Words to collect by!! Quote from Board member.

mdwoods

I found this statement by tjkillian in another post. Sums it up nicely!

"How could any coin collector tell another coin collector that "his" coin was a waste of time and money. Personally, I think that coin collecting should be for everyone, and collect whatever you choose, within budget of course."


If I could only do the budget part!! mdwoods

braddick

Right!
VAMS. Double Dies. Accented Hair. Rainbow toning. Blast White. High Grade. Low Grade. U.S. Foreign. Love Tokens. Key Dates. Cameos. DMPL's. Full Steps. FullSplitBands. FullBellLines. Mint Sets. Proof Sets. Classics. Contemporaries.

We're all members of the collecting family.
There is no wrong way of collecting. True?

Clankeye

<< <i>There is no wrong way of collecting. True? >>



True.

There are certainly learning curves to collecting successfully, but success also is defined by the individual collector.

Clankeye

UncleJoe

There is also no "right" way to collect.

Joe.

shirohniichan

Let me be the first to play devil's advocate and say that there is a wrong way to collect. For example, one may collect coins from a certain coin company in a little town in New Hampshire with the goal of selling it for a profit in a few years. If he measured his success by his ability to make a profit, he'd be doomed to failure.

If tjkillian meant that there is no right or wrong items to collect (without regard to grade or price), I'd agree.

I've been successful in collecting lots of wonderful coins and avoiding that trash that the rest of you collect.

coppercoins

Although there is no right or wrong way to collect, research and listening to others can help you more easily and quickly find the niche in numismatics that will make you happy, and it will assist in keeping you from spending unnecessary funds to find that path.

Anyone who happens to read this and thinks they are interested in Lincoln cent die varieties (doubled dies, repunched mint marks, etc.) I would be glad to assist in any way I can and would enjoy conversing with you.

Petescorner

WTC Death Coin collectors will always hold a special place in my gall bladder, along with bile.

But aside from that, collect what you love; and love what you collect!

Clankeye

In your example, Shiro, I don't consider that person a "collector." I would label him an investor or a speculator. I think a collector gathers things out of some form of intellectual or aesthetic appreciation. Sometimes welling from a source they themselves do not fully understand.

I think coins are pretty. Shiny too.

Carl

PS: You better quit helping the Devil, Shiro. He's bad.

FrattLaw

I wanna collect ACG slabbed coins is that okay?

Michael

RLinn

For me the issue is enjoyment. True, there are no right or wrong coins to collect, but I measure right or wrong by my personal enjoyment. If I am enjoying collecting and my collection, then I am doing it right. However if I am not enjoying it, then I'm doing it wrong and want to dicover why. Sometimes I overpay due to lack of knowledge or impulse buying and this may lead to a lack of enjoyment. Once I acquire the requisite patience and knowledge the enjoyment seems to return. So I measure my right or wrong by my level of enjoyment.

BSqr

Petescorner,

Are you referring to the WTC victim tribute coins? I have some. I like them.

How dare the coin hobby try to help out by donating 12% of the original sales to the victims. I'd say that money helped out infinitely more than your self-righteous indignation.

Petescorner

BSqr,

You'll be happy to know that my opinion of you hasn't changed.

Russ

<< <i>I wanna collect ACG slabbed coins is that okay? >>



Why wouldn't it be okay? ACG is a wonderful company that is maliciously maligned and denigrated by a bunch of jealous competitors who could never hope to achieve their lofty status in the grading community.

Russ, NCNE

shirohniichan

In your example, Shiro, I don't consider that person a "collector." I would label him an investor or a speculator.

OK, how about the collector who buys from little town coins without learning how to grade? His ignorance would cost him dearly if he tried to sell his collection later, even if he wasn't doing it for the money.

What you collect is neither right nor wrong, but how you collect may be judged on a sliding scale.

tjkillian

One should collect what turns them on, whether is is proof bust dollars by die state , ACG coins, change from circulation, WTC Death coins, bright red, original indian cents or what ever. I would always recommend learning as much as you want to to make an informed collecter/hoarder/invester. Just because I prefer 18th and 19th century type coins does not mean I'm wrong for not collecting Walking Liberty Half Dollars.

Tom

Outhaul

I've always implored others to collect what they like and to hell with everyone else. I collect to please ME!

Cheers,

Bob

Conder101

<< <i>PS: You better quit helping the Devil, Shiro. He's bad. >>



From who's point of view? Right and wrong CAN be subjective.

CLASSICS

<< <i>

<< <i>There is no wrong way of collecting. True? >>



True.

There are certainly learning curves to collecting successfully, but success also is defined by the individual collector.

Clankeye >>

...............the only wrong way to collect, is by not collecting what you like

Cam40

I agree with Shiro in that if your not `smart` about what your collecting,you stand to really lose in the long run.
How enjoyable could that be.
Collecting is one thing,but collecting smart is another.

fairtraderzz

"How could any coin collector tell another coin collector that "his" coin was a waste of time and money. Personally, I think that coin collecting should be for everyone, and collect whatever you choose, within budget of course."

Words to live by. Sounds like words of wisdom!

Gary

eBay auctions by fairtraderz

Cam40

What if I collected only Lincolns from 83-present in any grade?
Would you respect my opinion on ANYTHING?

Bear

I think a person should be allowed to collect only what a majority

of their peers dictates. Free will should never be allowed in the collecting of coins.

The key is profit, profit, profit.....Push , push, push....Intimidate, intimidate, intimidate all the time.

If the collector cant abide by this then there are always stamps.

coppercoins

Perhaps there's some truth to the ide that not all of us care whether we are going to get a "return on our investment" from collecting. If I bought something for $25, enjoyed it for 50 years, and after my death it was sold for 50 cents, why should I care? Why should anyone care? If it was worth the $25 to ME, that's the only important part.

Assembling items into a set as defined by the one doing the assembling is collecting. Nobody else can define what that person's goal is, nor can they dictate to that person what a "set" is.

I have never considered the 1922 "no D" error a part of a complete Lincoln cent set. I will never own one because I do not see spending the ridiculous money the market demands for one to get a simple worthless error. I'm not wrong, nor are the people who insist that for their set they have to have one. It's completely subjective as to what "your set" needs to be complete in your eyes.

I personally don't care about profiting from my collecting. It has never been important to me. If I happen to profit from a purchase and resale, so be it...but that won't keep me from paying over market value for something because I want it and consider it necessary for my set, knowing full well that I would have a really hard time getting half of what I paid for it in return.

All of the people here who are solely concerned with how much a coin is worth in resale when they are assembling their sets are simply investors. They are not collecting for the long haul, they are purchasing for a profitable resale. There's nothing wrong with that, but I too commonly find these "collectors" trying to dictate to others that their purchases must be done as investments - buy only what you can get a profitable return on...and that's just not right.

coppercoins

<< <i>What if I collected only Lincolns from 83-present in any grade?
Would you respect my opinion on ANYTHING?

>>



Yes I would...and why shouldn't I? There's no reason why a person should be ridiculed for collecting something that other people consider junk. Let them consider it junk and get on with life. Collect what you want, not what others dictate. You only live once, why do it to the beat of someone else's drum?

Cam40

I heard the Elvis stamp is the largest produced and biggest seller of all stamps.Wow ,What I wouldnt give to own a few 1,000 of those..

Cam40

Ok .Collecting doesnt have to be about some future potential profit,But it sometimes makes it that much more enjoyable....

coppercoins

<< <i>Ok .Collecting doesnt have to be about some future potential profit,But it sometimes makes it that much more enjoyable.... >>



For some people yes...either way you see it, you're not wrong. You would be wrong for dictating that to someone else as being the "right way to collect".

Cam40

I concur

coppercoins

The way I see it there are different types:

1. For fun : those who collect because they like what they see and want to buy it to have it and enjoy it.

2. For estate : those who buy what they like with the thought that their grandkids will make money from it. They have to be careful about the market.

3. For profit : those who collect to resell and make a buck to buy more next time. Many of these end up becoming vest pocket dealers.

4. For science : those who buy and collect coins to study them and learn from them, then write about what they learn.

Each of these four different types can be mixed and matched in different levels and quantities to match a single person's numismatic goals and habits. I'm 10% #1, 10% #3, and 80% #4. Small part just for fun, small part for profit, and large part to study, learn, and teach what I learn. So it makes much less difference to me to make a profit on what I purchase than it does to be abl to learn and teach others what I learn from having made that purchase.

Crashtestfixer

three kids, & teachin each in their own way.. G10 good for some-MS70 not good for some. Old cions can do well, new coins are doin great. what $ buy compared to sell is 1/2 the game, reckon rest is history,satisfaction, love of coinage. G coin movement is what keeps this thing alive (entry&keys). Do not all buy the best for their budget? (be it a Geo, Nagivator or GT 40?)