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$500,000 collections?!

prenumprenum Posts: 254
in U.S. Coin Forum
How many people on this board actually own $500,000 or more in coins?

How many have been collecting for at least 10 years?

Or, how many have bought and sold over $500,000 in the past 10 years?
Don Willis
Premium Numismatics, Inc.
myurl
800-596-COIN
«13

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    ShamikaShamika Posts: 18,785 ✭✭✭✭
    no
    yes
    no
    Buyer and seller of vintage coin boards!
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    garsmithgarsmith Posts: 5,894 ✭✭
    no

    8 years

    no
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    RYKRYK Posts: 35,800 ✭✭✭✭✭
    25

    500

    250

    I hope you were not expecting people to volunteer the value of the coin collections on a public forum.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    coinman420coinman420 Posts: 4,666 ✭


    << <i>no
    yes
    no >>



    same here image
    my ebay items BST transactions/swaps/giveaways with: Tiny, raycyca,mrpaseo, Dollar2007,Whatafind, Boom, packers88, DBSTrader2, 19Lyds, Mar327, pontiacinf, ElmerFusterpuck.
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    mercurynutmercurynut Posts: 3,207


    << <i>no
    yes
    no >>

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    hootchiegirlhootchiegirl Posts: 222
    yes
    yes
    way yes
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    TorinoCobra71TorinoCobra71 Posts: 8,099 ✭✭✭
    NO!

    Yes!

    NO!

    TorinoCobra71

    "I could only WISH that my pockets were that deep........."

    image
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    LakesammmanLakesammman Posts: 17,665 ✭✭✭✭✭
    I'm with RYK on this one.
    "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.
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    sweetwillietsweetwilliet Posts: 2,316 ✭✭✭
    no
    yes
    no

    Probably your most common combination of answers to your questions.
    Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.
    Will’sProoflikes
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    prenumprenum Posts: 254
    I'm not interested in values. Also agree that everyone should be discreet.

    What I am trying to understand is how much experience most members have.
    Don Willis
    Premium Numismatics, Inc.
    myurl
    800-596-COIN
  • Options
    RYKRYK Posts: 35,800 ✭✭✭✭✭
    Suffice to say, you would be very happy to have me and ten more like me as regular customers. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    stmanstman Posts: 11,352 ✭✭✭✭✭


    << <i>What I am trying to understand is how much experience most members have. >>



    Experience doesn't have to have a $$$$ amount attached. Well, perhaps to some it does.
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
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    LeianaLeiana Posts: 4,349 ✭


    << <i>What I am trying to understand is how much experience most members have. >>



    In that case...

    I have been a Numismatist for about eleven months-- since last October.

    $500,000 is a way lot of money, substantially more than my family's house would sell for if offered on the market.

    I personally don't think that net worth and experience necessarily go hand in hand, but I bet that is true in some instances.

    -Amanda
    image

    I'm a YN working on a type set!

    My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!

    Proud member of the CUFYNA
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    RYKRYK Posts: 35,800 ✭✭✭✭✭
    Experience doesn't have to have a $$$$ amount attached. Well, perhaps to some it does.

    Good point. Stman's collection may or may not be worth than mine, but his numismatic knowledge and experience are several orders of magnitude greater than mine, across many series and many years (with the possible exception of southern branch mint gold).
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    prenumprenum Posts: 254
    Suffice to say, you would be very happy to have me and ten more like me as regular customers.

    I'm not here to sell anything or meet new customers. I let my coins speak for themselves.

    It's just from the messages posted it seems like this place is full of experts! image



    Don Willis
    Premium Numismatics, Inc.
    myurl
    800-596-COIN
  • Options
    prenumprenum Posts: 254
    Experience doesn't have to have a $$$$ amount attached. Well, perhaps to some it does.

    Steve you are absolutely correct. I was trying to come up with some way to assess the level of expertise here. Anyone who has been active in the market for over 10 years, especially in a particular series, learns a lot regardless of their financial capacities.

    Like what to look for in crusty old bust halves!
    Don Willis
    Premium Numismatics, Inc.
    myurl
    800-596-COIN
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    FletcherFletcher Posts: 3,294 ✭
    .
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    ArtistArtist Posts: 2,038 ✭✭✭
    I am apt to regard the price of a coin I want as an obstacle that needs to be overcome - once I own a coin I like, I tend not to value them based on price.
    image
    >>>My Collection
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    JRoccoJRocco Posts: 14,277 ✭✭✭✭✭
    I have been collecting coins for over 35 years.
    Some coins are just plain "Interesting"
  • Options
    prenumprenum Posts: 254
    RYK - interesting response I didn't mean to word the question that way. You really thing that there are that many members in each catagory?
    Don Willis
    Premium Numismatics, Inc.
    myurl
    800-596-COIN
  • Options
    RYKRYK Posts: 35,800 ✭✭✭✭✭
    I knew Fletch would claim to be the "Big Fish" here. Very predictable...don't know if it's true or not, but very predicatable. image

    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    RYKRYK Posts: 35,800 ✭✭✭✭✭
    RYK - interesting response I didn't mean to word the question that way. You really thing that there are that many members in each catagory?

    I think that these are reasonable guesses that are not too far from the truth.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    ShamikaShamika Posts: 18,785 ✭✭✭✭


    << <i>What I am trying to understand is how much experience most members have. >>


    In that case, I have been a collector/numismatist for 33 years (some years more than others). My passion has been especially strong over the last 8 years.

    Buyer and seller of vintage coin boards!
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    tradedollarnuttradedollarnut Posts: 20,608 ✭✭✭✭✭
    image
    Early Dollar Set
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    FletcherFletcher Posts: 3,294 ✭
    .
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    RussRuss Posts: 48,514 ✭✭✭


    << <i>I knew Fletch would claim to be the "Big Fish" here. >>



    Oh, he's certainly a particular type of "fish".

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
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    prenumprenum Posts: 254
    OK if we use RYK's numbers

    25

    500

    250

    and there are 21,600 plus members

    and we assume there are no duplicates in RYK's numbers

    that's about 4%
    Don Willis
    Premium Numismatics, Inc.
    myurl
    800-596-COIN
  • Options
    mirabelamirabela Posts: 5,196 ✭✭✭✭✭
    I have been collecting for nearly thirty years. I believe I can get the grade of most post-1808, non-gold items within a point of PCGS/NGC 75% of the time or better. (EDIT - that goes for grades up to 65. Above that, I'm lost, lost, lost!) I have bought and sold hundreds upon hundreds of coins. My collection does not come close to $500K, nor is it ever likely to. If I had that kind of money, it still wouldn't. I suppose I have the actual wherewithal to have a six-figure collection right now, but I am just not interested enough to put that kind of dough in it and probably never will be.

    In the same vein, I don't play a $5,000 banjo or fish with a $1,000 fly rod, either. I wear $28 pants and $50 shoes. I drive an eight year old, $9,000 truck. I live in a house that costs half what I could afford. I brew my own beer and I don't eat out. I grow a substantial percentage of what my family eats, on my own land. I heat with a wood stove.

    I like coins, but I'm frugal, OK?
    mirabela
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    BAJJERFANBAJJERFAN Posts: 31,625 ✭✭✭✭✭
    nyet
    nein
    nada
    theknowitalltroll;
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    FletcherFletcher Posts: 3,294 ✭


    << <i>

    << <i>I knew Fletch would claim to be the "Big Fish" here. >>



    Oh, he's certainly a particular type of "fish".

    Russ, NCNE >>



    The great deal of respect that I once held for Russ because of his purported knowledge diminishes on almost a daily basis. I guess that when it comes to numismatic posts, quantity does not equal quality.

  • Options
    RussRuss Posts: 48,514 ✭✭✭


    << <i>The great deal of respect that I once held for Russ because of his purported knowledge diminishes on almost a daily basis >>



    Gee, I sure hope you weren't laboring under the misconception that I give a rat's ass about "respect" from somebody like you. image

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • Options
    FatManFatMan Posts: 8,977 ✭


    << <i>I'm not interested in values. Also agree that everyone should be discreet.

    What I am trying to understand is how much experience most members have. >>

    Don

    I've been seriously collecting for a little over 10 years. I have barely enough knowledge to get by in Early Commems, Dahlonega Gold, and Morgan Dollars.

    I'm glad you're not interested in values because I prefer to not answer the dollar questions for personal reasons.

    Within a month or so you will be able to size up most around here by simply reading what they post, both in text and images. Give it time and your questions will be answered.


    edited:Kant spel
  • Options
    FletcherFletcher Posts: 3,294 ✭


    << <i>Gee, I sure hope you weren't laboring under the misconception that I give a rat's ass about "respect" from somebody like you. image

    Russ, NCNE >>



    Your actions speak loud enough to preclude that misconception. Thank you for another unprovoked personal attack though ... your presence and insightful posts certainly add a little class to this forum.
  • Options
    prenumprenum Posts: 254
    I have been collecting for nearly thirty years. I believe I can get the grade of most post-1808, non-gold items within a point of PCGS/NGC 75% of the time or better. I have bought and sold hundreds upon hundreds of coins. My collection does not come close to $500K, nor is it ever likely to. If I had that kind of money, it still wouldn't. I suppose I have the actual wherewithal to have a six-figure collection right now, but I am just not interested enough to put that kind of dough in it and probably never will be.

    In the same vein, I don't play a $5,000 banjo or fish with a $1,000 fly rod, either. I wear $28 pants and $50 shoes. I drive an eight year old, $9,000 truck. I live in a house that costs half what I could afford. I brew my own beer and I don't eat out. I grow a substantial percentage of what my family eats, on my own land. I heat with a wood stove.

    Mirabela,

    You are my kind of dude, dude!

    I have to admit, I played the game in the 70s & 80s and spent a ton of money. Now, I too live far below my means. I'm not out to impress anyone and could care less.

    If you've been looking at coins for 30 years and still are involved, you've learned a lot. Nowadays most people don't know how to form their own opinion about a coin. In my opinion, if you can't buy raw coins with confidence you're just a guppie in a sea of sharks.

    Don Willis
    Premium Numismatics, Inc.
    myurl
    800-596-COIN
  • Options
    FletcherFletcher Posts: 3,294 ✭


    << <i>In my opinion, if you can't buy raw coins with confidence you're just a guppie in a sea of sharks. >>



    Just call me guppie ... I believe that I can accurately grade CC Morgans, but a PCGS slab definitely adds confidence to my purchases.
  • Options
    stmanstman Posts: 11,352 ✭✭✭✭✭


    << <i>Experience doesn't have to have a $$$$ amount attached. Well, perhaps to some it does.

    Good point. Stman's collection may or may not be worth than mine, but his numismatic knowledge and experience are several orders of magnitude greater than mine, across many series and many years (with the possible exception of southern branch mint gold). >>



    RYK, I'm humbled by your comments.
    Don, I was pretty sure what you were getting at, just wanted to make a point. Now, You know what I want, now go get it for me. Low grade, crusty is a good thing too.image
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • Options
    prenumprenum Posts: 254
    Gee, I sure hope you weren't laboring under the misconception that I give a rat's ass about "respect" from somebody like you.

    I don't expect you too. On the other hand neither should you. image
    Don Willis
    Premium Numismatics, Inc.
    myurl
    800-596-COIN
  • Options
    JRoccoJRocco Posts: 14,277 ✭✭✭✭✭




    << <i>If you've been looking at coins for 30 years and still are involved, you've learned a lot. Nowadays most people don't know how to form their own opinion about a coin. In my opinion, if you can't buy raw coins with confidence you're just a guppie in a sea of sharks. >>



    Hey Don----
    Let me now say that after this one little line-- you are my kind of dude alsoimage
    Some coins are just plain "Interesting"
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    LincolnCentManLincolnCentMan Posts: 5,347 ✭✭✭✭
    no
    yes
    no... but getting closer

    David
    Lincolncentman Toned Lincolns
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    TraderGioTraderGio Posts: 252
    no
    no
    no


    In 10 years I hope to answer

    Yes
    Yes
    No!image
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    CollectorManCollectorMan Posts: 241 ✭✭
    N/A
    30 Years +
    N/A

    CollectorMan
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    flaminioflaminio Posts: 5,664 ✭✭✭
    I'd prefer not to reveal the value of my collection.

    It'd be embarrassing image
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    BarryBarry Posts: 10,100 ✭✭✭
    Don - for a question like that, you'd do better with a poll, so members could answer anonymously.

    BTW, I'm looking for a 1796 dime like the one on your home page. Too bad it's not for sale...
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    yellowjacketyellowjacket Posts: 1,809 ✭
    Under $500,000

    46 Years! Damn, I'm old!

    Under $500,000
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    SunnywoodSunnywood Posts: 2,683 ✭
    Those of us with valuable collections would probably prefer to remain anonymous.
    Besides, I was raised to believe that one should not discuss what things cost or are worth !!!

    Best,
    Sunnywood
    image

    Sunnywood's Rainbow-Toned Morgans (Retired)

    Sunnywood's Barber Quarters (Retired)
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    500Bay500Bay Posts: 1,112 ✭✭✭
    I have collected off and on for about 27 years. Most of my collecting has taken place in three time periods, with time off in between mostly due to financial contraints (college/home). Each period lasted about 5 years, and I am about at about 3 years this time around. So I guess I have about 13 years collecting experince over 27 years.

    No, my collection is no where near $500,000 in value. Each period I have collected has been for significantly more $$, though.
    Finem Respice
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    mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    No.

    No.

    No.

    But I have taken pics of coins amounting to that lofty sum.image Kinda my virtual collection.
    coinimaging.com/my photography articles Check out the new macro lens testing section
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    prenumprenum Posts: 254
    Sunny that's cool. But more than 10 years?
    Don Willis
    Premium Numismatics, Inc.
    myurl
    800-596-COIN
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    WTCGWTCG Posts: 8,940 ✭✭✭
    Yes.

    No.

    Yes.

    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
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    BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>Those of us with valuable collections would probably prefer to remain anonymous.
    Besides, I was raised to believe that one should not discuss what things cost or are worth !!!

    Best,
    Sunnywood >>



    image to both points!

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

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