How many Board Members have spent their annual budgets?

GOLDSAINT

Well ladies, and gentlemen, I for one am going to have to put tight reigns on my coin purchases for the rest of the year. Having added several coins to my type set this year and submitted 51 coins to PCGS for grading, and still waiting, my credit cards are full. I for one will have to go on a self imposed starvation diet for the rest of the year, and pay down debt. It also appears to me that the economy is resisting any type of strong recovery as most investment, and job, markets seem to be getting very soft again.

How many other board members here feel like they have already spent their 2004 coin budgets?

BAJJERFAN

I hear that. Chit I blew mine on one coin!! But I would NEVER max out my plastic [aka credit card] unless I knew I could pay it off in a short amount of time.

fivecents

Coin budget? Whats a coin budget?

nwcs

I didn't budget, but I resolved to spend more wisely and less than last year. So far, I've been wiser (but not totally wise) in my purchases and I have spent less. So overall I'm happy.

UncleJoe

I used to have a budget but not anymore. In fact I am impatiently waiting for the next show.

My mode of operation at a show has been to buy 25% of the coins for my collection and the other 75% to sell on eBay. Fortunately I have been consistently able to sell the 75% on eBay for more than I spent at the show. So after each cycle I have more cash for more coins.

Now before all misunderstand, I am making about $1./hour but I enjoy what I am doing and what other hobby (I can't paint) funds itself?

Joe.

ladyship

"But I would NEVER max out my plastic,"

Wow, the use of this plastic is way to easy. I am done for the year, unless I can steal something!

Neptune

I wasn't supposed to buy any coins this year .... but have bought more than any other year except 99. More today - who's getting silver mint sets at high noon? How many?

ScarsdaleCoin

budget...we dont need no stinkin budget...

rhedden

I did massive damage to my annual coin budget by purchasing a collection of 225 Seated half dimes earlier this summer. Do I feel bad about this? Not really.

BAJJERFAN

5 silver proof sets here!! will order tonite.

LanLord

In 03, I had already blown through the 04 budget.

Now I'm just playin it by ear.

GOLDSAINT

"budget...we dont need no stinkin budget..."

Jon, that would be great!


"My mode of operation at a show has been to buy 25% of the coins for my collection and the other 75% to sell on eBay."

Joe, this is the right way to collect, build a great collection for FREE!

Longacre

I have the opposite problem-- I can't justify paying today's high prices. I promised myself to hold off for a little while until the market cools a bit. Unfortunately, I am missing out on some great coins, however, I know when the market turns a bit I will be able to buy even more overall.

OKbustchaser

This year's budget??? I'm a third of the way throught 2006's budget!

GOLDSAINT

“In 03, I had already blown through the 04 budget.”
“This year's budget??? I'm a third of the way throught 2006's budget!”

Lanlord and Okb,

Ya I have probably done that to, I just don’t want to face reality !


“I can't justify paying today's high prices. I promised myself to hold off for a little while until the market cools a bit.”

Is Longacre the smart one here ?

ziggy29

I pretty much blew mine in a 72-hour period a few weeks ago when I purchased both an XF 1877 cent and an AU 1914-D. No remorse, though; I've looked at empty holes in my collection for over 30 years, and they're empty no more. Plus I got another 2,700 frequent flier miles in the process.

GOLDSAINT

“ I did massive damage to my annual coin budget by purchasing a collection of 225 Seated half dimes earlier this summer. Do I feel bad about this? Not really.”

“I pretty much blew mine in a 72-hour period a few weeks ago when I purchased both an XF 1877 cent and an AU 1914-D.”

WOW these are great! Do you think we can have some pictures of the budget busters here?

coinguy89

I have only got about a quarter of my spending done this year. I usually spend about $500 a year on coins, sadly thats all I can afford, but every year, I seem to get alittle more. Every year I get alittle smarter too, and buy better stuff. For the rest of this year i'll probably have about $400 to spend left. Im also gonna sell my Morgans, so thats about $500 right there(there were $700, but resell for them isn't too good). So im still in my budget, I don't seem to go over, and now its even better with having a collecting plan.

ziggy29

<< <i>WOW these are great! Do you think we can have some pictures of the budget busters here? >>

The 1877 I bought is my avatar; I don't have a blow-up of it handy at the moment. Here's the 1914-D (PCGS AU-50):

>>

RYK

This year's budget??? I'm a third of the way throught 2006's budget!

Me, too, and I am working on finishing off the 2007 budget by the end of the month. But I look at it this way: from 1996 through 2001, I spent almost no money on coins, so I am just filling in what I would have spent during those years. Wish I could have bought the same coins, then.

GOLDSAINT

Thanks Ziggy,
Very nice coins and a great Lincoln !


“have only got about a quarter of my spending done this year.”

Well now Scott, that hardly seems fair to the rest of us. Someone needs to find this man some coins!

poorguy

My coin budget for this year is in the negatives (-). I am selling coins I bought with previous year's budgets.

keets

hey now, let's not get to talking about budgets!!!!

i employed the same tactic as the poorguy, sold a whole boatload of stagnant and lost-it's-interest-to-me material recently which i had planned to use on our new home and to finance the ANA Show. then my truck had other plans and gobbled much of it up. oh well, such is life, at least i was able to get a very healthy return percentage wise and in some of the stuff a profit back.

i look at things this way-----if i spend wisely and focus on areas where i'm reasonably proficient and knowledgeable, i'll be OK no matter what i spend. by cherrypicking, i'm also able to cover my "mistakes" and come out ahead in the long run.

al h.

KlectorKid

Soon. I havent bought a coin over $100 in about 1&1/2 year. So I've been saving. I see gold in my future.

OKbustchaser

<< <i>This year's budget??? I'm a third of the way throught 2006's budget!

Me, too, and I am working on finishing off the 2007 budget by the end of the month. But I look at it this way: from 1996 through 2001, I spent almost no money on coins, so I am just filling in what I would have spent during those years. Wish I could have bought the same coins, then. >>



Hey, great excuse...Wonder if it will work with my wife

kranky

If you've already spent your annual budget, just redefine the start of the fiscal year. You now have more money left in this year's budget, while your overrun gets shifted into a previous year, and gee, there's really nothing you can do about that. Solved!

UncleJoe

If you've already spent your annual budget, just redefine the start of the fiscal year. You now have more money left in this year's budget, while your overrun gets shifted into a previous year, and gee, there's really nothing you can do about that. Solved!

Only Gov't's are allowed to do that. As a private citizen it will land you in jail!

Joe.

kranky

Somehow I don't think Quicken is going to turn me in.

badger

Budget?? I've already spent the inheritance of the children that I don't have.

granddad

I see CA on the horizon, with 12 steps leading to the obverse door.

Have a Great Day!
Louis

Theop

<< <i>But I would NEVER max out my plastic unless I knew I could pay it off in a short amount of time. >>



When I read this the first thing I thought of was maxing out the grades on your coin submissions. I guess I have been assimilated.