@CommemDude said:
I think full retirement's a harsh move for anyone who loves coins, but a lot of us aging collectors are putting the brakes on acquiring and are trimming down our holdings to a core collection. I still feel uneasy leaving a large collection for my family to deal with someday.
CommemDude: While agree in principle, I would have loved dealing with the problem in having a large collection left to me!
@Dave99B said:
I'll likely never totally retire from collecting. While my interest ebbs and flows at times, I'll never completely quit on these little over priced metal disks.
I did retire early 3 years ago, in my 50s. Investing in R.E. and the stock market made that possible. Never regretted it one day. I really enjoy the freedom. My advice is retire as early as you can, assuming you can, financially. Remember that each day you work is one less day of retirement. The clock is ticking.
Have fun!
Dave
Agreed Dave99B, I likewise retired in my 50's. I had always felt if working was really something I liked to do, I would not have needed to be paid for it. Six years retired, and yet to take even a glance back. Not to mention having more time for things I do enjoy, like coins!
I think that the earlier ANYONE can retire the better for them. my personal joke goes like this, "Noone was ever on their death-bed thinking 'Man, I wish I would have worked a little bit more.'"
Anyone thinking like that chose the wrong career.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I like both my career and my hobby. Will work until my late 60's, and will never "retire" from numismatics. There are a multitude of ways to enjoy this hobby without spending a fortune.
Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
@Nysoto said:
I like both my career and my hobby. Will work until my late 60's, and will never "retire" from numismatics. There are a multitude of ways to enjoy this hobby without spending a fortune.
Agree. A great example is @RogerB who has essentially retired from collecting many years ago but is still going strong on numismatics with research, publications, and forum posts!
I’m working on publishing something but finding the time is difficult right now.
I think that the earlier ANYONE can retire the better for them. my personal joke goes like this, "Noone was ever on their death-bed thinking 'Man, I wish I would have worked a little bit more.'"
Anyone thinking like that chose the wrong career.
True. If you love your job, then you never work a day in your life.
Besides, it's not easy to fill your days, all day, every day.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
Research differs from collecting - in research no "hole" ever gets filled.
Interest was lost in collecting because it was not a sustainable part of daily life and responsibilities. It was enjoyable up to the point where a lack of accurate information prevented personal understanding. Simply put: "Why was I buying stuff I did not understand?" That was a personal problem and the only solution was to begin to follow an independent trail of information to its sources.
Never its been in my blood since 13 and im 28 now. Ive made many friends that i would call my brothers and sisters and why would you wanna retire from something that gives you joy and happiness??
@Zoins said:
I hope you have a good 50 years ahead of you. Eric Newman still had his collection when he was over 100!
One more thought. If you don't have an ANA membership and sign up now, you can still get one of the following:
I will get my 50 year ANA membership medal this year in Chicago.
If you're interested, you can have PCGS slab your ANA 50th Anniversary medal like they did for John Jay Pittman. I'm thinking about having the Newman medal slabbed and TrueViewed.
I did not know that. I will think about doing that.
"When do you think you will retire from coin collecting?"
Me personally? This year. I'll continue to keep up to date and post though. My coin "retirement" has nothing to do with my age but rather disenchantment with the state of the hobby and a realization that I can use the funds for other purposes/projects that better suit me.
I just logged my 6 millionth mile not too long ago. I have more award hotel nights that I could ever use. When I quit the day job I plan on doing a few major coin shows a year and put those miles and free nights to use. I’m actually currently building inventory and have a marketing plan and building custom cases/props. I will go after a niche market I sort of fell into. I’m looking forward to the next chapter. I’m very bullish the next 10-15 years in the coin industry. I actually like what I’m seeing. I have great dealer and collector friends and I wont have the anxiety to make ends meet out on tour. I’m in a really good place in my collection and have never been happier collecting.
I think I could be a great dealer in my space
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I plan on taking my box of 20 clasped in my crossed hands, with open casket with a sign saying take one for remembrance , leave one of equal value, I'm still collecting.
Bob Sr CEO Fieldtechs
@Justacommeman said:
I just logged my 6 millionth mile not too long ago. I have more award hotel nights that I could ever use. When I quit the day job I plan on doing a few major coin shows a year and put those miles and free nights to use. I’m actually currently building inventory and have a marketing plan and building custom cases/props. I will go after a niche market I sort of fell into. I’m looking forward to the next chapter. I’m very bullish the next 10-15 years in the coin industry. I actually like what I’m seeing. I have great dealer and collector friends and I wont have the anxiety to make ends meet out on tour. I’m in a really good place in my collection and have never been happier collecting.
Comments
I cannot even imagine not doing this .
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Come to Paradise
CommemDude: While agree in principle, I would have loved dealing with the problem in having a large collection left to me!
Agreed Dave99B, I likewise retired in my 50's. I had always felt if working was really something I liked to do, I would not have needed to be paid for it. Six years retired, and yet to take even a glance back. Not to mention having more time for things I do enjoy, like coins!
Anyone thinking like that chose the wrong career.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I like both my career and my hobby. Will work until my late 60's, and will never "retire" from numismatics. There are a multitude of ways to enjoy this hobby without spending a fortune.
I keep "re-trying", I suppose to the dyslexic it sounds like retiring.
``https://ebay.us/m/KxolR5
Agree. A great example is @RogerB who has essentially retired from collecting many years ago but is still going strong on numismatics with research, publications, and forum posts!
I’m working on publishing something but finding the time is difficult right now.
True. If you love your job, then you never work a day in your life.
Besides, it's not easy to fill your days, all day, every day.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Research differs from collecting - in research no "hole" ever gets filled.
Interest was lost in collecting because it was not a sustainable part of daily life and responsibilities. It was enjoyable up to the point where a lack of accurate information prevented personal understanding. Simply put: "Why was I buying stuff I did not understand?" That was a personal problem and the only solution was to begin to follow an independent trail of information to its sources.
I appreciate the comments here, many are quite helpful. I'm not even close to retiring, but just had the thought pop into my mind.
Later, Paul.
I'll never quit collecting coins.
My YouTube Channel
Never its been in my blood since 13 and im 28 now. Ive made many friends that i would call my brothers and sisters and why would you wanna retire from something that gives you joy and happiness??
I did not know that. I will think about doing that.
"When do you think you will retire from coin collecting?"
Me personally? This year. I'll continue to keep up to date and post though. My coin "retirement" has nothing to do with my age but rather disenchantment with the state of the hobby and a realization that I can use the funds for other purposes/projects that better suit me.
I just logged my 6 millionth mile not too long ago. I have more award hotel nights that I could ever use. When I quit the day job I plan on doing a few major coin shows a year and put those miles and free nights to use. I’m actually currently building inventory and have a marketing plan and building custom cases/props. I will go after a niche market I sort of fell into. I’m looking forward to the next chapter. I’m very bullish the next 10-15 years in the coin industry. I actually like what I’m seeing. I have great dealer and collector friends and I wont have the anxiety to make ends meet out on tour. I’m in a really good place in my collection and have never been happier collecting.
I think I could be a great dealer in my space
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I'll retire from collecting when they throw the dirt on me
BHNC #203
Hanging in there just to negotiate with younger Dealers who only learned Common Core Math
I plan on taking my box of 20 clasped in my crossed hands, with open casket with a sign saying take one for remembrance , leave one of equal value, I'm still collecting.
Bob Sr CEO Fieldtechs
That's awesome! I wish you the best in that.
My YouTube Channel