When I start to lose interest, I shift my focus to a different area of coins. To me, what makes this hobby so entertaining is the so many different areas you can go into.
Positive transactions with Cladiator, Meltdown, ajbauman, LeeG, route66,DennisH,Hmann,FilamCoins,mgoodm3,terburn88,MrOrganic, weg,dcarr,guitarwes,Zubie,Barndog,wondercoin,braddick,etc...
I switched to mostly books for quite a while, they're generally cheaper and rarer. Until you reach the point where you need to buy a new house to keep them in...sheesh. People complain about SDB fees. I've had to sell out twice in my life to support business ventures and was sick both times. I don't think I'll ever get back to my original collections, prices have just gone up too much.
Yes, mostly because of the concern over high-quality fake coins and slabs which I fear could render my collection close to worthless if it leads to a loss of interest in collecting.
Yes, this is primarily why I bought a shop. I wanted to "dump it all". However, quite the opposite happened. I ended up further entrenched in more "stuff" I cannot keep up with. Attaining knowledge is fun, but a mentor would have been easier.
<< <i>I have thought of selling, but not walking away. I often wonder what the hobby would feel like without owning any coins------------------------BigE >>
i did exactly that. sold all my gold coins and used the money elsewhere. i kept a lowball coin, horded wheat pennies, misc silver coins (bullion), and other things that did not require security to keep.
but i stayed in the hobby. in the sense of reading these forums, checking out ebay/heritage/stacks/etc... when i am in the mood but i am not buying anything.
it was just getting too expensive. buy a coin, look at it for a few weeks, and then toss it into the safety deposit box to sit. not exactly fun after a while. everything i wanted just kept going up in cost and i decided i wanted out because i knew i did not have whale money and the coin money was better spent somewhere else. Plus this hobby seemed to revolve around getting a "fix" every once in a while... "fix" meaning buying a coin or it got "boring".
i get all the action (except owning physical coins) but feel no need to "buy stuff". plus there is no stress. now it feels like a real hobby. >>
This is a really interesting perspective. Thank you for sharing it. You've given me something to think about. >>
I agree. fc has posted about this perspective before and it has helped me develop my goals for this hobby although I am probably not near as disiplined. Tameing that need to buy stuff is very freeing.
Sure - sold my IHC/FE/pattern collection a few years back because I quit having fun with it.
Now having fun again with territorials and a few early american coins.
If you're a collector, that itch just HAS to be scratched.
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
<< <i> If you're a collector, that itch just HAS to be scratched. >>
This is a very wise statement. 99% of us are here not by accident but because our personality drives us to collect. If you try to quit, you'll likely be back. --Jerry
<< <i>I have thought of selling, but not walking away. I often wonder what the hobby would feel like without owning any coins------------------------BigE >>
i did exactly that. sold all my gold coins and used the money elsewhere. i kept a lowball coin, horded wheat pennies, misc silver coins (bullion), and other things that did not require security to keep.
but i stayed in the hobby. in the sense of reading these forums, checking out ebay/heritage/stacks/etc... when i am in the mood but i am not buying anything.
it was just getting too expensive. buy a coin, look at it for a few weeks, and then toss it into the safety deposit box to sit. not exactly fun after a while. everything i wanted just kept going up in cost and i decided i wanted out because i knew i did not have whale money and the coin money was better spent somewhere else. Plus this hobby seemed to revolve around getting a "fix" every once in a while... "fix" meaning buying a coin or it got "boring".
i get all the action (except owning physical coins) but feel no need to "buy stuff". plus there is no stress. now it feels like a real hobby. >>
This is a really interesting perspective. Thank you for sharing it. You've given me something to think about. >>
I have thought a few of these ideas too; just haven't mustered up the will, courage or need to take the plunge.
With the higher Ebay prices and the new goverment 1099 reporting requirements turning the hobby into some sort of accounting nightmare, I think about walking away every day.
Buying a coin, then reselling it used to be fairly uncomplicated. Not anymore. Now when I contemplate buying a coin, the first thought that comes to mind is; "how the **** am I going to sell this later down the road?"
<< <i>Yes I have. It's on my mind a lot right now since I just turned 62. I have no one to leave it to and have no one that is interested in my collection so why go to the "Great Bourse in the Sky" and just leave it up for grabs. I have put a lot of time, love, and money into the collection in the last 15 years and would hate to know it fell into the hands of someone that knows nothing about coins.
Ron >>
You could leave it to me, I'm interested! >>
BaseBall Abs,
You know I actually have thought about leaving them to a friends daughter. I gave her a mint set and proof set with the first year Presidential coins for Christmas several years ago. I might as well have given her a box of dog biscuits. I have loved coins all my life and to find no one I know cares makes it rough to accept.
Ron
Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.
<< <i>Yes I have. It's on my mind a lot right now since I just turned 62. I have no one to leave it to and have no one that is interested in my collection so why go to the "Great Bourse in the Sky" and just leave it up for grabs. I have put a lot of time, love, and money into the collection in the last 15 years and would hate to know it fell into the hands of someone that knows nothing about coins.
Ron >>
This is exactly why I am selling now. Walk completely away. Probably not. I can't stop buying stuff.
Ken >>
FairlaneMan,
I have cut way back on my spending. I loved the classic Commems but have quit buying them for just the reason mentioned. Like someone said I have to scratch the itch. I am buying odds and ends and finishing up some old sets from when I was younger.
Ron
Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.
One good thing about a collection is if you bought well and tire of it, that you can at least realize a nice piece 'o cash for other purposes. I'm not quite as disciplined a saver as I'd like to be, but if I had not purchased the coins over the years that I have now, most of the money would have been pissed away on things which would likely have no permanent value.
Actually just last night. Having mostly circulated stuff the price of the bullion is outstripping what I originally paid for a lot of it....so possibly I could sell the bulk of the collection for a profit and buy the bulk back later when prices fall....
<< <i>One good thing about a collection is if you bought well and tire of it, that you can at least realize a nice piece 'o cash for other purposes. I'm not quite as disciplined a saver as I'd like to be, but if I had not purchased the coins over the years that I have now, most of the money would have been pissed away on things which would likely have no permanent value. >>
Bajj, I'll share a little story with you regarding your post (which is excellent, by the way).
A lot of people that come in to sell, often times decide at the end of the deal that they want to "keep something" of sentimental value. When I suggest the higher dollar stuff, they almost always say "nah, I'll just keep this (and it will be clad statehood quarters, or some stupid foreign coin from the 70's , or oddball trinkets shaped like coins). People "rarely" want the stuff that's valueable. They want the "money" for spending, but keep a trinket for the memory.
Economics 101 tends to clash with what their late loved ones tried to already teach them.
You know I actually have thought about leaving them to a friends daughter. I gave her a mint set and proof set with the first year Presidential coins for Christmas several years ago. I might as well have given her a box of dog biscuits. I have loved coins all my life and to find no one I know cares makes it rough to accept.
Ron >>
I don't know if you have kids, but I tried to get my oldest interested and she told me flat out that it doesn't interest here. It also doesn't interest my wife. Same with my mad magazine interest/collection. When I kick the bucket they're not going to have a clue as to what to do with any of it and probably get ripped off on the sale. It's depressing. I do have a pre school aged daughter that could end up interested, so fingers crossed, eh?
<< <i>Yes I have. It's on my mind a lot right now since I just turned 62. I have no one to leave it to and have no one that is interested in my collection so why go to the "Great Bourse in the Sky" and just leave it up for grabs. I have put a lot of time, love, and money into the collection in the last 15 years and would hate to know it fell into the hands of someone that knows nothing about coins.
Yes, I've been on the fence alot in the last few months, teetering in both directions. Won't do anything until I'm 100% sure of which way to jump. I do know if I sell my largest set, I'll still be hanging on to the gold and silver and probably continue to add to it. I don't think after 40+ years that I could ever just walk completely away.
Have bought and sold on BST, many references available when asked.
<< <i> I don't know if you have kids, but I tried to get my oldest interested and she told me flat out that it doesn't interest here. It also doesn't interest my wife. Same with my mad magazine interest/collection. When I kick the bucket they're not going to have a clue as to what to do with any of it and probably get ripped off on the sale. It's depressing. I do have a pre school aged daughter that could end up interested, so fingers crossed, eh? >>
Neither of my kids had any interest either. I have 4 grands now from 1 to 6, and the 6 y/o asked me for a coin album for Christmas. My heart did a leap, I'm so happy to give him his first Lincoln folder and watch him go through jars of "pennies" to fill it! If I ever sell, there will be a few special pieces put back for any of them with an interest. I bought them each a roll of silver eagles for their birth year and a few 1/10 oz. gold eagles have been saved for them too. But let's hope for some numismatic interest! If not your kids, wait for grandkids - they actually care what their grandparents like.
Have bought and sold on BST, many references available when asked.
You know I actually have thought about leaving them to a friends daughter. I gave her a mint set and proof set with the first year Presidential coins for Christmas several years ago. I might as well have given her a box of dog biscuits. I have loved coins all my life and to find no one I know cares makes it rough to accept.
Ron >>
I don't know if you have kids, but I tried to get my oldest interested and she told me flat out that it doesn't interest here. It also doesn't interest my wife. Same with my mad magazine interest/collection. When I kick the bucket they're not going to have a clue as to what to do with any of it and probably get ripped off on the sale. It's depressing. I do have a pre school aged daughter that could end up interested, so fingers crossed, eh? >>
Mingot,
In going through boxes of stuff from my younger years I have ran across a lot of my old Mad Magazines. I think I bought my last when they went up to "50¢ Cheap." Most of them are 25¢ and 35¢. Plus several of the large specials with inserts still intact such as then copy with the poster of my avatar and the one with the glue backed stamps. To my surprise the stamps were not stuck together. Always loved Don Martin. "Gad, it's Joe Fonebone, I think he's been run over by a steam roller."
Good luck with the younger daughter.
Ron
Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.
<< <i> In going through boxes of stuff from my younger years I have ran across a lot of my old Mad Magazines. I think I bought my last when the went up to "50¢ Cheap." Most of them are 25¢ and 35¢. Plus several of the large specials with inserts still intact such as the posters of my avatar and the glue backed stamps. To my surprise the stamps were not stuck together.
Good luck with the younger daughter. >>
I am holding the first one I ever purchased. #241 '83. $1.00 CHEAP. It's in terrible condition, but lived through my ebay sales. I actually did get rid of most of my mads except for 1-23 (I sold the dupes, some recently)
About six years ago I picked up the first 23 issues (over the course of about three years). They were not cheap
Pretty cool that you kept the goodies in the super specials.
To try to stay somewhat on topic -- I did walk away from the comic book hobby. I kept the best of the best and sold / gave away the rest. I collected coins before I collected comics. Have quit that, too, but here I am back again. I suspect I have not bought my last comic book either. Collectors gonna collect, ya know?
Been there, done that. Do miss it enough that I come visit every once in a while, see who is still around, "Hi all" Hello TomB. Thank you....
AKA kokimoki the right of the people to keep and bear arms shall not be infringed Join the NRA and protect YOUR right to keep and bear arms To protest against all hunting of game is a sign of softness of head, not soundness of heart. Theodore Roosevelt [L]http://www.ourfallensoldier.com/ThompsonMichaelE_MemorialPage.html[L]
<< <i>Yes I have. It's on my mind a lot right now since I just turned 62. I have no one to leave it to and have no one that is interested in my collection so why go to the "Great Bourse in the Sky" and just leave it up for grabs. I have put a lot of time, love, and money into the collection in the last 15 years and would hate to know it fell into the hands of someone that knows nothing about coins.
Ron >>
No Worries, as it will not stay in their hands long. Better that you see to the house cleaning.
MLAeBayNumismatics: "The greatest hobby in the world!"
One of the things I like about this hobby is that I can just put it out of my mind for months at a time, then come back to it and enjoy. If I don't overdo it, I won't stop enjoying it. Unlike bonzai plants or dogs, which need attention every day!
Salute the automobile: The greatest anti-pollution device in human history! (Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
Comments
When I start to lose interest, I shift my focus to a different area of coins.
To me, what makes this hobby so entertaining is the so many different areas you can go into.
``https://ebay.us/m/KxolR5
<< <i>
<< <i>
<< <i>I have thought of selling, but not walking away. I often wonder what the hobby would feel like without owning any coins------------------------BigE >>
i did exactly that. sold all my gold coins and used the money elsewhere. i kept
a lowball coin, horded wheat pennies, misc silver coins (bullion), and other things
that did not require security to keep.
but i stayed in the hobby. in the sense of reading these forums, checking out
ebay/heritage/stacks/etc... when i am in the mood but i am not buying anything.
it was just getting too expensive. buy a coin, look at it for a few weeks, and then
toss it into the safety deposit box to sit. not exactly fun after a while. everything
i wanted just kept going up in cost and i decided i wanted out because i knew
i did not have whale money and the coin money was better spent somewhere else.
Plus this hobby seemed to revolve around getting a "fix" every once in a
while... "fix" meaning buying a coin or it got "boring".
i get all the action (except owning physical coins) but feel no need to "buy stuff".
plus there is no stress. now it feels like a real hobby. >>
This is a really interesting perspective. Thank you for sharing it. You've given me something to think about. >>
I agree. fc has posted about this perspective before and it has helped me develop my goals for this hobby although I am probably not near as disiplined.
Tameing that need to buy stuff is very freeing.
Now having fun again with territorials and a few early american coins.
If you're a collector, that itch just HAS to be scratched.
Think about it? No. But I've done it several times over the past 50 years. Buuuut....
Just when I thought I was out...they pull me back in.
my early American coins & currency: -- http://yankeedoodlecoins.com/
<< <i> If you're a collector, that itch just HAS to be scratched.
This is a very wise statement. 99% of us are here not by accident but because our personality drives us to collect. If you try to quit, you'll likely be back. --Jerry
<< <i>
<< <i>
<< <i>I have thought of selling, but not walking away. I often wonder what the hobby would feel like without owning any coins------------------------BigE >>
i did exactly that. sold all my gold coins and used the money elsewhere. i kept
a lowball coin, horded wheat pennies, misc silver coins (bullion), and other things
that did not require security to keep.
but i stayed in the hobby. in the sense of reading these forums, checking out
ebay/heritage/stacks/etc... when i am in the mood but i am not buying anything.
it was just getting too expensive. buy a coin, look at it for a few weeks, and then
toss it into the safety deposit box to sit. not exactly fun after a while. everything
i wanted just kept going up in cost and i decided i wanted out because i knew
i did not have whale money and the coin money was better spent somewhere else.
Plus this hobby seemed to revolve around getting a "fix" every once in a
while... "fix" meaning buying a coin or it got "boring".
i get all the action (except owning physical coins) but feel no need to "buy stuff".
plus there is no stress. now it feels like a real hobby. >>
This is a really interesting perspective. Thank you for sharing it. You've given me something to think about. >>
I have thought a few of these ideas too; just haven't mustered up the will, courage or need to take the plunge.
Being an active hobbyist with funds to deploy is not a constant.
Got a coin coming in the mail.
Buying a coin, then reselling it used to be fairly uncomplicated. Not anymore. Now when I contemplate buying a coin, the first thought that comes to mind is; "how the **** am I going to sell this later down the road?"
Tyler
<< <i>Is that why they call you midlife crisis? >>
Ha! I just asked the question to see what kind of responses I'd get.
<< <i>
<< <i>Yes I have. It's on my mind a lot right now since I just turned 62. I have no one to leave it to and have no one that is interested in my collection so why go to the "Great Bourse in the Sky" and just leave it up for grabs. I have put a lot of time, love, and money into the collection in the last 15 years and would hate to know it fell into the hands of someone that knows nothing about coins.
Ron >>
You could leave it to me, I'm interested!
BaseBall Abs,
You know I actually have thought about leaving them to a friends daughter. I gave her a mint set and proof set with the first year Presidential coins for Christmas several years ago. I might as well have given her a box of dog biscuits. I have loved coins all my life and to find no one I know cares makes it rough to accept.
Ron
<< <i>
<< <i>Yes I have. It's on my mind a lot right now since I just turned 62. I have no one to leave it to and have no one that is interested in my collection so why go to the "Great Bourse in the Sky" and just leave it up for grabs. I have put a lot of time, love, and money into the collection in the last 15 years and would hate to know it fell into the hands of someone that knows nothing about coins.
Ron >>
This is exactly why I am selling now. Walk completely away. Probably not. I can't stop buying stuff.
Ken >>
FairlaneMan,
I have cut way back on my spending. I loved the classic Commems but have quit buying them for just the reason mentioned. Like someone said I have to scratch the itch. I am buying odds and ends and finishing up some old sets from when I was younger.
Ron
come back latter and enjoy them all over again
100% Positive BST transactions
BST successful dealings with:MsMorrisine, goldman86
K
<< <i>One good thing about a collection is if you bought well and tire of it, that you can at least realize a nice piece 'o cash for other purposes. I'm not quite as disciplined a saver as I'd like to be, but if I had not purchased the coins over the years that I have now, most of the money would have been pissed away on things which would likely have no permanent value. >>
Bajj, I'll share a little story with you regarding your post (which is excellent, by the way).
A lot of people that come in to sell, often times decide at the end of the deal that they want to "keep something" of sentimental value. When I suggest the higher dollar stuff, they almost always say "nah, I'll just keep this (and it will be clad statehood quarters, or some stupid foreign coin from the 70's , or oddball trinkets shaped like coins). People "rarely" want the stuff that's valueable. They want the "money" for spending, but keep a trinket for the memory.
Economics 101 tends to clash with what their late loved ones tried to already teach them.
``https://ebay.us/m/KxolR5
<< <i>
BaseBall Abs,
You know I actually have thought about leaving them to a friends daughter. I gave her a mint set and proof set with the first year Presidential coins for Christmas several years ago. I might as well have given her a box of dog biscuits. I have loved coins all my life and to find no one I know cares makes it rough to accept.
Ron >>
I don't know if you have kids, but I tried to get my oldest interested and she told me flat out that it doesn't interest here. It also doesn't interest my wife. Same with my mad magazine interest/collection. When I kick the bucket they're not going to have a clue as to what to do with any of it and probably get ripped off on the sale. It's depressing. I do have a pre school aged daughter that could end up interested, so fingers crossed, eh?
<< <i>Yes I have. It's on my mind a lot right now since I just turned 62. I have no one to leave it to and have no one that is interested in my collection so why go to the "Great Bourse in the Sky" and just leave it up for grabs. I have put a lot of time, love, and money into the collection in the last 15 years and would hate to know it fell into the hands of someone that knows nothing about coins.
Ron >>
Ron I've always liked you.
<< <i>
I don't know if you have kids, but I tried to get my oldest interested and she told me flat out that it doesn't interest here. It also doesn't interest my wife. Same with my mad magazine interest/collection. When I kick the bucket they're not going to have a clue as to what to do with any of it and probably get ripped off on the sale. It's depressing. I do have a pre school aged daughter that could end up interested, so fingers crossed, eh? >>
Neither of my kids had any interest either. I have 4 grands now from 1 to 6, and the 6 y/o asked me for a coin album for Christmas. My heart did a leap, I'm so happy to give him his first Lincoln folder and watch him go through jars of "pennies" to fill it! If I ever sell, there will be a few special pieces put back for any of them with an interest. I bought them each a roll of silver eagles for their birth year and a few 1/10 oz. gold eagles have been saved for them too. But let's hope for some numismatic interest! If not your kids, wait for grandkids - they actually care what their grandparents like.
<< <i>
<< <i>
BaseBall Abs,
You know I actually have thought about leaving them to a friends daughter. I gave her a mint set and proof set with the first year Presidential coins for Christmas several years ago. I might as well have given her a box of dog biscuits. I have loved coins all my life and to find no one I know cares makes it rough to accept.
Ron >>
I don't know if you have kids, but I tried to get my oldest interested and she told me flat out that it doesn't interest here. It also doesn't interest my wife. Same with my mad magazine interest/collection. When I kick the bucket they're not going to have a clue as to what to do with any of it and probably get ripped off on the sale. It's depressing. I do have a pre school aged daughter that could end up interested, so fingers crossed, eh? >>
Mingot,
In going through boxes of stuff from my younger years I have ran across a lot of my old Mad Magazines. I think I bought my last when they went up to "50¢ Cheap." Most of them are 25¢ and 35¢. Plus several of the large specials with inserts still intact such as then copy with the poster of my avatar and the one with the glue backed stamps. To my surprise the stamps were not stuck together. Always loved Don Martin. "Gad, it's Joe Fonebone, I think he's been run over by a steam roller."
Good luck with the younger daughter.
Ron
<< <i>
In going through boxes of stuff from my younger years I have ran across a lot of my old Mad Magazines. I think I bought my last when the went up to "50¢ Cheap." Most of them are 25¢ and 35¢. Plus several of the large specials with inserts still intact such as the posters of my avatar and the glue backed stamps. To my surprise the stamps were not stuck together.
Good luck with the younger daughter.
>>
I am holding the first one I ever purchased. #241 '83. $1.00 CHEAP. It's in terrible condition, but lived through my ebay sales. I actually did get rid of most of my mads except for 1-23 (I sold the dupes, some recently)
About six years ago I picked up the first 23 issues (over the course of about three years). They were not cheap
Pretty cool that you kept the goodies in the super specials.
To try to stay somewhat on topic -- I did walk away from the comic book hobby. I kept the best of the best and sold / gave away the rest. I collected coins before I collected comics. Have quit that, too, but here I am back again. I suspect I have not bought my last comic book either. Collectors gonna collect, ya know?
the right of the people to keep and bear arms shall not be infringed
Join the NRA and protect YOUR right to keep and bear arms
To protest against all hunting of game is a sign of softness of head, not soundness of heart. Theodore Roosevelt
[L]http://www.ourfallensoldier.com/ThompsonMichaelE_MemorialPage.html[L]
<< <i>Yes I have. It's on my mind a lot right now since I just turned 62. I have no one to leave it to and have no one that is interested in my collection so why go to the "Great Bourse in the Sky" and just leave it up for grabs. I have put a lot of time, love, and money into the collection in the last 15 years and would hate to know it fell into the hands of someone that knows nothing about coins.
Ron >>
No Worries, as it will not stay in their hands long. Better that you see to the house cleaning.
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
INYNWHWeTrust-TexasNationals,ajaan,blu62vette
coinJP, Outhaul ,illini420,MICHAELDIXON, Fade to Black,epcjimi1,19Lyds,SNMAN,JerseyJoe, bigjpst, DMWJR , lordmarcovan, Weiss,Mfriday4962,UtahCoin,Downtown1974,pitboss,RichieURich,Bullsitter,JDsCoins,toyz4geo,jshaulis, mustanggt, SNMAN, MWallace, ms71, lordmarcovan
I find the coin hobby/biz more and more interesting and intriguing as time rolls by.
https://www.smallcopperguy.com