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Question RE coin collecting

PTVETTERPTVETTER Posts: 6,028 ✭✭✭✭✭
in U.S. Coin Forum
Is coin collecting a hobby or investment tool for retirement?
Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


Comments

  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    It's a hobby which can pay for itself if done correctly.

    Unlike R/C Planes or Cars or electric trains.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • QuarternutQuarternut Posts: 1,481 ✭✭✭
    You need to add another choice of both...

    QN

    Go to Early United States Coins - to order the New "Early United States Half Dollar Vol. 1 / 1794-1807" book or the 1st new Bust Quarter book!

  • dohdoh Posts: 6,457 ✭✭✭
    Both for me. Certainly not entirely one or the other.

    Positive BST transactions with: too many names to list! 36 at last count.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>It's a hobby which can pay for itself if done correctly.

    Unlike R/C Planes or Cars or electric trains. >>


    I like Lee's answer, but I am still trying to learn to do it correctly. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • JJMJJM Posts: 8,089 ✭✭✭✭✭
    hobby and a fallback hedge, but for the fallback hedge to kick in, the world is crapola anyway,......sooooooooooooo....hobby !!!!
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly, justindan
  • PerryHallPerryHall Posts: 46,881 ✭✭✭✭✭
    Where is "BOTH" as an option. Most collectors consider coin collecting as a hobby but they want their coins to increase in value over the long haul.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    I'm with the both crowd.
    Becky
  • tombrtombr Posts: 863 ✭✭
    Both-----hobby first though.
  • curlycurly Posts: 2,880 ✭


    << <i>I'm with the both crowd. >>




    Me too
    Every man is a self made man.
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭
    I'am in with Both.


    Hoard the keys.
  • thatboyaintrightthatboyaintright Posts: 408
    Just a hobby, and an expensive one at that !!!image
    image
  • pennyanniepennyannie Posts: 3,929 ✭✭✭
    It is a hobby, but i spent my retirement on it.image
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
  • garsmithgarsmith Posts: 5,894 ✭✭
    For me it's a hobby with investment potential.

  • oxy8890oxy8890 Posts: 1,416 ✭


    << <i>It's a hobby which can pay for itself if done correctly.

    Unlike R/C Planes or Cars >>



    I agree with the above amended statementimage
    Best Regards,

    Rob


    "Those guys weren't Fathers they were...Mothers."

    image
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>

    << <i>It's a hobby which can pay for itself if done correctly.

    Unlike R/C Planes or Cars or electric trains. >>


    I like Lee's answer, but I am still trying to learn to do it correctly. image >>



    Me2! image
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • barbershopperbarbershopper Posts: 1,201


    << <i>You need to add another choice of both...

    QN >>



    image

    JET
    It is health that is real wealth, not pieces of gold and silver. Gandhi.

    I collect all 20th century series except gold including those series that ended there.
  • vplitevplite Posts: 1,385 ✭✭✭
    A hobby. You don't buy and "investment" retail and sell it wholesale.
    The Golden Rule: Those with the gold make the rules.
  • sumduncesumdunce Posts: 1,247 ✭✭✭✭
    Hobby.

    I would have to be willing to sell my coins on a regular basis for it to qualify as an investment.



    Sumdunce
  • 500Bay500Bay Posts: 1,109 ✭✭✭
    I tell myself it is an investment to justify the costs image
    Finem Respice
  • CladiatorCladiator Posts: 18,256 ✭✭✭✭✭


    << <i>Is coin collecting a hobby or investment tool for retirement? >>

    For me it's a hobby. If, when all is said and done (I'm 6' under), my family ends up getting some nice cashola for my coins then all the better. If they don't, no worries, they shouldn't be relying on my coins for income anyways image
  • krankykranky Posts: 8,709 ✭✭✭
    If my little pile of coins ever turns out to be worth something, then I can say it was an investment.
    If it's in the neighborhood of breakeven, it was a hobby.
    If I lose a bundle, well, it will still be pretty cheap on a cost-per-hour-of-enjoyment basis.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

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