Is coin collecting the 'sport of kings'? (Or can everyone play)
moursund
Posts: 3,207 ✭✭✭✭✭
Seems like it costs a bundle to be a 'serious' collector, and perhaps most 'serious' collectors are dealers.
Perhaps the exception is with moderns... doesn't cost much to search rolls for W mints and errors?
But are classic collectors being priced out of the hobby?
100th pint of blood donated 7/19/2022 
. Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
. Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.0
Comments
But are classic collectors being priced out of the hobby?
It depends on how much money you have😉
I believe horse racing was once called the sport of kings, but from my observations at the race track many years ago it is now the sport of broken-down alcoholics.
Well, You can still put together a very nice set of blazing, uncirculated later date Walkers for not too much money. The top pop coins are sky high though. Big focus on finest/highest grades....to play that game, yes, you need millions.
I thought it was Hobby of Kings not sport of kings.
The show I was at yesterday was certainly not full of Kings. Everyone can collect what they like at the price point they like.
Kind of wondering about 'young collectors', or others who can afford hundreds, but not thousands, or dollars per year. With silver prices high, perhaps copper and nickel is a budget-friendly way to hit some classics. And also e.g. mercs, which don't carry the BV premium of larger coins.
It all depends on what your interested in. For the most part anyone of modest means can put together nice type sets in circulated grades and can do many 20th century sets in circulated condition and some in uncirculated.
Now if we are talking gold or 18th century American then most of them are priced out of modest reach.
🎶 shout shout, let it all out 🎶
@Jzyskowski1 of course I can google it also... My topic asks, essentially, whether you must have kingly wealth for the hobby.
My topic asks, essentially, whether you must have kingly wealth for the hobby.
No, anyone can put together circulated sets even on a modest budget, the difference is that you will not be able to play in the deep end of the pool without significant funds. And yes to some degree average joe collectors are being priced out of the UNC level coins and almost any gold at these levels. With inflation rising AU's may not be within reach much longer.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I think it’s for everybody. You can buy out of the world coins bin for .10 each or spend six figures on an 18th century uncirculated gold coin.
My YouTube Channel
Most of us have been priced out of some markets, but all of us can find great things to collect, if we're willing to think outside of the box and make some serious effort.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Hobby of Kings
coin collecting depends on how much one wants to spend on the coins they want,
for me personally i'm happy being a mid price collector who doesn't spend much on coins but still can get nice coins for my collection
Check out my coins for sale at the link below mid-priced (read carefully)
** https://photos.app.goo.gl/VLi1NBeJuE7UTkCE7**
Well, I think we are all King's in our own Right, however it's what our Queen's will let us buy to pursue our Hobby is what is important
Steve
Specifically let’s look
Nope.
🎶 shout shout, let it all out 🎶
@Jzyskowski1 why is your post so HUGE? And what does 'Nope' mean in this context? :l
This!
In this hobby, you can still be searching for a coin that will only cost you $100 when you find it, but it will take you 5 years to get that opportunity.
Doesn't sound that rewarding... and sounds more like waiting than searching...
Value isn't the only reward I'm this hobby.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
It is more like waiting than searching, but it is very rewarding to find patience paying off at a modest cash cost. The pain is the things that you can't find for decades, never mind in 5 years!
Doesn't sound that rewarding... and sounds more like waiting than searching...> @DCW said:
I didn't say it was... Engagement and passion are more important to me.
I think I need to cultivate enjoying the search as much as the result. It would be great if I found satisfaction in looking at amazing coins on eBay, and not trying to buy them, because they are not exactly what I'm looking for...
Right now I tend to get an itchy trigger finger...
Collect what you like and can afford... Crazy prices for high grades, super rarities or colorful tarnish. However, the same coins in lower grades are readily available (except the rare coins of course), and tarnish is - IMO - lipstick on a pig.... The hobby is interesting, fun and affordable. Cheers, RickO
Is it still just a hobby? I've heard it referred to as being the "coin industry" since the rise of the third party grading services and the big money dealers and investors.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
While many people associate coins with kings, I’m not sure how many kings actually collect/collected coins. I think it’s just a handful with King Farouk being one of the few notable ones.
From what I’ve seen, at the highest levels, it’s the hobby of business owners and CEOs.
.
Any poor boy can start learning and collecting ones way into any coin one desires if your willing to put the work in. In other words, you don’t have to start out loaded to buy high end coins, there are many ways to build and level up within the hobby.
Heh... when you level up, do you get more stamina (for long auctions)? Better savings throws (to resist impulse buying)? "Detect Counterfeit" class abilities?
Hobby of Kings. The registry collectors are the jocks. :-)