Do you ever take a step back and wonder if it (makes sense) to spend tens, or hundreds, or thousands

MrBreeze

on a small round piece of metal that won't house you, clothe you, feed you, or provide comfort on a cold night? Not that I would ever stop doing these insane things, but, do any of you (as I have) sometimes think of the relativity of your coin budget to real world items? For example, "I could have filled my car with gas for that Morgan Dollar?"

TheRaven

No in that respect, but after logging in my last few purchases yesterday and seeing a total value it was a pause for a second moment.....

PerryHall

These days I worry far less about my US gold coins and more about my paper assets such as stocks and cash.

flaminio

As long as my family is properly fed, clothed, housed, educated, and entertained; nah, not really.

ziggy29

<< <i>As long as my family is properly fed, clothed, housed, educated, and entertained; nah, not really. >>



That's pretty much my opinion. As long as all the bills are paid, a reasonable amount of desired luxuries and vacations are budgeted into it, and retirement savings goals are being met...I don't feel guilty or dumb for putting the remaining available income into my coins (or most anything else, for that matter, particularly if it's mostly an appreciating asset over time).

Cladiator

Better coins than drugs, hookers or booze.

mgoodm3

yeah, I do it. I will probably limit the overall investment in my collection to a certain amount (not yet determined). I also find that by taking pics of other people's coin, I can get almost the same enjoyment.

aficionado

<< <i>Better coins than drugs, hookers or booze. >>



I don't know. Drugs, hookers and booze. OR a coin??? Decisions Decisions

orie

It's better then other addictions I've had. Someday, I'll get a little something for these widgets.

Conder101

Well, I'm fed, clothed, and housed and I still have money on hand. I can spend it on coins that I enjoy and which I will still have years from now, or I can spend it on things that will give me transitory pleasure and then be gone forever. I think Ill buy coins.

Longacre

I only use excess cash for the coins so it does not concern me too much.

DUIGUY

<< <i>Better coins than drugs, hookers or booze. >>





Drugs , hookers , I can agree with BUT, booze ?? OUCH !!!

ms70

<< <i>Do you ever take a step back and wonder if it (makes sense) to spend tens, or hundreds, or thousands of dollars...on a small round piece of metal that won't house you, clothe you, feed you, or provide comfort on a cold night? >>



Yes I have and it makes no sense. But I'm going to keep doing it anyway!

Cameonut

I only use discretionary income for coin purchases.

I consider it a hobby so as long as I derive enjoyment from it, I will keep doing it. The potential profits one might realize are just an additional benefit.

I would rather spend $25 on a coin than go to a professional sporting event (that can be seen on TV anyway), movie, play, etc. So when I take a step back, I wonder if I miss the other activities. So far the answer has been no.

kiyote

When I was in my early 20s I was making $5.25 an hour bussing tables at a country club. I was also daytrading and had about $50,000 in my eTrade account. I wasn't smart, everyone was making money those days. It disappeared in no time. I wish and WISH I had made a few smart coin purchases then instead. If I had been smart, I'd have a few PR66 Liberty head nickels laying around now instead of an empty etrade account.

dizzyfoxx

Sometimes it's the simple pleasures in life, like coin collecting for example, that puts a smile on your face at the end of a long day. So in my opinion, it makes all the cents (I mean sense) in the world.

1921obsession

No, because even though I buy for enjoyment, I don't buy coins that won't appreciate going forward. I don't see myself as spending money, I see myself as reconfiguring my assets. Unlike some of you, I am_not spending purely discretionary income on my coins.

Tyrock

Life would be dull if we just tended to the necessities.

relayer

The best part is you can always sell it for more to somebody dumber

Bear

Yes! I take a step back and

immediately take two steps foward.

Mercfan

<< <i>For example, "I could have filled my car with gas for that Morgan Dollar?" >>



Like Conder, I look at many of those OTHER purchases the other way 'round: For that tank of gas I could have bought a certified MS-66FB Mercury dime. The gas will be gone in a week; the coin will give me pleasure for years and still be worth something whenever I decide that I no longer wish to own it.

IMHO, the real question is, "Do you ever stop and ask yourself why you're spending so much money on a wide variety of consumables that you don't really need--and that often don't improve your quality of life?" (Depending on your circumstances, you could have instead walked, cycled, or car-pooled and purchased another nice Morgan!)

BECOKA

I have thought often how nice of a car I could get if I sold all of my coins. Then I think in 10 years the car will be worth zip and the coins will either hold their value or vary only slightly. In todays market the coins may even double in value in 10 years.

In the end they are only thoughts and with the recent dip my stocks took I think I like have this distraction, I mean diversification.