Do you hoard coins? What types? Why?

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rmorgan
rmorgan Posts: 249 ✭✭✭✭
edited November 26, 2018 9:38AM in U.S. Coin Forum

They say coin collecting is about assembling a set of coins (type set, year/mint, theme, error coins, etc.).

In contrast, coin hoarding is about saving every attainable coin (typically of a type that is no longer made or seems scarce) with no plan of assembling it into anything and no concept of a goal or completion. Examples: wheat leafs, a box of buffalo nickels, multiples of the same variety such as a small date or “Bugs Bunny” Franklins.

I always throw a new-found wheat leaf in a box, but I have no plans for them. I just gained access to a number of silver coins, and I am fighting the urge to hang on to them even though I don’t need most of them for my sets.

Do you hoard anything? If so, what? Why do you keep coins that have no planned place in your collections?

My strategy is about collecting what I intend to keep, not investing in what I plan to sell.

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Comments

  • Along
    Along Posts: 474 ✭✭✭✭
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    Silver Roosevelt dimes

  • fivecents
    fivecents Posts: 11,207 ✭✭✭✭✭
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    Yes :/

    08, 09 S mint IHC in 63/64 RB. Lots of red.

    1921 Peace 1$ struck with proof dies. With booming luster. MS60 to MS63.

  • 1630Boston
    1630Boston Posts: 14,157 ✭✭✭✭✭
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    I recently 'disposed' of my hoarded coins :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko

    Bad transactions with : nobody to date

  • CCGGG
    CCGGG Posts: 1,267 ✭✭✭✭✭
    edited November 26, 2018 12:33PM
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    When I started collecting I thought quantity was the way to go, now I realize it's quality. 40+ years ago, I'd estimate that I had at least 10,000 coins that I called my collection. Now, (excluding SE's) I'd estimate my collection has shrunk by over 95% in numbers but those are now hoarded.

  • MattTheRiley
    MattTheRiley Posts: 806 ✭✭✭✭
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    Gotta catch em all!

  • rmorgan
    rmorgan Posts: 249 ✭✭✭✭
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    I've come to believe that my instincts of hanging on to anything that seems scarce is to my detriment. I recently sorted through a few hundred Walking Liberties, and while that was a lot of fun, the urge to hang on to all these has no focus - How many multiples of a given date do I need? So I'm trying to convince myself to set goals and focus on collecting sets, then letting go of all those extras. Letting go of what I have is not easy for me.

    My strategy is about collecting what I intend to keep, not investing in what I plan to sell.

  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
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    Slabbed MWG close to melt and Classic Commems - Oregon, Texas, Long Island, Civil War Issues favorites

    Investor
  • privatecoin
    privatecoin Posts: 3,853 ✭✭✭✭✭
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    Yes. Anything with melt value, a bonus with numismatic value.

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

  • Moldnut
    Moldnut Posts: 3,116 ✭✭✭✭
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    I look out for 1916 dimes and 1917 T1 quarters.

    Derek

    EAC 6024
  • Cladiator
    Cladiator Posts: 18,353 ✭✭✭✭✭
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    Ikes

  • Barberian
    Barberian Posts: 4,643 ✭✭✭✭✭
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    @MorganMan94 said:
    I can never pass up Columbian halves that are cheap... Purchased #500 just a few weeks ago.

    You too?! I use them as fillers for my Dansco half dollar albums when the only example of a date is in a TPG holder. I may buy a blank Dansco album for halves and fill it with nice circulated Columbian half dollars.

  • Paradisefound
    Paradisefound Posts: 8,623 ✭✭✭✭✭
    edited November 26, 2018 6:44PM
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    Yes for anything and everything pretty and because it satisfied my fancy ;)

    <3Pretty hoarder <3

  • Paradisefound
    Paradisefound Posts: 8,623 ✭✭✭✭✭
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    :D ....... and Oh .... I always managed to make room (place) for it :*

  • RogerB
    RogerB Posts: 8,852 ✭✭✭✭✭
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    Presently hoarding only pre-1834 US gold coins. One day they'll be worth a bundle !
    ;)

  • DIMEMAN
    DIMEMAN Posts: 22,403 ✭✭✭✭✭
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    @Along said:
    Silver Roosevelt dimes

    So you are the one! ;) Do you have any varieties?

  • savitale
    savitale Posts: 1,410 ✭✭✭✭✭
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    I'm not a hoarder. But I have seen a few estate sale coin auctions where the owner clearly had hoarding tendencies. Hundreds of rolls of 90%, circ Lincolns, a dozen albums of Franklin halves, etc. I hope they brought joy to their owner.

  • jedm
    jedm Posts: 3,266 ✭✭✭✭✭
    edited November 26, 2018 9:00PM
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    Yes, the round kind, and why not? (Edited to add what type)

  • SethChandler
    SethChandler Posts: 1,722 ✭✭✭✭
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    Sometimes it hard to say no. When you collect something, its hard to say no when you come across an extra or another, because you appreciate how tough they are.

    Collecting since 1976.
  • koynekwest
    koynekwest Posts: 10,048 ✭✭✭✭✭
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    Yes-to a small degree. I have my share of colorful 1913 Variety One Buffs.

  • OKbustchaser
    OKbustchaser Posts: 5,570 ✭✭✭✭✭
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    Comment from my first (late) wife at a coin show with me..."But Sweetheart, didn't they make those coins any other year?"

    Yes, I have a problem with 1827 half dollars.

    Just because I'm old doesn't mean I don't love to look at a pretty bust.
  • rmorgan
    rmorgan Posts: 249 ✭✭✭✭
    edited November 27, 2018 7:09AM
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    @koynekwest said:
    Yes-to a small degree. I have my share of colorful 1913 Variety One Buffs.

    Maybe that is not hoarding. Maybe it is a set -- a set purposefully comprised of toned 1913 Variety One Buffaloes. Seems to me to be eye-appealing, impressive, and meaningfully themed.

    My strategy is about collecting what I intend to keep, not investing in what I plan to sell.

  • ReadyFireAim
    ReadyFireAim Posts: 1,860 ✭✭✭✭✭
    edited November 28, 2018 9:41PM
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    I have this compulsion regarding the 1920 saint.
    Fortunately, most of them look like doggy-doo-doo.

  • koynekwest
    koynekwest Posts: 10,048 ✭✭✭✭✭
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    @rmorgan said:

    @koynekwest said:
    Yes-to a small degree. I have my share of colorful 1913 Variety One Buffs.

    Maybe that is not hoarding. Maybe it is a set -- a set purposefully comprised of toned 1913 Variety One Buffaloes. Seems to me to be eye-appealing, impressive, and meaningfully themed.

    I guess that could be true.

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    I collect coins... I have done sets and series... I now collect what attracts me. That being said, I do not sell coins... So, does that make me a hoarder? Actually, I do not give an obese rodents derriere what anyone calls me... :D I just enjoy collecting coins...and will continue. ;) Cheers, RickO

  • lkenefic
    lkenefic Posts: 9,518 ✭✭✭✭✭
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    When I was "the tooth fairy" I used to accumulate vf to au Morgans, Peace dollars, and halves. Once silver got to over $30 / oz, the hoard went away...

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • ctf_error_coins
    ctf_error_coins Posts: 15,433 ✭✭✭✭✭
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    I do not really hoard, but I do consider myself a Market Maker in a very few select major error types :o

  • mannie gray
    mannie gray Posts: 7,259 ✭✭✭✭✭
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    I used to hoard 1876 3 cent nickels.
    I don't recall how it started but eventually I stopped and dribbled them out a few at a time.
    I did OK in the long run with them but probably could have done better with something else.
    Then I went through a period of grabbing every nice coronet head 1/2 cent that was priced reasonably and had original chocolate color.
    I did better with those.
    And let's not bring up the 1973 Ike's......oops.....I did it again lol

  • Soldi
    Soldi Posts: 2,177 ✭✭✭✭✭
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    I once owned more of these............last coin I could find to fill a Dansco years ago in EF -AU condition. Found that coin raw in Baltimore.........I probably have more.
    _All I can add is .......don't go in or near coin collecting establishments, don't associate with known collectors.......etc.
    _

  • COCollector
    COCollector Posts: 1,428 ✭✭✭✭✭
    edited December 1, 2018 1:32PM
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    Hoard coins? Not so much. Lots of half dollars, but I wouldn't call it a hoard. Few duplicates. And very few sacred cows... buy, sell and trade. It's a hobby.

    Even my "collection" of various silver bullion isn't much of a hoard. And they hold no sentimental value: When silver hits $30/oz, I'll sell.

    OTOH, I've got quite a hoard of tools. Gotta keep it all don't-ya-know.

    Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, jacrispies, coin22lover, coinsarefun, jwitten, CommemKing.

  • blitzdude
    blitzdude Posts: 7,724 ✭✭✭✭✭
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    Yes, gold ones, the obvious

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • Treashunt
    Treashunt Posts: 6,748 ✭✭✭✭✭
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    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Frank

    BHNC #203

  • MWallace
    MWallace Posts: 4,683 ✭✭✭✭✭
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    @MorganMan94 said:
    I can never pass up Columbian halves that are cheap... Purchased #500 just a few weeks ago.

    I too hoard Columbian Expo Halves, though I don't have anywhere near the 500 that MorganMan94 has.

  • ARCO
    ARCO Posts: 4,475 ✭✭✭✭✭
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    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Dang! I knew there was at least someone out there hoarding Barber coins. And here I thought I had a problem hoarding Barber halves. I am not even in the same hoarding universe as you.

  • This content has been removed.
  • amwldcoin
    amwldcoin Posts: 11,269 ✭✭✭✭✭
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    I got ya beat on Half's and mine are all PCGS graded! B)

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

  • savitale
    savitale Posts: 1,410 ✭✭✭✭✭
    Options

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Yup, 8,000+ Barbers, that's a hoard. I very much respect that hoard.

  • savitale
    savitale Posts: 1,410 ✭✭✭✭✭
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    @CharlotteDude said:
    I have a thing for Half Eagles

    OK, now I want to hoard a little.

  • mannie gray
    mannie gray Posts: 7,259 ✭✭✭✭✭
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    @CharlotteDude said:
    I have a thing for Half Eagles

    Impressive.

  • Treashunt
    Treashunt Posts: 6,748 ✭✭✭✭✭
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    @ARCO said:

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Dang! I knew there was at least someone out there hoarding Barber coins. And here I thought I had a problem hoarding Barber halves. I am not even in the same hoarding universe as you.

    :)

    Frank

    BHNC #203

  • Treashunt
    Treashunt Posts: 6,748 ✭✭✭✭✭
    Options

    @amwldcoin said:
    I got ya beat on Half's and mine are all PCGS graded! B)

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    all graded?

    Wow, that takes up a LOT of space.
    :)

    Frank

    BHNC #203

  • Treashunt
    Treashunt Posts: 6,748 ✭✭✭✭✭
    Options

    @savitale said:

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Yup, 8,000+ Barbers, that's a hoard. I very much respect that hoard.

    T/Y

    Frank

    BHNC #203

  • SurfinxHI
    SurfinxHI Posts: 2,705 ✭✭✭✭✭
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    Unopened GSA morgan dollars with original mailing labels.....

    Cant resist them....

    Dead people tell interesting tales.
  • FranklinHalfAddict
    FranklinHalfAddict Posts: 697 ✭✭✭✭✭
    Options

    @Treashunt said:

    @savitale said:

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Yup, 8,000+ Barbers, that's a hoard. I very much respect that hoard.

    T/Y

    11,000 to be more precise but not exact.

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