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Your predominant reason for being in this hobby/field?

TurtleCatTurtleCat Posts: 4,583 ✭✭✭✭✭

I was thinking about this lately… what is it that interests me in this field. Is it history, study of the coins, ownership, what? I thought it would make a good poll question and a provocative topic. I’m sure many of us are involved in coins for a variety of reasons with different motivations for what keeps us engaged year after year but there is usually one predominant motivation, though.

I am making this one anonymous in case someone wants to participate but doesn’t want to share.

Your predominant reason for being in this hobby/field?

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Comments

  • johnny9434johnny9434 Posts: 27,021 ✭✭✭✭✭

    i like collecting cause i like it. stamps didnt do it for me

  • rec78rec78 Posts: 5,630 ✭✭✭✭✭

    When I was a kid, it was the only way I could save money. Every other free penny and nickel I had went into pinball machines. If I put a coin into my coin folder, it was saved. After about 3 years I had $16 in face value in my coin collection, a lot of money to a kid in 1962. And if I really needed money, coins always have face value and I could always spend them if absolutely necessary.
    Since I knew that I wouldn't spend my collection coins, I started buying the keys and kept filling albums to this day. The only money in my retirement account is in my coin collection. I am incapable of saving money by putting it into a savings account.

    image
  • ctf_error_coinsctf_error_coins Posts: 15,267 ✭✭✭✭✭
    edited August 30, 2022 10:13AM

    Freedom.

    Being in business for yourself allows you to do whatever you want almost every day :)

    Plus, playing with coins is fun.

  • Eldorado9Eldorado9 Posts: 1,921 ✭✭✭✭✭

    So many cool aspects to coin collecting, but for me it is the link back to the 10 year old coin collector (me), who was intrigued by all the US coins in the Redbook, but only had the means for a handful of worn Mercury dimes, and Buffalos....And so, now, I get to do it big time, and I show that 10 year old all the great coins he wanted back then, but could only dream of.

  • DennisHDennisH Posts: 13,930 ✭✭✭✭✭

    I started with joy of ownership, but it soon evolved into friendships and collaboration. :)

    When in doubt, don't.
  • Dave99BDave99B Posts: 8,242 ✭✭✭✭✭

    Collaboration for me. I get great joy out of sharing my interests with other collectors. I'd like to make a dollar of two when I eventually sell, but that's way down the list in terms of why I collect.

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • telephoto1telephoto1 Posts: 4,638 ✭✭✭✭✭

    I've been collecting since age 7 (1970), working in the business since 1983, VP of a B/M since 1988 so it's a combo of collection and income for me.


    RIP Mom- 1932-2012
  • Joe_360Joe_360 Posts: 1,485 ✭✭✭✭✭

    Other: My parents owned a neighborhood grocery store in Chicago (60's/70's) and my Dad would put the silver coins collected from customers in cigar-boxes (big payoff in 80!) , and he got us coin-albums for collecting wheat cents, and quarters.

    I have two brothers and they also collect coins.

    Also I like the fact that you can still find interesting coins still in circulation (thank you Coin-Star!), makes this hobby fun..

    Oh yea, I'm a geek :#

  • divecchiadivecchia Posts: 6,460 ✭✭✭✭✭

    I voted "Joy of ownership (not investment)", but my main reason for collecting is a distraction from day to day life. When I pull out my coins and study them, I forget about everything else.

    Enjoy the Hobby!!!

    Donato

    Hobbyist & Collector (not an investor).
    Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set

    Successful transactions: Shrub68 (Jim), MWallace (Mike)
  • TurtleCatTurtleCat Posts: 4,583 ✭✭✭✭✭

    Some great posts here for sure. For me the joy of ownership is the top but close behind is an appreciation for the history and art. I enjoy learning about how history shaped coinage and sometimes how coinage shaped civilizations. However, I tend to stay on the surface for those discussions. Not what I would call “research” but maybe a survey course :)

  • WalkerfanWalkerfan Posts: 8,671 ✭✭✭✭✭
    edited August 30, 2022 12:47PM

    I don’t fit into one category but many. I am a collector and investor who enjoys history, art and beauty. I am also attracted to the scarcity (condition and absolute rarity) and monetary (potential investment) value. I like order and completeness, too, which is why I'm a set builder. I enjoy showcasing and discussing with like-minded friends/collectors.

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set:

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • TurtleCatTurtleCat Posts: 4,583 ✭✭✭✭✭

    I’m finding it interesting that so many are in the hobby predominantly for the joy of ownership. I thought I was the oddball somewhat for feeling that way. Nice to know I’m not :)

  • logger7logger7 Posts: 7,772 ✭✭✭✭✭

    My family has been in publishing and classical education, numismatics is part of that.

  • TorinoCobra71TorinoCobra71 Posts: 8,004 ✭✭✭

    Joy of Ownership.....I was a big time paticipator here in the 2000s....ask some of the longer time users....I sold off most of my collection and go out of the hobby for 10+ yrs....what a mistake.....Now I am in it for the passion of collecting.....minimal flippage for me!

    TC71

    image
  • KurisuKurisu Posts: 1,746 ✭✭✭✭✭
    edited August 31, 2022 5:04AM

    Two main influences come to mind for me...
    I've always been fascinated by miniatures.
    My Mom, Dad, and Grandma (on Mom's side) all loved coins but didn't really collect.
    My Mom wore a gold coin from the 1500s my Dad got her before I was born...she wore it literally almost every day for my entire life. When my Mom passed I discovered random coins she saved from the countries we lived in when I was younger and some other coin jewelry that I had never seen before.
    Mom was an English teacher and Dad was a PHD research chemist...sorta got the curiousness of things in general built into me and I genuinely just love these little metal objects :blush:

    Coins are Neato!

    "If it's a penny for your thoughts and you put in your two cents worth, then someone...somewhere...is making a penny." - Steven Wright

  • silverpopsilverpop Posts: 6,564 ✭✭✭✭✭
    edited August 31, 2022 5:18AM

    well my overseas trip in 1996 to Asia and the fact that my mom had some coins from her younger days gave me the idea of looking into the coin hobby

    but never had a main reason for being in this hobby

  • PerryHallPerryHall Posts: 44,851 ✭✭✭✭✭

    I picked joy of ownership. Mostly for the history they represent. Coins from the early years of the country and coins from the Civil War era are particularly appealing to me.

    Worry is the interest you pay on a debt you may not owe.

  • Mike59Mike59 Posts: 294 ✭✭✭

    The joy of ownership, check
    The History, Check
    The investment, Check
    When I was a kid my brother spent a fortune on tropical Fish, then Saltwater fish. They are all “long gone”. I collected inexpensive Lincoln pennies, Washington quarters and currency. I still have everything I bought 50 years later. Plus I still love it today
    Mike

    MIKE B.

  • BillJonesBillJones Posts: 33,042 ✭✭✭✭✭
    edited August 31, 2022 6:09AM

    I enjoy the study, and the ownership comes in second.

    The profits are a by-product.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • jkrkjkrk Posts: 914 ✭✭✭✭

    I just wanted to have a gold position. Started with bullion / bullion coins. Then in 2014 thought it would be cool to buy DE's
    about $100-$150 above spot (downside was limited to gold price). Later E-Bay introduced E-Bucks and I maxed out the offers buying De's at spot and below. Premium's rose after pandemic and I sold off many De's purchased years ago (reduced my DE holdings by about 20%). What did I do with the profits? Rolled it into somewhat rarer De's with larger premiums so I'm not sure I'll wind up ahead?

  • erscoloerscolo Posts: 353 ✭✭✭✭

    I would agree with the joy of ownership, and I also enjoy the hobby for the beauty of the coins, their artistry, composition and the message they give whether specific to a commemorated purpose or simply a coin series. The simplicity of a beautiful orange copper cent or the finish of a silver coin, each and every one has a story.

  • EXOJUNKIEEXOJUNKIE Posts: 1,600 ✭✭✭✭✭

    Other: It is therapeutic for me.

    I'm addicted to exonumia ... it is numismatic crack!

    ANA LM

    USAF Retired — 34 years of active military service! 🇺🇸
  • BryceMBryceM Posts: 11,594 ✭✭✭✭✭

    Other:

    Because it's fun, for many reasons. The poll options are far too narrow. For me, it's some blend of obsession, ownership, history, interaction with others, socializing, photography, shows, and sure, "investing".

  • crazyhounddogcrazyhounddog Posts: 13,676 ✭✭✭✭✭
    edited September 4, 2022 5:33PM

    I collect coins for the simple reason that I find them as historical art. I love some of the early designs on coinage. I find the Buffalo Nickel extremely beautiful in every way. Not to mention, but I will, they scream American. Many other U.S. coins I find very attractive. Such as the SLQ’s, Indian half and quarter eagles. Then of course the Saint $10 Indians. I could go on and on .
    Coins also take me back to the late 50’s collecting with my dad. I think of him every time I look or think about coins. I’m old as dirt now so maybe you can imagine how my mind can wander.
    Great topic. It made me wander😜

    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
  • Cougar1978Cougar1978 Posts: 7,209 ✭✭✭✭✭

    Freedom do my own thing, enjoy nice coins and currency.

    Coins & Currency both US and World
  • pursuitoflibertypursuitofliberty Posts: 6,357 ✭✭✭✭✭

    I picked Joy of Ownership, because that maybe fits the most ... but certainly Study and Collaboration as you define them come in a close second, as sometimes they are what makes the hobby even more worthwhile.


    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
  • EstilEstil Posts: 6,694 ✭✭✭✭

    To fill in as many holes as I can in my albums of course! I've especially caught the silver fever so I'm hoping to get all the FDR/GW/BF silvers I can get to fill in my albums while silver is still cheap...

    And of course I'd like to get all the mint/proof sets I can too; thanks again to @Coinscratch to getting me started with the 1999-2008 mint sets (I hope to get 1984-98 next)!

    WISHLIST
    Dimes: 55P+D, 54S, 53S, 52S, 50S, 49D+S, 47S, 46S, 45D+S, 44S, 43D, 41S, 40D+S, 39D+S, 38D+S, 37D+S, 36S, 35D+S, all 16-34's
    Quarters: 61D, 52S, 47S, 46S, 40S, 39S, 38S, 37D+S, 36D+S, 35D, 34D, 32D+S
    74 Topps: 37,38,46,47,48,138,151,193,210,214,223,241,256,264,268,277,289,316,435,552,570,577,592,602,610,654,655
    1997 Finest silver: 115, 135, 139, 145, 310
    1995 Ultra Gold Medallion Sets: Golden Prospects, HR Kings, On-Base Leaders, Power Plus, RBI Kings, Rising Stars
  • CoffeeTimeCoffeeTime Posts: 88 ✭✭✭

    I’m helping my kiddo with the hobby and diving in myself along the way

  • spacehaydukespacehayduke Posts: 5,082 ✭✭✭✭✭

    All of the above............


    Successful transactions with-Boosibri,lkeigwin,TomB,Broadstruck,coinsarefun,Type2,jom,ProfLiz, UltraHighRelief,Barndog,EXOJUNKIE,ldhair,fivecents,paesan,Crusty...
    Everyman Bust Quarters
    Early Quarters
    CAC Capped Bust Quarters
    CAC Barber Quarters
  • fathomfathom Posts: 1,439 ✭✭✭✭✭

    My Grandfather gave me a silver dollar.

  • OKbustchaserOKbustchaser Posts: 5,412 ✭✭✭✭✭

    Other...

    I like big busts (and I cannot lie.) >:)

    Just because I'm old doesn't mean I don't love to look at a pretty bust.
  • tommy44tommy44 Posts: 2,158 ✭✭✭✭✭

    I chose Other but this poll really needed a "All of the Above" choice. My initial reason for collecting was joy of ownership but that has changed over the last 60 plus years to include all of the above. From filling holes in blue Whitman folders with paper route proceeds, learning the history of this wonderful country and the world, selling coins I purchased 10 to 50 years ago at huge profits, and the many people I've met along they way it has been a great hobby for me.

    it's crackers to slip a rozzer the dropsy in snide

  • jesbrokenjesbroken Posts: 8,712 ✭✭✭✭✭

    I chose other because I enjoy it for the love of the hobby/coins theirselves and especially the fellowship and comraderie forums, shows and the internet itself gives to those of us unable to travel the country. Coin value is just a benefit when it occurs in a positive way and when negative it becomes tuition we all must pay.
    Jim


    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.
  • TurtleCatTurtleCat Posts: 4,583 ✭✭✭✭✭

    @tommy44 said:
    I chose Other but this poll really needed a "All of the Above" choice. My initial reason for collecting was joy of ownership but that has changed over the last 60 plus years to include all of the above. From filling holes in blue Whitman folders with paper route proceeds, learning the history of this wonderful country and the world, selling coins I purchased 10 to 50 years ago at huge profits, and the many people I've met along they way it has been a great hobby for me.

    I wanted to avoid the all of the above because nearly 100% of the responses would be that. Over the years listening to different people in different hobbies it seems that there is usually one significant reason someone pursues an interest above other reasons, even if there are multiple reasons someone is interested.

  • joeykoinsjoeykoins Posts: 14,595 ✭✭✭✭✭
    edited September 1, 2022 8:00AM

    Yes, I voted "other",
    Because like the ones mentioned above.
    I'm here for many reasons.
    #1 the fact about the history of the mint itself. Along with the many historical contributors involved, blows my mind!
    Then, of course the financial aspects come into play. Plus, we can't forget the Beauty in all these little trinkets we take for granted, rolling through our hands everyday.
    I'm not just talking about U.S. coins either.
    All over the World coins are amazing as well.
    One of the first coins that were ever in my collection.

    The 1847 Large Cent

    What beauty!
    <3

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • EstilEstil Posts: 6,694 ✭✭✭✭

    @OKbustchaser said:
    Other...

    I like big busts (and I cannot lie.) >:)

    I like big books (reference/coffee table ones; especially World Book/Britannica/etc yearbooks) and I cannot lie! :blush:

    WISHLIST
    Dimes: 55P+D, 54S, 53S, 52S, 50S, 49D+S, 47S, 46S, 45D+S, 44S, 43D, 41S, 40D+S, 39D+S, 38D+S, 37D+S, 36S, 35D+S, all 16-34's
    Quarters: 61D, 52S, 47S, 46S, 40S, 39S, 38S, 37D+S, 36D+S, 35D, 34D, 32D+S
    74 Topps: 37,38,46,47,48,138,151,193,210,214,223,241,256,264,268,277,289,316,435,552,570,577,592,602,610,654,655
    1997 Finest silver: 115, 135, 139, 145, 310
    1995 Ultra Gold Medallion Sets: Golden Prospects, HR Kings, On-Base Leaders, Power Plus, RBI Kings, Rising Stars

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