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<p>[QUOTE="Kasia, post: 3380071, member: 31533"]I don't have a budget really. There have been times when I've felt flush enough to purchase some and others where I don't purchase because I don't think it will be financially healthy for me to do so (i.e., it would take money that is needing to be free for day to day living). My coin collection is modest and unfortunately many of the coins I have collected generally won't bring back to me what I paid when I sell them. So when looking at this as a hobby, any budget you put in has to also be tied to what money are you willing to have as disposable.... the same way in many cases as spending on movies, etc. You get your fun from them but the return in $$$ being less may be the same as the $$$ spent on things like movies... you enjoyed it while it happened, so base it on that. For example, I don't see movies too often, but things conspired recently to get me to see two new flicks in one day, first movies in a theatre in 7-8 months, and only two in about 6 movies seen in 4 years in the theatre. Basically it was 20 odd bucks out for about 4 hours of fun seeing movies. Enjoyed it tremendously, but I'm not getting that money back. Transfer that to me spending say 100 on coins and when I can sell them I might only recoup 60-80 of it because I bought at the value it it had retail, I have to be happy with the joy it brings me in both owning it and acquiring it. However, I can justify a hundred or so spent on a coin or couple of coins even in those circumstances if I know that I am getting the enjoyment of them.</p><p><br /></p><p>I also have been selling a number of the coins I have purchased before and will continue to do so.... because not every coin retains the enjoyment factor for me. Occasionally have sold for more than I paid, but usually for less. However, keeping a coin just because I cannot get the price I paid for it is not always a great choice. The coin may never get much more and if I don't want it I hate keeping it.[/QUOTE]</p><p><br /></p>
[QUOTE="Kasia, post: 3380071, member: 31533"]I don't have a budget really. There have been times when I've felt flush enough to purchase some and others where I don't purchase because I don't think it will be financially healthy for me to do so (i.e., it would take money that is needing to be free for day to day living). My coin collection is modest and unfortunately many of the coins I have collected generally won't bring back to me what I paid when I sell them. So when looking at this as a hobby, any budget you put in has to also be tied to what money are you willing to have as disposable.... the same way in many cases as spending on movies, etc. You get your fun from them but the return in $$$ being less may be the same as the $$$ spent on things like movies... you enjoyed it while it happened, so base it on that. For example, I don't see movies too often, but things conspired recently to get me to see two new flicks in one day, first movies in a theatre in 7-8 months, and only two in about 6 movies seen in 4 years in the theatre. Basically it was 20 odd bucks out for about 4 hours of fun seeing movies. Enjoyed it tremendously, but I'm not getting that money back. Transfer that to me spending say 100 on coins and when I can sell them I might only recoup 60-80 of it because I bought at the value it it had retail, I have to be happy with the joy it brings me in both owning it and acquiring it. However, I can justify a hundred or so spent on a coin or couple of coins even in those circumstances if I know that I am getting the enjoyment of them. I also have been selling a number of the coins I have purchased before and will continue to do so.... because not every coin retains the enjoyment factor for me. Occasionally have sold for more than I paid, but usually for less. However, keeping a coin just because I cannot get the price I paid for it is not always a great choice. The coin may never get much more and if I don't want it I hate keeping it.[/QUOTE]
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