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What Constitutes, And Are You An Average/Ordinary Collector?

BLUEJAYWAYBLUEJAYWAY Posts: 8,051 ✭✭✭✭✭

The term average/ordinary is bandied about by many in the media in referring to a certain block of people. Got me wondering how this definition is deemed/applied to our collecting fraternity. Is it determined by how much we spend, what we collect,our station in life etc. I look upon all collectors as just this. Collectors. Not average or ordinary.

Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".

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    ZoinsZoins Posts: 33,910 ✭✭✭✭✭

    Everyman used to mean AU58, but there's an MS64 Everyman now as well:

    https://www.pcgs.com/setregistry/everyman-collections/239

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    DavideoDavideo Posts: 1,361 ✭✭✭✭

    I would guess it is typically used in the context of market appeal. An MS64 Morgan would appeal to an "average collector" meaning that it is broadly popular. Some esoteric civil war token or $100K coin would not have a large market and not be of interest to an "average collector". I don't typically see any sort of negative connotation with the phrase average collector.

    I'm not an average collector, because I don't spend very much and have unusual interests.

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    ShaunBC5ShaunBC5 Posts: 1,636 ✭✭✭✭✭
    edited February 13, 2023 12:08AM

    I would say I’m within 2 standard deviations of the mean in pretty much every part of my collecting. Lately I’ve spent between 1 and 2 thousand dollars per year, spread out over 3-7 coins per year and gotten some very normal collectible US coins (along with some ancients and foreigns for the wife/kids that aren’t included in any of the other numbers).
    I try to buy quality but my budget determines a lot. To me, all of this sounds really ordinary. For the record, I felt pretty ordinary as a teenager spending half of today’s budget on twice as many coins (and was probably still somewhere around the mean).

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    dsessomdsessom Posts: 2,212 ✭✭✭✭✭

    We humans like to label everything, and I suppose "ordinary" would be defined differently by different folks. It's relative.
    Do we define "average" by the amount of money they spend on rare coins per year? Or the $ cap on what they are willing to spend on a single coin? Does the definition come from what they collect? (For example, a person who collects graded Morgan dollars, vs. a person who collects raw Love tokens, Hobo nickels, and medals)

    I don't have an answer, but I DO consider myself a pretty average collector. I don't have anything in my sets of real rarity, and my $ cap on a single coin to date is $2,000. There have been years where I didn't buy any coins at all, and other years where I spent thousands.

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    keyman64keyman64 Posts: 15,456 ✭✭✭✭✭

    I only collect your average parking lot finds.
    That’s what half the threads seem to be about these days. ;)

    "If it's not fun, it's not worth it." - KeyMan64
    Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners. :smile:
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    I am not sure that there is a decisive answer to this question.
    As far as coins go you would need to take a poll to determine what the average is.
    We could speculate but that's all it would be.
    I think the best response it that there would be different tiers of ordinary. What does someone want to spend?
    If your worth millions and you spend $1000 a year collecting coins then would you be considered ordinary?

    Or if your wealthy and can write a check in any amount to amass a huge collection in a short amount of time does that make you an exceptional coin collector or just ordinary in the relative sense of what percentage of wealth you choose to spend?
    If Elon Musk or Bill Gates decided to collect coins they could write check after check without putting a dent in their fortune and surpass all of the great collectors to ever exist. Would that make them extraordinary collectors?
    I think that would only make them rich people, who I have nothing against, doing ordinary things with their money.
    It's a difficult question to answer.

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    jacrispiesjacrispies Posts: 718 ✭✭✭✭✭

    Perhaps average collector doesn't mean money spent, but time involved? Would a person who had $1,000 annual budget for coins but spends everyday studying them considered an average collector? What about if a millionaire only looked at coins five times a year but has a budget of $20,000 per coin?

    "For the wages of sin is death, but the free gift of God is eternal life in Christ Jesus our Lord" Romans 6:23. Young fellow suffering from Bust Half fever.

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    silverpopsilverpop Posts: 6,599 ✭✭✭✭✭

    average or not a collector is just that a collector

    Coins for sale at link below
    https://photos.app.goo.gl/TyJbuBJf37WZ2KT19

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    Shane6596Shane6596 Posts: 759 ✭✭✭✭✭

    Ive got a couple coin books, like certain coins, do research and goto coin shops occasionally. Budget is probably around 1-2k over a year. I might fit in the average collector cat.

    We had this discussion on my astronomy forum recently. Very similar. What makes an amateur astronomer. How much gear you have, how much it cost, how detailed your logbooks were.

    There was no conclusive answer. Someone with a pair of binoculars could be in the amateur astronomer category.

    Successful BST transactions with....Coinslave87, ChrisH821, Walkerguy21D, SanctionII.......................Received "You Suck" award 02/18/23

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    CatbertCatbert Posts: 6,605 ✭✭✭✭✭

    Some baseline facts to share:

    • Average age of USA residents - 38
    • Average age of coin collectors per COINage publication - 60
    • Number of coin USA collectors (per US Mint) - 125 million
    • Median household income in USA:

    "Got a flaming heart, can't get my fill"
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    silverpopsilverpop Posts: 6,599 ✭✭✭✭✭

    come on now people who cares there is no real solid answer as opinions will differ on what make a collector average or not

    Coins for sale at link below
    https://photos.app.goo.gl/TyJbuBJf37WZ2KT19

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    coinbufcoinbuf Posts: 10,771 ✭✭✭✭✭
    edited February 13, 2023 11:50AM

    I am as average as it gets. :)

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
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    NeophyteNumismatistNeophyteNumismatist Posts: 897 ✭✭✭✭✭

    Number of Coins = Below Average
    Quality of Coins = Average
    Level of Knowledge = Below Average
    Level of Fun = Above Average


    Average = Average

    I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.

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    DeplorableDanDeplorableDan Posts: 2,562 ✭✭✭✭✭

    @NeophyteNumismatist said:
    Number of Coins = Below Average
    Quality of Coins = Average
    Level of Knowledge = Below Average
    Level of Fun = Above Average


    Average = Average

    Your level of knowledge is not below average imo. I do the same thing comparing myself to other forum members who have been collecting for 50 years, but comparing against the collector base as a whole, on and off the forums, we probably rank higher than we would think.

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    leothelyonleothelyon Posts: 8,365 ✭✭✭✭✭

    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

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    OmegaraptorOmegaraptor Posts: 528 ✭✭✭✭✭

    @jacrispies said:
    Perhaps average collector doesn't mean money spent, but time involved? Would a person who had $1,000 annual budget for coins but spends everyday studying them considered an average collector? What about if a millionaire only looked at coins five times a year but has a budget of $20,000 per coin?

    I agree. Having deep pockets does not make you an advanced collector.

    Case in point:

    https://youtu.be/mk0F_sQY-kM

    "You can't get just one gun." "You can't get just one tattoo." "You can't get just one 1796 Draped Bust Large Cent."

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    DollarAfterDollarDollarAfterDollar Posts: 3,214 ✭✭✭✭✭

    I think I have a few hundred $5 to $50 coins of all types. I also have a few PCGS and NGC boxes of slabbed and (mostly CAC'd) coins, also of all types. I think that's pretty typical.

    If you do what you always did, you get what you always got.
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    NeophyteNumismatistNeophyteNumismatist Posts: 897 ✭✭✭✭✭

    Thanks for your kind words @DeplorableDan. I am in awe of the guys that know every nuance to every series and the prices of any coin in any grade. Those collectors with such depth and breadth of knowledge never cease to fascinate me.

    I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.

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    CatbertCatbert Posts: 6,605 ✭✭✭✭✭

    I think the average collector doesn't own a slabbed coin.

    Thus, those who post here are above average.

    "Got a flaming heart, can't get my fill"
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    mirabelamirabela Posts: 4,970 ✭✭✭✭✭

    I think what's average here is not the same as what's average "out there." You could reckon it in terms of time or knowledge or money or whatever metric you like, but in general those of us who hang out here are in a little deeper than most collectors will get.

    mirabela
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    lkeneficlkenefic Posts: 7,831 ✭✭✭✭✭
    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.
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    keyman64keyman64 Posts: 15,456 ✭✭✭✭✭

    @Omegaraptor said:

    I agree. Having deep pockets does not make you an advanced collector.

    Case in point:

    https://youtu.be/mk0F_sQY-kM

    OMG!

    "If it's not fun, it's not worth it." - KeyMan64
    Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners. :smile:
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    Cougar1978Cougar1978 Posts: 7,640 ✭✭✭✭✭
    edited February 13, 2023 9:03PM

    Just an ole poor boy.

    So Cali Area - Coins & Currency
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    BLUEJAYWAYBLUEJAYWAY Posts: 8,051 ✭✭✭✭✭

    @Jzyskowski1 said:
    Don’t I look average?

    I certainly consider myself average if collecting coins with beavers on them or currency with a 3 as their denomination is average 🙀

    Chewbaca The Cat

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
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    DNADaveDNADave Posts: 7,239 ✭✭✭✭✭
    edited February 14, 2023 4:13AM

    Of all the collections I’ve purchased ( a couple of dozen over the last 10 years) only two key dates were present. One had an AU 1928 Peace dollar, and the other a 32S Washington in a Whitman folder.

    Most of what I see included mint and proof sets, some silver dollars, and every kind of jar, sock, box, Crown Royal bag or can with 90% and wheat cents, tokens and world.

    I buy from word-of-mouth, mostly from estates and could argue that these are more “accumulations” rather than collections. But that’s what I think is average.

    Any organization or well put together collection by a knowledgeable person is above average IMO.

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    Frankly, I don't give a damn about categories.... I collect coins, I enjoy the hobby. I have great coins, I have nice coins, I have slabbed coins, I have raw coins..... I just have fun with coins. No labels, no claims.... Cheers, RickO

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    dsessomdsessom Posts: 2,212 ✭✭✭✭✭

    Well, I just went by Larry Shapiro's website and couldn't afford a damned thing there, so maybe I am below average after all! :/

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    jwittenjwitten Posts: 5,077 ✭✭✭✭✭

    Just the fact we are members on a coin board would put us above average I would say. Most coin “collectors” put away wheat cents, unique quarters they find, etc, but never own slabbed coins, gold, or anything really worth collecting. Once they die, their relatives contact people like us to ask what the collection is worth, only to find out it’s not much. So I would say almost everyone on here is above average.

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    NeophyteNumismatistNeophyteNumismatist Posts: 897 ✭✭✭✭✭
    edited February 16, 2023 4:35PM

    UPDATE: In another thread, I wrote about my experience with the Cub Scouts this Tuesday where I taught them about coins. It was a blast. I did not mention that a few of the parents were interested and brought their coin collections for me to check out.

    Congratulations - if you are reading this, you are well above average.

    I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.

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