It is a Question that is open-ended as until you have sold your Collection you will never know its real Value only an Estimated Value when you Have it.
I think this an inapropriate and irrelevant question….
The lady is right-,, irrelevant,,
Well, let's count - 40 years ago - when I thought of throwing coins into the box, I bought 1 Kčs for 1Kčs- and the world changed
but I still have a full box of 1 CZK coins. 40 years is a long time
Today I received a large amount of money from my elder son to buy coins. I was watching the auctions - my head was spinning how the prices have gone up again and there are a lot of people who accept it - I'm principled - if it's too much - I won't go in, I won't buy because it seems to me that the market went crazy. How should I evaluate what I gave when there was a different time and a lot of free how to calculate the current state according to - the current crazy war market.
Difficult to say for sure I want to say my collection cost me about $2900 roughly,
If I base a return on what a coin store might offer then $1500
I've overpaid quite a lot as online marketplaces are my main source of world coins & Japanese coins sure aren't getting any cheaper but I don't think I will ever sell these.
$2900 for 175 coins? Wow, that's kinda steep but I guess you must have bought from auctions. So do you have a set price below which you really wouldn't sell your collection for?
Approximately, how much have you paid for your coins and banknotes and how much do you think they're worth now (dispassionately)?
I think this an inapropriate and irrelevant question….
Irrelevant to what?
Somebody pays whatever he like to pay or what he can afford, it has nothing to do with the actual value of a certain coin.
Moreover collectors, who are long time in this ‘business’ will definitly not remember how much was paid for every induvidial coin. And apart from this, what has someone to do with the money paid by somebody else?
Approximately, how much have you paid for your coins and banknotes and how much do you think they're worth now (dispassionately)?
I think this an inapropriate and irrelevant question….
Irrelevant to what?
Somebody pays whatever he like to pay or what he can afford, it has nothing to do with the actual value of a certain coin.
Moreover collectors, who are long time in this ‘business’ will definitly not remember how much was paid for every induvidial coin. And apart from this, what has someone to do with the money paid by somebody else?
What a logical argument! Those who don't remember can still indicate an approximate number or they can choose not to answer.
And apart from this what does someone have do with calling a post irrelevant started by someone else?!
Besides the odd exception from the rule - I never purchase any coin or banknote for more than face value. Most of my collection consist of coins that I have collected through circulation or inherited from family members who have collected through circulation.
Besides the odd exception from the rule - I never purchase any coin or banknote for more than face value. Most of my collection consist of coins that I have collected through circulation or inherited from family members who have collected through circulation.
Hapertas describes how I started with banknotes from my country (Canada). After saving for a couple years from my paper route, I bought my first note - a 1954 Devil's Face $20 assessed by the seller as VF but more a Fine grade (which I learned later). This is how 99% of Canadians found their notes & it would take me 20 years (or more) to break even. I later learned my lesson & how to grade. Why buy something low grade (just b/c I'm desperate or impatient to add it to my collection?) I had to stop that rash approach to collecting. That's what grandpas/grandmas do with a little extra change (& no thought to the variety) they leave for their grandkids.
My next purchase was a 1937 $5.00 (P-60c) which cost a small fortune at a Sears Coin shop but at least I could recoup my money in about 10 years time.
Once I got into World currency, I definitely did not want common circulated raggy notes. Once again, I paid too much for the early first 2002 Diusenberg Euros but knew they'd at least be easy to sell down the road. On my first trip to Europe I couldn't find any (in decent shape) so I was bent on buying some online. That's pretty much been my approach since.
After a trip to the Philippines, I bought some solid radars from which I posted on this thread. My first few (like the green 5 Pesos) came from a seller who sent them in terrible packaging. I foolishly submitted these to PMG & they came back as AU55 or UNC 64 with no EPQ. I was caught dreaming (being super idealistic) & realized my mistake. Being cheap is costly in this hobby. I bought from a better seller (better packaging/a bit more expensive- like the 2010 20,50 or 200 Pesos). All of the notes from the 2nd seller came back UNC65 to 68EPQ.
The thing is I have always bought notes for more than they're worth (at the time) b/c I want the best condition I can afford & I don't want to leave my wife a bunch of old circulated currency. I usually pay top dollar for postage (which I have factored in to some of my duplicates I have put up for swap). I have a few I have sourced from circulation mixed with ones I paid a fortune for. It would be impossible to calculate (or approximate) how much I paid for my collection over so many years & I believe that's why you got the glib response you got from some members here.
I haven't kept track of what I've spent to acquire my collection, and honestly, don't really want to know. I am more interested in having my collection than it's value and/or the amount spent to get it.
Besides the odd exception from the rule - I never purchase any coin or banknote for more than face value. Most of my collection consist of coins that I have collected through circulation or inherited from family members who have collected through circulation.
Hapertas describes how I started with banknotes from my country (Canada). After saving for a couple years from my paper route, I bought my first note - a 1954 Devil's Face $20 assessed by the seller as VF but more a Fine grade (which I learned later). This is how 99% of Canadians found their notes & it would take me 20 years (or more) to break even. I later learned my lesson & how to grade. Why buy something low grade (just b/c I'm desperate or impatient to add it to my collection?) I had to stop that rash approach to collecting. That's what grandpas/grandmas do with a little extra change (& no thought to the variety) they leave for their grandkids.
My next purchase was a 1937 $5.00 (P-60c) which cost a small fortune at a Sears Coin shop but at least I could recoup my money in about 10 years time.
Once I got into World currency, I definitely did not want common circulated raggy notes. Once again, I paid too much for the early first 2002 Diusenberg Euros but knew they'd at least be easy to sell down the road. On my first trip to Europe I couldn't find any (in decent shape) so I was bent on buying some online. That's pretty much been my approach since.
After a trip to the Philippines, I bought some solid radars from which I posted on this thread. My first few (like the green 5 Pesos) came from a seller who sent them in terrible packaging. I foolishly submitted these to PMG & they came back as AU55 or UNC 64 with no EPQ. I was caught dreaming (being super idealistic) & realized my mistake. Being cheap is costly in this hobby. I bought from a better seller (better packaging/a bit more expensive- like the 2010 20,50 or 200 Pesos). All of the notes from the 2nd seller came back UNC65 to 68EPQ.
The thing is I have always bought notes for more than they're worth (at the time) b/c I want the best condition I can afford & I don't want to leave my wife a bunch of old circulated currency. I usually pay top dollar for postage (which I have factored in to some of my duplicates I have put up for swap). I have a few I have sourced from circulation mixed with ones I paid a fortune for. It would be impossible to calculate (or approximate) how much I paid for my collection over so many years & I believe that's why you got the glib response you got from some members here.
The value is of no interest, I don't collect to invest, so I don't bother to make a bookkeeping system to see, what my collection cost me. The selling price is impossible to know before you've sold off the collection, but why would I do that, just to answer a stupid question?
I agree with Sjoelund, I collect for the enjoyment. The money I have spent is less than what most people would spend on going to the pub, bar or nightclub every weekend. So in my view collecting coins is saving me money, is better for my health and I have learned a lot about history.
That's an almost impossible set of questions to answer anyways, unless you're a dealer who keeps track of every transaction and knows the current value of everything they have on hand, but I doubt you'd find too many dealers willing to disclose that information.
Some coins I've bought and later sold (usually, when I find an upgrade). Some coins were given to me for free and some I've given away to friends/kids. Some I've gotten at face value from change or coin roll hunting. I've no clue of the current value of most coins in my collections and honestly I don't care. I'm not a dealer, so I don't buy coins to make a profit. I only care that I don't spend too much because my disposable income has its limits. And I can only hope that when I pass away and my collection goes to the next owner, they keep it and grow it, rather than sell it off, which would likely mean they'll only recover a small fraction of what it cost me to put it together.
I agree with Sjoelund. The cost of my collection is of little or no interest to me, although I do try to keep new purchases under control as I have limited funds at the moment.
When I started collecting in the 1970s (some 50 years ago), there were plenty of old coins around in the UK that had just gone out of circulation. I've been able to add to those over the years relatively cheaply. However, the cost of coins has skyrocketed during the past few years and it is becoming increasingly difficult to fill the gaps in my collection without spending more and more money. Maybe it's time to start swapping coins, something I've been loath to do until now.
Especially, as I've just found this wonderful website that allows me to really examine my hoard and find all those variations that I was completely unaware I had - Thank you to all at Numista !!!
As for value, ‘’Value is in the eye of the beholder''. For me, the most precious coins are the ones my Grandfather gave me when I was a child; the coins that started off this wonderful hobby for me. My Dutch coin collection has a similar sentimental value, not only because it is what got me into collecting foreign coins in date order, but also because my wife's family collected most of the coins for me - many of them as they were issued.
So long as your costs are under control, spend as much as you think is appropriate to own the coins that you will love for years to come.
I agree with Sjoelund. The cost of my collection is of little or no interest to me, although I do try to keep new purchases under control as I have limited funds at the moment.
When I started collecting in the 1970s (some 50 years ago), there were plenty of old coins around in the UK that had just gone out of circulation. I've been able to add to those over the years relatively cheaply. However, the cost of coins has skyrocketed during the past few years and it is becoming increasingly difficult to fill the gaps in my collection without spending more and more money. Maybe it's time to start swapping coins, something I've been loath to do until now.
Especially, as I've just found this wonderful website that allows me to really examine my hoard and find all those variations that I was completely unaware I had - Thank you to all at Numista !!!
As for value, ‘’Value is in the eye of the beholder''. For me, the most precious coins are the ones my Grandfather gave me when I was a child; the coins that started off this wonderful hobby for me. My Dutch coin collection has a similar sentimental value, not only because it is what got me into collecting foreign coins in date order, but also because my wife's family collected most of the coins for me - many of them as they were issued.
So long as your costs are under control, spend as much as you think is appropriate to own the coins that you will love for years to come.
LDC
Why would you consider swapping to be deploring? I mean you don't mind piling up the same coin over and over again? Swapping makes both parties' collection robust. Yes, parting with a coin of yours can be difficult but you also welcome a new member in your collection at the same time. But then, to each their own.
I don't consider the questions either inappropriate or irrelevant. It's free discussion, after all.
A lot of collectors do keep track of the provenance and purchase price of their coins (I do, at least for everything that has come into my collection in about the last 20 years).
And some of the other comments tell us things abut the different kinds of collectors who are members.
Most of my collection is coins over 200 years old, so I am always paying higher than face value, and I probably have fewer coins than most collectors here as a result.
Why would you consider swapping to be deploring? I mean you don't mind piling up the same coin over and over again? Swapping makes both parties' collection robust. Yes, parting with a coin of yours can be difficult but you also welcome a new member in your collection at the same time. But then, to each their own.
I certainly don't deplore swapping. I'm just not ready for it yet. That's probably due to the time I've spent building my collection, the lack of information I've had for many years, the trust that's required to initiate a swap, and the knowledge required to ensure that a swap is both relevant and acceptable for both parties concerned. I've also only just started to fully catalogue my collection, so haven't really had the necessary information to ensure I'm swapping duplicates, not variations. That may take some time.
If Mr. Spock were to answer I think he might say that it’s illogical to post this information. If you think about it, posting this information is little like posting an open invitation to theft. Sure people can view your/our collections but if they are really interested in making money from this type of theft, let them dig through your collection information and determine if it’s worth breaking into your house.
If Mr. Spock were to answer I think he might say that it’s illogical to post this information. If you think about it, posting this information is little like posting an open invitation to theft. Sure people can view your/our collections but if they are really interested in making money from this type of theft, let them dig through your collection information and determine if it’s worth breaking into your house.
If Mr. Spock were to answer I think he might say that it’s illogical to post this information. If you think about it, posting this information is little like posting an open invitation to theft. Sure people can view your/our collections but if they are really interested in making money from this type of theft, let them dig through your collection information and determine if it’s worth breaking into your house.
If Mr. Spock were to answer I think he might say that it’s illogical to post this information. If you think about it, posting this information is little like posting an open invitation to theft. Sure people can view your/our collections but if they are really interested in making money from this type of theft, let them dig through your collection information and determine if it’s worth breaking into your house.
Maybe that was the intention in the first place….lol
If Mr. Spock were to answer I think he might say that it’s illogical to post this information. If you think about it, posting this information is little like posting an open invitation to theft. Sure people can view your/our collections but if they are really interested in making money from this type of theft, let them dig through your collection information and determine if it’s worth breaking into your house.
Maybe that was the intention in the first place….lol
A lot of seemingly innocuous questions. With hindsight one wonders if it is indeed data gathering😉
I doubt the purpose of the post was to gather information for potential theft however I do think it's an inappropriate question I would never ask a fellow collector. What they spent on their collection is their business. I might ask what an individual piece I'm looking to acquire in the future cost as a reference but even that only if I knew the collector personally.
I collect and deal in ancient Roman coin. In case you're looking for affordable ancient coins or need any help with the coins you already have send me a message.
I doubt the purpose of the post was to gather information for potential theft however I do think it's an inappropriate question I would never ask a fellow collector. I might ask what an individual piece I'm looking to acquire in the future cost as a reference but even that only if I knew the collector personally. What someone spent on their own collection is their business.
Fair point.
However, a local violin collector had a bad experience few years ago. Got friendly with someone on FB chatting about violins. Put one up for sale on Gumtree and agreed to meet at a local garage. After the sale when he got home - 40-50 of the best violins were stolen from his house.
but I still have a full box of 1 CZK coins. 40 years is a long time
