Home U.S. Coin Forum

Buy the coin before the book?

MrEurekaMrEureka Posts: 24,331 ✭✭✭✭✭
You often hear people say that collectors should buy the book before the coin. I'm not so sure. I have much more FUN buying coins I don't know about, even if the deals aren't always as good. Any thoughts?
Andy Lustig

Doggedly collecting coins of the Central American Republic.

Visit the Society of US Pattern Collectors at USPatterns.com.

Comments

  • JamericonJamericon Posts: 438 ✭✭✭
    If you are not spending serious money, then have fun!
    Jamie Yakes - U.S. paper money collector, researcher, and author. | Join the SPMCUS Small-Size Notes, National Bank Notes, and NJ Depression Scrip
  • coppercoinscoppercoins Posts: 6,084 ✭✭✭
    With me either way works, but be sure you buy both. Don't end up ten years into collecting with nothing more than a Red Book and very little knowledge.
    C. D. Daughtrey, NLG
    The Lincoln cent store:
    http://www.lincolncent.com

    My numismatic art work:
    http://www.cdaughtrey.com
    USAF veteran, 1986-1996 :: support our troops - the American way.
    image
  • CLASSICSCLASSICS Posts: 1,164 ✭✭
    would you spend a 1000.00 on a coin you didnt know anything about? or even a hundred dollars without first reading about it. iam sure you would not. so as long as they are cheap and pose no great loss. hey, why not have some funimage
  • RYKRYK Posts: 35,798 ✭✭✭✭✭
    Reading "the book" has definitely increased my enjoyment and level of interest in the coins that I collect. I think the book goes hand-in-hand with coin purchases.
  • Is there a specific "the book" you have in mind?
  • OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭
    Ditto Jamericon...It's ok as long as you're just nickel and diming it. However, you have to be careful because when the urge to make that first higher priced purchase strikes, it is sometimes uncontrollable. A little knowledge going in wouldn't hurt.

    Cheers,

    Bob
  • ahah Posts: 161 ✭✭✭
    "The Officail RED BOOK"
    A guide Book of United Staes Coins 2003
    by R.S. YEOMAN
    I bought the spiral wire bound book this edition and
    find it much easier to get around.

    image
  • MrEurekaMrEureka Posts: 24,331 ✭✭✭✭✭
    Don't get the wrong idea! I have hundreds of numismatic books, and I've been collecting and dealing for 30 years! I just have WAY, WAY more fun buying stuff that I don't know about. It's more of an adventure and a great learning experience. It's like starting all over again. I have a good eye and good instincts, so I don't buy too many really bad deals. If I got burned too often, I'm sure it would get old pretty quickly...of course.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • Buy the slab and not the coin. That is my new motto.

    Cameron Kiefer
  • MercMerc Posts: 1,646 ✭✭
    Often, I buy the book when I can't buy the coin. There are some coins that are so expensive I'll never own them, but I can buy a book about them. I just bought Miller's Morgan and Peace Dollar Text book. There are many nice pictures of Morgans. I'll never own them all but I can still look at them anytime I want.
    Looking for a coin club in Maryland? Try:
    FrederickCoinClub
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    I think it's good to have at least with a few coins to start, to compare to the pix in the book.
  • Books first if you can . Otherwise, you continue to overspend!
  • Unfortunately, I seem to buy too many books...Ebay and coin supply tables at shows are not good for me! I'll eventually have to give up on my books and get some more coins!
    Cameron, when you say you buy the slab, not the coin, you're talking about sample slabs right? image
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭
    I've been collecting moderns for many years. I still think of the first book
    for them as being new. It came out in '92. There is a book now for all of
    the moderns except quarters, though many areas are very poorly studied
    still.
    Tempus fugit.
  • Oh, could I say a lot about this subject. But first and foremost, this hobby should be fun. If you're enjoying what you're doing, then that's the bottom line. Books themselves are fun for a lot of people, as one reply alluded to. However, I do feel there is so much knowledge shared in so many books. I feel if you're serious about the hobby, you can't have too many books. I've also found that buying a book on a subject of which I knew little sparked a new interest for me. Bottom line? Have fun! -- J T
    J T Stanton
    P O Box 15487
    Savannah, GA 31416-2187
    E-mail: jtstanton@aol.com
    Web: www.cherrypickersguide.com
  • Conder101Conder101 Posts: 10,536
    I'm in the same book as Johnscoins. I have over four boxes of books that i have purchased in numismatic liteature auctions in the past year that I haven't even opened yet. (There have been plenty of other boxes that I have opened during the same period.)
  • CoinosaurusCoinosaurus Posts: 9,632 ✭✭✭✭✭
    I have tons o' books, but there is NO substitute for actually looking at thousands of coins in person - there is some knowledge that can not be captured in a book.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file