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<p>[QUOTE="ewomack, post: 3378544, member: 15588"]I started collecting coins at a very young age. My parents bought me some extremely worn Liberty Nickels at a coin shop in the back of a vacuum cleaner store not too far from what was then home. I apparently took to them because I kept getting more. I don't remember why I liked them, but I remember being fascinated by their age. They were very worn and probably really cheap. I still have these worn slugs. Then I found myself collecting coins from circulation into those little plastic holders that held the cent, nickel, dime, quarter and half. I remember showing a completed year to a friend and he said "good for you" in a very sarcastic tone, which was my first hint that not everyone appreciated this hobby.</p><p><br /></p><p>Then I quit for years until I had disposable income of my own. Something pent up must have burst in me, because I would literally empty my checking account at a coin shop about a 20 minute drive from my then apartment. I look back at it with some horror, I had no savings at the time, because I would literally spend every possible cent from my paychecks to purchase coins. Sadder still, I had no knowledge of cleaned or altered coins or really any knowledge of grading apart from the basic F, XF, AU. After a nasty life change, I quit collecting again and sold all of my non-gold coins for far far far less than what I paid for them, which now makes sense to me because I was probably inadvertently buying mostly problem coins.</p><p><br /></p><p>Then more years went by and I found myself studying English history, particularly the era of Elizabeth I. A book I was reading mentioned her coinage and I wondered if one could possibly purchase coinage from her reign. I was shocked to find that, yes, one could go on the internet and readily purchase Elizabeth I coins cheaper than I ever imagined. That initiated my recent obsessive wave which is just settling down now. My disposable income had greatly increased by this time and I found myself buying coins that my previous self would have found unimaginable. I now have a decent, but not award-winning or excessive, collection of various types of coins from many countries, some graded, some not. When I added up the amount I had spent on coins over a spread of some years I was utterly shocked and this stunned me out of whatever phase I had been in since purchasing an Elizabeth I three pence. I began to ask myself why I bought these things at great expense to myself. They were by no means bankrupting me at this point, but I didn't think twice about spending $200, more than I pay weekly for groceries, for a nice coin. I no longer think that way and I haven't purchased a coin, apart from the Apollo 11 commemorative, for months now. Right now, I'm not sure if I ever will purchase another one. I will definitely purchase far fewer.</p><p><br /></p><p>I realized that coins served as a distraction and an escape for me in various points of my life. Perhaps I was reliving some early childhood fun and the act of purchasing a coin stimulated my unconscious pleasure centers? I don't know, but I realized that my coin buying was not always "rational," it was closer to an addiction, though thankfully not a destructive one. I recall times when I wanted to purchase a coin with so much passion and fervency that I thought "this is what alcoholics must feel like sometimes." Then I knew I had a problem and I began to address it. I realized that a chunk of my collection comprised coins that I didn't really treasure. I had bought them simply to "buy something." I was rationalizing the irrational. I sold a number of these coins on Ebay recently and I plan to sell even more. Having come out of my spell, I plan on keeping maybe a handful of coins that actually mean something to me. The rest will likely go.</p><p><br /></p><p>Again, what led to this? I'm not sure. I do have extreme alcoholism in my family history. Both of my grandfathers basically drank themselves to death. I've heard of some studies that suggest that descendants of alcoholics tend to become addicts or gamblers. I don't touch alcohol, so perhaps that energy had to go somewhere and it went to coins. Coins of course are a much healthier addiction than booze, but that doesn't mean that I should keep purchasing these things merely for the sake of purchasing them. I want to have only what I actually and truly want to have and no more.</p><p><br /></p><p>I think I'll get there.[/QUOTE]</p><p><br /></p>
[QUOTE="ewomack, post: 3378544, member: 15588"]I started collecting coins at a very young age. My parents bought me some extremely worn Liberty Nickels at a coin shop in the back of a vacuum cleaner store not too far from what was then home. I apparently took to them because I kept getting more. I don't remember why I liked them, but I remember being fascinated by their age. They were very worn and probably really cheap. I still have these worn slugs. Then I found myself collecting coins from circulation into those little plastic holders that held the cent, nickel, dime, quarter and half. I remember showing a completed year to a friend and he said "good for you" in a very sarcastic tone, which was my first hint that not everyone appreciated this hobby. Then I quit for years until I had disposable income of my own. Something pent up must have burst in me, because I would literally empty my checking account at a coin shop about a 20 minute drive from my then apartment. I look back at it with some horror, I had no savings at the time, because I would literally spend every possible cent from my paychecks to purchase coins. Sadder still, I had no knowledge of cleaned or altered coins or really any knowledge of grading apart from the basic F, XF, AU. After a nasty life change, I quit collecting again and sold all of my non-gold coins for far far far less than what I paid for them, which now makes sense to me because I was probably inadvertently buying mostly problem coins. Then more years went by and I found myself studying English history, particularly the era of Elizabeth I. A book I was reading mentioned her coinage and I wondered if one could possibly purchase coinage from her reign. I was shocked to find that, yes, one could go on the internet and readily purchase Elizabeth I coins cheaper than I ever imagined. That initiated my recent obsessive wave which is just settling down now. My disposable income had greatly increased by this time and I found myself buying coins that my previous self would have found unimaginable. I now have a decent, but not award-winning or excessive, collection of various types of coins from many countries, some graded, some not. When I added up the amount I had spent on coins over a spread of some years I was utterly shocked and this stunned me out of whatever phase I had been in since purchasing an Elizabeth I three pence. I began to ask myself why I bought these things at great expense to myself. They were by no means bankrupting me at this point, but I didn't think twice about spending $200, more than I pay weekly for groceries, for a nice coin. I no longer think that way and I haven't purchased a coin, apart from the Apollo 11 commemorative, for months now. Right now, I'm not sure if I ever will purchase another one. I will definitely purchase far fewer. I realized that coins served as a distraction and an escape for me in various points of my life. Perhaps I was reliving some early childhood fun and the act of purchasing a coin stimulated my unconscious pleasure centers? I don't know, but I realized that my coin buying was not always "rational," it was closer to an addiction, though thankfully not a destructive one. I recall times when I wanted to purchase a coin with so much passion and fervency that I thought "this is what alcoholics must feel like sometimes." Then I knew I had a problem and I began to address it. I realized that a chunk of my collection comprised coins that I didn't really treasure. I had bought them simply to "buy something." I was rationalizing the irrational. I sold a number of these coins on Ebay recently and I plan to sell even more. Having come out of my spell, I plan on keeping maybe a handful of coins that actually mean something to me. The rest will likely go. Again, what led to this? I'm not sure. I do have extreme alcoholism in my family history. Both of my grandfathers basically drank themselves to death. I've heard of some studies that suggest that descendants of alcoholics tend to become addicts or gamblers. I don't touch alcohol, so perhaps that energy had to go somewhere and it went to coins. Coins of course are a much healthier addiction than booze, but that doesn't mean that I should keep purchasing these things merely for the sake of purchasing them. I want to have only what I actually and truly want to have and no more. I think I'll get there.[/QUOTE]
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