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How much $ do collectors here spend per year on their collections?

sumner1984sumner1984 Posts: 82 ✭
in U.S. Coin Forum
I spent about $1200.00 last year on coins .What do some of you guys spend on coins? I`m really trying to manage my money so I have even more for coins because they will last a lifetime.

Comments

  • BladeBlade Posts: 1,744 ✭
    Less than I would like to but more than my wife knows about image
    Tom

    NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.

    Type collector since 1981
    Current focus 1855 date type set
  • JrGMan2004JrGMan2004 Posts: 7,557 ✭
    Bought $50 a month, if that... so, I guess if I keep this up, it'll get up to about $600 a year...
    -George
    42/92
  • jbstevenjbsteven Posts: 6,178 ✭


    << <i>but more than my wife knows about >>



    if she finds out you will be in BIG ***cough**1799iconcoin***cough trouble!

    image
  • BillJonesBillJones Posts: 35,710 ✭✭✭✭✭
    Back when I was "pure" collector before I became a dealer, my coin buget was in the $10 to $15 thousand range per year. Now, well it depends upon what I can afford and what I happen to see in the course of business. My demands for coins and tokens are pretty focused these days to a limited number of items.
    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 ... ?
  • 12345678901234567890 Posts: 395
    About $700 last year... But it's only gonna be like $400 this year... image
    ~Richard Dorrance
  • TrimeTrime Posts: 1,863 ✭✭✭
    Buying is easy, selling s harder!image
    Trime
  • CladiatorCladiator Posts: 18,337 ✭✭✭✭✭
    Last year was my first year collecting and I dropped about $3,000 in total. I'd like to spend much more and get lots of COINS image this year but I can't until I get a frickin' job!
  • ARCOARCO Posts: 4,445 ✭✭✭✭✭
    I would say it was about 8k - 10K last year. with about half of that from sold coins recycled back into new ones.

    Tyler
  • bozboz Posts: 1,405 ✭
    I dropped a little over 20k last year. This year looks to be about the same with what I'm looking for.image
    The great use of life is to spend it on something that will outlast it--James Truslow Adams
  • dan1ecudan1ecu Posts: 1,573
    I spent a few thousand last year.

    I make sure that I invest for my retirement each month, though, before I spend anything on coins.

    Dan
    Dan McInnes

    mcinnes@mailclerk.ecok.edu">dmcinnes@mailclerk.ecok.edu
  • CrackoutCrackout Posts: 1,375 ✭✭✭✭✭
    <<Buying is easy, selling's harder!>>



    Selling is harder because I don't have the heart to let the coins go!image Too much of an "emotional" investment.
  • toyonakatarotoyonakataro Posts: 407 ✭✭✭


    << <i>Less than I would like to but more than my wife knows about >>



    image
    My wife knows I spent more than $100 on coins last year, but actually I spent....image
  • airplanenutairplanenut Posts: 22,670 ✭✭✭✭✭
    I spent quite a few hundred bucks... but I sold a lot, too image

    I also dropped a good sum in december to raise that amount image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • puffpuff Posts: 1,475
    Just a little over 60K last year...... 12K so far this year....
  • itsnotjustmeitsnotjustme Posts: 8,786 ✭✭✭
    I spent about what I sold.

    This is fun. I can slab a 2003 quarter, sell it, and buy an AU58 Bust or Seated Half with the proceeds!

    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • BAJJERFANBAJJERFAN Posts: 31,612 ✭✭✭✭✭
    Over 15 K last year, nowhere near that this year unless I sell off some stuff.
    theknowitalltroll;
  • zepzep Posts: 81 ✭✭
    Whatever it takes!
  • nuckleheadnucklehead Posts: 1,500 ✭


    << <i>I spent about what I sold.

    This is fun. I can slab a 2003 quarter, sell it, and buy an AU58 Bust or Seated Half with the proceeds! >>

    image
    Friends are Gods way of apologizing for your relatives.
  • hoardmonsterhoardmonster Posts: 370
    Too much and not enough!
    My eBay auctions
  • hamiltonjhhamiltonjh Posts: 1,140
    i WISH I had HALF AS MUCH to spend as peope like Puff and BAJJERFAN! I'm in the wrong business...what do YOU GUYS DO?? is it legal?? image

    I spent a whopping $350 or so. But I dont have the convenience of a dealer nearby. If I did...it'd be more.
  • Dennis88Dennis88 Posts: 5,797 ✭✭✭
    Around $300 dollars last year. But that will be much more this year, as I have now a job.

    Dennis
    VOC Numismatics
    Like VOC Numismatics on facebook
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    5-7% of annual income
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • JamieBJamieB Posts: 132
    Puff- I have to ask to - what in the world do you do? Do you need an apprentice? I felt pretty spoiled and spent $5000 ish... I am envious.!

    JAMIE B
    Need a Website? E-commerce? Check us out: myurl
  • XpipedreamRXpipedreamR Posts: 8,059 ✭✭
    A few grand. I expect to spend more when I actually get a jobimage
  • spy88spy88 Posts: 764 ✭✭
    About 15K last year---more like 5K this year.

    Things ain't what they used to be!
    Everything starts and everything stops at precisely the right time for precisely the right reason.
  • dollardudedollardude Posts: 1,263
    I spend around $5K last year. I'll probably spend $5K this year.
    Author of MrKelso's official cheat thread words of wisdom on 5/30/04. image
    imageimage
    Check out a Vanguard Roth IRA.
  • jacktheknifejacktheknife Posts: 1,547 ✭


    I've spent over $120,000 in the past 9 months.
  • mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    Probably 7K last year. Probably will be 10-15K this year.
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • nepbrs44nepbrs44 Posts: 600 ✭✭
    Between 5-8k.....depends on whats out there.
    Bill.

    Bust Half & FSB Merc Collector
  • millenniummillennium Posts: 3,305
    I was in at around 6k....more than I normally spend, though...
    My Coin Find Videos
  • 66impalaSS66impalaSS Posts: 131


    << <i>Less than I would like to but more than my wife knows about image >>




    I know what you mean!!! image
  • FatManFatMan Posts: 8,977 ✭
    3/4 of my annual entertainment funds
  • NicNic Posts: 3,438 ✭✭✭✭✭
    10- 300% of income for the last 8 years. K

    My 1866 Philly Mint Set

  • barberloverbarberlover Posts: 2,228 ✭✭


    << <i>I've spent over $120,000 in the past 9 months. >>



    I should have gone to medical school !!!!! Thats why all the best barber registry sets are owned by Dr's.

    Les
    The President claims he didn't lie about taxes for those earning less then $250,000 a year with public mandated health insurance yet his own justice department has said they will use the right of the government to tax when the states appeals go to court.
  • ShamikaShamika Posts: 18,785 ✭✭✭✭
    About $6,000.
    Buyer and seller of vintage coin boards!
  • willywilly Posts: 380 ✭✭✭✭✭
    I am suprised that so many people think spending more than 50,000 a year on coins is alot, even though I don't come close
    to that level there are thousands of collectors that do just think about the FUN show and auctions 30 million in auction alone
    takes some deep pockets to get to those numbers. I would think that there are at least a couple dozen lukers or active people
    on this board alone that spend over 6 figures a year on coins both for enjoyment and investment, but are afraid to post
    that they spend that much. Just look at the coins that are shown here in other threads.

    Part of what I like about this place is that I can be around real collectors both high dollar people and people like me that try
    to put together ciculated sets. I find it real enjoyable to listen to stories from shows and read about people that are movers
    and shakers in the industry.

    Willy
  • NicNic Posts: 3,438 ✭✭✭✭✭
    Willy ... I agree. The cross section and varied interests of members are what make this forum interesting, though tedious! image K

    My 1866 Philly Mint Set

  • BAJJERFANBAJJERFAN Posts: 31,612 ✭✭✭✭✭
    i WISH I had HALF AS MUCH to spend as peope like Puff and BAJJERFAN! I'm in the wrong business...what do YOU GUYS DO?? is it legal??


    I won't be spending that kind of $$$$ this year I can assure you of that. FWIW I am a chemist (no I don't make recreational chemicals).
    theknowitalltroll;
  • farthingfarthing Posts: 3,295 ✭✭✭
    About 3500. Of course it goes farther when you're buying darkside coins and tokens! image
    R.I.P. Wayne, Brad
    Collecting:
    Conder tokens
    19th & 20th Century coins from Great Britain and the Realm
  • JMOOREJMOORE Posts: 1,000


    << <i>This is fun. I can slab a 2003 quarter, sell it, and buy an AU58 Bust or Seated Half with the proceeds! >>



    image
    ANA Member R-213302
  • sborder285sborder285 Posts: 25
    Since june 2003, when i first started collecting, i have probaby spent well into $600 on my coins....which is about 25% of my income...........................................................................................i'm 14 and i work at a bagel shopimage
  • jcpingjcping Posts: 2,649 ✭✭✭

    Depend on the stock market performance, I spent much more in 1998, 1999 and 2003 compared to year 2000-2002. Last year, stock market went up almost 50% and I believe my spending is in 6 digits.
    an SLQ and Ike dollars lover
  • joeyukjoeyuk Posts: 3,282
    about 2k
  • numismatic2004numismatic2004 Posts: 115
    About 50$,Most of my coins were given to me or won in contests.But i'm getting a job this year and will get over 500$ a year,3/4 will go in the bank and 1/4 with go for coins and other stuff.
    Formely known as kamehameha00
  • relayerrelayer Posts: 10,570 ✭

    I'll be spending 8 bazillion dollars - as soon as I get a job.
    image
    My posts viewed image times
    since 8/1/6
  • BustmanBustman Posts: 1,911 ✭
    one......million........dollars....( in my best Dr. Evil voice)!
  • DracoDraco Posts: 512 ✭
    About 3K to 12K. Depends on whats available that I actually like. If my wife ever found out, I'd be in trouble. image
  • marcalan84marcalan84 Posts: 310
    I don't want to go thru and add it all up (scary thought)....but it is somewhere in the $45 to 55k range that I spent in 2003. I sold $20-25k in coins also........so it wasn't all out of pocket. I expect to buy less than 1/2 of that this year....and maybe closer to 1/4.
    Marc
  • StrikerStriker Posts: 191
    I couldn't say how much but its not nearly enough to get all the coins I need and want.
  • fountainheadgoldfountainheadgold Posts: 2,467 ✭
    Much more than I'll admitimage
    Michael

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