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Question for collectors who just say "no" to coin debt.

IGWTIGWT Posts: 4,975 ✭
in U.S. Coin Forum
Name a coin that would make you break your vow even if the price were aggressive.
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    BarndogBarndog Posts: 20,461 ✭✭✭✭✭

    no
    JR Newsletter Online Edition
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    PerryHallPerryHall Posts: 45,544 ✭✭✭✭✭
    Sorry but I can't really think of any coins that I would go into debt for.

    Worry is the interest you pay on a debt you may not owe.

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    STONESTONE Posts: 15,275 ✭
    Totally not worth it. I like coins, but I'm not THAT hardcore about them.
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    FlatwoodsFlatwoods Posts: 4,122 ✭✭✭✭✭
    Aint gonna happen.
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    dsessomdsessom Posts: 2,212 ✭✭✭✭✭
    A PQ PCGS MS65 1885 Liberty nickel. I'll admit it. That's my dream coin. Maybe not much to many of you, but I'd definitely go into debt to own one. image

    imageimage
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    MidLifeCrisisMidLifeCrisis Posts: 10,531 ✭✭✭✭✭
    I'd seriously consider it for something like the finest known Higley Copper or a high grade Chain Cent or any of the 3 known Gloucester Tokens.
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    tmot99tmot99 Posts: 5,238 ✭✭✭
    I went into debt for this set because I didn't want to lose the opportunity to have it in a collection. This is a "one of" and the history of it is just too cool. I wrote about it in this thread.

    imageimage
    image
    imageimage
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    tydyetydye Posts: 3,894 ✭✭✭
    I would say yes I would but the wife would never let me
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    BochimanBochiman Posts: 25,317 ✭✭✭✭✭
    In the current economical environment, with a family that includes an 8 year old son, I can't see myself putting my enjoyment and the hobby ahead of their security; such that it can be currently.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

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    JRoccoJRocco Posts: 14,277 ✭✭✭✭✭
    Wouldn't do it for any coin.
    Some coins are just plain "Interesting"
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    GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭
    If I KNEW I could make a strong profit on it, and pretty much had the piece sold before I put any money up, then I'd do it.
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    MidLifeCrisisMidLifeCrisis Posts: 10,531 ✭✭✭✭✭
    These kinds of hypotheticals can be fun...but reality obviously depends on your personal circumstances.
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    RYKRYK Posts: 35,791 ✭✭✭✭✭


    << <i>Wouldn't do it for any coin. >>

    image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    badgerbadger Posts: 1,217 ✭✭✭
    The anchor coin of the silver proof series - 1950 Franklin PR66 DCam

    Have used debt to buy collections that held several coins that I wanted. Then sold off the spares. Everyone seems to sell their whole collection at one time so it is like drinking from a fire hose.

    My main problem is just too many coins versus other assets. My current rule is that for every $1 purchase I have to sell $2. This should bring my asset mix in line by 2020.

    Dave
    Collector of Modern Silver Proofs 1950-1964 -- PCGS Registry as Elite Cameo

    Link to 1950 - 1964 Proof Registry Set
    1938 - 1964 Proof Jeffersons w/ Varieties
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    ocon4008ocon4008 Posts: 1,703
    IMHO, It is all about cash; no cash no coin.image
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    BarryBarry Posts: 10,100 ✭✭✭
    Get help.
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    messydeskmessydesk Posts: 19,732 ✭✭✭✭✭
    Ain't gonna happen.
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
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    numobrinumobri Posts: 1,473 ✭✭✭


    A 1877 Pr 65RD cent, was the last time I stuck my neck out on.

    He turned me down.image


    Brian
    NUMO
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    JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    I did it once for a baseball card and it worked out. I was young, foolish and lucky......Sometimes you just have to pull the trigger and throw caution to the wind. I would probably not do it again at this point in my life and I think that's a sign of aging. I think you fail to take as many chances as you get older.......MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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    HoledandCreativeHoledandCreative Posts: 2,773 ✭✭✭✭✭
    Maybe a '94 dolllar with a hole in it.
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    MoldnutMoldnut Posts: 3,083 ✭✭✭✭
    No, coins are not that warm at nightimage
    Derek

    EAC 6024
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    OLCOLC Posts: 394 ✭✭✭
    I did it with the 2008 buffalo's and made a boat load of money.
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    Steve27Steve27 Posts: 13,274 ✭✭✭
    Only a coin which was well known like a 1913 Liberty nickel, which was offered at half price or less.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
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    PerryHallPerryHall Posts: 45,544 ✭✭✭✭✭


    << <i>No, coins are not that warm at nightimage >>



    True, but they don't snore at night either.

    Worry is the interest you pay on a debt you may not owe.

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    notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>

    << <i>No, coins are not that warm at nightimage >>



    True, but they don't snore at night either. >>



    They never complain and they never "need to talk"....
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    JustMe2JustMe2 Posts: 179 ✭✭
    If your making house payments and also buying coins your are borrowing money to buy coins.
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    dirtybirddirtybird Posts: 223 ✭✭
    I am now on a fixed income and debt is not an option.
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    Never. It is a hobby, not an addiction. Cheers, RickO
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    TwoSides2aCoinTwoSides2aCoin Posts: 43,927 ✭✭✭✭✭
    Usually, I won't do it. No way. Not as a collector. There are exceptions to this rule, but I don't want to be targeted by slick salesmen for telling the world which coins I'd break this rule for image
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    littlebearlittlebear Posts: 1,471 ✭✭✭✭
    When I was young and in my twenties, I did, but only on a smaller scale. Now that I'm well into my 50's, I think differently.


    Larry L.


    image
    Autism Awareness: There is no limit to the good you can do, if you don't care who gets the credit.
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    DropdaflagDropdaflag Posts: 779 ✭✭✭✭
    I have done lay-a-ways for coins I could not purchase outright. Does that count?

    https://smallcopperguy.com

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    dohdoh Posts: 6,457 ✭✭✭
    I'd strectch daaaang far for a nice 1822 Dime. I don't know how far into debt I'd go, but I'd definitely sell some of my other pieces if I could the right '22 Dime.
    Positive BST transactions with: too many names to list! 36 at last count.
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    speetyspeety Posts: 5,424 ✭
    There is NO coin which I would go into debt to obtain.
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

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    DennisHDennisH Posts: 13,965 ✭✭✭✭✭
    Would not do it.
    When in doubt, don't.
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    BAJJERFANBAJJERFAN Posts: 31,006 ✭✭✭✭✭
    Short term debt? Sure. Longer term like 4 years of car payments? Probly not.
    theknowitalltroll;
    MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
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    MrEurekaMrEureka Posts: 24,001 ✭✭✭✭✭
    Question for collectors who just say "no" to coin debt.

    So you only want answers from people that refuse to answer the question?
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    IGWTIGWT Posts: 4,975 ✭
    Question for collectors who just say "no" to coin debt.

    So you only want answers from people that refuse to answer the question?

    Brilliant, no? I got the idea here. image
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    keetskeets Posts: 25,351 ✭✭✭✭✭
    i've done short term "debt" to get stuff and juggled accounts to take advantage of "no interest" promotions and can't really understand why so many have an aversion. perhaps the single debt that is almost national in scale, although i feel confident that nary a forum member incurs itimageimage, is that which cycles around every year in December. why would people run debt that costs them money when they could run debt that would make them money??

    the 1885 Liberty Nickel a brave soul admitted they would cave for is an almost certain winner. what could be bad about that??
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    yellowkidyellowkid Posts: 5,486 ✭
    I guess that depends on how you define "debt"?image
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    SaorAlbaSaorAlba Posts: 7,488 ✭✭✭✭✭
    image

    Dang, she is full figured and has a horn of plenty spilling gold coinsimage
    In memory of my kitty Seryozha 14.2.1996 ~ 13.9.2016 and Shadow 3.4.2015 - 16.4.21
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    percybpercyb Posts: 3,302 ✭✭✭


    << <i>If I KNEW I could make a strong profit on it, and pretty much had the piece sold before I put any money up, then I'd do it. >>



    I was thinking the same thing.
    "Poets are the unacknowledged legislators of the world." PBShelley
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    RYKRYK Posts: 35,791 ✭✭✭✭✭


    << <i>

    << <i>If I KNEW I could make a strong profit on it, and pretty much had the piece sold before I put any money up, then I'd do it. >>



    I was thinking the same thing. >>


    In that case, as in the case of the person who bought 2008 buffalos to flip, this is not the same as borrowing money to buy a coin for your collection, which is the spirit of the question.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    BBNBBN Posts: 3,761 ✭✭✭


    << <i>In the current economical environment, with a family that includes an 8 year old son, I can't see myself putting my enjoyment and the hobby ahead of their security; such that it can be currently. >>




    This here. I have three kids ages 15, 5 and 2. I work for the state of IL and my job is likely getting axed in July of 2011 so no coin would inspire me to. Even if I had job security I wouldn't. I just have no desire to own anything out of my budget and any coin that is I just stop buying and save for it.

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set
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    BBNBBN Posts: 3,761 ✭✭✭


    << <i>image

    Dang, she is full figured and has a horn of plenty spilling gold coinsimage >>



    that's the kind of chicks that are still at a stinky bar at 4am

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set
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    JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>

    << <i>image

    Dang, she is full figured and has a horn of plenty spilling gold coinsimage >>



    that's the kind of chicks that are still at a stinky bar at 4am >>


    That's what beer goggles are forimage. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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    MrEurekaMrEureka Posts: 24,001 ✭✭✭✭✭
    IMHO, anybody that has a coin collection can prudently take on debt to buy a coin, provided that he is willing to sell something less desirable from his collection to repay the debt. And if you don't have a collection and you're thinking about taking on debt to buy your first coin, well, damn, I wish I had my own retail website that I could steer you to!
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    LongacreLongacre Posts: 16,717 ✭✭✭
    I just received my credit card statement today. I always pay the total amount, and have never paid a lick of interest to a credit card company. I think under the new law they have to provide additional information. On this statement, it said that if I paid the minimum amount due each month, I would pay off the debt in total in 28 years!!!! Unbelievable. I would never go into debt for coins (or any other discretionary purchase).
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
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    SeattleSlammerSeattleSlammer Posts: 9,961 ✭✭✭✭✭
    This is a virtuous group.






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    Mission16Mission16 Posts: 1,413 ✭✭✭
    I wouldn't go into debt to buy a coin to keep. I would make arrangements if a coin came my way that I knew I could make a significant profit on.

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