Yearly coin budget

Longacre

So what is your yearly coin budget?

coinguy89

Hmm... Well similar thread going on but, okay im game. Mines about $500. Next time check to make sure there isn't a thread similar to the one you make.

KlectorKid

Not Enough

XpipedreamR

I'll spend as much as I can get my greedy little paws on.

kranky

About twice as much as it probably should be, and about 10% of what I'd like it to be!

orie

I was there about 2 months ago.

dan1ecu

It takes too much discipline to be on a budget. I end up spending pretty much any extra money I have - after paying bills and putting so much away for retirement, of course. It's difficult for me to keep money around without spending it!

Dan

Betta285

$3000

Shamika

Less than $10,000 but more than $1,000

longtimecollector

This was my "biggest" year........ Dropped 60K plus

Louis

Less than $1,000,000 but more than $1.

lordmarcovan

Maybe $3-4K.

aem4162

$200 or so

alergar

About the same as what I give to the IRS.

LincolnCentMan

More than I ever thought I would spend per year... Of coarse, this represents several cycles of buying and selling since my profits actually pay for the coins that I manage to keep.

about 24K

David

Goober

<Wife looking over shoulder?>....$1

<Reality>....$too much

atarian

mind youim only 21 . $ 350 every 2 weeks.

relayer

Less than a bazillion dollars

atarian

at that price per 2 weeks i got nothinggood to show i keep geting taken. thats why im loking for fairhonest sellers

bosox

It's funny. I started collecting as a child and collected actively until I was about 28. When I stopped I was spending about $2K per year and my most expensive coin was about $400. I stopped collecting (kids, mortgage, life) 'cause there wasn't enough dough.

Flash forward twenty years to now. Kids are mostly grown. Income is much, much higher. I dusted off my collection that had been in a box since 1984. On the bad side, I had a few nice pieces that had fugly PVC damage. Who knew? On the good side, after giving PCGS some business, I found I had several pieces worth more than $1,000 and one worth $7,000.

I got the bug again and now have more money (I'm doing okay, but not rich). My budget for 2004 is about $15,000 to $20,000. Just bought one for $5,500. It's a little scary to pay that much, but since I'm a long term holder, I'm not too wooried.

jcping

Depend on how good the stock market is

numonebuyer

$5k per year.

hamiltonjh

I dont have a coin budget. Being overseas, I dont buy many coins. So, if I see one that I really want, I buy it.

I spend less than $500, hell, probably less than $300 year on coins (average) now, but that'll change, maybe, when we get back to the states.

epicrecipe

Varies - I'm just getting started and I have to emphasize "investment" over "hobby" to my wife

hamiltonjh

what is your collection consisiting mostly of EP?

Smitty79

My budget is probably around $500 or so.

hjohn74

I save $100 a pay period, so I'd say I budget $2,600 a year for coins. I might raise it next year. )

majorbigtime

Some years I spend a motherload on coins, others diddly-squat. Many factors will influence this discretionary spending, including my financial state and the state of the market!

wingedliberty

About 5% of my gross yearly income

Coinerww

$100.

Colorfulcoins

I don't have a budget....if I have "extra" money, I spend it. If I don't........

Dennis88

With stuff I'm selling, I think $800 or so. I'm sure this will go up when I'm older....

Dennis

Numismanic

Never enough!

GoYankees

Yesterday, I decided to give this issue some thought. I needed to be alone so I got in my Ferrari, headed down to the marina, took the boat for a spin around the sound, and decided on a conservative budget of 300K. Then my alarm went off and I got off the couch to go to my computer to check and see if I was outbid for the 1947 PCGS MS66RD Lincoln cent that I really wanted. I was.