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Is "coin money" different to you?

TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
in U.S. Coin Forum
The hourglass just kept spinning and this thread didn't post first round

So by popular demand I'll try again.

The point was all money is equal and we all have things that we need to buy. I'm pretty cheap and will put in a lot of effort to save $50 on something I need to buy.

But when buying coins, I can spend an extra $1000 or so for a couple point upgrade without batting an eye.

It's like the old joke where a guy is standing outside a casino and asks a man if he could give him some money for his wife's operation.
The man asks "If I give you money, how do I know you won't go gamble it away in the casino?"
The beggar replies, "Oh I've got gambling money."

So do you think of money you use to buy coins differently than money you spend for things that you need?

Comments

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    I know I do.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Yeah "COIN" money is harder. image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • PurfrockPurfrock Posts: 545 ✭✭✭
    Absolutely. I'm frugal in most everything so I can splurge when buying coins.
    EAC, ANA Member
  • WalkerfanWalkerfan Posts: 9,377 ✭✭✭✭✭
    Yes--I am penny wise and pound foolish, at times. image

    I'll drink cheap beer, use coupons at restaurants and do almost anything to save a few bucks but then I am not afraid to up my max bid by 500 or 1000 bucks on a coin that I really want!! image Go Figure....

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • BaleyBaley Posts: 22,661 ✭✭✭✭✭
    Since I do not seem to understand the question, and although I get the joke, I do not identify, the answer must be "no"

    Money is money to me regardless of what it is "for"

    Liberty: Parent of Science & Industry

  • lostincoinslostincoins Posts: 4,278 ✭
    Money is money. What my problem is ,is getting enough money to get the money I actually want. I do my best to be very frugal when buying the necessities so that more money is available for money. Today though I blew that plan all to hell. Dinner at the corner Chinese restaurant was about $100.00 but that is all good as they make the best Mongolian Beef I have had anywhere in Wisconsin and they are just a hole in the wall place. I like going there because you can see them cooking and the big a** flame fired woks are crazy and they work so darn fast. I need more money for money that is a fact.
  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭
    I do tend to keep bill money and hobby money separate. My coin hobby/business and buying and selling watches tend to make money, so there is a constant uptrend in that account. My bill money stays level any surplus goes to making my wife smile.
  • blu62vetteblu62vette Posts: 11,925 ✭✭✭✭✭
    I keep coin money separate from other funds.

    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • ARCOARCO Posts: 4,396 ✭✭✭✭✭
    Money spent on coins, comes back to me, no matter how frivilous it may appear to my wife or other non-collectors. Money spent on high priced restaurants, fashion designer duds or chinese made plastic pumpkins is wasted and gone. Coins may not be a very good investment, but it is like money in an illiquid bank to me.

    Coin money is not equal, mostly because with coins, money is only changing form.

    Tyler
  • BAJJERFANBAJJERFAN Posts: 31,096 ✭✭✭✭✭
    I think one can become somewhat insensitive when it comes to spending on hobbies. Been there done that. I think we take some comfort in knowing that we can usually get most or all of our money back.
    theknowitalltroll;
  • dibdib Posts: 311 ✭
    Nope, money is money to me.
  • UncleJoeUncleJoe Posts: 2,538 ✭✭✭
    "Coin money" is not part of my household budget.

    I also don't need any type of return from my collection. I could sell my entire collection at face value (if I could get that! image ) and the only thing that would be impacted would be my ability to buy more coins with the proceeds.

    Joe.

    PS. I have health insurance for my wife and I can cover the out of pocket expenses from our health funds in our household budget if she should need an operation. No need to do anything drastic like sell all my coins or panhandle at the FUN show!
  • BigMooseBigMoose Posts: 1,469 ✭✭✭
    No. I learned a long time ago that life can be very short as I have seen this time and time again in my line of work. Consequently, I tend to live and spend as fully as I can. When I am flush, so to speak, I buy coins, dine at my favorite restaurants, spend on antique furniture and jewelry for my wife, etc. When I am not so flush, I spend less.
    TomT-1794

    Check out some of my 1794 Large Cents on www.coingallery.org
  • LakesammmanLakesammman Posts: 17,398 ✭✭✭✭✭
    “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!” H.S. Thompson

    I'm with BigMoose - I have no plans on making it to the nursing home/diaper stage of life. image
    "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.
  • 410a410a Posts: 1,325 ✭
    Yes, as I live in a world where my wife is a different person than my sister and knowing that my sister could care less what I do with my money. I will have to say that 'coin money' can be quite different around here. When dealing with significant others especially, I find that they make me rationalize every little couple of grand I spend......jeez. And another thing women should not have access to mechancal things ......like the door on the mail box......it's just dangerous.image
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Money is money....acquisition and disposition is up to the possessor. I am careful in all respects of financial management -necessities and hobbies. Cheers, RickO
  • 410a410a Posts: 1,325 ✭
    I agree with Ricko........then of course we all die broke.image
  • NapNap Posts: 1,728 ✭✭✭✭✭


    << <i>No. I learned a long time ago that life can be very short as I have seen this time and time again in my line of work. Consequently, I tend to live and spend as fully as I can. When I am flush, so to speak, I buy coins, dine at my favorite restaurants, spend on antique furniture and jewelry for my wife, etc. When I am not so flush, I spend less. >>



    I agree with your outlook and have been living like this for a while.

    However with buying a house and having a baby I imagine things are gonna change. These are good life changes so I don't mind. I presume coin budget will fall off a bit
    My medieval coin collection
  • 410a410a Posts: 1,325 ✭
    Nap! Congrats on the house and baby.........I got to tell you that until I got them thru college. I had to reign it in myself on coin purchases, but on the other hand the things I bought look ohhh so cheap now. image
  • BigMooseBigMoose Posts: 1,469 ✭✭✭
    Nap, congratulations on the new baby and the house. Unless someone is CEO of a major corporation or a hedge fund manager, there are financial ebbs and flows in everyone's lives. Just about all of us have to prioritize.
    TomT-1794

    Check out some of my 1794 Large Cents on www.coingallery.org
  • MidLifeCrisisMidLifeCrisis Posts: 10,547 ✭✭✭✭✭


    << <i>No. I learned a long time ago that life can be very short as I have seen this time and time again in my line of work. Consequently, I tend to live and spend as fully as I can. When I am flush, so to speak, I buy coins, dine at my favorite restaurants, spend on antique furniture and jewelry for my wife, etc. When I am not so flush, I spend less. >>


    This. Emphatically.
  • BoosibriBoosibri Posts: 12,164 ✭✭✭✭✭


    << <i>Money is money. What my problem is ,is getting enough money to get the money I actually want. I do my best to be very frugal when buying the necessities so that more money is available for money. Today though I blew that plan all to hell. Dinner at the corner Chinese restaurant was about $100.00 but that is all good as they make the best Mongolian Beef I have had anywhere in Wisconsin and they are just a hole in the wall place. I like going there because you can see them cooking and the big a** flame fired woks are crazy and they work so darn fast. I need more money for money that is a fact. >>



    Are you sure it's beef?

    Latin American Collection

  • winkywinky Posts: 1,671 ✭
    Lord yes I do. Another $200 for that - OK no problem.image
  • MrEurekaMrEureka Posts: 24,281 ✭✭✭✭✭
    I'm with BigMoose - I have no plans on making it to the nursing home/diaper stage of life.

    Tim - What if we could find you a nursing home with a miniature golf course and a bar?
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • vplite99vplite99 Posts: 1,296 ✭✭✭✭✭
    My MOST discretionary money goes for coins.
    Vplite99
  • Cougar1978Cougar1978 Posts: 8,309 ✭✭✭✭✭
    Coin money is an investment in my business.

    However it does not pay interest or dividends. Coin Money comes last after my bills, entertainment, etc.



    Coins & Currency

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