How Many Here....

BAJJERFAN

could survive a severe financial crisis or other "unplanned/unforeseen" life situation without having to give even a thought to selling your coins?

LanLord

I'm dealing with a swine flu pandemic fairly well!

19Lyds

Count me Out!

Meltdown

Not me. I'd be selling them off for any serious life threatining or changing event to myself or family.

That's part of why I like this hobby so much. It allows me to enjoy the coins that I love so much while giving me a bit of security that my disposable income is not just "thrown away" money.

Leonidas

If things get really bad, there won't be anyone to sell them to.

KlectorKid

I would be alright in a severe financial crisis, but "unplanned/unforseen life situation" could mean anything. I'd probably have to sell if someone in my family were kidnapped for ransom.

tmcsr69

I might have to sell my family to save my coins.

oldhobo

It all depends on how long the severe financial crisis is. I could a while before touching my coins, but would eventually have to.

OKbustchaser

<< <i>could survive a severe financial crisis or other "unplanned/unforeseen" life situation without having to give even a thought to selling your coins? >>



That's what my savings are for...not my mad money.

Treeman

My collection isn't worth enough to get me out of any trouble :-)

tahoe98

...........are there any socialist coin collectors?

stinkinlincoln

Count me out. When times get tough here, I sell what I can when I can. Just because I sell it, doesnt mean I cant buy it again, if I can. Id rather sell some coins, even if I do love them, than live in a cardboard box with a pocketful of coins...

hammered54

<< <i>...........are there any socialist coin collectors? >>



maybe..... but there not telling...... then they'd have to share....

Mowgli

<< <i>If things get really bad, there won't be anyone to sell them to. >>



True Dat.

SaorAlba

<< <i>I might have to sell my family to save my coins. >>



I have some outside the immediate family I would pay someone to take.

VirtualWon

Does desperately determined to keep regardless lifes woes count?

Treeman

<< <i>

<< <i>I might have to sell my family to save my coins. >>



I have some outside the immediate family I would pay someone to take. >>



I have some IN the immediate family I would pay someone to take!

DBSTrader2

who'd WANT my collection?!

lasvegasteddy

i'm in the "not me" crowd

divorce and child support killed me

dorkkarl

<< <i>could survive a severe financial crisis or other "unplanned/unforeseen" life situation without having to give even a thought to selling your coins? >>

absolutely i could

it is incredibly foolish to have non-expendable funds tied up in coins or any other hobby

K S

WoodenJefferson

If that ever happens, they become "disposable widgets"

BECOKA

<< <i>i'm in the "not me" crowd

divorce and child support killed me >>



At least there is an end in sight.

BECOKA

I'd be ok for a little while but all good things must come to an end if it comes down to survival for the family.

Shamika

Under a "severe financial crisis", I would have to consider selling anything I own. Car, house, golf clubs, the leather jacket I got for Christmas, etc. EVERYTHING must be considered fair game whether I purchased it for investment purposes or for fun.

TwoSides2aCoin

Bajj, if you're buying lunch, I can put off selling for another day.

JRocco

If it were a real severe financial crisis, I would go so far as to sell myself.

That is after I got myself into the right plastic and stuck a football sticker on my forehead....

That would open the door to a bunch of banana heads bidding me up

BAJJERFAN

<< <i>If things get really bad, there won't be anyone to sell them to. >>



Sorry, I was thinking of a personal crisis.

Fairlaneman

"it is incredibly foolish to have non-expendable funds tied up in coins or any other hobby"

What the heck is the difference between non-expendable and expendable funds?

At what point do you seperate the two? At what point are you comfortable that you do have expendable funds? Personally I think this expendable and non-expendable talk is rubbish and just a bunch of expendable talk.

People spend in the manner they want to spend and thats the bottom line period.

Ken

Bochiman

I have a year's worth of salary in short term assets (cash, CD, etc) and I would still look at selling some coins if I needed...I have a wife and a child and they take priority along with my house.
Everything except the house is paid off and I am not looking to buy a new vehicle, though right now would be a great time to do it.

I just bought another (makes 2 total) year of college for my son in the GET program. I was very thankful that I did the GET for him a few years ago instead of the 529 that some folks recommended.

Now, if I had to sell my coins, particularly in a down market like this, it would really suck. I've got some that would still price nicely, and above what I paid, but I have others that I bought because I liked them, but they are somewhat common, and wouldn't price well. They are also not expensive coins but, add them all up, and it is still a nice bit of money.

BAJJERFAN

<< <i>

<< <i>could survive a severe financial crisis or other "unplanned/unforeseen" life situation without having to give even a thought to selling your coins? >>



That's what my savings are for...not my mad money. >>



Then I'd guess that you are more the exception than the rule. Many here say they don't plan to sell, but what kind of personal financial or other life situation could change that. I don't HAVE to sell now, but I could envision circumstances where I might need to.

TwoSides2aCoin

<< <i>

<< <i>If things get really bad, there won't be anyone to sell them to. >>



Sorry, I was thinking of a personal crisis. >>




Don't mean to be so light hearted, but this was funny.

relicsncoins

Not right away, but if it drug on for more than 9 months to a year, the CW relic collection and coins would have to be fair game.

JJ

ressikanflute

I don't have much to sell...

BBQnBLUES

<< <i>If it were a real severe financial crisis, I would go so far as to sell myself. >>



I tried it, didn't turn out so well

coinandcurrency242

<< <i>could survive a severe financial crisis or other "unplanned/unforeseen" life situation without having to give even a thought to selling your coins? >>



I will move to Europe and play poker as a job!!

Coxe

I could but I might consider looming potential taxation changes as a reason to liquidate sooner than later. Gotta pay for a *&@!ed up economy and bail out those whom IMHO should be waterboarded instead somehow.

doh

Not me, my coins are most of my savings.

MidLifeCrisis

Probably...but dude, they're just coins.

fc

<< <i>If it were a real severe financial crisis, I would go so far as to sell myself.
>>




i can recommend a good dealer to handle that selling for you.

BAJJERFAN

<< <i>Not me, my coins are most of my savings. >>




Thats called "coin rich and money poor" I bet there are a lot like that.

JRocco

<< <i>

<< <i>If it were a real severe financial crisis, I would go so far as to sell myself.
>>




i can recommend a good dealer to handle that selling for you.

>>



Ohhh.....

Now that one left a mark fc

Billet7

<< <i>My collection isn't worth enough to get me out of any trouble :-) >>



That VF 1811/10 would give you a fist full of cash.

Elcontador

No problem. Coins are a luxury item for me. If I need money for living, fixing up the house, a vacation, or a pension plan contribution, that's where it goes (not necessarily in that order). If I can cover all of that, then I have discretionary funds for coins. If not, I don't.