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Do you hoard coins? What types? Why?

rmorganrmorgan ✭✭✭✭
edited November 26, 2018 9:38AM in U.S. Coin Forum

They say coin collecting is about assembling a set of coins (type set, year/mint, theme, error coins, etc.).

In contrast, coin hoarding is about saving every attainable coin (typically of a type that is no longer made or seems scarce) with no plan of assembling it into anything and no concept of a goal or completion. Examples: wheat leafs, a box of buffalo nickels, multiples of the same variety such as a small date or “Bugs Bunny” Franklins.

I always throw a new-found wheat leaf in a box, but I have no plans for them. I just gained access to a number of silver coins, and I am fighting the urge to hang on to them even though I don’t need most of them for my sets.

Do you hoard anything? If so, what? Why do you keep coins that have no planned place in your collections?

My strategy is about collecting what I intend to keep, not investing in what I plan to sell.

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    Silver Roosevelt dimes

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    Yes :/

    08, 09 S mint IHC in 63/64 RB. Lots of red.

    1921 Peace 1$ struck with proof dies. With booming luster. MS60 to MS63.

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    I recently 'disposed' of my hoarded coins :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko

    Bad transactions with : nobody to date

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    CCGGGCCGGG ✭✭✭✭✭
    edited November 26, 2018 12:33PM

    When I started collecting I thought quantity was the way to go, now I realize it's quality. 40+ years ago, I'd estimate that I had at least 10,000 coins that I called my collection. Now, (excluding SE's) I'd estimate my collection has shrunk by over 95% in numbers but those are now hoarded.

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    Gotta catch em all!

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    I've come to believe that my instincts of hanging on to anything that seems scarce is to my detriment. I recently sorted through a few hundred Walking Liberties, and while that was a lot of fun, the urge to hang on to all these has no focus - How many multiples of a given date do I need? So I'm trying to convince myself to set goals and focus on collecting sets, then letting go of all those extras. Letting go of what I have is not easy for me.

    My strategy is about collecting what I intend to keep, not investing in what I plan to sell.

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    Slabbed MWG close to melt and Classic Commems - Oregon, Texas, Long Island, Civil War Issues favorites

    Investor
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    Yes. Anything with melt value, a bonus with numismatic value.

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

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    I look out for 1916 dimes and 1917 T1 quarters.

    Derek

    EAC 6024
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    Ikes

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    @MorganMan94 said:
    I can never pass up Columbian halves that are cheap... Purchased #500 just a few weeks ago.

    You too?! I use them as fillers for my Dansco half dollar albums when the only example of a date is in a TPG holder. I may buy a blank Dansco album for halves and fill it with nice circulated Columbian half dollars.

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    ParadisefoundParadisefound ✭✭✭✭✭
    edited November 26, 2018 6:44PM

    Yes for anything and everything pretty and because it satisfied my fancy ;)

    <3Pretty hoarder <3

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    :D ....... and Oh .... I always managed to make room (place) for it :*

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    Presently hoarding only pre-1834 US gold coins. One day they'll be worth a bundle !
    ;)

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    @Along said:
    Silver Roosevelt dimes

    So you are the one! ;) Do you have any varieties?

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    I'm not a hoarder. But I have seen a few estate sale coin auctions where the owner clearly had hoarding tendencies. Hundreds of rolls of 90%, circ Lincolns, a dozen albums of Franklin halves, etc. I hope they brought joy to their owner.

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    jedmjedm ✭✭✭✭✭
    edited November 26, 2018 9:00PM

    Yes, the round kind, and why not? (Edited to add what type)

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    Sometimes it hard to say no. When you collect something, its hard to say no when you come across an extra or another, because you appreciate how tough they are.

    Collecting since 1976.
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    Yes-to a small degree. I have my share of colorful 1913 Variety One Buffs.

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    Comment from my first (late) wife at a coin show with me..."But Sweetheart, didn't they make those coins any other year?"

    Yes, I have a problem with 1827 half dollars.

    Just because I'm old doesn't mean I don't love to look at a pretty bust.
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    rmorganrmorgan ✭✭✭✭
    edited November 27, 2018 7:09AM

    @koynekwest said:
    Yes-to a small degree. I have my share of colorful 1913 Variety One Buffs.

    Maybe that is not hoarding. Maybe it is a set -- a set purposefully comprised of toned 1913 Variety One Buffaloes. Seems to me to be eye-appealing, impressive, and meaningfully themed.

    My strategy is about collecting what I intend to keep, not investing in what I plan to sell.

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    ReadyFireAimReadyFireAim ✭✭✭✭✭
    edited November 28, 2018 9:41PM

    I have this compulsion regarding the 1920 saint.
    Fortunately, most of them look like doggy-doo-doo.

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    @rmorgan said:

    @koynekwest said:
    Yes-to a small degree. I have my share of colorful 1913 Variety One Buffs.

    Maybe that is not hoarding. Maybe it is a set -- a set purposefully comprised of toned 1913 Variety One Buffaloes. Seems to me to be eye-appealing, impressive, and meaningfully themed.

    I guess that could be true.

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    I collect coins... I have done sets and series... I now collect what attracts me. That being said, I do not sell coins... So, does that make me a hoarder? Actually, I do not give an obese rodents derriere what anyone calls me... :D I just enjoy collecting coins...and will continue. ;) Cheers, RickO

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    When I was "the tooth fairy" I used to accumulate vf to au Morgans, Peace dollars, and halves. Once silver got to over $30 / oz, the hoard went away...

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
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    I do not really hoard, but I do consider myself a Market Maker in a very few select major error types :o

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    I used to hoard 1876 3 cent nickels.
    I don't recall how it started but eventually I stopped and dribbled them out a few at a time.
    I did OK in the long run with them but probably could have done better with something else.
    Then I went through a period of grabbing every nice coronet head 1/2 cent that was priced reasonably and had original chocolate color.
    I did better with those.
    And let's not bring up the 1973 Ike's......oops.....I did it again lol

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    SoldiSoldi ✭✭✭✭✭

    I once owned more of these............last coin I could find to fill a Dansco years ago in EF -AU condition. Found that coin raw in Baltimore.........I probably have more.
    _All I can add is .......don't go in or near coin collecting establishments, don't associate with known collectors.......etc.
    _

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    COCollectorCOCollector ✭✭✭✭✭
    edited December 1, 2018 1:32PM

    Hoard coins? Not so much. Lots of half dollars, but I wouldn't call it a hoard. Few duplicates. And very few sacred cows... buy, sell and trade. It's a hobby.

    Even my "collection" of various silver bullion isn't much of a hoard. And they hold no sentimental value: When silver hits $30/oz, I'll sell.

    OTOH, I've got quite a hoard of tools. Gotta keep it all don't-ya-know.

    Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, jacrispies, coin22lover, coinsarefun, jwitten, CommemKing.

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    Yes, gold ones, the obvious

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

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    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Frank

    BHNC #203

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    @MorganMan94 said:
    I can never pass up Columbian halves that are cheap... Purchased #500 just a few weeks ago.

    I too hoard Columbian Expo Halves, though I don't have anywhere near the 500 that MorganMan94 has.

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    ARCOARCO ✭✭✭✭✭

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Dang! I knew there was at least someone out there hoarding Barber coins. And here I thought I had a problem hoarding Barber halves. I am not even in the same hoarding universe as you.

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    I got ya beat on Half's and mine are all PCGS graded! B)

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

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    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Yup, 8,000+ Barbers, that's a hoard. I very much respect that hoard.

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    @CharlotteDude said:
    I have a thing for Half Eagles

    OK, now I want to hoard a little.

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    @CharlotteDude said:
    I have a thing for Half Eagles

    Impressive.

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    @ARCO said:

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Dang! I knew there was at least someone out there hoarding Barber coins. And here I thought I had a problem hoarding Barber halves. I am not even in the same hoarding universe as you.

    :)

    Frank

    BHNC #203

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    @amwldcoin said:
    I got ya beat on Half's and mine are all PCGS graded! B)

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    all graded?

    Wow, that takes up a LOT of space.
    :)

    Frank

    BHNC #203

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    @savitale said:

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Yup, 8,000+ Barbers, that's a hoard. I very much respect that hoard.

    T/Y

    Frank

    BHNC #203

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    Unopened GSA morgan dollars with original mailing labels.....

    Cant resist them....

    Dead people tell interesting tales.
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    @Treashunt said:

    @savitale said:

    @Treashunt said:
    Yes!
    Mostly Barbers.

    Dimes: 3,122 pieces, including 9 complete sets, various grades.
    Quarters: 2,859 pieces: including one complete set, 1896 S #33 pieces, still shooting for a full roll; 1913 S #13 pieces
    Half Dollars: 2,232 pieces, including: #24 pieces: 1914 P.

    So, do I hoard: yes.

    and other sets.

    all in the bank

    Yup, 8,000+ Barbers, that's a hoard. I very much respect that hoard.

    T/Y

    11,000 to be more precise but not exact.

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