Just tell her it is diversifying your investment fund. As long as you are still saving and still have left over funds for this. Find the most interesting historical facts from the date range you collect and see if you can impress her. Print out some copies of the Mint records from those dates showing her you are serious about the research aspect and who knows maybe you will write a book about all of this someday.
Just always use the excuse that it is an investment for your kids college fund or your retirement fund, get a seperate checking account and tell her that it is needed for tax purposes if you sell anything (Profit vs Loss etc...)
It is better if she does know when you spend money on a coin, when it comes in educate her on why the coin is worth the cost and what the future will hold for it's value. If she does not take an interest in your collection then she wount pay any attention to it, if she does take an interest you may find yourself plesantly surprised on your birthday, at christmas and other special times of the year with a nice coin or two, it worked for me, she knew the local dealer and he knew what I liked and was able to help her pick something nice!
On BS&T Now: Nothing. Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up! Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
When we first got married, I did not collect - I got back into coins a few later, when we really did not have a lot of money - it sort of came out of left field and at a tight time to boot. To make matters worse, my wife is hyper-anxious about money and simply does not possess the collecting gene.
The first agreement we made, was that I could use my childhood collection (which thankfully I still had and was worth a little something...) as seed money, the idea being that I could sell pieces I was no longer attached to and use the money as I saw fit.
Eventually when we had more money, we set a limit: anything below $X I could buy without consulting (and stressing) her; anything above $X was not necessarily out of the question, but required some consultation.
As time has gone on, my wife has come to see that as far as things that could potentially preoccupy your spouse are concerned, that coins are relatively benign. Furthermore, unlike a hand bag, shoes, etc., coins tend to hold their value and contribute to your family's net worth.
Still, the funniest thing my wife ever said to me, she said one night when she caught partaking in this very forum one Friday night. "You are such a nerd!" she said. "Hey, it could be worse - at least I am not into porn!" Without missing beat, my wife just looked at me said "Heh, it's be cheeper."
Like everything in your marriage, when it come to coins, communicate, compromise and establish an understanding - add to that a little sense of humor and you guys should be fine!
Before I got married, my passion had been pocket billiards for 15 years. I tried to get my bride-to-be interested, but she preferred spending her time and money on more important things like "stuff she couldn't afford". I was young and naive, and I believed that we would be able to work through our differing points of view after we were married. That was almost 40 years ago, and you know what.....................................I still don't miss her!
Big mistake, combining into one account. Good Luck.
Advanced collector of BREWERIANA. Early beer advertising (beer cans, tap knobs, foam scrapers, trays, tin signs, lithos, paper, etc)....My first love...U.S. COINS!
One good thing in the way of coins has already occured due to this wedding. It turns out her grandfather, who was an anesthesiologist, was also a coin geek.
After the wedding her grandmother approached me to help her get his collection in order and help her dispose of it. Hopefully he knew what he was doing.
<< <i>Just married a little over a week ago. Today was the second big step; combining our bank accounts. I fought for seperate accounts, but lost. My wife knows I collect coins, but, she really has little to no idea of the value of my busties. I have tried to inform and enlighten her, but her responses range from calling me a geek to telling me I need help. I was even called a dork in her sisters Maid of Honor speech. Now I have to come to grips that every time I pull money out for a coin purchase she will know. I am not looking forward to the next big coin show when I have to "ask" permission to go pull out a few 1000 dollars to purchase some shiny round objects.
My biggest concern is that I may have to double the sticker price of every coin I am looking at. I figure that she will want at least an equal ammount to purchase her Coach and Louis Vitton (Sp?) bags with, right?
How do you married guys here keep your wives from blowing a gasket every time you bring home a new coin?
Well I should at least include a pic of what I have signed up for >>
did'nt read any of the other posts, so i guess you got of good , bad advice and others in between.
lemme just say that as someone getting up in the years, you are better off having each a separate account PLUS one combined account. give yourselfs each a little allowance each month, say $100 per month, whatever is reasonable for you, & that is YOUR MONEY. YOU get to spend it however YOU WANT, & guilt is not allowed!
take this advice to heart, it'll do good by you
best of luck! she's a pretty nice, not to mention PRETTY catch!!!
Congrats! Since you have your own business, just have your newps be part of the business' investment stragety, then pay yourself a numismatic bonus once in a while.
Oh, and for an OT aside, TavernTreasures is screwing up the ads thus, "5 Beers in 1 Huge Glass - Giant Beer Glass holds 60 oz. Only $11.95. Word. [url removed]"
<< <i>One good thing in the way of coins has already occured due to this wedding. It turns out her grandfather, who was an anesthesiologist, was also a coin geek.
After the wedding her grandmother approached me to help her get his collection in order and help her dispose of it. Hopefully he knew what he was doing. >>
Don't get too excited... as your wife's grandparents may have had a combined bank account too
To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
The new wife, unlike the ex, is supportive of my hobby (or enables my addiction, depending on how you view it). Here's what we did:
We have separate bank accounts, but they are joint. She has "her" account and I have "mine". THey are joint, and we both have signature authority, but for all practical purposes, they are separate. We did this because we both had auto-pay from our accounts that would be too much of a PITA to change. We just added the other to our accounts. We even have separate banks.
In re the tit for tat (you buy a coin, she gets a purse), remember, its a two way street. If she gets a "toy", so do you! BTW, hope you had a prenup!
Keep in mind, anything you acquired before the marriage is yours. Anything acquired during the marriage is a marital asset. THe increase in value of your collection (from the date of the wedding to whenever) is also a marital asset. Not suggesting that you plan for a divorce, but you should have good records on when you acquired the coins, their purchase price, value as of the wedding date, etc. just in case...
"government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
Congratulations! My wife and I have been married 13 years and unlike most of the posters we have only a single acct but both of us are fairly conservative in our spending. I eat at my desk and buy coins once in a while while she eats her lunch out and shops at Sam Moon. So we are pretty well balanced I suppose. Since you have gotten plenty of advice (and the investment angle is great and true for the most part!) the only item I might add is that it is only money...don't get too worked up about it and communicate re: family finances on a regular basis, both in good times and bad. This can go a long way towards making sure you and yours are on the same page.
My first marriage we had 1 checking acct. Marriage lasted 6 years. 2nd marriage, we have 3 checking accounts (hers, mine, ours). Been together 18 years, happy and have a great life together.
The way I handle this issue is about coins ... I balance the check book, pay the bills and don't volunteer information about coin purchases. It works for me and I've been happily married for 10 years!
Oh My, what a beautiful couple! Congratulations As for the advise hmmmmm.........well even though I am not one of the guys I just had to say something, whatever you do keep it honest because nothing will ruin a marriage like dishonesty. My hubby and I have separate accounts so all I can say is Good Luck to both of you in your life together I know you will find a way to make it all work out.
You folks that insist on having separate checking accounts married the wrong girl. I've had a great relationship for 27 yrs now. One checking Acct and one shared credit card. We're both mindful of buying worthless crap, but do each have hobbies. I set the tone way before we were married that I'm the investing type. Coins/Currency fall under investing - that's my job. Never hear a peep from her about the oodles and oodles of expenditures on Coins/Currency. Remember - coins are an investment.
Congrats! That early comment about it being too late to ask these questions is pretty funny...and kind of true!
Fortunately, my wife is a geek, too, and also digs toned coins....but as a brother in marriage (8 years) I can also tell you that there is some truth to the whole "doubling" effect...i.e. buy a coin, wife then spends a similar amount on something she wants.....not a bad way to keep the peace.
....since we're posting pics....here we are on the Jersey Shore...bright day!...me looking like a dork as usual, my wife very photogenic as usual.
Doubling the price of every purchase is a good way to start. I joke about it all the time LOL We don't have separate accouts but I do have a sub accout on our regular accout for puchases. I buy new stuff with money from sales and don't mix the household money with coin money.
I'm going on 25 years of marriage and I can give you a little advice.
It probably will eventually cause a problem. She will see it as you spending a lot of money for a very small item (spending $500 on a 50 cent coin just doesn't equate to a lot of people).
BUT....if you take the time to educate her and show her that you purchasing a $500 coin is not 'spending' but rather 'investing',
AND if you can sell a few items and show her that you make money at 'your hobby',
THEN you'll have it made and you will be able to relax, not feel guilty about your hobby and both of you will be at ease.
Hope this helps!!
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
Comments
It is better if she does know when you spend money on a coin, when it comes in educate her on why the coin is worth the cost and what the future will hold for it's value. If she does not take an interest in your collection then she wount pay any attention to it, if she does take an interest you may find yourself plesantly surprised on your birthday, at christmas and other special times of the year with a nice coin or two, it worked for me, she knew the local dealer and he knew what I liked and was able to help her pick something nice!
Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
When we first got married, I did not collect - I got back into coins a few later, when we really did not have a lot of money - it sort of came out of left field and at a tight time to boot. To make matters worse, my wife is hyper-anxious about money and simply does not possess the collecting gene.
The first agreement we made, was that I could use my childhood collection (which thankfully I still had and was worth a little something...) as seed money, the idea being that I could sell pieces I was no longer attached to and use the money as I saw fit.
Eventually when we had more money, we set a limit: anything below $X I could buy without consulting (and stressing) her; anything above $X was not necessarily out of the question, but required some consultation.
As time has gone on, my wife has come to see that as far as things that could potentially preoccupy your spouse are concerned, that coins are relatively benign. Furthermore, unlike a hand bag, shoes, etc., coins tend to hold their value and contribute to your family's net worth.
Still, the funniest thing my wife ever said to me, she said one night when she caught partaking in this very forum one Friday night. "You are such a nerd!" she said. "Hey, it could be worse - at least I am not into porn!" Without missing beat, my wife just looked at me said "Heh, it's be cheeper."
Like everything in your marriage, when it come to coins, communicate, compromise and establish an understanding - add to that a little sense of humor and you guys should be fine!
>>>My Collection
Good luck!
Chris
WOMEN
<< <i>Men ! Hmmm. ! >>
So, from my personal point of view
Get an ugly girl to marry you!
Chris
Maybe she will have more interest in coins now your married.
Best of luck,
Scott
After the wedding her grandmother approached me to help her get his collection in order and help her dispose of it.
Hopefully he knew what he was doing.
<< <i>Just married a little over a week ago. Today was the second big step; combining our bank accounts. I fought
for seperate accounts, but lost.
My wife knows I collect coins, but, she really has little to no idea of the value of my busties. I have tried to inform and
enlighten her, but her responses range from calling me a geek to telling me I need help. I was even called a dork
in her sisters Maid of Honor speech.
Now I have to come to grips that every time I pull money out for a coin purchase she will know. I am not looking
forward to the next big coin show when I have to "ask" permission to go pull out a few 1000 dollars to purchase
some shiny round objects.
My biggest concern is that I may have to double the sticker price of every coin I am looking at. I figure that she will want
at least an equal ammount to purchase her Coach and Louis Vitton (Sp?) bags with, right?
How do you married guys here keep your wives from blowing a gasket every time you bring home a new coin?
Well I should at least include a pic of what I have signed up for >>
did'nt read any of the other posts, so i guess you got of good , bad advice and others in between.
lemme just say that as someone getting up in the years, you are better off having each a separate account PLUS one combined account. give yourselfs each a little allowance each month, say $100 per month, whatever is reasonable for you, & that is YOUR MONEY. YOU get to spend it however YOU WANT, & guilt is not allowed!
take this advice to heart, it'll do good by you
best of luck! she's a pretty nice, not to mention PRETTY catch!!!
K S
Oh, and for an OT aside, TavernTreasures is screwing up the ads thus, "5 Beers in 1 Huge Glass - Giant Beer Glass holds 60 oz. Only $11.95. Word. [url removed]"
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Cameron Kiefer
<< <i>One good thing in the way of coins has already occured due to this wedding. It turns out her grandfather, who was an anesthesiologist, was also a coin geek.
After the wedding her grandmother approached me to help her get his collection in order and help her dispose of it.
Hopefully he knew what he was doing. >>
Don't get too excited... as your wife's grandparents may have had a combined bank account too
Remember, women don't like wimps.
Congrats!
Longacre should know your answer
Dennis
Like VOC Numismatics on facebook
The new wife, unlike the ex, is supportive of my hobby (or enables my addiction, depending on how you view it). Here's what we did:
We have separate bank accounts, but they are joint. She has "her" account and I have "mine". THey are joint, and we both have signature authority, but for all practical purposes, they are separate. We did this because we both had auto-pay from our accounts that would be too much of a PITA to change. We just added the other to our accounts. We even have separate banks.
In re the tit for tat (you buy a coin, she gets a purse), remember, its a two way street. If she gets a "toy", so do you! BTW, hope you had a prenup!
Keep in mind, anything you acquired before the marriage is yours. Anything acquired during the marriage is a marital asset. THe increase in value of your collection (from the date of the wedding to whenever) is also a marital asset. Not suggesting that you plan for a divorce, but you should have good records on when you acquired the coins, their purchase price, value as of the wedding date, etc. just in case...
..................YOU'RE FINISHED!!!
Congrats again!
K
Successful BST transactions with WTCG, NH48400, evil empire,
meltdown, timrutnat, bumanchu, 2ndCharter, rpw, AgBlox, indiananationals, yellowkid, RGJohn, fishteeth, rkfish, Ponyexpress8, kalshacon, Tdec1000, Coinlieutenant, SamByrd, Coppercolor
The way I handle this issue is about coins ... I balance the check book, pay the bills and don't volunteer information about coin purchases. It works for me and I've been happily married for 10 years!
Good luck!
Chris
You folks that insist on having separate checking accounts married the wrong girl. I've had a great relationship for 27 yrs now. One checking Acct and one shared credit card. We're both mindful of buying worthless crap, but do each have hobbies. I set the tone way before we were married that I'm the investing type. Coins/Currency fall under investing - that's my job. Never hear a peep from her about the oodles and oodles of expenditures on Coins/Currency. Remember - coins are an investment.
That early comment about it being too late to ask these questions is pretty funny...and kind of true!
Fortunately, my wife is a geek, too, and also digs toned coins....but as a brother in marriage (8 years) I can also tell you that there is some truth to the whole "doubling" effect...i.e. buy a coin, wife then spends a similar amount on something she wants.....not a bad way to keep the peace.
....since we're posting pics....here we are on the Jersey Shore...bright day!...me looking like a dork as usual, my wife very photogenic as usual.
I'm going on 25 years of marriage and I can give you a little advice.
It probably will eventually cause a problem. She will see it as you spending a lot of money for a very small item (spending $500 on a 50 cent coin just doesn't equate to a lot of people).
BUT....if you take the time to educate her and show her that you purchasing a $500 coin is not 'spending' but rather 'investing',
AND if you can sell a few items and show her that you make money at 'your hobby',
THEN you'll have it made and you will be able to relax, not feel guilty about your hobby and both of you will be at ease.
Hope this helps!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)