The Co$t of Set Registry

HuliganRS

Hey Gang...

I'm stting at home looking over my Kennedy's and a thought crossed my mind --> How much did I spend on these Kennedy's alone?
My rough figures are estimated at over $1500 !!! WoW ... I mean after this weeks purchases I'm barely over 50% complete!
and $1500 is a rough estimate!!! 98-S alone was $350
What's your collecting "HABITS" seting you back?

Sealyp

You gotta be kidding! You want me to post on here how much I have invested in my coins? What if my wife reads this! That will be the end of my collection. Ohh now don't get me wrong, she thinks my coins are "cute", and sits there and at least looks at me while I ramble on about this coin or that coin, but if she had any idea how many new cars she has missed out on because of my quarters..... Oh I hesitate to even think about it. Sufice it to say, I go in waves. Good for awhile, picking up one or two nice coins a month, then sometimes something just gets in me. I sit back at the end of the month, look in the check book and think WHAT HAVE I DONE! Then I sit out for a week or so till I feel I have been punished enough and start all over.
SealyP

Hoytogle

My last eight PCGS PR70DCAM modern dimes in excess of $4000.00

BNE

Too, too much. And that's not including the "cost" of sanity.

But, hey that's the fun of it, right?







Right?

Fairlaneman

Not very worried about how much has been spent so far but real worried about where the last $15,000 is going to come from for the last 4 dimes that are needed.

If a post is made on what was spent on the last couple of dimes it will be instant "Hairy Cairy"(Old Asian term for self inflicted death I believe and not to be confused with the ex-outstanding Chicago Cubs broadcaster) on my part if the Loving and hopefully understanding better half finds out. No one will Take Me out to the Ball Game if she finds out.

itsnotjustme

After getting much more serious about collecting about 2 years ago, I finally took a good inventory and insured my coins. It's kinda scary what they are worth--saving nickels (MS64 Shield) and dimes (MS 64 Seated) and quarters (AU55 Seated) can really add up!

FC57Coins

Indeed once you get the bug your collection can certainly add up fast... And as your collection becomes better, your tastes get more and more shall we say "snootier"? and you decide that there are some REEEEEEEALLY great pieces out there that you would love - so what's a couple of thousand bucks right? RIIIIIIIGHT - Bytheway Sealyp I loved your comment about your wife! Mine - bless her heart, walked by my desk the other night and looked at one of my MS66FBL Franklins and said - why did you buy this dirty coin??? LOL

Regards,

Frank

python1

Too Much......but like Fairlaneman says...where the rest of the collection money will come from...hmmmmmmmm. I only wish it was 15K more though...he knows something I dont...hmmmmmm.

Fairlaneman

Frank:

Dirty Coin for a Toned piece just must be the generic answer from the female gender in the household. Can't remember how often the Lady of the house has said the same thing about a Toned Purchase.

Dennis:

That was a little conservative or maybe just Real High hopes that they could be found for that. If people would finally relize the 16D is as common as stray cats the estimate would be in the Ball Park.

Ken

WWBillman

Don't get me thinking about the money

I have spent $3500.00 in the last 2 weeks and only got 3 coins to show for it.

braddick

That is one interesting side effect of the Registry. It is easier to see exactly how much you've spent when you look over your Registry (inventory)!

lazeroo

LOL , OMG. if I tell ya your going to quit collecting!!

rob.

oldcameoproofsguy

I just think to myself that all the money I spend on these coins is OK because they are actually really cheap compared to what they are REALLY worth. I SURE HOPE THAT I'M RIGHT!!!!!!!My Proof Barbers

KAJ1

oldcameoproofsguy ,

That is one hell of a set.


Kevin

RELLA

This whole thread needs a spin-off thread about what one does and doesn't tell the wife:

1. What you spent on that coin..I say it starts with a 6, she thinks it cost $600. It probably cost $695, or in a rare case, $6900.

2. "This raw coin I paid $5 dollars for, doesn't it look just as nice as this certified coin worth $300"? She never questions where I got the certified coin to compare my raw coin to and how much that coin cost me.

I paid $4,200 for my first Lincoln short set and $11,000 for the full set to get to its finest hour...got $6,000 short and $16,000 total out of it when I had to sell it the first time.

RELLA

a2labmom

Personally, I don't tell the wife anything. But I tell my husband everything. As a matter of fact, he has convinced me to buy a few of my more higher valued coins when I was hedging on the price.

As for the cost of my set, well...I don't think I want to say or really know. I might wind up in the cardiac intensive care unit.

Typetone

Two comments.

My wife thinks that toned coins would smell bad if taken out of their holders. She might be right.

Two, if bought right, coins can hold their value, and maybe even appreciate. So, don't think of coin purchases as money down the rat hole. No wife or husband that I know of would question the saving of a portion of income. Coins can be part of that.

Three, always good to talk about your winners. I bought a 1976D Type 2 IKE in MS67 for $900. Sold it a year and a half later for $2,800. Bought a 32D Washington quarter in MS64 for $1,300, sold it one year later for $3,400. Even though the price of either is probably higher right now, those are the deals that get talked about. Lost $1,200, on the purchase and sale of a 19th century proof gold piece. That doesn't get talked about. Hey, how has your Intel stock done over the last two years?

Greg

Cocoinut

Good point, Greg. I also think of coin purchases as a form of saving or, more appropriately, investment (they can decrease in value). It's just human nature to talk about the good deals, and keep quiet about the losses. Anyone who has been in the hobby for more than a couple of years has probably experienced both.

The first year I bought what I thought were a lot of coins was 1967. I spent a grand total of $130 that year, but BU Mercs were 90 cents, common date Walkers from freshly opened BU rolls were $3.50, and common date Morgans $2.00. After graduating from college and getting a "real" job, the annual total increased substantially. When the mortgage was paid off, some of the money that used to go to house payments went to coins, and with the stock market in the doldrums the past 3 years and the low interest rates, the total has reached new highs. I keep all of my receipts, and track my purchases on an annual basis, but haven't taken the time to figure out what the grand total is. I'd probably be shocked. Some people think I'm nuts because I'd rather buy coins than a new car.

Since 1987, any coins of significance have been slabbed, and about half of them are now in registry sets. Participating in the registry has been an incentive to fill in the gaps in some incomplete sets.

Jim

goyankeez

A scarier thought to this thread is how much money did you lose in your "investment" of coins. Compare how much you bought them for to how much their worth. Hopefully your investment has appreciated. Scary thought.

Actually, I think "collecting" is a type of investment. If anybody (spouse included) is amazed at how much you paid for your coins, whether in the hundreds or the hundreds of thousands, you can say its a long-term investment. Spending money on coins is not like spending money on fine cigars or wine (for consumption). Slowly, we're building "portfolios" of investments, although we call them sets. Coin collecting may be fun and rewarding, but you are left with something more than a cigar butt and an empty bottle.

I must of have spent about $1500 on my unfinished and upgradeable registry set, but in the back of my mind I consider it a long-term investment. I carefully plan my purchases and buy from repected dealers. I'm actually quite comfortable with what I spent and how much I will spend. AND ITS FUN

Coppernicus

I could know exactly how much I have invested in my Wheaties but I've held off on using the SUM function in my spreadsheet!

I do not view my collecting as either saving or investing - It is therapy! The time I spend with the coins is very relaxing and it keeps me in the house at night!

I use my PCGS Registry Set as an incentive to fill the holes with qualtiy coins.

Enjoy collecting! (and try not to SUM)

Coppernicus