Poll: How do you manage your coin budget?

DNADave

If your coin buget was $360/month how would you spend it?

Bochiman

I may be after a $2000 coin or two (which is small potatoes to many on here) but I don't usually "budget" heavy.
I buy proof sets I want. I buy SAEs I want. I buy things to help my son's collection as he grows.
I buy lots of moderns as well (those are cheap).

For older coins, those that hit the $200-$400+ amount per coin, which I only have a few, I probably buy one a month, or less.
So, I kinda figured I was saving up for the bigger coin as well.

I just don't like to go a month without a coin or two, or three so I may spend $50-$60 one month and then keep the other $300 you mention....then, doing that for 5-7 months would mean I would be more comfortable with myself buying the $1500-$2000 coin.

Long-winded and may not fully answer you, but, that is what I do.

Hedger

Sadly, none of those options fit my agenda. My wife controls my monthly coin budget. It was two hundred dollars/month but now since I'm a stay at home dad we agreed to reduce it to fifty bucks a month. I just broke the budget this month with an $86.00 purchase. She was not pleased but after a while she returned to normal.

LincolnCentMan

My coin budget from personal funds are zero. If I dont make it with coins, I dont get to spend it.

David

saintguru

Rule #11

Home equity loans are GREAT for really BIG coins.

ConstellatioCollector

Sell some of your lesser valued coin and purchase the major coins.

MrEureka

None of the above.

Most months pass without me finding something I want for my collection. When the coins become available, I buy what I can. A reduced budget wouldn't change that, but I'd have to be more selective.

mgoodm3

I like to get one or two coins with my monthly budget. Sometimes I'll save up a bit to get something special.

BAJJERFAN

<< <i>Home equity loans are GREAT for really BIG coins. >>



They are indeed sir; they are indeed.

WACoinGuy

It really depends what your collecting interests are. Lately, I've been focused on finishing off my type set with a slightly higher monthly budget. But if my budget were $360 a month, I'd probably lower the quality of coins for my type set (a good set of VF-AU type coins can still be very attractive) so I could continue to buy frequently.

Longacre

I tend to buy some cheap stuff to keep things interesting, and then make a few large purchases during the year.

BillJones

I have always set aside a fixed amount every month. If I find something worthwhile, I buy it. Otherwise the money just sits in the bank until something comes along.

Sometimes I've grown tied of something and decide to sell it. Those items go into my business at their original cost, and that amount is paid to my hobby fund. The business gets everything at the orginal cost. It does not matter if I make or lose money on the item, my collector buget gets back 100%. This poses no hardship for the business because I rarely lose money on anything. Most of the business comes out way ahead.

carl

If I had a budget of that much money for coins I'd switch to buying old cars and fixing them up for driving or use on the ones I have. I have a few older cars now that could use that much in beatifying. Difficult to show off coins but fun to show off cars. Of course I can't have as many cars as coins so..........

Proofquarter

My wife manages my coin budget.