joel Turner Active Member Supporter

    I think to an extent I can say yes to all of the above.
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  14. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    9) Nostalgia - I started collecting when my grandmother introduced coin collecting to me. That was 57 years ago. That initial reason remains, although other reasons listed added to that beloved beginning.
  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    What a fond memory. It was my father that got me interested.
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  16. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I am in slot 6, everything I have collected
    will go to the kids and grand kids :)
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