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Regarding Coin Collecting in General
Absolution
Posts: 336 ✭✭✭
I get the feeling most people only keep 1 set and sell the rest when it is a good time
I understand people get a lot of the sets to sell to break even or make profit and then keep only 1 set. I'm doing something else wondering if it's normal. I am keeping the following 25th Anniversary Silver Eagle set in my bank vault and am definitely NOT planning on selling them, just keeping them in the bank vault until I die or give to my grandkids (which btw, I'm only in the high 20s so it will be awhile =D).
1 Mercanti Label set PCGS 70 First Strike
1 Flag Label set PCGS 70 First Strike
1 Flag Label set PCGS 69 First Strike
Planning on maybe getting the coin by itself First Strike Label 70 set so I have all 4 label types, only thing I would be missing is the labels without first strike but don't think that label looks good. Is this normal to want to keep multiple versions of the same set? Asking because I am going to be hoarding a ton of coins in the next few decades.
If the Silver Eagles look the same each year, why do people even bother getting it?
I however don't want the same design so won't be collecting Silver Eagles unless they change the picture so this will be the ONLY Silver Eagle sets I stay with until design change. Might be going to the Panda coins from Asia next and then the Roman coins from way back when after. Recently found a Morgan 1896 coin I bought at an Antique store over 10 years ago I think and think I just need the different types and then I'm done, regardless of year (would rather have best year though of course). I don't really understand what the value is in staying with one type of coin and getting it each year if the coin looks the same. I looked at the 2006 Reverse Proof and it...looks the same with minor detail differences but for the most part it looks the same to me as the 2011 Reverse Proof.
I understand people get a lot of the sets to sell to break even or make profit and then keep only 1 set. I'm doing something else wondering if it's normal. I am keeping the following 25th Anniversary Silver Eagle set in my bank vault and am definitely NOT planning on selling them, just keeping them in the bank vault until I die or give to my grandkids (which btw, I'm only in the high 20s so it will be awhile =D).
1 Mercanti Label set PCGS 70 First Strike
1 Flag Label set PCGS 70 First Strike
1 Flag Label set PCGS 69 First Strike
Planning on maybe getting the coin by itself First Strike Label 70 set so I have all 4 label types, only thing I would be missing is the labels without first strike but don't think that label looks good. Is this normal to want to keep multiple versions of the same set? Asking because I am going to be hoarding a ton of coins in the next few decades.
If the Silver Eagles look the same each year, why do people even bother getting it?
I however don't want the same design so won't be collecting Silver Eagles unless they change the picture so this will be the ONLY Silver Eagle sets I stay with until design change. Might be going to the Panda coins from Asia next and then the Roman coins from way back when after. Recently found a Morgan 1896 coin I bought at an Antique store over 10 years ago I think and think I just need the different types and then I'm done, regardless of year (would rather have best year though of course). I don't really understand what the value is in staying with one type of coin and getting it each year if the coin looks the same. I looked at the 2006 Reverse Proof and it...looks the same with minor detail differences but for the most part it looks the same to me as the 2011 Reverse Proof.
Successful BST Transactions with: RMLTM79 (seller), Gerard (seller), bgman (buyer), Coinflip (buyer) | Positive Vendor Transactions/Service with: Stuppler & Company (seller)
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Comments
I would highly recommend collection something with some character and history to it.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
I'm done with Silver Eagle until the design changes. Time for something new!
<< <i>Early Collector coins are fun because you have the chance to see the different varieties, cracks and cuds that all add interest. Also different strikes and toning can make collecting and the hunt very intriguing. Though the same series may have the same design they are all so different. The more Modern Process of making coins now a days bores me to death. I really don't care as much to collect the same type of modern coins. Which is also one of the reasons I don't care much for white dipped coins.
I would highly recommend collection something with some character and history to it. >>
<< <i>early commemorative half dollars are a good hobby. >>
<< <i>
<< <i>Early Collector coins are fun because you have the chance to see the different varieties, cracks and cuds that all add interest. Also different strikes and toning can make collecting and the hunt very intriguing. Though the same series may have the same design they are all so different. The more Modern Process of making coins now a days bores me to death. I really don't care as much to collect the same type of modern coins. Which is also one of the reasons I don't care much for white dipped coins.
I would highly recommend collection something with some character and history to it. >>
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Agree w the comments re early coinage. Each variety has a different character, which later coinage does not have.
"Seu cabra da peste,
"Sou Mangueira......."